AIRLINK 194.83 Decreased By ▼ -3.14 (-1.59%)
BOP 9.81 Decreased By ▼ -0.23 (-2.29%)
CNERGY 7.36 Increased By ▲ 0.07 (0.96%)
FCCL 38.58 Increased By ▲ 2.58 (7.17%)
FFL 16.45 Decreased By ▼ -0.46 (-2.72%)
FLYNG 27.54 Increased By ▲ 2.50 (9.98%)
HUBC 131.75 Decreased By ▼ -2.28 (-1.7%)
HUMNL 13.86 Decreased By ▼ -0.28 (-1.98%)
KEL 4.66 Decreased By ▼ -0.12 (-2.51%)
KOSM 6.66 Decreased By ▼ -0.28 (-4.03%)
MLCF 45.39 Increased By ▲ 0.41 (0.91%)
OGDC 213.99 Decreased By ▼ -4.24 (-1.94%)
PACE 6.86 Decreased By ▼ -0.08 (-1.15%)
PAEL 40.06 Decreased By ▼ -1.36 (-3.28%)
PIAHCLA 16.79 Decreased By ▼ -0.07 (-0.42%)
PIBTL 8.32 Decreased By ▼ -0.14 (-1.65%)
POWER 9.43 Increased By ▲ 0.04 (0.43%)
PPL 182.19 Decreased By ▼ -3.74 (-2.01%)
PRL 41.83 Increased By ▲ 0.56 (1.36%)
PTC 24.56 Decreased By ▼ -0.21 (-0.85%)
SEARL 102.53 Decreased By ▼ -2.12 (-2.03%)
SILK 1.00 Decreased By ▼ -0.01 (-0.99%)
SSGC 39.44 Decreased By ▼ -1.47 (-3.59%)
SYM 17.33 Decreased By ▼ -0.72 (-3.99%)
TELE 8.76 Decreased By ▼ -0.15 (-1.68%)
TPLP 12.75 Decreased By ▼ -0.09 (-0.7%)
TRG 65.40 Decreased By ▼ -1.20 (-1.8%)
WAVESAPP 11.11 Decreased By ▼ -0.19 (-1.68%)
WTL 1.70 Decreased By ▼ -0.08 (-4.49%)
YOUW 3.94 Decreased By ▼ -0.06 (-1.5%)
BR100 11,988 Decreased By -121.3 (-1%)
BR30 36,198 Decreased By -400.2 (-1.09%)
KSE100 113,443 Decreased By -1598.8 (-1.39%)
KSE30 35,635 Decreased By -564.3 (-1.56%)

Various representative bodies of farmers, agriculturists and transporters have criticised Rs 3.5 per litre increase in the diesel prices, and said it will hit hard the fragile economy. Talking to Business Recorder here on Tuesday, President of Kisan Board, Pakistan, Sardar Zafar Hassan, said the increase had affected more than 70 percent population of the country directly or indirectly.
He said there were about one million diesel-operated agriculture tubewells in the country. "Since there is 35 to 40 percent shortage of ground water for sowing the coming Rabi crops, this increase in diesel oil prices would, therefore, have negative effect on cost of agriculture products," he added.
President of Pakistan Agri Forum Ibrahim Moghal was blunt in saying "the increase in diesel prices was the second bomb shell of the present regime on the agrarian economy after last week's huge hike in power tariff." He said the agriculture sector used two billion litres of diesel annually on running tubewells, tractors, thrashers and other agriculture implements, therefore, this increase had further burdened the economic lifeline of the country by about rupees eight billion.
He said after about 30 percent increase in power tariff, the government had already made use of 175,000 tubewells run on electricity, which was uneconomical for pumping the underground water for irrigating the crops.
He said the agrarian economy was based on five Ts, ie tractor, tubewell, truck, train and transport. "By increasing the diesel oil price, despite 40 percent decrease in the international oil prices, the government had hit all the five Ts," he added.
Mughal wondered how the government would increase agriculture production and solve the food crisis when it increased the diesel oil prices by Rs 3.5 per litre, electricity tariff by 30 percent, and 100 percent increase in fertiliser prices in black market and other agriculture inputs. He demanded of the government to offer a package of incentives to the farmers for sowing the coming Rabi crop, including wheat, barleys, sunflower, grams, mustard and other oilseeds for sustainable agriculture growth.

Copyright Business Recorder, 2008

Comments

Comments are closed.