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Potential of agriculture sector

  Agriculture is the backbone of Pakistan’s economy. Pakistan is one of the largest producers of fruits and vegetables in the world besides being the largest overseas exporter of cotton and other agri products. It accounts for around 21.4 percent of GDP and about 45 percent of Pakistan’s population depends directly on agriculture. It is claimed that Pakistan is always governed by big landlords yet agriculture sector remained worst hit …

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Achieving food security

  The successive governments in Pakistan have been focusing on industrial sector and ignoring agriculture. The focus remained on import substitution rather than exploiting comparative advantage. This is evident from the fact that crop yields in Pakistan are lowest, even below those achieved in India. Both the countries enjoy similar land and climatic conditions but India has been focusing more on improving yield and has been successful to a large …

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Contribution of agriculture in GDP

  Agriculture is a predominant activity in most developing countries. As economic growth and development take place, importance of agriculture tends to decline according to the sources. The declining share of agriculture is, however, a slow phenomenon and is felt only over a relatively long time horizon. In Pakistan, the agriculture sector continues to be an essential component in the economy. It currently contributes 21 per cent to GDP. Agriculture …

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Agriculture, livestock contributing GDP growth

  In Pakistan, the key objective of agriculture sector is to ensure proper production and availability of food for the citizens and also offers livelihoods to people directly involved in the sector along with the value adding chain. The achievement of sustainable progress in agriculture sector (contributes over 22 percent to GDP) completes macroeconomic objectives by its forward and backward linkages with the other sectors. Pakistan agriculture and food security …

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Financial inclusion program and farmers

  Agriculture contributes nearly one-fourth to Pakistan’s GDP, two of its large-scale industries (textile and sugar) are agro based and nearly 60 percent of total exports comprise of textiles and clothing. This is despite the fact that production and productivity of the sector is very low as compared to the international standards. If right impetus are provided production of major crops can be doubled, which can boost GDP size, create …

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Agricultural prospect: vital for economic growth

  The agriculture sector plays dual but vital role for the economic development of Pakistan it contributes to the exports of the country by being a primary supplier of raw materials to the downstream industry and on the other hand, it is a large market for industrial products such as pesticides, fertilizers and agricultural machinery. The sector accounts for over 21 percent of the GDP of the country thereby being …

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Agriculture in Punjab

  Despite having tropical wet and dry climate, extensive irrigation makes Punjab a rich agricultural region. Its canal-irrigation system established by the British is the largest in the world. Wheat and cotton are the largest crops. Other crops include rice, sugarcane, millet, corn, oilseeds, pulses, vegetables, and fruits. Livestock and poultry production are also important. Punjab contributes about 76% to annual food grain production in the country. Cotton and rice …

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Gujranwala, Sialkot: major trade hubs for economic growth

  Gujranwala and Sialkot are the major agricultural and industrial cities of northeastern Punjab and fast emerging cities of Pakistan for the development of economic growth. Gujranwala being having an important industrial base in north eastern Punjab contributing a major part in its export growth through its dry port handlings. The major exports through this port include rice, sugar, textiles, carpets, glass goods, medical equipment, leather products, metal utensils, agricultural …

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Investment avenues and opportunities in Punjab

  The Punjab Board of Investments is actively involved in finding opportunities for business. Punjab being an agricultural land, needless to say there are numerous investment opportunities in farming. The government has identified potential sectors, which need investments and on the government target list. Many initiatives have been taken to resolve the energy and power crisis including development on Thar coal. The government has set positive examples by keeping law …

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Lending to farmers shows some disturbing trend

  State Bank of Pakistan (SBP) has released data of lending by financial institutions to farmers for the six months period ending December 31, 2013. On the face value it appears that the financial institutions have achieved 44% of the indicative lending trend. However, a deeper probe suggests that challenges like high non-performing loans, inadequate infrastructure and overall security and macroeconomic conditions are the reasons for the lackluster performance. The …

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