Agriculture Republic lauds Climate Change Authority in federal budget

The recent federal budget has garnered mixed reactions from stakeholders in the agriculture sector. Agriculture Republic, a prominent agricultural think tank, has commended several initiatives outlined in the budget, signaling potential benefits for the industry.

One of the key highlights of the budget is the establishment of a Climate Change Authority, which has been welcomed by Agriculture Republic. The Authority is expected to address the challenges posed by climate change on agriculture by identifying vulnerabilities and proposing mitigation strategies.

Another positive development is the allocation of Rs 5 billion towards promoting mechanization in agriculture. This funding aims to enhance agricultural productivity by supporting the procurement of essential equipment like planters, tractors, and harvesters.

The budget's emphasis on improving the water sector and electricity generation has also been viewed favorably. These measures are anticipated to indirectly benefit agriculture by ensuring better water availability for farming activities.

However, concerns have been raised regarding the lack of clarity on the imposition of GST on the agriculture sector. While the budget includes provisions for aquaculture and domestic solar systems, the ambiguity surrounding GST remains a point of uncertainty.

In contrast, representatives from Pakistan Kissan Ittehad and Kissan Board Pakistan have expressed disappointment over the budget's limited focus on agricultural research and the modest allocation of Rs 5 billion for the sector. They stress the importance of increased research funding and support for farmers amidst rising input costs and challenges faced by the farming community.

The reactions to the recent federal budget within the agriculture sector reflect a range of perspectives. While some stakeholders appreciate the proposed measures such as the Climate Change Authority and funding for mechanization, others express concerns over the lack of emphasis on research and support for farmers. Moving forward, it will be crucial for policymakers to address these varied viewpoints and strive for a balanced approach that supports the sustainable growth of the agriculture sector.