INTRODUCTION= More than two thirds of the population of Pakistan lives in rural areas, and about 68% are directly or indirectly engaged in agriculture. It constitutes the largest sector and is considered to be the backbone of Pakistan’s economy. It accounts for 21% of the GDP and together with agro-based products fetches 80% of the country’s total export earnings. However, the recent trend in agriculture does not show a very good picture. After the steady growth of almost three decades, contributing substantially to poverty reduction during the 1970s and 1980s, agricultural income has shown a decline. The poverty level since 2000 is back to where it was at the beginning of the 1990s. This has happened despite favourable policies on prices and markets and a liberal environment. Though climatic hazards such as drought and floods have played an important role in the decline of the performance of this sector, there are other constraints as well which have hindered the sector’s contribution to economic growth and poverty reduction. By : #Jahanzaib
Posted on: Wed, 29 Jan 2014 17:07:13 +0000
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