BAFL 45.30 Increased By ▲ 0.25 (0.55%)
BIPL 20.50 Decreased By ▼ -0.01 (-0.05%)
BOP 5.52 Decreased By ▼ -0.12 (-2.13%)
CNERGY 4.59 Increased By ▲ 0.04 (0.88%)
DFML 15.82 Increased By ▲ 0.12 (0.76%)
DGKC 74.15 Increased By ▲ 2.94 (4.13%)
FABL 27.31 Decreased By ▼ -0.09 (-0.33%)
FCCL 17.12 Decreased By ▼ -0.03 (-0.17%)
FFL 8.88 Increased By ▲ 0.33 (3.86%)
GGL 12.60 Decreased By ▼ -0.07 (-0.55%)
HBL 112.01 Decreased By ▼ -0.69 (-0.61%)
HUBC 120.50 Increased By ▲ 1.39 (1.17%)
HUMNL 7.64 Increased By ▲ 0.04 (0.53%)
KEL 3.31 Increased By ▲ 0.04 (1.22%)
LOTCHEM 27.80 Decreased By ▼ -0.05 (-0.18%)
MLCF 39.20 Increased By ▲ 0.12 (0.31%)
OGDC 108.92 Increased By ▲ 0.61 (0.56%)
PAEL 17.81 Increased By ▲ 0.06 (0.34%)
PIBTL 5.54 Decreased By ▼ -0.02 (-0.36%)
PIOC 106.20 Increased By ▲ 0.20 (0.19%)
PPL 93.30 Increased By ▲ 0.80 (0.86%)
PRL 25.01 Decreased By ▼ -0.33 (-1.3%)
SILK 1.03 Decreased By ▼ -0.04 (-3.74%)
SNGP 63.21 Decreased By ▼ -0.51 (-0.8%)
SSGC 11.89 Decreased By ▼ -0.11 (-0.92%)
TELE 8.30 Decreased By ▼ -0.16 (-1.89%)
TPLP 13.33 Decreased By ▼ -0.01 (-0.07%)
TRG 83.28 Decreased By ▼ -2.12 (-2.48%)
UNITY 26.36 Increased By ▲ 0.40 (1.54%)
WTL 1.55 Increased By ▲ 0.01 (0.65%)
BR100 6,221 Increased By 35.5 (0.57%)
BR30 21,649 Increased By 189.8 (0.88%)
KSE100 60,864 Increased By 362.5 (0.6%)
KSE30 20,335 Increased By 159.7 (0.79%)

KARACHI: Vice President of Pakistan Businesses Forum (PBF), Jahan Ara Watoo has said that this flooding coupled with an expected hike in price for raw materials has raised an alarm in the agriculture sector of Pakistan, depicting a bleak picture for the future of food security in the country.

The floods have caused a “humanitarian disaster of epic proportions”. This monsoon has left farmers in general jobless and women in particular, she said.

Jahan Ara said that farmers who travel long distances to agricultural jobs have lost those opportunities. Women’s mobility, particularly in rural Pakistan, is already difficult – and flooded roads adds to existing obstacles, leaving women facing a greater likelihood than men of losing their jobs.

She said the exact loss of livestock is not yet known. While most of the human population has been evacuated to relatively safer places, the majority of livestock were wiped away by the high velocity of water.

Crops in the flood affected regions have been destroyed. Farmers have suffered total loss in many cases. “Similarly true impact on agriculture yields will also not be known until the surviving crops if any re-emerge from accumulated rainwater”.

The regions most affected are rice and cotton growing areas of Sindh and South. Similarly mango orchards, red chilli farms of Sindh are also under the floods.

Similarly there is 85% loss in dates. The standing sugarcane crop has also suffered damage up to 7% due to floods, despite it being a high water-consuming crop, which shows the intensity of the disaster we are facing in the Sindh province, she said.

Rice and cotton crops are crucial for our economy. Rice grown in Sindh fetches over 50 percent of foreign exchange that we earn from export of rice. Cotton is the mainstay of our textile sector.

We were already producing less cotton than the requirement of our industry and consuming over $1.5 billion on its imports. Further cuts in cotton production would mean more dependence on imports at a time when we are short of foreign exchange, said the PBF leader.

Flood damages would create a cash crunch in our rural areas. Trade and industry look forward to rural areas after better harvests to dispose of their products. The demand from rural regions would be subdued this year, she said. “If policymakers of Pakistan want to meet future challenges of climate change they will have to make adaptive measures in agriculture”.

Jahan Ara also demanded from National Bank of Pakistan and Zarai Taraqiati Bank Limited (ZTBL) to write off all agriculture loans in the province of Sindh and Balochistan on immediately bases for the 2021-2022 year. In this regard notifications must be issued on priority.

However, PBF Sindh Chapter Vice Chairman Syed Faheem Ali Shah said Pakistan’s economic recovery is facing new risks after the highest rainfall in at least three decades threatens a humanitarian crisis in the world’s fifth most populous nation.

Government must pre-empt the flooding and start 3-R activities of rescue, relief and rehabilitation for flood victims. It must put a ban on export of wheat and maintain strong checks on smuggling of food to neighbouring countries to save its population from hunger and avoid harrowing situation that may bring the country close to crisis beyond its control.

Copyright Business Recorder, 2022


Comments are closed.

Floods pose food security threat to country: PBF

Intra-day update: rupee records marginal gain against US dollar

Policy envisages transformation of non-strategic SOEs

$3bn deposit: SFD extends term for one year

Israel and Hamas agree to extend temporary truce

Operation of SRO about additional tax on banks’ windfall income suspended

Defaulters’ utility connections to be cut: FBR starts serving notices with 30-day compliance time

FBR resolves Sino-Pak ‘trade gap’ issue

At the rate of Rs3.53/unit for Oct 2023: Nepra agrees to allow Discos to recover Rs32.7bn additional amount

Recycling of ships: Accession to ‘Hong Kong Convention’ approved

Defaulters of govt dues, utility bills: ECP takes major decision ahead of nomination-filing