The government has released Rs. 779.150 million for various agriculture sector projects under its Public Sector Development Programme (PSDP) for the financial year 2016-17 as against the total allocation of Rs. 1520 million.
According the data of Planning Commission of Pakistan, an amount of Rs. 195.447 million was released for the research for agriculture development programmes as against the total allocation of Rs. 200 million for the current fiscal year. In order to reduce the huge import bill of edible oil and to promote the oil seed cultivation in the country, an amount Rs. 195 million was released for the promotion of olive cultivation on commercial scale across the country as Rs. 240 million was earmarked for the above mention projects in PSDP 2016-17.
For exploiting the true potential of agriculture and livestock sectors in tribal areas the government has released Rs 109.200 million for up gradation of Arid Zone Research Institute (AZRI) to the level of AZRC and establishment of new adaptive research cum demonstration institute at Seakach, Wana, South Waziristan Agency, Miranshah, North Waziristan Agency (FATA) Tank and Matora, Lakki Marwat as against the total allocation of 273 million.