AIRLINK 127.27 Decreased By ▼ -13.48 (-9.58%)
BOP 8.68 Decreased By ▼ -0.50 (-5.45%)
CNERGY 5.72 Decreased By ▼ -0.86 (-13.07%)
CPHL 67.10 Decreased By ▼ -7.45 (-9.99%)
FCCL 39.86 Decreased By ▼ -2.99 (-6.98%)
FFL 12.21 Decreased By ▼ -1.33 (-9.82%)
FLYNG 31.40 Decreased By ▼ -3.47 (-9.95%)
HUBC 119.00 Decreased By ▼ -8.28 (-6.51%)
HUMNL 11.44 Decreased By ▼ -0.66 (-5.45%)
KEL 3.92 Decreased By ▼ -0.30 (-7.11%)
KOSM 3.94 Decreased By ▼ -0.93 (-19.1%)
MLCF 60.87 Decreased By ▼ -6.22 (-9.27%)
OGDC 179.39 Decreased By ▼ -17.24 (-8.77%)
PACE 3.99 Decreased By ▼ -0.58 (-12.69%)
PAEL 37.01 Decreased By ▼ -3.60 (-8.86%)
PIAHCLA 13.58 Decreased By ▼ -1.51 (-10.01%)
PIBTL 7.10 Decreased By ▼ -0.79 (-10.01%)
POWER 13.41 Decreased By ▼ -0.50 (-3.59%)
PPL 131.91 Decreased By ▼ -13.37 (-9.2%)
PRL 24.26 Decreased By ▼ -2.69 (-9.98%)
PTC 17.43 Decreased By ▼ -1.92 (-9.92%)
SEARL 66.65 Decreased By ▼ -7.40 (-9.99%)
SSGC 29.22 Decreased By ▼ -3.25 (-10.01%)
SYM 12.17 Decreased By ▼ -1.35 (-9.99%)
TELE 5.60 Decreased By ▼ -0.79 (-12.36%)
TPLP 6.75 Decreased By ▼ -0.90 (-11.76%)
TRG 53.13 Decreased By ▼ -5.86 (-9.93%)
WAVESAPP 7.74 Decreased By ▼ -0.97 (-11.14%)
WTL 1.10 Decreased By ▼ -0.12 (-9.84%)
YOUW 3.09 Decreased By ▼ -0.26 (-7.76%)
AIRLINK 127.27 Decreased By ▼ -13.48 (-9.58%)
BOP 8.68 Decreased By ▼ -0.50 (-5.45%)
CNERGY 5.72 Decreased By ▼ -0.86 (-13.07%)
CPHL 67.10 Decreased By ▼ -7.45 (-9.99%)
FCCL 39.86 Decreased By ▼ -2.99 (-6.98%)
FFL 12.21 Decreased By ▼ -1.33 (-9.82%)
FLYNG 31.40 Decreased By ▼ -3.47 (-9.95%)
HUBC 119.00 Decreased By ▼ -8.28 (-6.51%)
HUMNL 11.44 Decreased By ▼ -0.66 (-5.45%)
KEL 3.92 Decreased By ▼ -0.30 (-7.11%)
KOSM 3.94 Decreased By ▼ -0.93 (-19.1%)
MLCF 60.87 Decreased By ▼ -6.22 (-9.27%)
OGDC 179.39 Decreased By ▼ -17.24 (-8.77%)
PACE 3.99 Decreased By ▼ -0.58 (-12.69%)
PAEL 37.01 Decreased By ▼ -3.60 (-8.86%)
PIAHCLA 13.58 Decreased By ▼ -1.51 (-10.01%)
PIBTL 7.10 Decreased By ▼ -0.79 (-10.01%)
POWER 13.41 Decreased By ▼ -0.50 (-3.59%)
PPL 131.91 Decreased By ▼ -13.37 (-9.2%)
PRL 24.26 Decreased By ▼ -2.69 (-9.98%)
PTC 17.43 Decreased By ▼ -1.92 (-9.92%)
SEARL 66.65 Decreased By ▼ -7.40 (-9.99%)
SSGC 29.22 Decreased By ▼ -3.25 (-10.01%)
SYM 12.17 Decreased By ▼ -1.35 (-9.99%)
TELE 5.60 Decreased By ▼ -0.79 (-12.36%)
TPLP 6.75 Decreased By ▼ -0.90 (-11.76%)
TRG 53.13 Decreased By ▼ -5.86 (-9.93%)
WAVESAPP 7.74 Decreased By ▼ -0.97 (-11.14%)
WTL 1.10 Decreased By ▼ -0.12 (-9.84%)
YOUW 3.09 Decreased By ▼ -0.26 (-7.76%)
BR100 10,801 Decreased By -878.5 (-7.52%)
BR30 30,667 Decreased By -2903.9 (-8.65%)
KSE100 103,527 Decreased By -6482.2 (-5.89%)
KSE30 31,478 Decreased By -2131.3 (-6.34%)

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)