PM Shehbaz Announces Major Reforms to Revive Pakistan’s Agriculture Sector
In a strategic move to rejuvenate Pakistan’s struggling agriculture sector, Prime Minister Shehbaz Sharif on Wednesday announced the government’s commitment to reduce taxes on agricultural inputs and encourage investment in agritech.
While chairing a high-level review meeting, the premier stated:
“Agriculture is the backbone of the country, and sustainable reforms in the agriculture sector will further boost the economy.”
Key Announcements
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Gradual reduction of taxes on agricultural machinery and equipment to encourage farm mechanisation
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No new taxes on fertilisers and agri-chemicals in the upcoming budget
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Increase in storage capacity for agricultural commodities
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Provincial governments urged to propose new projects and allocate funds for agriculture development
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Scholarship returnees from China expected to contribute to agri-entrepreneurship
A Focus on Innovation and Credit Access
The Prime Minister’s Office (PMO) issued a statement highlighting that reforms will increase per-acre productivity and help reduce production costs. During the session, the government reviewed proposals for:
Pakistan and Russia Agriculture Trade
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Improving agricultural infrastructure
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Simplifying access to agricultural credit for farmers
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Boosting income through export-oriented value addition
The National Agriculture Innovation and Growth Action Plan was also discussed. It emphasizes:
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Raising farmer incomes
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Enhancing production efficiency
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Promoting sustainable export growth and foreign exchange earnings
Inclusive Approach: Government and Private Sector Collaboration
The meeting was attended by:
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Federal Minister for Food Security Rana Tanveer Hussain
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Federal Minister for Climate Change Dr Musaddiq Masood Malik
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PM’s Chief Coordinators for Agriculture
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Private sector agribusiness entrepreneurs
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Senior officials from various government departments
Final Thoughts
The government’s focus on agricultural tax relief, agritech, infrastructure, and export potential signals a significant policy shift aimed at revitalising one of Pakistan’s most crucial economic pillars. These reforms, if implemented effectively, can pave the way for long-term food security, rural development, and enhanced global competitiveness.
