Food security should be top priority: FPCCI Chief

Business Nov, 12 2022
Food security should be top priority: FPCCI Chief
  • 207
  • 0

Karachi: Irfan Iqbal Sheikh President FPCCI said that after neglecting agriculture for 75 years, time has come to make food security Pakistan’s top priority. Business community welcomes Prime Minister’s Kissan Package but at same time, cautioned that devil lies in transparent, fair and effective execution of package announcing a package is not enough as there have been many unsuccessful agricultural packages in history of Pakistan, he added. 

In given circumstances, earmarking Rs 1.8 trillion for Kissan Package is step in right direction. Soaring food prices is single most debilitating factor in an ordinary man’s life and that is reason Pakistan ranks one of lowest in food security and one of highest in malnutrition and growth stunting. 

FPCCI has established specialised standing committees on agriculture, food security, water resources, climate change, livestock and dairy farming at central and regional levels to help government in policymaking in larger national interest. 

Flood hit areas should be prioritized, farmers be offered collateral-free loans, electricity bills of flood-affected farmers should be waived for at least 3 months, government should make it clear to IMF and other international donors that there will be no reduction in announced agricultural package, food storage, food processing and food export businesses should also be given subsidised loans under package. 

Published in The Daily National Courier, November, 12 2022

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.

NC Big Stories

Justice Shah relinquishes role as SC's administrative judge

ISLAMABAD: The Supreme Court's senior puisne judge, Justice Mansoor Ali Shah, has relinquished from the position of a SC administrative judge, yesterday. It has emerged that Justice Mansoor refused to sign regular administrative documents that were h...

OVER INVOLVEMENT IN MAY 9 RIOTS

RAWALPINDI: Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan's nephew Hassan Khan Niazi is among 60 more "culprits" sentenced by the military court for their involvement in the May 9 riots, the military's media wing said yesterday. "The Field Genera...

Pak Army major martyred, 13 terrorists killed: ISPR

RAWALPINDI: A Pakistan Army major embraced martyrdom while 13 terrorists were killed during three separate operations in Khyber Pakhtunkhwa, the military's media wing said yesterday. An intelligence-based operation was conducted on the reported prese...

Pak-China partnership key to regional stability: PM

ISLAMABAD: Prime Minister Shehbaz Sharif emphasised the enduring and pivotal strategic partnership between Pakistan and China, calling it "an anchor of regional stability" and "a beacon of hope for global peace and prosperity." Speaking at a ceremony...

More like this
Related

SBP to remain closed on Wed, December 25

KARACHI: The State Bank of Pakistan (SBP) announced on Monday that it will remain closed on Wednesday, December 25, 2024, in observance of Quaid-e-Azam Day and Christmas. In a statement, the central bank confirmed the closure in line with the public...

FBR updates password policy

KARACHI: The Federal Board of Revenue (FBR) has announced changes to its password policy, aiming to enhance the security of users' credentials. Under the new policy, users will be required to change their passwords every 60 days to maintain maximum...

KSE-100 surges by over 4,400 points

KARACHI: A significant surge in buying activity was observed at the Pakistan Stock Exchange (PSX) on Monday, as the KSE-100 Index jumped over 4,400 points, marking the second largest single-day point increase. The positive momentum lasted throughout...

IFC, local banks to finance $52.2mln for tyre production in Pakistan

KARACHI: The International Finance Corporation (IFC), a member of the World Bank Group, alongside a consortium of Pakistani banks including HBL, Meezan Bank, Bank Alfalah, and Habib Metropolitan Bank, will provide up to $50.2 million in financing to...
Need Help? Chat with us