Federal budget 2016-17: Rs 1,520.521 million allocated for uplift of agriculture sector

BusinessFederal budget 2016-17: Rs 1,520.521 million allocated for uplift of agriculture sector

ISLAMABAD, Pakistan: The government has allocated Rs 1,520.521 million for the development of agriculture sector under its Public Sector Development Programme (PSDP) for the financial year 2016-17.

According to the budget document released here Friday, the government has allocated Rs 1,245 million for the completion of 19 on-going projects and 275 million for six new schemes in the agriculture sector.

An amount of Rs 200 million has been allocated for the National Pesticides Resides Residues Monitoring System in Pakistan – a project of Pakistan Agricultural Research Council (PARC), besides allocating Rs 50 million for Indigenization of Hybrid Seed Production for Enhanced Crop Production (Islamabad).

In the PSDP 2016-17, the government has allocated Rs 100 million for strengthening/up-gradation of Agricultural and Zone Research Institute, Umerkot, Sindh.

To strengthening/up-gradation of Agriculture and Livestock Research System and Arid Zone Research Institute, Rs 100 million are earmarked.

Similarly, Rs 273 million are also allocated for the upgradation of Arid Zone Research Institute (AZRI) to the level of AZRC and establishment of a new demonstration institute.

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