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Plans to enhance horticulture to $1 billion by 2012

ISLAMABAD (August 13 2007): Efforts are underway to enhance Pakistani horticulture exports from $150 million to $one billion by 2012 by facilitating the farmers through various schemes, official sources said.

`New methods on line with emerging market economies would be utilised to promote financing and competitiveness of the horticulture sector, which has tremendous potential to grow in the country,` the sources added.

The government has already established a sub-committee on Finance of the Task Force on Horticulture Finance and Competitiveness to devise a comprehensive strategy for financing in the agriculture sector with particular focus on horticulture.

The committee is meant to establish relationship between market pricing of horticultural products and the provision of credit, the sources said adding that it would also put special emphasis on ensuring micro-credit facility for horticulture development in rural and far-flung areas.

It would also ensure that that all relevant actions are taken in the banking and financial sector to facilitate those wishing to invest in the horticulture sector.

While presiding over the meeting of the sub-committee here Javed Malik, Additional Secretary Finance and Chairman of the committee said that innovative financial tolls must be created to capitalise the potential of the horticulture sector adding that advance methods would be utilised to enhance competitiveness of the sector.

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