Belarusian companies visit ICCI to explore development of business cooperation - Fnni.org

Belarusian companies visit ICCI to explore development of business cooperation - Fnni.org

Islamabad (FNNI) A delegation of Belarusian big companies led by Mr. Vladimir Ulakhovich, Chairman, Belarusian Chamber of Commerce and Industry visited Islamabad Chamber of Commerce and Industry to explore development of business and economic cooperation with Pakistan More »

Google’s DeepMind Is Improving Its Human Speech Abilities

Google’s DeepMind Is Improving Its Human Speech Abilities

With the growing use of virtual personal assistants such as Google assistant, Apple’s Siri, Microsoft’s Cortana and Amazon’s Alexa, AI speech itself as well as the language it uses is becoming more and more important. Currently, More »

Nats’ Stephen Strasburg Relieved by Elbow Diagnosis

Nats’ Stephen Strasburg Relieved by Elbow Diagnosis

WASHINGTON — He isn’t out of the woods yet, but Washington Nationals ace Stephen Strasburg is already breathing a sigh of relief after arm troubles knocked him out of his first start back from injury. More »

CM FELICITATES PAKISTANI CRICKET TEAM-Fnni.org

CM FELICITATES PAKISTANI CRICKET TEAM-Fnni.org

LAHORE ( FNNI ) CM Punjab M. Shehbaz Sharif has felicitated Pakistani cricket team on winning the second one-day match and the series against West Indies. In a message of felicitation, the CM said that Babar Azam played an important role in the victory in the second one-day match and deserve credit for his second consecutive century. More »

Turkish delegation visits ICCI to explore business collaborations- Fnni.org

Turkish delegation visits ICCI to explore business collaborations- Fnni.org

Islamabad (FNNI ) A delegation of MUSIAD visited Islamabad Chamber of Commerce and Industry led by Vice Chairman for Fair, Forum and Organization Commission Omur Yildiz and discussed possibilities for further enhancing business collaborations between the private sectors of Turkey and Pakistan. More »

 

Focused credit policies on value addition coupled with maximization of per Acer yield: Engineer Ahmed Hassan – Fnni.org

FAISALABAD (FNNI) Focused credit policies on value addition coupled with maximization of per Acer yield for small land holders is imperative to make the profession of tillage profitable particularly in the backdrop of fast squeeze cultivable land around main cities of the Punjab province, said Engineer Ahmed Hassan Vice President Faisalabad Chamber of Commerce and Industry (FCCI).

He was talking to media persons here today after attending a review meeting of the agriculture credit advisory committee of the state bank of Pakistan in Multan.

He said that predominantly Pakistan is an agrarian economy which is included among top 10 countries producing cotton, rice, sugarcane, maize, milk, fresh vegetables and many exotic varieties of fruits. He said that despite this ecological diversity edge, we bitterly failed to add value to these important crops which have resulted in eroding the financial viability of small landholders in addition to encouraging migration from rural to the urban centers.

Continuing, he said that agriculture sector has played an important role in the development of national economy since independence. “This sector had contributed around 19.8% towards the national GDP in 2015 in addition to providing employment to 42.3% labor force of Pakistan”, he said and added that despite the economic importance of this sector, agriculture in Pakistan continues to face many problems including low crop yield, high wastages, low-value addition due to the use of primitive technology and farming methods.

He suggested that our banking sector needs to formulate agriculture finance policies with the aim of achieving higher value addition and an increased use of modern technology and practices. He further said that special financial services and incentives need to be given to those farmers and entrepreneurs who are aiming to improve the technology being used in local farms and are inclined to focus on improving their efficiency in the given circumstances.

“Our banking sector should give out soft loans and credit to entrepreneurs looking to set up model farms through technology transfer from other countries like Turkey and China”, he said and added that there are many opportunities for our agriculture sector in CPEC, and that banking sector should also design special policies to promote joint ventures between Pakistani and Chinese entrepreneurs in the agriculture sector.

He also underlined the need to address the bias in our agriculture finance policies towards small landholders and those who do not own any land. He further said that banking sector should look after the marginalized farmers and analyze their financial constraints and needs in particular.

He said that an analysis needs to be carried out regarding the socio-economic factors which prevent such farmers from gaining access to the credit lines and based on these analysis banks would be able to design better products for these farmers.

He further said that the designing of better agriculture finance policies will not only help us to improve our agriculture production and exports but also discourage migration from rural to urban centers that have limited resources of employments, health, education and accommodation facilities etc.

Engineer Ahmed Hasan said that by designing these agriculture finance policies we could bring about economic development in our rural areas and lessen pressure on urban centers.

He further said that FCCI is also working to increase membership from the agriculture sector and support new ventures in this area and in this connection our R & D department was also undertaking an out research program regarding the opportunities for improvement in our agriculture sector.

 

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