- Home
- Pakistan
- Livestock contributes 60.1 % to agriculture value addition,11.5 % to GDP during FY 2020-21
Livestock Contributes 60.1 % To Agriculture Value Addition,11.5 % To GDP During FY 2020-21
Sumaira FH Published June 10, 2021 | 06:00 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 10th Jun, 2021 ) :The livestock sector has contributed 60.1 percent to the agriculture value addition and 11.5 percent to the GDP during fiscal year 2020-21 as livestock in the country has emerged as the largest subsector in agriculture.
According to Economic Survey of fiscal year 2020-21, more than 8 million rural families are engaged in livestock production and deriving more than 35-40 percent of their income from this source. Gross value addition of livestock was increased to Rs 1,505 billion (2020-21) from Rs 1,461 billion (2019-20), an increase of 3.0 percent.
The government has renewed its focus on the livestock sector for economic growth, food security, and poverty alleviation in the country.
The overall livestock development strategy resolves to foster "private sector-led development with public sector providing enabling environment through policy interventions".
The regulatory measures are aimed at improving per unit animal productivity by improving health coverage, management practices, animal breeding practices, artificial insemination services, use of balanced ration for animal feeding, and controlling livestock diseases.
To address investment related issue in the value added livestock export sector, government is considering to develop meat export processing zones, (for Foot and Mouth Disease (FMD), Peste des Petitis Ruminants (PPR), Highly Pathogenic Avian Influenza (HPAI), facilitate setting up of modern slaughterhouses and introduce various schemes to facilitate access to finances.
Related Topics
Recent Stories
Tennis: ATP Barcelona Open results - 1st update
Swiatek's perfect 10 in Stuttgart as Vondrousova stuns Sabalenka
Arandu's roads closed due to flooding
Oil tanker catches fire in Islamabad’s Blue Area
Pakistan committed to ensure safety of foreign nationals: FO
Tennis: WTA Stuttgart results - 1st update
Four passengers injured as train hit an empty vehicle
Over- speeding bus crushed to death two bike riders
Turkey's Freedom Flotilla ready to set sail for Gaza
French teen dies from heart failure after knife attack near school
Iranians appear unfazed by Isfahan blasts
UAF celebrates Int'l Chinese Language Day
More Stories From Pakistan
-
Arandu's roads closed due to flooding
1 hour ago -
Oil tanker catches fire in Islamabad’s Blue Area
1 hour ago -
Pakistan committed to ensure safety of foreign nationals: FO
1 hour ago -
Four passengers injured as train hit an empty vehicle
1 hour ago -
Over- speeding bus crushed to death two bike riders
1 hour ago -
UAF celebrates Int'l Chinese Language Day
2 hours ago
-
Flooding on Chitral-Peshawar Highway strands travelers
2 hours ago -
Bilawal Bhutto demands govt to hold tripartite dialogue to curb terrorism
2 hours ago -
Punjab ombudsman facilitates over 1.36 crore payment to victims
2 hours ago -
Leghari seeks KP Govt’s cooperation in anti-power theft campaign
2 hours ago -
Sehwan Development Authority's staff protests against non-payment of salaries
2 hours ago -
DIG directs SSPs to take unrelenting action against organized crimes
2 hours ago