Budget (2021-22) and Agriculture Sector

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Agriculture Sector has been a dominating contributor to Pakistan’s economy since independence. The performance of this sector has witnessed significant decline due to political, climate, social and environmental problems. Lack of advancement and technology has further deteriorated the situation. To strengthen Pakistan’s economy and for poverty alleviation, the agriculture sector holds centrality in Pakistan. It plays crucial role in Pakistan’s economy; its contribution to Gross Domestic Product (GDP) is 21% with an average annual growth of 2.7%. Moreover, 44% of labour force is linked with agriculture sector and 62% of the rural population relies on this sector for livelihood. Given the fact that agriculture sector of Pakistan has manifold roles which include poverty alleviation, economic growth, industrial development and food security, Pakistan is striving to lift growth of its agriculture sector. The current government, under the leadership of Imran Khan, is giving special importance to the agriculture sector.  To address Pakistan’s food security woes and turn the country into a net food exporter, the government has earmarked Rs12 billion for the agriculture sector in next fiscal year 2021-22. Out of the Rs12 billion, Rs1 billion has been allocated for tackling the locust threat while another Rs2 billion has been set aside to enhance the output of different crops such as rice, wheat, cotton, sugarcane, and pulses. Apart from this, Rs1 billion will be utilised to increase commercial sowing of olives. In addition, the government will use Rs3 billion for the overhaul and improvement of waterways. While presenting the budget, Mr. Tarin said, “The country lacks cutting-edge technology, and the National Agriculture Emergency Programme will help transform the agriculture and livestock sector on modern grounds”.

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