Lower Production, Higher Demand
Per capita availability of agricultural land and irrigation water is declining in Pakistan: ADB
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The prices of farm inputs in Pakistan such as fertilizers, pesticides, farm machinery, and diesel have experienced a tremendous hike. This has led to high cost of production and consumers complaining about the rising prices of commodities.
A recent report by the Asian Development Bank has highlighted that population growth, urbanization, and industrialization, are shrinking the availability of arable land. Consequently, the per capita availability of arable land and irrigation water is declining, while demand for food and industrial raw materials is on the rise.
On the other hand, climate change and recent floods are raising concerns for farmers and those dealing with the development of agriculture and food production in Pakistan.
GRAPHIC OF THE DAY
Flash flooding in Pakistan has aggravated previously high levels of food insecurity, out of the total crops damaged due to floods, 76% were in Sindh followed by Punjab (14%)
INSTAGRAM POST
Foreign Direct Investment in Pakistan (August 2022) decreased by 11.9% compared to August 2021 and increased by 87.9% compared to July 2022 — www.instagram.com
⚫ On a year-on-year basis net FDI decreased by 11.9%
⚫ On a month-on-month basis net FDI increased by 87.9%
⚫ Sector-wise, the power sector attracted the highest net FDI of USD 49.8 million during August 2022, followed by Financial Business with USD 23 million and Communication Sector with USD 14.4 million
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