Government to Directly Assist Farmers with Fertilizer Subsidies

The government has unveiled a major policy shift to directly aid farmers by offering fertilizer subsidies, bypassing traditional channels that often favor manufacturers over recipients.

Federal Energy Minister Musadak Malik announced the decision Thursday, citing concerns that much of the support meant for farmers ends up with factory owners rather than those working the land.

Alongside fertilizer subsidies reallocation, Malik revealed plans to solarize agricultural tube wells, part of an initiative to modernize farming and boost energy efficiency.

Expressing worries over monopolistic practices in the seed sector, Malik emphasized the need for fair competition to drive agricultural growth.

“We anticipate significant agricultural productivity growth by providing high-yielding seeds to farmers,” Malik asserted.

He also disclosed gas availability during Ramadan, accessible from 3 PM to 10 PM and from 2:30 AM to 8 AM, and measures to combat electricity theft through load-shedding.

The investigation into costly coal purchases by the Sahiwal Coal Power Plant is underway, with findings to be shared upon completion. Collaboration with the Oil and Gas Regulatory Authority (OGRA) is pledged to address LPG cylinder explosion incidents.

Malik highlighted small loan initiatives for urban areas, aimed at addressing economic disparities and promoting inclusive growth.

Pledging no increase in circular debt by year-end, Malik aims to maintain the debt at Rs2.31 trillion, aided by a budgeted amount of Rs300 billion.

Government initiatives aim to fortify electricity consumption, promote green energy adoption, and boost electricity and gas production through industrial stimulation.

Public oil companies are directed to establish separate entities for renewable energy, while reforms within Distribution Companies (DISCOs) seek to bolster efficiency.

Regarding the Iran-Pakistan gas pipeline project, Malik disclosed planning commencement and pledged concerted efforts to overcome obstacles.

Malik addressed agricultural challenges, unveiling policies to establish farm industries and facilitate agricultural industrial loans. Plans include IT-related training for 0.5 million youth, with banks urged to provide loans for small and medium industries.