Falling export of textile products

Falling export of textile productsTHE textile industry has been hit by falling export trend. Most of the exporters seem to be nervous which has raised alarm bells for the country’s economic managers. Pakistan is facing tough competition from China, India and Bangladesh. Exports of textile products were down by 7.10 per cent to $1.625 in July-August as compared to the same month last year. And yarn export is increasing vis-a-vis ap

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Punjab farmers unhappy over cane prices

Punjab farmers unhappy over cane pricesTHE government has finally given in to the pressure of the powerful lobby of sugar millers, who are heavily represented in the Parliament as well as in the federal cabinet and conceded most of the demands, the industry had put forward as a pre-condition for starting cane crushing. While accepting the industry’s demands, the government has itself violated the Cane Act by allowing the millers to delay

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Farmers' package: all depends on implementation

Farmers' package: all depends on implementationFirst came the Economic Survey and then the Budget for the year 2004-5. Policy declarations, speeches and statements of the President of Pakistan , the Governor of the State Bank and the federal finance minister aimed at providing facilities to and enhancing productivity of the agriculture sector preceded these documents. The leaders focused on the farming community with the purpose of amelioratin

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Agriculture in focus but professionals missing

Agriculture in focus but professionals missingAlthough agriculture's contribution to the national economy has fallen from 53 per cent at the time of Independence to 24 per cent now, it still provides employment to 44 per cent of the labour force. However its share in the federal budget expenditure of 2003-04 was 1.12 per cent. As a result of this inadequate allocation and mismanagement of agricultural sector last year a disappointing growth r

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Who cares for the small farmer

Who cares for the small farmerPoverty alleviation is a hot current subject attracting attention at all levels - national and international. There is no dearth of official pronouncements in this regard. Recently, President General Musharraf announced a package for farmers and this was reflected in the Federal Budget for 2004-5. A close examination of the package shows that it has much for big farmers but, in effect, nothing for

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Changing priorities in farm sector

Changing priorities in farm sectorACCORDING to the State Bank’s Annual Report, agriculture sector showed dismal performance in the last fiscal. The share of this sector in the total GDP growth has been further marginalised. This happened despite the provision of subsidies and better credit supplies. Some quarters have rightfully voiced their concerns regarding further investment in this sector — they are against big water reservoirs.

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Poverty-related projects face closure

Poverty-related projects face closureThe Asian Development Bank’s (ADB) total loan commitment to Pakistan since commencement of its operations in 1968 and up to December 31, 2006, comprised 239 public sector loans amounting to $16.3 billion. The sectoral composition of this assistance was: 21.5 for energy sector, 20.9 for the agriculture/natural resources, 13.2 per cent for finance sector, 11.3 for transport/communications, 9.4 for m

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Subsidy to benefit rich farmers

Subsidy to benefit rich farmersThe subsidy for the agriculture sector announced by the government in the budget for the current fiscal year aims at increasing farm output but does not attack rural poverty. Though most view the subsidy on farm inputs as an official effort to please the powerful feudal lobby in an election year, they tend to agree that it will have a positive impact on the farm output and result in a better avera

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Issues in agricultural pricing

Issues in agricultural pricingAGRICULTURAL pricing is a subject of lively debate. It has evoked divergent views, ranging from a forceful advocacy of support prices for key agricultural commodities and subsidies for major inputs to complete liberalisation of prices and reliance upon the market mechanism to achieve efficiency and competitiveness. Successful integration with the international economy has also been considered an i

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