ISLAMABAD: The government is open to taking into account any advice to further fortify the disbursement criterion of the agriculture package deal of Rs50 billion in view of the input and consultation of the stakeholders, finance adviser said on Monday.
“The government is willing to extend further relief to the farmers as and when required and proposed by the ministry of national food security and research for the growth of agriculture and betterment of farmers,” Shaikh stated all the way through a meeting. “The Rs50 billion agriculture package would be targeted and every attempt would be made to ensure its beneficiaries were the farmers and crop growers for whom this relief package was intended.”
Adviser to the Prime Minister on Commerce Razak Dawood, Minister for Industries and Production Hammad Azhar, Chairman Farmers Associates Pakistan (FAP) and Foreign Minister of Mehmood Qureshi, Vice Chairman FAP and Punjab Minister for Management and Professional Development Jahania Gardezi, and others had been additionally present.
The adviser said the agriculture sector has the possible in a post-COVID situation to generate employment, boost growth, alleviate poverty and reinforce food safety. He requested the management of FAP and the involved ministries to take a seat in combination in the coming days to additional fine-tune and make stronger the disbursement mechanism of the agriculture bundle and bring up some other suggestions or suggestions to further beef up the farming community and boost the agriculture sector.
Last month, the Economic Coordination Committee of the cupboard approved the multi-billion rupee agriculture aid package deal to provide subsidy to farmers on fertilisers and insecticides, relief in financial institution mark-up on agriculture loans, and sales tax subsidy on in the neighborhood manufactured tractors.
Initially, the ministry of national meals security and analysis proposed Rs56.6 billion. However, the committee asked the ministry to rationalise it as consistent with its percentage within the total Rs100 billion package introduced for the small and medium undertaking sector and the agriculture sector out of the Rs1.2 trillion coronavirus reduction bundle.
Shaikh said the government licensed the package so as to extending reduction to the farmers group and its direct disbursement to the farmers and crop growers remains a key goal of the government.
The adviser welcomed more than a few proposals and suggestions put ahead through the delegation referring to extending direct reduction to the farmers, including possible relief of electricity tariff for tube-wells, reduction of import accountability on fertilisers, relief of mark-up and waiver of agricultural loans, deregulation of the import and export of agriculture merchandise and cattle.