Agriculture sector records 2.9% growth in FY2014-15

June 6, 2015 Off By Web Desk

KARACHI: During fiscal year 2014-15, the overall performance of agriculture sector recorded a growth of 2.9 percent compared to the growth of 2.7 percent during last year due to positive growth in all related agriculture sub sectors.

Crops witnessed a growth of 1.0 percent, Livestock 4.1 percent, Forestry 3.2 percent and Fishing 5.8 percent.

According to new Pakistan Economic Survey 2014-15, the griculture’s crop subsector component which includes important crops, other crops and cotton ginning showed growth of 0.3 percent, 1.1 percent and 7.4 percent, respectively. Important crops carry great significance by having a share of 25.6

percent in agricultural value added has experienced a meager growth of 0.3 percent in fiscal year 2014-15 against growth of 8.0 percent during the same period of last year on account of revised production estimates of wheat crop.

The important crops performance remained weak as only cotton and rice production recorded positive growth of 9.5 percent and 3.0 percent, respectively while sugarcane, maize and wheat production recorded a negative growth of 7.1 percent, 5.0 percent and 1.9 percent, respectively with respect to last year estimates. Other crops contributed 11.1 percent in value addition of agriculture recorded an increase of 1.1 percent during 2014-15 against negative growth of 5.4 percent during the same period last year that is due to increase in production of pulses, vegetables and fruits which recorded positive growth of 13.0 percent, 2.5 percent and 0.9 percent, respectively against the negative Box-I: Vision 2025 Pakistan Vision 2025 envisages seven priority areas of action termed as Pillars and the Pillar IV is titled as Water, Energy and Food Security. It envisages vision and road map for future growth and development of Food and Agriculture sectors along with allied subsectors.

Pakistan Vision 2025 recognizes that sufficient, reliable, clean and cost-effective availability of energy, water and food – is indispensable in ensuring sustainable economic growth and development. These key sectors have suffered historically from severe failings of integrated policy and execution. Meeting this challenge has been further complicated due to the severe impact of ongoing climate change. However, we are proud to have a renewed national consensus on committing major new investments, through unprecedented public and private sector collaboration, to bridge very large gaps that threatened the wellbeing and progress of our country. While investments to ensure the needed additional supply are being made in creating and encouraging a culture of conservation and efficiency in the usage of energy and water.

Pakistan Vision 2025 seeks a Pakistan where all people, at all times, have physical and economic access to sufficient, safe and nutritious food to meet their dietary needs and food preferences for an active and healthy life. Pakistan Vision 2025 envisages food security in the context of the entire supply-chain from production, processing, storage and distribution to consumption.

Top 5 objectives for achieving food security are to: Protect the most food-insecure segments of the population through effective relief measures, including long-term arrangements and adaptation mechanisms. Create a modern, efficient and diversified agricultural sector – aligned with associated water and energy infrastructure – that can ensure a stable and adequate provision of basic food supplies for the country’s population, and provide high quality products to its industries and for export. Optimize production and supply mix in line with current and projected needs by leveraging our unique strengths. Ensure that the entire supply-chain related to food security is geared towards provision of stable and affordable access to adequate, nutritious and safe food for a healthy life. Use the resource base in an efficient and sustainable manner – with outcome based benchmarks agreed in line with regional and global standards.