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 …
Read More »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 …
Read More »Value addition in agriculture
It is often said that share of agriculture in Pakistan’s GDP has reduced to less than one-fourth, which is partly right and partly wrong. The key reason is that the country has failed in achieving higher value additions in the sector. With the reduction in average income of rural population there has been huge migration to urban areas, which has its own repercussions. Therefore, there is a need to …
Read More »Contribution of the agricultural sector towards the economic growth of Pakistan
For Pakistan, the agricultural sector has always held great significance. The country has always had a great deal of potential in terms of the agricultural sector and at the time of independence as well, it was considered to be a country whose economy centered on this particular sector. As industrialization occurred in Pakistan and the birth of industries began, the economy of the country began to diversify. Despite this …
Read More »Crop insurance for farmers vital for agri growth
Agricultural production and farm incomes in Pakistan are frequently affected by natural disasters such as droughts, floods, cyclones, storms, landslides and the earthquakes. Destruction to agriculture is often combined by the outbreak of epidemics and man-made disasters such as fire, sale of unauthentic seeds, fertilizers and pesticides, etc. Farmers across the country had suffered losses of billions of rupees due to floods of 2010 and rains of 2011. Agricultural …
Read More »Solution to Pakistan’s energy crisis
Pakistan a nation with sized land area, population and economy. The country has lots of sun with density higher than many of the Asian countries. The country is facing a huge problem of energy, which has affected both the agriculture and the industry. With shortage of funds and lack of knowledge in the energy sector, too much of the bureaucratic thinking has caused lots of frustration among the people …
Read More »International standard drug testing laboratory unveiled in Punjab
Elements involve in food adulteration, spurious drugs, substandard and bogus agriculture medicines will be severely penalized The PML-N led Punjab government is spending billions of rupees to provide quality healthcare to people through a comprehensive program by activating rural and basic health centers and in this kind the first-ever international standard model drug testing laboratory of the country has been made functional in Punjab while work is underway for …
Read More »Pakistani rice, agriculture products entering into Eastern markets and Russia
Pakistan’s total export volume is estimated at around $25 billion per annum, which is mainly consists of cotton and textile products while the global economic slow down has also an impact on the exports which are being witnessed on a decline. However, apart from external factors some of the major issues including energy shortages, such as gas and frequent loadshedding and of course the high tariff rates are some …
Read More »Agriculture a vital factor of economy needs more value-added exploring
No doubt, agriculture sector is a vital component of Pakistan’s economy as it offers the raw materials to down the line industries and assists inpoverty alleviation. This sector contributed 19.8 percent in GDP and it remains by far the largest employer absorbing 42.3 percent of Pakistan’s total labor force. The agriculture sector growth is contingent on favorable climate conditions. There is a strong relationship between agriculture and climate/temperature, precipitation, …
Read More »SALAM — An innovative agriculture finance option
For over 6 million Pakistani smallholders with 10 acres of land or less, financing options are very limited and preventing them from building assets over time. Most cannot or will not go to banks because doing so would require using land as collateral, repaying loans in strict monthly installments and paying penalties if payments are late. Moreover, it can be hard to find a bank close to home and, …
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