The Economic Coordination Committee (ECC) in its meeting held under the chairmanship of adviser to the PM on finance at Islamabad on May 13, 2020 approved Rs56.6 billion to provide farmers subsidy on fertilizers, reduction in mark-up on agriculture loans, subsidy on cotton seed, white fly pesticides and sales tax subsidy on locally-manufactured tractors. Under this package as prepared by the Ministry of National Food Security and Research in consultation with stakeholders, subsidy to the tune of approximately Rs37 billion would be offered to farmers on the purchase of fertilizers.
It merits a mention that the fertilizer share in cost of production for major crops was around 10 to 15 percent and the provision of subsidy would reduce the cost of production for farmers and increase their affordability to adopt the recommended level of fertilizer nutrient use and best agricultural management practices. Similarly, under this package, reduction in mark-up of agriculture loans to farmers, subsidy on cotton seed and White Fly pesticides were also approved.
Khan Faraz
Peshawar
Pakistan is expected to receive yet another loan package from the IMF. The IMF presents itself as an organization that...
Street crimes, vehicle and mobile snatching and target killing have become the norm in Karachi. According to security...
The FPSC has released the list of candidates recommended for appointment to the post of Executive Engineer , MES,...
While Karachi University is a hub of learning, it grapples with significant infrastructural challenges, notably in...
Following the visit by an IMF team last month, Pakistan was granted another $1.1 billion under the country’s...
Students and skilled individuals are vital assets for any country. Facilitating and retaining students and skilled...