LAHORE - The Punjab's agriculture sector could generate extra revenue of over Rs 100 billion if agricultural inputs are provided on controlled and subsidized rates.
Chairman LCCI's Standing Committee on Agriculture Jawaid Saleem Qureshi told APP here Wednesday. He said that reduced prices of agriculture inputs could encourage farmers to increase production as a result the national economy and the consumers both would be benefitted.
"The subsidy allocated for the agriculture sector could be utilized to provide cheaper fertilizers, pesticides and other inputs to the farmers," he said.
He suggested that a task force to deal with the regulatory and marketing issues of the agriculture sector should be formed by the government.
At present farmers are not using required quantity of pesticides and fertilizers because of their high prices. He said that the GST on pesticides and fertilizers should either be withdrawn or recovered from the amount of the subsidy for agriculture.
The LCCI chairman added that it would enable the farmers to use required quantity of these inputs as a result the production would boost and the country would take get its outcome.