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Agriculture

Govt’s export deal to revive sinking rice sector

Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt on Sunday lauded the government for 4-year rice export deal with Indonesia which will bailout the troubled sector and stabilise prices at home. He demanded more long and short term agreements with other countries to boost the rice sector which is facing problems since some tears. Shahid Rasheed Butt said that export of rice to Indonesia will boost overall exports to 4.6 million tonnes which will be a record for which credit goes to the government. Pakistan’s export forecast has recently been raised by 0.1m tonnes in the wake of a deal with Indonesia. He said that reasons behind crisis in rice sector include high production cost, too much focus of exporters on profit...

February 8, 2016 at 11:57 am | News Desk

Weaknesses in agriculture structure a threat to GDP

President Society Watch Khalid Mehmood on Saturday said weaknesses in the structure of agriculture is keeping this sector fragile which is a threat to GDP growth rate. Masses continue to pay extra for food in the name of national interest which has not improved lives of the farmers but that of rural elite, he said. In a statement issued here today, he said that masses are forced to buy wheat at 40 percent inflated price as compare to rates in the international market while they pay 20 percent extra for rice and 30 percent additional money while buying milk. Khalid Mehmood said that despite getting heavy price the agriculture sector is in doldrums due to distortions which must be tacked to streamline things. He said that prices...

February 6, 2016 at 2:40 pm | News Desk

Khairpur’s golden harvest and the women behind it

Although date palm is a developing industry in Pakistan, the country is already one of the largest producers of this fruit crop in the world. And in the business of producing dates, the city of Khairpur holds a very significant place. Khairpur’s village economy is based on date palm processing and export; this is a source of employment not only for the villagers in Khairpur but also residents of nearby cities, who migrate to the district to work during the crop harvest season. Most of the workers are men, though, with only a small number of women seen working in farms, and that too, the more aged ones. As in other parts of Pakistan, young women’s economic independence in this region is also subject to patriarchal authority; th...

July 2, 2015 at 10:56 am | News Desk

Banks achieve 88pc agri credit target

KARACHI: Agriculture credit disbursement by banks increased by 31.40 per cent to Rs439.8 billion during the first 11 months (July-May) of the outgoing fiscal year as compared to Rs334.7bn in the same period last year. The banks so far achieved 88 per cent of their combined target of Rs500bn set for 2014-15, said the State Bank of Pakistan (SBP) on Monday. The outstanding portfolio of agriculture loans also surged by 15.52pc (Rs43bn) to Rs320.1bn from Rs277.1bn in the same period last year. The SBP said that the performance of five major banks as a group remained satisfactory, as they disbursed Rs229.3bn (90.8pc) of their annual target and two specialised banks (ZTBL and PPCBL) disbursed Rs86.8bn (85.4pc) of their combined target of Rs101...

June 23, 2015 at 2:37 pm | News Desk

Landless farmers stunned

Sindh government has badly failed to distribute promised 144,561 acres of land among poor, causing unrest among expected beneficiaries and civil society organizations. According to the Landless Hari Program 2008, Sindh government had to distribute 200,000 acres of land among poor farmers, particularly women peasants, but it distributed only 55,439 acres out of promised 200,000 acres. Therefore, it is the right time for Sindh government to start 3rd phase of the Landless Hari Program and distribute remaining 144,561 acres of land among women of the freed bonded laborers, who are primarily agriculture workers and can contribute to Sindh’s agriculture growth. This initiative will secure the livelihood of these marginalized people and hel...

August 12, 2014 at 2:25 am | Waheed Jamali