AGL 6.80 Increased By ▲ 0.06 (0.89%)
ANL 9.40 Increased By ▲ 0.08 (0.86%)
AVN 81.40 Increased By ▲ 0.95 (1.18%)
BOP 5.44 Increased By ▲ 0.03 (0.55%)
CNERGY 5.06 Increased By ▲ 0.10 (2.02%)
EFERT 82.60 Increased By ▲ 2.69 (3.37%)
EPCL 58.50 Increased By ▲ 2.17 (3.85%)
FCCL 15.63 Decreased By ▼ -0.24 (-1.51%)
FFL 6.53 Increased By ▲ 0.18 (2.83%)
FLYNG 8.55 Increased By ▲ 0.25 (3.01%)
GGGL 10.22 Increased By ▲ 0.14 (1.39%)
GGL 16.59 Increased By ▲ 0.33 (2.03%)
GTECH 8.73 Increased By ▲ 0.25 (2.95%)
HUMNL 6.54 Increased By ▲ 0.15 (2.35%)
KEL 3.05 Increased By ▲ 0.07 (2.35%)
LOTCHEM 29.40 Increased By ▲ 0.51 (1.77%)
MLCF 28.65 No Change ▼ 0.00 (0%)
OGDC 76.30 Increased By ▲ 1.80 (2.42%)
PAEL 16.40 Increased By ▲ 0.27 (1.67%)
PIBTL 5.76 Increased By ▲ 0.11 (1.95%)
PRL 17.52 Increased By ▲ 0.54 (3.18%)
SILK 1.16 Decreased By ▼ -0.03 (-2.52%)
TELE 11.40 Decreased By ▼ -0.05 (-0.44%)
TPL 8.19 Increased By ▲ 0.19 (2.38%)
TPLP 22.24 Increased By ▲ 0.89 (4.17%)
TREET 23.60 Increased By ▲ 0.50 (2.16%)
TRG 145.90 Increased By ▲ 1.99 (1.38%)
UNITY 23.23 Increased By ▲ 0.22 (0.96%)
WAVES 11.70 Increased By ▲ 0.10 (0.86%)
WTL 1.59 Increased By ▲ 0.02 (1.27%)
BR100 4,241 Increased By 61.1 (1.46%)
BR30 16,514 Increased By 312.6 (1.93%)
KSE100 42,089 Increased By 477.9 (1.15%)
KSE30 15,858 Increased By 253.4 (1.62%)
Follow us

According to State Bank of Pakistan (SBP) Second Quarterly Report on the “State of Pakistan’s Economy for FY21” “Within agriculture, most of the major Kharif crops performed better than last year, this improvement was attributed mainly to increases in their areas under cultivation. The government’s support package for Rabi crops, comprising subsidies on key inputs, and an increase in the support price for wheat, are likely to bolster the overall crop sector growth. However, cotton exerted a drag on the overall agricultural performance, as the revised production estimate of 7.7 million bales represented the lowest output since FY86. Nonetheless, due to better output of other crops, the overall agriculture sector is expected to register positive growth”.

Unfortunately, however, the country is likely to miss cotton production target of 10.5 million bales. The reasons behind this grim outlook are high input costs including fertilizers, diesel, tractors and pesticides. Water shortages also constitute a major hurdle to cotton growth prospects. The government, in my view, is required to examine the entire situation at the earliest with a view to initiating some remedial steps.

Shahjahan Bukhari (Rajanpur)

Copyright Business Recorder, 2021

Comments

Comments are closed.