AIRLINK 208.50 Decreased By ▼ -4.32 (-2.03%)
BOP 10.18 Decreased By ▼ -0.07 (-0.68%)
CNERGY 6.87 Decreased By ▼ -0.13 (-1.86%)
FCCL 33.41 Decreased By ▼ -0.06 (-0.18%)
FFL 17.15 Decreased By ▼ -0.49 (-2.78%)
FLYNG 21.70 Decreased By ▼ -0.12 (-0.55%)
HUBC 128.20 Decreased By ▼ -0.91 (-0.7%)
HUMNL 14.00 Increased By ▲ 0.14 (1.01%)
KEL 4.78 Decreased By ▼ -0.08 (-1.65%)
KOSM 6.94 Increased By ▲ 0.01 (0.14%)
MLCF 42.85 Decreased By ▼ -0.78 (-1.79%)
OGDC 211.72 Decreased By ▼ -1.23 (-0.58%)
PACE 7.07 Decreased By ▼ -0.15 (-2.08%)
PAEL 41.55 Increased By ▲ 0.38 (0.92%)
PIAHCLA 16.73 Decreased By ▼ -0.10 (-0.59%)
PIBTL 8.53 Decreased By ▼ -0.10 (-1.16%)
POWER 8.91 Increased By ▲ 0.10 (1.14%)
PPL 183.40 Increased By ▲ 0.37 (0.2%)
PRL 39.40 Decreased By ▼ -0.23 (-0.58%)
PTC 24.75 Increased By ▲ 0.02 (0.08%)
SEARL 98.11 Increased By ▲ 0.10 (0.1%)
SILK 1.02 Increased By ▲ 0.01 (0.99%)
SSGC 41.27 Decreased By ▼ -0.46 (-1.1%)
SYM 18.35 Decreased By ▼ -0.51 (-2.7%)
TELE 8.92 Decreased By ▼ -0.08 (-0.89%)
TPLP 12.20 Decreased By ▼ -0.20 (-1.61%)
TRG 65.10 Decreased By ▼ -0.58 (-0.88%)
WAVESAPP 11.05 Increased By ▲ 0.07 (0.64%)
WTL 1.81 Increased By ▲ 0.02 (1.12%)
YOUW 4.03 Decreased By ▼ -0.11 (-2.66%)
BR100 11,859 Decreased By -7.5 (-0.06%)
BR30 35,831 Increased By 133.9 (0.38%)
KSE100 113,898 Decreased By -250.8 (-0.22%)
KSE30 35,810 Decreased By -142.3 (-0.4%)

ISLAMABAD: The Ministry of National Food Security and Research (MNFS&R) came under heavy criticism from parliamentarians, particularly agriculturalists, on Tuesday for its failure to protect the agriculture sector from the IMF’s stringent condition of ‘no subsidy/ support price.’ This condition has led to a significant reduction in the sowing areas of wheat and cotton, which will result in increased imports.

This was the central issue discussed in a meeting of the National Assembly Standing Committee on National Food Security and Research, chaired by Syed Hussain Tariq. Officials from MNFS&R acknowledged that under the recent agreement with the IMF, the government is prohibited from announcing support prices for agricultural commodities, including cotton.

Committee members, including its Chairman, expressed concerns over the substantial reduction in the sowing areas of cotton and wheat, and questioned the Ministry’s leadership in failing to persuade the Prime Minister and the Cabinet to increase sowing areas by offering better incentives.

Agri sector: Ongoing monsoon rains have positive impact so far

Secretary of MNFS&R Ali Tahir informed the Committee that an inter-stakeholder meeting had been held to address issues related to the tax on locally grown cotton, the duty-free import of cotton, problems faced by ginners, and the need to improve the quality of cotton seed. He added that all stakeholders had presented their positions, and it had been decided to hold another meeting next week to finalise recommendations.

Secretary Tahir agreed with the concerns raised by Committee members regarding the agriculture sector, specifically the reduced sowing areas of cotton and wheat. He informed the Committee that the Ministry had proposed extending the support price for cotton and wheat, but the government did not act on these recommendations. The Federal Board of Revenue (FBR) was not included in the consultations with stakeholders.

The Committee Chairman pointed out that Pakistan’s cotton production has dropped from 14 million bales to just 6 million bales, a decrease of over 200%. He compared this with global cotton production, which has risen from 8 million bales to 37 million bales, highlighting the dire situation. “We need solutions, not just discussions,” he emphasised, expressing dissatisfaction with the Ministry’s performance. Committee Member Kesoo Mal Kheal Das also criticised the Ministry’s leadership for failing to implement the Prime Minister’s vision and decisions, which, according to him, had led to the suffering of the people.

Copyright Business Recorder, 2024

Comments

Comments are closed.

KU Dec 04, 2024 09:06am
Useless n rubbish, in hands of these goblins, we are sure to see wheat, vegetable, etc., imports, for commissions they are leading country to famine. Dangerous ignorance on scarcity of water is death.
thumb_up Recommended (0)