Livestock sector posts 3.76 percent growth in 2017-18

ISLAMABAD, Apr 26 (APP):Livestock sector in the country grew by 3.76 percent during the on-going fiscal year as compared the corresponding period of last year.
According the Economic Survey of Pakistan 2017-18, livestock have share of 58.92 percent in agriculture and 11.11 percent in national GDP, grew by 3.76 percent compared to 2.99 percent
during corresponding period last year.
The fishing sector have share of 2.10 percent in agriculture value addition and 0.40 percent in
GDP, grew at 1.63 percent compared to growth of 1.23 percent in same period last year, it added.
Forestry sector having share of 2.09 percent in agriculture and 0.39 percent in GDP posted a
positive growth of 7.17 percent against the negative growth of 2.37 percent recorded in
same period last year due to higher timber production reported by Khyber Pakhtunkhwa.
Poultry meat production for the year 2017-18 was to the tune of 1.39 million tons, which
contributed 32.7 percent of the total meat (4.3 million tons) production in the country.
During 2017-18, the poultry has contributed 1.4 percent in GDP, while its contribution in agriculture
and livestock value added stood at 7.5 percent and 12.7 percent, respectively.
The poultry value added at current factor cost has reached to Rs 175.5 billion (2017-18) from Rs 162.8
billion (2016-17) showing an increase of 7.8 percent compared to the same period last year.
The commercial layer, breeders and broiler stocks showed estimated growth of 7.0 percent,
5.0 percent and 10 percent respectively while rural poultry developed at the rate of 1.5 percent when compared to 2016-17.