Massive relief for agri sector to boost economy: Dar


ISLAMABAD, June 4 (APP): Minister for Finance Senator Muhammad Ishaq Dar Saturday said the government had announced massive relief for agriculture sector in the fiscal budget 2016 17 which would boost the national economy.

The government was committed to revive agriculture sector as it was enhancing the Gross Domestic Product (GDP) of the country. Some 70 per cent population of the country was dependent on this sector, he said while talking to Pakistan Television (PTV).

The minister said the government had decreased the prices of fertilizer from Rs 1,800 to Rs 1,400 with effect from July

1. The prices of DAP fertlizer had also decreased, he added.
He said the provinces had been fixing the prices of wheat and
sugarcane and now the federal government wanted to fix their prices with the consensus of provinces. The government had given full attention to the agriculture sector, he added.

The minister said he had directed to decrease interest
on agricultural loan by two per cent. The government was focusing to increase GDP growth, he maintained.

Ishaq Dar said the relief had been provided in this budget
in poultry, livestock and dairy sectors.

He said that foreign investors had been showing keen interest to invest in Pakistan. Mega investment had been witnessed in public sector. Investment was a key factor to increase the gross domestic product (GDP) growth, he added.

Dar said there was a dire need to improve microfinance to provide job opportunities to the people.

He said the PML N government had strengthened the national economy due to its prudent policies. It had allocated hefty amount to provide better facilities in education and health sectors.

With the efforts of the incumbent government, tax net was being broadened, he said.

The government after coming into power, he said, had launched a number of power projects to overcome energy shortage in the country while duration of load shedding had already been reduced.

To a question, he said prices of petroleum products were low if compared with any country of the region while consumption of the products had also increased due to low prices.