Dar re­views agri­cul­ture re­lief pack­age progress Sub­sidy on fer­tilis­ers to be joint fed­eral, pro­vin­cial pack­age for farm­ers

Pakistan Observer - - ECONOMY WATCH - MIAN AR­SHAD

Cur­rency Sell­ing Buy­ing ISLAMABAD—The pro­vin­cial and fed­eral govern­ments, Satur­day, agreed to pro­vide sub­sidy on fer­til­iz­ers an­nounced in the fed­eral bud­get through a joint Fed­eral and Pro­vin­cial pack­age for farm­ers. In this re­gard a high level meet­ing was held here with Finance Min­is­ter Ishaq Dar in the chair to dis­cuss the modal­i­ties for im­ple­men­ta­tion of re­lief mea­sures for agri­cul­ture sec­tor an­nounced in the Bud­get 2016-17. The meet­ing dis­cussed in de­tail the sub­sidy on fer­til­iz­ers an­nounced in the bud­get and the mech­a­nism for its dis­burse­ment.

The de­tailed modal­i­ties in this re­gard were dis­cussed and agreed. The meet­ing also dis­cussed other agri­cul­ture re­lated mea­sures and de­cided to con­tinue close li­ai­son and co­or­di­na­tion for coun­try wide im­pact on the agri­cul­ture sec­tor. Finance Min­is­ter Sen­a­tor Mo­ham­mad Ishaq Dar chaired a meet­ing to dis­cuss the modal­i­ties for im­ple­men­ta­tion of re­lief mea­sures for agri­cul­ture sec­tor an­nounced in the Bud­get 2016-17. Fed­eral Min­is­ter for Na­tional Food Se­cu­rity and Re­search, Pro­vin­cial Finance and Agri­cul­ture Min­is­ters of Pun­jab and Sindh and se­nior of­fi­cials of rel­e­vant min­istries par­tic­i­pated in the meet­ing.

The Finance Min­is­ter stated that the gov­ern­ment had given due pri­or­ity to the agri­cul­ture sec­tor in the bud­get. He hoped that the mea­sures an­nounced by the Fed­eral Gov­ern­ment will be com­ple­mented by the Pro­vin­cial Govern­ments with a view to en­sure that the de­cline in agri­cul­tural growth is re­versed and the sec­tor achieves a healthy growth rate in ac­cor­dance with its po­ten­tial.

He re­ferred to the de­crease in fer­til­izer prices by the in­dus­try and stated that it was made pos­si­ble af­ter lengthy ne­go­ti­a­tions with the man­u­fac­tur­ers. He urged on the Pro­vin­cial govern­ments to con­tinue with a spirit of co­op­er­a­tion for the pro­mo­tion of the vi­tal agri­cul­ture sec­tor. Pro­vin­cial Min­is­ters wel­comed the mea­sures an­nounced by the Fed­eral Gov­ern­ment and stated that the Pro­vin­cial govern­ments were equally keen to pro­vide sup­port to the farm­ers who had been fac­ing a dif­fi­cult sit­u­a­tion due to fall­ing com­mod­ity prices and high cost of in­puts.

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