• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Trending:
  • Kashmir
  • Elections
Saturday, June 6, 2026

Daily Times

Your right to know

  • HOME
  • Latest
  • Iran-Israel war
  • Gilgit Baltistan Election
  • Pakistan
    • Balochistan
    • Gilgit Baltistan
    • Khyber Pakhtunkhwa
    • Punjab
    • Sindh
  • World
  • Editorials & Opinions
    • Editorials
    • Op-Eds
    • Commentary / Insight
    • Perspectives
    • Cartoons
    • Letters to the Editor
    • Featured
    • Blogs
      • Pakistan
      • World
      • Lifestyle
      • Culture
      • Sports
  • Business
  • Sports
  • E-PAPER
    • Lahore
    • Islamabad
    • Karachi

APP

Govt plans to spend Rs 53.5 billion on agricultural development: Fakhar Imam

Published on: June 29, 2021 3:17 AM

Federal Minister for National Food Security and Research, Syed Fakhar Imam on Monday said the government has planned to spend Rs 53.5 billion this year 2021-22 on agricultural development and reforms to enhance the agriculture growth in the country.

The government has earmarked Rs 12 billion for the agriculture sector in the budget 2021-22, and apart from this, negotiations are underway with the Ministry of Finance for additional Rs 25 billion and Rs 16.5 billion for development in various areas of this potential sector, Syed Fakhar Imam said this while addressing the National Assembly session here.

The Minster said, in order to increase research development in the agricultural sector, we need to pay more attention to agricultural universities for modernizing the agriculture curriculum in the country.

Further enhancement of research in the agricultural sector, especially the adoption of seed quality and other technologies is top priority of the government, he said.

Syed Fakhar Imam said that agriculture was the backbone of the country’s economy, as the growth of 38 percent of Gross Domestic Product (GSP) and 19 percent of the country’s employment generation were related to this sector.

He said that agriculture had a huge future all over the world and the government was committed to meet the global and regional standards in the sector.

The Minister said the Prime Minister Imran Khan has given due importance to agriculture and during COVID -19 pandemic, the government has provided a huge incentive to the farmers. This is a paradigm shift in the agriculture sector; the government is committed to enhance the productivity in the agriculture sector through the use of innovative approaches and modern technology in this sector, he expressed.

The Minster said the government has imported some wheat in the past and now has planned to maintain, ‘Strategic Reserve’ of different food grains to use in crisis situations. “We need top scientists to introduce scientific reforms in the agriculture sector to achieve the agenda of food security in the country. Now the government has a long, medium and short term plan to achieve self reliance in food to enhance the food exports”, he said.

Syed Fakhar Imam said that cotton was a major commodity for value addition in the textile sector for providing raw material for the main exporting textile sector depending on the production of the cotton adding that Pakistan was on the way to research seeds in different crops and in this regard, the government wanted to enhance the capacity of our universities and research organization.

He said that now regional and global competitors in cotton production, who are heading the cotton production in the world, are using modern technology for enhancing production. Pakistan needs to use innovation and technology in four major crops production, including wheat, rice, maize and sugarcane to enhance the production in the agriculture sector.

He said the government is working on organic farming in the pattern of European Union which has made tremendous success in organic farming, adding that the government has decided to promote soybeans in the country by cultivating it in Khyber Pakhtunkhwa(KPK) province.

Meanwhile, the National Assembly has approved two ‘Demands for Grants’ worth Rs 25.13 billion relating to the Ministry of National Food Security and Research for the next fiscal year 2021-22 and also rejecting all 142 Cut Motions moved by the Opposition parties to reduce developmental expenditures for various projects and schemes.

Parliamentary Secretary Finance, Zain Hussain Qureshi moved the Demands for grants one-by-one in the House, chaired by Speaker Asad Qaiser who allowed maximum lawmakers from the Opposition benches to argue in favor of their Cut Motions.

Filed Under: Pakistan

Submit a Comment




Primary Sidebar




Latest News

Alexander Zverev eases past Jakub Mensik in French Open semifinals

Taylor to face Pili in Croke Park farewell

FIFA bans vuvuzelas from World Cup stadiums

France brush off Ivory Coast loss, call it timely World Cup reminder

Legendary boxer Muhammad Ali’s 10th death anniversary observed

Pakistan

JAAC declared proscribed party ahead of AJK polls on July 27

Fixed tax scheme for small retailers launched to raise Rs 50bn annually

Govt cuts petrol price by Rs 4 per litre, keeps diesel’s unchanged

Bilawal promises GB voters with land and job rights

Iran declares support for Hezbollah with wider peace deal in doubt

More Posts from this Category

Business

SBP’s ‘Go Cashless’ campaign saw Rs 34bn in digital transactions on Eid

Short-term inflation down by 0.56%

Saudi-Pak Business Council shows interest in infrastructure investment

‘Govt, allies united in efforts to craft people-centric budget’

Rupee records gain against US dollar

More Posts from this Category

World

CENTCOM space post signals wider US military footprint

US official delivers Trump’s “good hello” to Putin

NASA lifts ISS evacuation alert after leak

More Posts from this Category




Footer

Home
Lead Stories
Latest News
Editor’s Picks

Culture
Life & Style
Featured
Videos

Editorials
OP-EDS
Commentary
Advertise

Cartoons
Letters
Blogs
Privacy Policy

Contact
Company’s Financials
Investor Information
Terms & Conditions

Facebook
Twitter
Instagram
Youtube

© 2026 Daily Times. All rights reserved.

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.