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Agriculture Sector

- - - - - Agriculture Sector Agriculture

3 replies to this topic

#1
Amin Khan

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    Water shortage hitting agricultural sector badly
    June 29, 2011

    Provincial Minister for Agriculture Ahmad Ali Aulakh has said that water shortage was hitting the agriculture sector hard and the government would have to build small projects to channelise rainwater for irrigating farmland if early construction of big water reservoir is not possible for time being.

    The provincial minister was speaking at a seminar on "Bio-technology and technology up-gradation" at the Lahore Chamber of Commerce and Industry. Advisor Governor Gilgit-Baltistan Sohail Lashari, LCCI Executive Committee members Dr Shahid Raza, Mian Zahid Javaid and former EC Member Rehmatullah Javed also spoke on the occasion.

    The minister said that more than seven million acre feet of water being wasted due to lack of planning and insufficient water reservoirs in the country. Ahmad Ali Aulakh also stressed the need for utilising solar energy for running tube-wells with a view to addressing issue of rising oil prices that has increased cost of production. "There is no doubt in it that the conversion to solar energy would cost government heavily but it would be one-time intervention and eventually become cost effective in the longer run."

    He said that Pakistan would have to focus on genetically modified and hybrid crops to tap true potential of agricultural productivity in the country. The minister, while stressing the need for establishment of institutes both at provincial and federal level for creating awareness among the farming community about Genetically Modified (GM) technology, said that sustainability and improvement in crops yield are the major challenges to meet upcoming threats of increasing population and depleting water resources.

    He said biotechnology has shown considerable potential to raise agricultural productivity by addressing problems. Among other application of biotechnology, development of genetically modified organisms is the promising tool to facilitate plant breeding in development of crops to insect and tolerant to herbicide.

    The minister said that GM crops have contributed to sustainable development in several significant ways including: contributing to food security and more affordable food, conserving Biodiversity, alleviation of poverty and hunger, mitigating climate change and reducing greenhouses gases, contributing to the cost-effective production of biofuels and above all by contributing to sustainable economic benefits.

    In addition to aiding in issues of food security, genetically modified crops have an important role to play in lessening the environmental impact and improving the sustainability of food production. Insect-resistant rice, for example, has the potential to benefit about 1 billion people.

    The Advisor Gilgit-Baltistan Sohail Lashari said that Pakistan's agriculture sector was losing heavily due to insufficient utilisation of biotechnology as the magic progress of agriculture sector is only due to genetically modified crops. He said that agriculture sector in Pakistan has a huge potential.

    It continues to be the single largest and dominant driving force for growth as well as the main source of livelihood for 66 percent of Pakistan's population. But it has always faced two major problems: first, productions per acre are lower than many countries. Secondly, around 40 percent of production is wasted in the form of post-harvest losses due to insufficient utilisation of biotechnology. He stressed the need for utilising this beneficial technology for more and more production in various economic sectors.

    The LCCI executive committee member and Convener standing committee on biotechnology Dr Shahid Raza, while speaking on the occasion, said that local R & D and Industry-University linkage is vital for progress and prosperity of the country. She urged the government to ensure application of biotechnology in agriculture, health, environment and industry. He said that collaboration with international research institutes could help achieve targets in all sectors of the economy.
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    #2
    KNShaikh

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    Pak Agri: Key takeaways from farm visits

    We recently had an opportunity to visit agri fields in Punjab (hub of agri activity in Pakistan) and interact with a number of farmers and farm advisory analysts. Our key findings are:

    1) Wheat is not purely business for small farmers as 50% is consumed in house; 2) hence income from rice & cotton drives input budget for wheat and impacts yields; 3) late sowing will further hurt yields, 4) wheat price realization would be lower than WSP of PRs1200/maund, 5) although limited but progressive techniques are being promoted to maintain yields despite lower fertilizer use.

    Given decline in fertilizer application to wheat crop for the past 3-yrs, we expect wheat crop output for FY13 to remain below 24mn tons where decline in fertilizer prices is a must to promote higher fertilizer use.


    KASB

    #3
    Malik.

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    Agriculture unlikely to achieve growth rate of 4%: IPR  Amid perceptions of economic stabilization and recovery, the National Economic Council (NEC), chaired by the Prime Minister, has set a number of ambitious targets in the Annual Plan for 2015- 16. Realization of these targets will unambiguously confirm that the economy has finally broken out of the low growth trap, said a report released by the IPR.The GDP growth rate for 2015-16 has been set at 5%. The last time a growth rate of above 5% was achieved was as far back as 2006-07. According to the Annual Plan, industry is expected to lead the growth process, with a growth rate approaching 6.5%. Inflation is likely to average 6% over the year.The level of investment is also projected to revive sharply, from about 15% to almost 18% of the GDP. Exports will also pick up, after four years of stagnation, with a growth rate of over 5%. Remittances are expected to continue growing, while foreign direct investment is likely to show a quantum jump of doubling over the level in 2014-15.The focus of public finances continues to be on further stabilization, with a reduction in the fiscal deficit to 4.3% of the GDP. This is to be achieved by a 20% growth in FBR revenues and little or no growth in current expenditure at the federal level. In addition, the Provinces are expected to generate a large combined cash surplus of Rs.300 bn.Recent developments, however, are beginning to cast some doubts about the ability of the economy to perform as well as anticipated in 2015-16.  The textile industry is up in revolt after the imposition of taxes and surcharges on electricity and gas. The rupee remains significantly overvalued and this has impaired the competitiveness of our exports. Similarly, after a long time, remittances are beginning to flatten out, with less than one percent growth in July.The year, 2014-15, witnessed a major recovery in the iron and steel products industry, primarily because of resumption of production by the Pakistan Steel Mill. Almost one third of the overall growth of the large-scale manufacturing sector was due to the iron and steel industry. But the news has come that PASMIC is shut down once again. In addition, industries like fertilizer are likely to be hit by the imposition of the GIDC. Falling exports, rising costs and factory closures render difficult the prospect of achieving 6% growth in manufacturing in 2015-16.  Turning to inflation, the good news is that the year-to-year inflation in the consumer price index is down to only 1.8% in July. In fact, the wholesale price index has been declining every month since December 2014. The economy shows signs of having entered a period of low inflation or even deflation. However, as the ‘low base effect’ begins to take over, the rate of inflation could start rising once again and reach up to five percent in the next five to six months. Also, low commodity prices, especially of oil, are likely to persist. The Annual Plan assumption of an average rate of inflation of 6% in 2015-16 is likely to be on the high side. This is, of course, good news for consumers but it will be very difficult to achieve a 20% growth in FBR revenues. Already, in the first month, July, these revenues have shown growth of only 11%. We are likely, therefore, to see a spate of mini-budgets, like last year. (The Nation August 13, 2015)

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    Malik.

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    Government, SBP lauded for increasing agriculture financing  Chairman of the United International Group on Sunday lauded the Government and the State Bank of Pakistan for record agricultural financing this year which will benefit the most important sector of the national economy. He said the share of agriculture in the GDP is 22 % therefore bank loans for the sector must be 22 % of all the advances for which all the stakeholders must take steps. said that loans given to agricultural sector by commercial banks witnessed growth of 32 % in 2015 as compared to the last year. The banks lent 391.4 bn rupees to planters in 2014 while Rs 515.9 bn loans were issued in 2015. Agriculture loans were nine percent of total loans by banks in 2014 while the same stood at 11 % of tin 2015 which is good but not according to the demand of the critical sector. Next Page Disclaimer: This report has been prepared by Standard Capital Securities (Pvt) Ltd and is provided for information purposes only. The information and data on which this report is based are obtained from sources which we believe to be reliable but we do not guarantee that it is accurate or complete. Standard Capital Securities (Pvt) Ltd accepts no responsibility whatsoever for any direct or indirect consequential loss arising from any use of this report or its contents. Investors are advised to take professional advice before making investments and Standard Capital Securities (Pvt) Ltd does not take any responsibility and shall not be held liable for undue reliance on this report. This report may not be reproduced, distributed or published by any recipient for any purpose. Standard Capital Securities (Pvt) Ltd This indicates will of the government to improve the agriculture sector, effort of the banks to step in rural economy and demand by the farmers for financing. He noted that agricultural loans are growing by 10.8 % for last three years due to the efforts by the central bank and demanded that double digit growth must be ensured in future. Said that 15 commercial banks showed good results, seven small banks could not fulfil the target of agri loans while four Islamic Banks disbursed five billion rupees against target of 2.3 bn in fiscal year of 2015. (BR August 17, 2015)






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