Prime Minister Shehbaz Sharif has launched a new initiative offering soft agricultural loans under a public-private partnership model to support farmers and modernize Pakistan’s farming sector. Chairing a high-level meeting on agricultural reforms in Islamabad, the PM stressed that economic revival depends on sustainable growth in agriculture.
Focus on Loan Accessibility
Sharif directed authorities to urgently implement reforms in Zarai Taraqqiati Bank. The goal is to ensure transparent and easy access to low-interest loans for farmers, particularly small landholders. He emphasized that these financial tools would be the foundation of broader agricultural reforms.
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Reform Strategy and Provincial Coordination
The prime minister called for close coordination between federal and provincial governments. He instructed relevant departments to devise short- and long-term strategies for reform. These plans should enhance storage capacity, promote agricultural zoning, and introduce value chain systems to boost exports.
Sharif urged the use of modern technologies tailored to local needs, saying, “Reforms must be inclusive, benefiting small farmers first.”
Agriculture Innovation and Action Plan
Officials presented an “Agriculture Innovation and Growth Action Plan,” which aims to raise farmer incomes, increase productivity, and streamline sectoral reforms. The strategy focuses on digitization, mechanization, infrastructure improvement, and building a business-friendly regulatory environment.
Sharif also emphasized livestock reform alongside crop production as part of a holistic approach to rural development.
Investment in Future Growth
The upcoming Public Sector Development Programme (PSDP) will prioritize agricultural projects, with emphasis on tech adoption and value-added solutions. Proposals were also reviewed to develop secure, long-term storage systems for commodities across the country.
Surge in Remittances
On a separate note, the prime minister celebrated record remittance inflows, which reached $38.3 billion in FY2024–25 — an $8 billion increase from the previous year. He praised overseas Pakistanis for their trust and contribution, calling it a sign of economic stability and effective government policy.
The meeting concluded with a renewed commitment to long-term agricultural transformation as a path to national prosperity.
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