Staff Reporter
Karachi
Businessmen Panel Secretary General (Federal) and FPCCI Former Chairman Standing Committee on Agriculture, Ahmad Jawad has said that the National Assembly before passing the budget proposal may indulge meaningful initiatives for the agriculture sector to support economy in ongoing pandemic and may also revised the target of 2.8% for the fiscal year of 2020-21.
In a statement here on Wednesday, Jawad said that n the wake of the coronavirus due to which we witnessed a sharp decline in services and industrial sector, agriculture would be a only hope to uplift the dwindling economy and we expect that government put extra measures for the agriculture in the budget and set a target of at least 3.5 % but utter disappointment may visibly seen after listening the speech.
He said that agriculture sector, the backbone of national economy and a major source of employment, recorded a significant growth of 2.67% in the fiscal year 2019-20 compared to a poor 0.58% growth or previous fiscal year.
The SG BMP (Federal) said that agriculture sector has provided some relief for Pakistan’s economy, which has registered a negative growth for the first time in 68 years. Rice production increased 2.9% to 7.410 million tons and maize crop rose 6% to 7.236 million tons. Cotton harvest fell 6.9% to 9.178 million bales and sugarcane production dropped 0.4% to 66.88 million tons.
