Pakistan has missed the growth target for the agriculture sector, which grew only 3.3% against the target of 4.1% set for the ongoing fiscal year 2012-13. The growth rate is even less than last fiscal year, during which it touched 3.5%.
According to the Economic Survey of Pakistan 2012-13, the agriculture sector exhibited growth of 3.3% during 2012-13 on the back of growth in agriculture related sub-sectors. Crop production grew 3.2%, livestock 3.7%, forestry 0.1% and fishing 0.7%.
During the period, weather conditions and a creeping water crisis had an adverse impact on Kharif crops, which decreased the output of rice and cotton crops.
Cotton ginning showed negative growth of 2.9% in 2012-13, against positive growth of 13.8% during the same period last year.
The livestock sector, which has a 55.4% share in the agriculture sector, grew 3.7% in 2012-13. The fisheries sector grew only 0.7%, as against last year’s growth of 3.8%. The forestry sector also posted nominal growth of 0.1% this year, as compared to growth of 1.7% last year.
The production of lentils, onions, moong and maash decreased by 11.8%, 9.2%, 4.0% and 2.8% respectively, requiring more area to be sown in order to increase production and meet local demand. These items are used by a large segment of population as staple diet.
During 2012-13, the availability of water – an essential input for Kharif crops – was 14% less than normal supply. Similarly, water availability during the Rabi season was 12.4% lower than normal availability, but 8.5% higher than last year.
Sector-wise classification revealed that the share of non-farm sector in overall agricultural credit disbursement increased by 7% during July-March 2012-13. During the period under review, Rs131.3 billion was disbursed to the farm sector, while Rs99.7 billion was disbursed to the non-farm sector.
An amount of Rs125.6 billion or 64% was extended to the farming sector and Rs71.7 billion was disbursed to the non-farming sector during the corresponding period last year.
Livestock contributed approximately 55.4% to agricultural value addition and 11.9% to national GDP during 2012-13, against 55.3% and 11.9% during the same period last year.
Gross value addition of the livestock sector at constant cost factor has increased from Rs735 billion in 2011-12, to Rs756 billion in 2012-13, an increase of 2.9%. Meanwhile, milk production increased 3.2% and meat production rose 4.5% during 2012-13.
During the period under review, a total of 103,822 tons of fish and fishery products were exported, which earned $232.4 million, against 90,087 tons of fish and fishery products exported last year, which earned $222.6 million.
Published in The Express Tribune, June 12th, 2013.
Like Business on Facebook to stay informed and join in the conversation.
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ