Pakistan doubts the agricultural policies after boosting edible oil imports
Islamabad: The State Bank of Pakistan recorded $ 2 billion 81 million, paid by Pakistan for edible oil imports during the initial nine months of this fiscal year that represented a 31% increase from the previous period.
The agricultural nature of Pakistan requires billions of dollars annually to buy edible oil from other countries which indicate improper domestic agricultural strategies. The government as a result of its negligent behavior coupled with unintentional approach obstructs the oil producing sector development in the country where suitable weather conditions exist.
The total agricultural growth reached only 1.6 percent during this fiscal year according to official records whereas last year the growth stood at 6.2 percent. Experts recommend that the government should concentrate on growing soybean along with sunflower and canola selection to decrease the need for edible oil imports substantially.
Agricultural development requires standard seeds and agricultural facilities along with suitable marketing opportunities that will draw farmers to participate in this sector. The national increase of oil-bearing crops through cultivation remains essential for lowering edible oil import expenditures.
