culture
The deteriorating economic situation of the country can be judged from the fact that after the industrial sector the performance of the agricultural sector has now been seriously affected and the State Bank has acknowledged that production targets of most major crops could not be achieved. Rather production of these crops will be even lower than last year.
According to the State Bank's second quarterly report, Pakistan will not be able to achieve production targets in cotton, sugarcane and rice. However, the major crop, wheat, may attain its target. The expected rise in production of major crops has been put at: cotton 9.4 percent, rice 13.6 percent and sugar cane 0.1 percent during the current financial year.
During the last financial year, rice production was 6.883 million tons which during the current financial year is likely to slide down to 5.949 million tons though the target was set at 6.048 million tons. Similarly cotton production may be down to 10.17 million from last year's 10.29 million. However, the production of sugarcane is expected to slightly go up from 40.9373 million to 40.94 million tons. Wheat is expected to achieve its stipulated target.
Agricultural experts are of the opinion that the shortage of manure and seeds and their sale in the black market are the reasons behind this fall in the agriculture sector. The crops were also affected by the weather.
According to the State Bank's second quarterly report, Pakistan will not be able to achieve production targets in cotton, sugarcane and rice. However, the major crop, wheat, may attain its target. The expected rise in production of major crops has been put at: cotton 9.4 percent, rice 13.6 percent and sugar cane 0.1 percent during the current financial year.
During the last financial year, rice production was 6.883 million tons which during the current financial year is likely to slide down to 5.949 million tons though the target was set at 6.048 million tons. Similarly cotton production may be down to 10.17 million from last year's 10.29 million. However, the production of sugarcane is expected to slightly go up from 40.9373 million to 40.94 million tons. Wheat is expected to achieve its stipulated target.
Agricultural experts are of the opinion that the shortage of manure and seeds and their sale in the black market are the reasons behind this fall in the agriculture sector. The crops were also affected by the weather.
