Farm sector lacks efficiency, global competitiveness

STAFF REPORT IBD: Despite having immense potential, the agriculture sector of Pakistan lacks efficiency and global competitiveness, causing dent to self-sufficiency in production of various farm produces, said Asad Umar, Chairman Pakistan Business Council while speaking to members of Agricultural Journalists’ Association (AJA).
In his presentation on ‘Agriculture – a mainstay of Pakistan’s economy’ Asad Umar said that production of various farm products has been as low as 90 per cent if compared with the global benchmark.
The sugarcane yield is 40 per cent lower if compared with global benchmarks, wheat yield is 20 per cent lower, non-basmati Rice yield is 40 per cent lower, cotton yield is 20 per cent lower and milk yield per animal is 90 per cent lower, he said.
Pakistan, which has been dubbed as a ‘great bread basket’ is struggling due to these factors and is now increasingly becoming an importer of a large number of agri-commodities.
At the same time, Umar said, Pakistan agriculture sector also faces huge post-harvest losses of 40-80 per cent if compared with global benchmark.
Similar case is with agriculture credit facilities, farm mechanisation and availability of water, he said and adding these structural problems need to be addressed.

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