Agricultural Packages worth Rs 110 billion disclosed by PTI. As well as a nearly 80% rise in lending to Rs2.7 trillion in the next three years. To significantly improve the agricultural reforms of Pakistan.
Chairman of the Prime Minister’s Task Force on Agriculture Jamshed Iqbal Cheema. Agricultural packages of Rs 110 billion disclosed by PTI officials, Fawad Chaudary. The center and the provinces would fund 50:50.
Mr. Cheema said the federal government will be allocating approximately Rs25-30 billion in the coming budget for the first year, with the exact amount to be announced once appropriate approvals are received. He said he introduced the proposal to the prime minister, who approved it before appointing him as his special assistant for food security (SAPM).
The agriculture sector contributed Rs1.1 trillion to the rural economy this year, which attributed to inflationary factors.
According to the SAPM, cows in Australia and the United States produce 25 and 35 liters of milk per day. In Pakistan, 4-5 liters would be increased to 15 liters per day for three years. By introducing imported exotic semen for milk and meat production. As a result, milk production will rise from around three million tones now to 30 million tones in seven years, generating more than Rs300 billion in annual income for farmers.
Over the next three years, this initiative would entail an Rs30 billion investment. The semen injection costs Rs 5,000 per unit, given away for free or at a low cost, resulting in a calf worth Rs 50, 000 on the first day on the farm. Farmers’ income will rise from Rs10 trillion today to Rs18 trillion in seven years as a result of this.