Livestock accounts for around 12% for the Gross Domestic Product. PHOTO: LCCI
LAHORE: Lahore Chamber of Commerce and Industry (LCCI) President Abdul Basit said Saturday that the government should develop supportive policies for the livestock sector which has the potential to lead the process of economic revival.
According to Basit, Pakistan’s economy was based on agriculture and the livestock sector is a significant part of it. “There is huge potential in the livestock sector, but it is operating primarily in the informal economy and not contributing to the national economy,” he said. “The dairy farming sector in Pakistan should be revamped along modern lines to tap its huge potential.”
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The LCCI president also said that the country is the fourth largest milk producer in the world with an annual production of over 40 billion litres. He added that livestock accounts for around 12% for the Gross Domestic Product and its value is higher than all the agricultural products including major, minor crops and fruits and vegetables.
Published in The Express Tribune, April 30th, 2017.
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