Pakistan PM announces $3.2 billion package for farm sector

[Imran Khan]

Pakistan PM announces $3.2 billion package for farm sector
By Reuters

Published: 12:22 GMT, 15 September 2015 | Updated: 12:22 GMT, 15 September 2015

• By Asad Hashim
  
  ISLAMABAD, Sept 15 (Reuters) - Pakistani farmers will receive $3.2 billion in grants, subsidies and loan advances from the government, Prime Minister Nawaz Sharif announced on Tuesday, in a bid to spur sluggish growth in one of the country's main economic sectors.
  
  The new schemes represent the government's largest economic development programme for the agricultural sector since it was voted into office in 2013.
  
  The funds will be provided through immediate cash grants and subsidies on agricultural inputs worth $1.4 billion, while loan advances worth $1.85 billion will also be made and disbursements begin this year, he said.
  
  "The conditions of the agricultural sector do not inspire confidence," Sharif said as he announced the new package at a farmers' convention in Islamabad.
  
  The reforms and grants will primarily target small farmers, classified as those with holdings of 12.5 acres (5.1 hectares) or less.
  
  The package includes immediate cash grants for rice and cotton farmers, cuts in fertiliser prices, and a government scheme to pay insurance premiums for farmers who cannot afford them.
  
  It also includes collateral guarantees for loans, and tax breaks for the dairy, poultry and fish farming sectors.
  
  Agriculture accounts for roughly 23.8 percent of Pakistan's gross domestic product, according to the country's central bank. Wheat, cotton, rice, sugarcane and maize being its main crops. (Editing by Clarence Fernandez)
  
  
  Read more: Pakistan PM announces $3.2 billion package for farm sector | Daily Mail Online
  Follow us: @MailOnline on Twitter | DailyMail on Facebook

 

[Dubious]

Pakistan PM announces $3.2 billion package for farm sector
By Reuters

Published: 12:22 GMT, 15 September 2015 | Updated: 12:22 GMT, 15 September 2015

• By Asad Hashim
  
  ISLAMABAD, Sept 15 (Reuters) - Pakistani farmers will receive $3.2 billion in grants, subsidies and loan advances from the government, Prime Minister Nawaz Sharif announced on Tuesday, in a bid to spur sluggish growth in one of the country's main economic sectors.
  
  The new schemes represent the government's largest economic development programme for the agricultural sector since it was voted into office in 2013.
  
  The funds will be provided through immediate cash grants and subsidies on agricultural inputs worth $1.4 billion, while loan advances worth $1.85 billion will also be made and disbursements begin this year, he said.
  
  "The conditions of the agricultural sector do not inspire confidence," Sharif said as he announced the new package at a farmers' convention in Islamabad.
  
  The reforms and grants will primarily target small farmers, classified as those with holdings of 12.5 acres (5.1 hectares) or less.
  
  The package includes immediate cash grants for rice and cotton farmers, cuts in fertiliser prices, and a government scheme to pay insurance premiums for farmers who cannot afford them.
  
  It also includes collateral guarantees for loans, and tax breaks for the dairy, poultry and fish farming sectors.
  
  Agriculture accounts for roughly 23.8 percent of Pakistan's gross domestic product, according to the country's central bank. Wheat, cotton, rice, sugarcane and maize being its main crops. (Editing by Clarence Fernandez)
  
  
  Read more: Pakistan PM announces $3.2 billion package for farm sector | Daily Mail Online
  Follow us: @MailOnline on Twitter | DailyMail on Facebook

Instead of giving funds they should give tax incentives as done in Europe....depending on how much the farmers produce or put in....irrespective of the natural disasters (drought and floods)...

What govt should really do is invest in research to improve crop roots to withstand floods and/or drought!

india has been doing it for a while pata nai ganjay ka damagh kub khulay ga!

 

[!eon]

The reforms and grants will primarily target small farmers, classified as those with holdings of 12.5 acres (5.1 hectares) or less.

How long they will continue this. Everybody knows where these funds always disappear.

 

[Imran Khan]

How long they will continue this. Everybody knows where these funds always disappear.

kisaan ko ziada pesy nhi dety nhi to wo kam nhi kerta

 

[Areesh]

By Asad Hashim

I think this is the same Asad Hashim that gave solace and comfort to this bharati @Assault Rifle

 

[!eon]

Instead of giving funds they should give tax incentives as done in Europe....depending on how much the farmers produce or put in....irrespective of the natural disasters (drought and floods)...

What govt should really do is invest in research to improve crop roots to withstand floods and/or drought!

india has been doing it for a while pata nai ganjay ka damagh kub khulay ga!

They are doing this purposefully. Their political allies will use these funds. This is very old game. I have been seeing this since my childhood.

kisaan ko ziada pesy nhi dety nhi to wo kam nhi kerta

Ab to halat yah hain kh zameen apna khracha bhi mar mar ky pura krti hy.

 

[Dubious]

They are doing this purposefully. Their political allies will use these funds. This is very old game. I have been seeing this since my childhood.


Ab to halat yah hain kh zameen apna khracha bhi mar mar ky pura krti hy.

well half of the parliament is filled with zameendar so obviously the money isnt going where it should!

 

[Sipahi]

Instead of giving funds they should give tax incentives as done in Europe....depending on how much the farmers produce or put in....irrespective of the natural disasters (drought and floods)...

What govt should really do is invest in research to improve crop roots to withstand floods and/or drought!

india has been doing it for a while pata nai ganjay ka damagh kub khulay ga!

Bhai Pakistan tou tax free hai zameendaron k liye aur kya karain hm

 

[Dubious]

Bhai Pakistan tou tax free hai zameendaron k liye aur kya karain hm

well then why is the production low?

 

[!eon]

Bhai Pakistan tou tax free hai zameendaron k liye aur kya karain hm

Pahli baat yah kah yah bhai nahni bahn he
or bhai is main sary zameendaron ko to na raghro. Only political zameendar. baki to mare parey hain.

 

[Sipahi]

well then why is the production low?

Production is not low, Govt. set the lowest buying price for Wheat or sugar cane but they won't buy on that rate too. Kissan zaleel hota hai Pakistan mein ... aik tou wo fasal lagaye phir wo beechne k liye bhi dosron ki mintain kare

Pahli baat yah kah yah bhai nahni bahn he
or bhai is main sary zameendaron ko to na raghro. Only political zameendar. baki to mare parey hain.

Acha
Aho

 

[<ScRipT>.<3DiT>]

Pakistan PM announces $3.2 billion package for farm sector
By Reuters

Published: 12:22 GMT, 15 September 2015 | Updated: 12:22 GMT, 15 September 2015

• By Asad Hashim
  
  ISLAMABAD, Sept 15 (Reuters) - Pakistani farmers will receive $3.2 billion in grants, subsidies and loan advances from the government, Prime Minister Nawaz Sharif announced on Tuesday, in a bid to spur sluggish growth in one of the country's main economic sectors.
  
  The new schemes represent the government's largest economic development programme for the agricultural sector since it was voted into office in 2013.
  
  The funds will be provided through immediate cash grants and subsidies on agricultural inputs worth $1.4 billion, while loan advances worth $1.85 billion will also be made and disbursements begin this year, he said.
  
  "The conditions of the agricultural sector do not inspire confidence," Sharif said as he announced the new package at a farmers' convention in Islamabad.
  
  The reforms and grants will primarily target small farmers, classified as those with holdings of 12.5 acres (5.1 hectares) or less.
  
  The package includes immediate cash grants for rice and cotton farmers, cuts in fertiliser prices, and a government scheme to pay insurance premiums for farmers who cannot afford them.
  
  It also includes collateral guarantees for loans, and tax breaks for the dairy, poultry and fish farming sectors.
  
  Agriculture accounts for roughly 23.8 percent of Pakistan's gross domestic product, according to the country's central bank. Wheat, cotton, rice, sugarcane and maize being its main crops. (Editing by Clarence Fernandez)
  
  
  Read more: Pakistan PM announces $3.2 billion package for farm sector | Daily Mail Online
  Follow us: @MailOnline on Twitter | DailyMail on Facebook

zimindaar kha jayen gay ye sab tu

kisaan k liye kia kiya hay ye batao

 

[Dubious]

Production is not low, Govt. set the lowest buying price for Wheat or sugar cane but they won't buy on that rate too. Kissan zaleel hota hai Pakistan mein ... aik tou wo fasal lagaye phir wo beechne k liye bhi dosron ki mintain kare

Well then the problem lies in the typical system!

I read about it felt nauseous for a day then decided to just ignore the sector it is more screwed up than anything!

2ndly, the kissan / farmer is really a sad case coz he is usually illiterate and doesnt know of all the incentives and paths he is offered while those working under the landlord suffer the same! A govt person is supposed to be appointed as middle man....


They have all these schemes where they have what you call an agricultural officer who is supposed to be the middle guy between the farmers and the govt. Who is supposed to be a bechalors pass.....but what people in such positions do (not knowing what their job is) is hire poor underpaid people and ask them to go to the field....now without expertise these underpaid untrained and low paid people dont get the job done! - TOTALLY messed up! No way research can make its way to the farmers in this way!

Is it me or did the price just go up while being introduced?

PM Sharif announces Rs341bn relief package for farmers

ISLAMABAD: Prime Minister Nawaz Sharif on Tuesday announced a comprehensive Rs341 billion relief package for farmers, with special cash relief for cotton and rice cultivators.

Addressing a gathering of farmers at the Jinnah Convention Centre, the prime minister said he felt the pain of peasants and farmers and wanted to announce the relief package without any delay.

“The package we are giving to farmers is not a favour rather it is incumbent upon the government to do so. We want to lessen your pain,” said he addressing the representatives of the farmers.

He said that, with the cooperation of provincial governments, farmers will be provided Rs5,000 per acre of land, totaling an amount of Rs40 billion.

He announced that the price of fertilizer would be reduced by at least Rs 500 per bag. He also announced that interest-free loans would be given out to farmers to convert tube-wells to solar energy.

He said the government has spent Rs 1 billion to acquire land for Bhasha Dam, adding that the relief package for formers exceeds Rs 1 billion. Prime Minister Nawaz Sharif also announced steps to enhance the per acre yield of the agro product.

He said that, under the relief package, a fund of Rs20 billion would be setup to cut the prices of fertilizers. The package would provide a reduction in the services charges including fertilisers, pesticides, power for tubewells and tractors price.

“Neither there was electricity and gas nor any peace in the country, Karachi too was miserable before our government assumed charge of the country with ailing economy,” he said.

He said that Pakistan's economic indicators were improving while the international organiations were also expressing confidence in the country.

“This is not what the government is claiming instead this is what the world is saying now,” he added.

He said that all the "big projects" in Pakistan were inaugurated by the Pakistan Muslim League-Nawaz.

The prime minister said that Pakistan also witnessed progress in the field of defense besides the economic front.

He said that he had refused to accept a package of five billion US dollars offered to prevent Pakistan from carrying out nuclear tests.

"Had there been anybody else, they would have considered the offer as opportunity to make money. We are not here to make money, rather we spend money from our own pockets," he said.

The prime minister also announced exemption from income tax for farmers producing fruits, vegetables and grains.

PM Sharif announces Rs341bn relief package for farmers | PAKISTAN - geo.tv


Sadly he isnt educated enough to have invested that sum into research to produce better and more efficient crops!

 

[xyxmt]

Instead of giving funds they should give tax incentives as done in Europe....depending on how much the farmers produce or put in....irrespective of the natural disasters (drought and floods)...

What govt should really do is invest in research to improve crop roots to withstand floods and/or drought!

india has been doing it for a while pata nai ganjay ka damagh kub khulay ga!

i dont think their is anything called taxes on farm output.

 

[Dubious]

i dont think their is anything called taxes on farm output.

Yea sad truth I guess...

There should be tax on landlords who have more than 1 farm under them anyone controlling too much IS rich enough to pay taxes!