Short and long term policies being developed to improve the agricultural sector: Cheema – Pakistan

Pakistan

Acting to strengthen the production of palm oil, wheat and cotton: Minister

July 05, 2022
1:41 p.m.

ISLAMABAD (Dunya News) – National Food Security Minister Tariq Bashir Cheema said short and long term policies are being developed to improve the agricultural sector.

At a press conference in Islamabad on Tuesday, he said unprecedented relief had been given to farmers in the budget. He said that we have abolished the sales tax on tractors while no duty has been increased on fertilizers.

He said that we are working to strengthen the production of palm oil, wheat and cotton.

He said the support price for wheat will be announced before it is planted while the intervention price for cotton will also be announced soon taking into account the international price to encourage farmers to grow the two crops on more land. He said that we are also working to improve the production of palm oil to save the precious currencies currently spent on its importation.

The Minister for National Food Security said the Prime Minister had given special instructions to convert 1.2 million agricultural tube wells to solar. He said that this project would be financed by banks and farmers would get loans on easy installments. He said it will help farmers get free electricity.

Tariq Bashir Cheema said the government will reach an agreement with China to improve the buffalo breed.

The minister said Pakistan will export one million metric tons of rice to Iran under a barter deal.

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