Agri uplift tied to availability of cheap credit


Islamabad: [Nov 13]

The Pakistan Economy Watch (PEW) on Sunday said availability of cheap credit can accelerate development of agricultural sector and ensure food security.


Getting finances through informal as well as formal sources is a worldwide phenomenon in the rural areas but many nations are trying to facilitate farmers through cheap credit to improve their standard of living, it said.


However, Pakistan lags behind as farming communities still prefer informal financial sources to formal financial markets to obtain loans that are costly but easily accessible, said Dr. Murtaza Mughal, President of the PEW.


Provision of affordable financial resources can facilitate agriculture growth by improving productivity which will promote the overall economic growth by supporting the other

critical sectors, he said.


Dr. Murtaza Mughal said that relationship between finances and development is evident thence farmers cannot be left of the mercy of informal lenders.


He said that government must pay attention to agri-reforms, encourage R&D, design new products for rural population and pay attention to rising input costs to stimulate agricultural growth.


Financial institutions should provide affordable loans to farmers that will automatically create demand for financial services in rural areas opening new window of opportunity, he said.


Government and State Bank should revisit the financial reforms to improve the efficiency of agriculture sector after studying the structure of the economy not forcefully implemented by international financial institutions.


Province of Punjab deserves attention which produces around 70 % of the wheat, 80 % of cotton, 50 % of sugarcane, 40 % of rice, over 70 % of the buffaloes and 50 % of the cattle.


Dr. Murtaza Mughal said that enormous growth opportunities exist in this sector; all that is required is a right approach.


Otherwise, he warned, people will remain insecure despite 25 %of cultivable land and one of the finest irrigation systems of the world.



Dr. Murtaza Mughal

Cell:  0321-5157671

President Pakistan Economy Watch

Recent Activity:
Tariq Khattak, Islamabad, Pakistan.
GSM = 0300-9599007 and  0333-9599007

Thanks for participating.
Kindly suggest improvements.
Please let us know:
I.      If you want to receive individual emails
II.      Receive one mail with all activity in it
III.      Do not want to receive any mail at all

1) Please directly contact sender for personal/individual correspondence.
2) Try to discuss issues that will catch attention of many readers.
3) Please avoid sending messages in any language other than English
4) Avoid sending messages addressed to many recipients.
5) Do not send messages aimed at personal publicity.
6) Please do not send personal/other links unless necessary.
7) The Group is not obliged to publish printed news,
very short/long comments and objectionable material.
8) Every mail cannot be published; it will overload Mailboxes
of our valued members.
9) Try to Disagree Without Being Disagreeable, Unsympathetic and/or Unpleasant.


Please note that,
It is a common platform for journalists and all others who are interested in knowing about the issues that are sometimes not reported. This group favours philosophy of progress, reform and the protection of civil liberties. Please share and educate others. The owners and managers of this site do not necessarily agree with any of the information. It is an open forum; everyone is allowed to share anything. Mails sent by members and non-members are subject to approval. However, we are not responsible in any way for the contents of mails / opinion sent by members. We do not guarantee that the information will be completely accurate. (Nor can print and electronic media). If you find content on this site which you feel is inappropriate or inaccurate, incomplete, or useless you are most welcome to report it or contradict it.
Thanks a lot.

Stay on top of your group activity without leaving the page you're on - Get the Yahoo! Toolbar now.