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Rs 341 billion package for farmers announced by Prime Minister

Sep 16, 2015

Prime Minister Nawaz Sharif has announced a Rs 341 billion relief package for farmers with a direct cash assistance to rice and cotton growers, subsidy on fertilizer and electricity and tax relief on import of machinery. While unveiling the package here on Tuesday at a Kissan Convention, the Prime Minister stated that agriculture sector in Pakistan had been facing difficult situation due to natural calamities and fluctuation in commodity prices in the international market; therefore the government had prepared a relief package to provide support to farmers in difficult times. The government has also announced establishment of Rs 20 billion fund to be equally contributed by federal and provincial governments to provide a Rs 500 per bag subsidy on each fertiliser bag.  The government would also provide a Rs 5,000 cash support per acre to growers having up to 12.5 acres land, which would also involve a financial implication of Rs 20 billion. (BR)

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