Democracy, Financial Allocation Amid Institutional Relevance Necessary For Quality Agriculture

The second day of 34th Annual General Meeting (AGM) and Conference of Pakistan Society of Development Economists (PSDE) Thursday commenced with four parallel technical sessions mulling over significant issues of "Agriculture and Climate Change", "Export, Trade and Industry", "Labor Market Dynamics" and "Fiscal, Monetary Policy and Debt Management".

ISLAMABAD, (UrduPoint / Pakistan Point News - 13th Dec, 2018 ) :The second day of 34th Annual General Meeting (AGM) and Conference of Pakistan Society of Development Economists (PSDE) Thursday commenced with four parallel technical sessions mulling over significant issues of "Agriculture and Climate Change", "Export, Trade and Industry", "Labor Market Dynamics" and "Fiscal, Monetary Policy and Debt Management".

The session titled "Agriculture and Climate Change" insisted on the importance of democracy for agriculture efficiency, the need for financial allocation for forestation, drought monitoring across Agro-climatic zones of Pakistan, and relevance of institutional quality for agriculture.

The session also enlightened the listeners about new agricultural avenues enunciated under China Pakistan Economic Corridor (CPEC) projects of social and physical infrastructure.

The efficient utilization of agricultural resources needs to be reassured doing so with climate friendly approaches and policies.

However, in the parallel session on "Export, Trade and Industry" deliberated expert opinions before the audience on the importance of regional connectivity through trade in Pakistan, Pakistan's export potential which can be ensured through trade in marble and textile manufacturing industries of Pakistan.

The session titled 'Labor Market Dynamics" signified that social inclusion, social infrastructure, female labor supply, and assessment of labor market dynamics of Pakistan are critically important for ensuring higher employ-ability in the country.

In the fourth session on "Fiscal, Monetary Policy and Debt Management" technical discussions illustrated that Pakistan's economic growth was contingent on building an effective and collaborative operationalization of government and monetary sectors.

It continued furthermore, highlighting the fact that debt crisis in Pakistan had been a major economic concern and the government and monetary sectors have not been able to achieve and sustain self-reliant economic growth, hence an integrative approach encompassing variant sectors in harmony can address the issue of debt crisis in Pakistan.