Since the dawn of our existence, Pakistanis have been phased with,
“Agriculture is the back bone of Pakistan”
In the recent past, Pakistan celebrated a notable growth rate of 4.40%, attributed to several factors that spurred productivity across various sectors. Government-backed measures and fiscal policies played a significant role in fostering this positive trend. Access to agricultural credits, particularly for the less affluent members of the farming community, played a crucial role in enhancing overall output. Additionally, the adoption of high-quality seeds, pesticides, and fertilizers positively influenced agricultural productivity.
The crop sector, focusing on crucial exports like cotton, sugarcane, rice, and maize, displayed a robust 7.24% growth. Livestock, contributing 14.04% to the GDP, demonstrated a growth of 3.26%, while the fishing sector, with a 0.32% GDP share, experienced a growth of 0.35%, showcasing the potential for future economic contributions. Despite a slight decline in fertilizer imports, domestic production increased by 1.9%, reflecting the sector’s resilience and stability.
Overall, these growth trends across various sectors underscore the positive economic momentum and potential for future advancements in Pakistan’s economy. Although Pakistan exhibited a growth in the sector of agriculture with increase and growth in production of crops and livestock. But still, the room is still underutilized. There is the space to employ better policies, bigger investments and greater output.
Agriculture is that invisible string that binds Pakistan’s economy, politics, institutions, cultures and societies together. This cavity of our economy needs original, novel and effective ideas and policies. Short-term loans with low interest rates given to the farmers would prove to be an inducement for them. This is the area of the economy that has a huge space for investments. Also, productivity is the farmer’s income and income cannot be increased without investments.
(The information shared here is drawn from the official sources of the Government of Pakistan’s Economic Surveys of 2022 and 2023.)
