Pakistan’s agribusiness sector is vital to the economy, but it faces several challenges that hamper its growth and potential at various nodes of the agricultural value chain, an expert at the National Agricultural Research Center (NARC) said, reports WealthPK.
The expert, who asked not to be named as he was not authorized to speak, said that the delays in seed approval, limited investment by the private sector and inefficient market practices have hindered the development of these important sectors and it is important to address them to unlock their full potential. of the area.
“Unnecessary delay in approving new seed varieties by the Federal Seed Certification and Registration Department (FSCRD) hampers innovation. This process should be accelerated, introduction of improved varieties and encouraged to increase agricultural productivity.”
“Limited private sector involvement in the seed market affects innovation and access. Encouraging private sector investment can lead to research and development to improve the availability of quality seeds and agricultural practices,” he said.
The expert said, ‘There is a need to increase productivity through hybrid crops. For example, the introduction of hybrid maize has shown significant yield. Expanding the use of hybrid seeds and promoting other high-yielding crop varieties can increase productivity and meet growing demands.”
He further said, “A large part of the agricultural produce remains unprocessed, which limits the export potential. Investments in improved processing technology for milk, fruits, vegetables and meat can increase product value, increase exports and generate huge economic returns.”
“Investment in plant and animal breeding technology is important for the progress of agriculture. Prioritizing targeted research and development efforts can lead to improved crop varieties, higher yields and improved animal breeds,” said a NARC official.
“Promoting branding and labeling in input-output markets can add to the reputation of Pakistani agricultural products. This can create opportunities to increase exports, as high-quality products gain recognition in international markets.”
“Providing loans at low interest rates for setting up processing units can encourage investment and facilitate the growth of agriculture-based exports. Accessible financing mechanisms can enable farmers and agribusinesses to adopt modern processing techniques and improve production value.
“With targeted efforts and supportive policies, Pakistan can build a strong and prosperous agriculture sector that will contribute significantly to the economic development of the country,” he added.
news source (www.nation.com.pk)
