(DOWNLOAD) "Role of Banks in Developing Flood-Hit Agriculture" by Pakistan & Gulf Economist # eBook PDF Kindle ePub Free

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eBook details

Title: Role of Banks in Developing Flood-Hit Agriculture
Author : Pakistan & Gulf Economist
Release Date : January 19, 2010
Genre: Economics,Books,Business & Personal Finance,
Pages : * pages
Size : 52 KB

Description

Byline: SYED FAZL-E-HAIDER Agriculture sector accounts for over 21 percent of GDP and employs 45 percent of the labor force in Pakistan. Agriculture growth, which was estimated at 4 percent of GDP out of 4.5 percent of total GDP growth for the current fiscal year 2010-11, could reduce to one half or one third depending upon the losses to the sector due to worst flood in country's history. Pakistani officials fear 30 to 40 percent decrease in cotton production and a fast looming crisis for the textile industry as cotton crop in most of the cotton growing areas have been washed away due to recent floods. Banks can play their crucial role in development of agriculture sector by ensuring higher flow of agriculture credit in the next two to three years.