Progress of agri sector linked to financing of banks

Staff Reporter

Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Saturday said that the progress of the most important agriculture sector is linked with financing of the banks.

In a statement issued here, he said that agricultural development through budget measures a guess at best and the most important sector will continue to face uncertainty.

Shahid Rasheed Butt said that all the governments have admitted that agriculture is the cheapest way to eradicate poverty and ensure development but tall claims were always preferred over action.

Our agriculture development policies have always backfired while the policies in the neighbouring countries have worked well beating our per acre yield with a wide margin, he said.

The business leader noted that we are importing food items despite having four seasons and the best canal system in the world irrigating 4.1 million acres of land which is enough to feed fifty crore people.

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