Ministry discussed proposal to do away with GIDC on fertilizers | CustomNews.pk

Ministry discussed proposal to do away with GIDC on fertilizers

ISLAMABAD: The consultative meeting of the Ministry of Planning and Development took up a proposal to do away with Gas Infrastructure Development Cess (GIDC) on fertilizers especially urea, and to provide relief to farmers through provision of subsidy on agriculture inputs. Federal Minister for Planning, Development & Reform & Statistics Division Makhdum Khusro Bakhtyar laid special emphasis on developing and modernizing agriculture sector in the next five year plan. Minister was chairing a consultative meeting on Agriculture Sector Development here at Islamabad on Tuesday, Press Information Department PID reported. He stated that both short and long term strategies will be devised in consultation with all stakeholders to harness the potential that this crucial sector offers to enhance agriculture growth and its contribution to the country’s GDP. Minister said that agriculture sector was neglected in the last plan and its growth remained dismal during the last five years which is evident from the fact that almost all targets in this area were missed. He underlined that the progress of agriculture sector provides a sound base for economic development and the present government is paying special attention on agriculture development by focusing on improving its key sectors including livestock and fisheries. He added that yield of major crops like cotton, wheat, sugarcane and rice will be enhanced by adopting best irrigation and farming practices, efficient water management and quality agriculture inputs. "Livestock and fisheries sectors also offer great export potential that will be harnessed to boost the country’s exports," stated the Minister. Khusro Bakhtyar noted that research and development and innovative farming practices remained the most neglected areas adding that special resources will be allocated for these purposes to uplift the agriculture sector. He said that PSDP will be reviewed in consultation with all the provincial governments with regard to irrigation and agriculture sector needs in order to boost agricultural productivity. It may be mentioned here that during the recent visit of Prime Minister Imran Khan to China, an MoU was signed on November 03, 2018 in the field of agriculture to strengthen and promote technology transfer, trade facilitation, scientific and technical cooperation between the two countries. The first meeting of Joint Working Group on Agriculture will be convened next month to work out modalities and way forward to expand and broaden the scope of cooperation to the mutual benefit of Pakistan and China. Khusro Bakhtyar said that development of agriculture sector will also help in poverty reduction as a large number of country’s population was linked with this primary section.
What is your view on this ? Let us know in the comments section
Ad
More