Kisan package to improve agro-based economy

Bahawalpur—Provincial Minister for Cooperative, Malik Muhammad Iqbal Channer has said that Rs. 100 billion Khadim-e-Punjab kisan package would strengthen agro based economic infrastructure in the rural areas of 36 districts of Punjab.
He was addressing as a chief guest at the public awareness seminar regarding Khadim-e-Punjab Kisan Package held at Ghulam Muhammad Ghotvi hall Islamia University Bahawalpur. He further said that this would institutionalize fiscal intervention, which is aimed to provide soft loans, subsidized electricity for agro tube wells and fertilizers for the farmers.
Rupees 100 billion Kisan Package is an effective and solid economic relief mechanism which is aimed to provide subsidized agro inputs to the farmers and to boost the per acre yield of crops, Muhammad Iqbal Channer said.
He said that economy of Pakistan is based on agriculture and more than 40 million people are engaged in this sector.
Minister said that federal government is also committed through its 350 billion economic relief package to extend economic relief to the cotton and rice growers to mitigate their economic losses by extending fiscal relief to millions of farmers in Pakistan.
He further noted that federal government has also earmarked a massive fund of Rs 14 billion to supply subsidized electricity for agro tube wells by lowering the price regime from 8.85 rupees per unit to 5.35 rupees per unit.
EDO agriculture also highlighted various features of Khadim-e-Punjab kisan package that include Rs. 3 billion for manufacturing new breed of seeds, Rs. 1 billion and 200 million for establishing service centres of modern agriculture equipment.—APP

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