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Oct 30, 2023
Given that agriculture holds a prominent position on the Special Investment Facilitation Council’s (SIFC) priority list, the Ministry of Planning, Development & Special Initiatives (PD&SI) has intensified its efforts to execute multiple projects within the agriculture sector.
The “Sino-Pak Agricultural Breeding Innovations Project for Rapid Yield Enhancement” remains one of the significant programs in the agriculture sector in the country.
The Public Sector Development Program (PSDP) has allotted funds for various billion-worth projects, including the Sino-Pak Agriculture Breeding Innovations program, aiming to maximize the potential within the agriculture sector.
The purpose of the agricultural breeding innovations project for “rapid yield enhancement” is to implement innovative techniques and technologies to significantly increase agricultural yields in a short period. This project aims to improve crop productivity, quality, and resilience to various environmental stressors, ultimately enhancing food security and sustainability in the agricultural sector.
Initially approved in 2020 with an estimated cost of Rs. 433.936 million, expenditure of the project stood at Rs. 370.670 million by June 2023, with Rs. 63.266 million carried over to the current fiscal year. In PSDP 2023-24, the entire allocated amount of Rs. 63.266 million has been earmarked to conclude the project.
On Sunday, the Ministry of PD&SI asked relevant ministries to accelerate the implementations and to complete all the projects, especially at a time when SIFC took the lead and agriculture was the top priority besides the other key sectors.
SIFC was established earlier this year to attract foreign and local investments while targeting five key areas which include Agriculture, Defense Production, Mining/Minerals, Information Technology and Telecommunication, and Energy.
In 2023, the then Prime Minister of Pakistan launched “Initiatives for Green Revolution 2.0” with an estimated Rs 5000 million to address the key constraints to the productivity of agriculture.
The government emphasized on promotion of technology to reduce post-harvest losses, value addition for grain, fruits, and vegetables, productivity enhancement of major crops, engaging women and youth in agriculture, and agri-business and promoting and supporting agricultural research.
Sino-Pak Agricultural Breeding Innovations Included in Projects for Swift Completion
By Tahir AliOct 30, 2023
Given that agriculture holds a prominent position on the Special Investment Facilitation Council’s (SIFC) priority list, the Ministry of Planning, Development & Special Initiatives (PD&SI) has intensified its efforts to execute multiple projects within the agriculture sector.
The “Sino-Pak Agricultural Breeding Innovations Project for Rapid Yield Enhancement” remains one of the significant programs in the agriculture sector in the country.
The Public Sector Development Program (PSDP) has allotted funds for various billion-worth projects, including the Sino-Pak Agriculture Breeding Innovations program, aiming to maximize the potential within the agriculture sector.
The purpose of the agricultural breeding innovations project for “rapid yield enhancement” is to implement innovative techniques and technologies to significantly increase agricultural yields in a short period. This project aims to improve crop productivity, quality, and resilience to various environmental stressors, ultimately enhancing food security and sustainability in the agricultural sector.
Initially approved in 2020 with an estimated cost of Rs. 433.936 million, expenditure of the project stood at Rs. 370.670 million by June 2023, with Rs. 63.266 million carried over to the current fiscal year. In PSDP 2023-24, the entire allocated amount of Rs. 63.266 million has been earmarked to conclude the project.
On Sunday, the Ministry of PD&SI asked relevant ministries to accelerate the implementations and to complete all the projects, especially at a time when SIFC took the lead and agriculture was the top priority besides the other key sectors.
SIFC was established earlier this year to attract foreign and local investments while targeting five key areas which include Agriculture, Defense Production, Mining/Minerals, Information Technology and Telecommunication, and Energy.
In 2023, the then Prime Minister of Pakistan launched “Initiatives for Green Revolution 2.0” with an estimated Rs 5000 million to address the key constraints to the productivity of agriculture.
The government emphasized on promotion of technology to reduce post-harvest losses, value addition for grain, fruits, and vegetables, productivity enhancement of major crops, engaging women and youth in agriculture, and agri-business and promoting and supporting agricultural research.