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Agri sector records 2.9pc growth

byCustoms Today Report
22/06/2015
in Business
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ISLAMABAD: The country’s agriculture sector has witnessed 2.9 percent growth during 2014-15 as compared to 2.7 percent last year.

According to the document, during the corresponding period, crops witnessed a growth of 1.0 percent, livestock 4.1 percent, forestry 3.2 percent and fishing 5.8 percent. The agriculture’s crop sub-sector component which includes important crops, other crops and cotton ginning showed growth of 0.3 percent, 1.1 percent and 7.4 percent respectively.

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Important crops, which carry great significance by having a share of 25.6 percent in agricultural value addition, has experienced a meager growth of 0.3 percent in fiscal year 2014-15 against 8.0 percent during the same period of last year on account of revised production estimates of wheat crop.

The important crops such as cotton and rice production recorded positive growth of 9.5 percent and 3.0 percent respectively. Other crops contributed 11.1 percent in value addition of agriculture recorded an increase of 1.1 percent during 2014-15 against negative growth of 5.4 percent during the same period last year that is due to increase in production of pulses, vegetables and fruits which recorded positive growth of 13 percent, 2.5 percent and 0.9 percent respectively on account of better water availability, more fertilizer offtake and relief in prices of agriculture inputs and enhanced availability of agriculture credit.

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