Saturday, 22 November 2014

Basmati growers: Prime Minister for implementing ECC decision on compensation

Prime Minister Nawaz Sharif on Friday directed to properly implement the decision taken by the Economic Co-ordination Committee of the cabinet (ECC) on compensation of Basmati rice growers. The ECC had decided for provision of subsidy worth Rs 5,000 per acre to the growers of Basmati rice as compensation in view of the falling international prices of this variety.

The PM termed agriculture a backbone of Pakistan''s economy and a significant contributor to the GDP. The farmer community had appreciated the decision, according to which 50 percent of the expenses incurred on provision of subsidy will be borne by the provinces that would also be responsible to ensure transparency in its distribution.
Copyright Associated Press of Pakistan, 2014

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