Farmers Lose Rs. 3.5 Trillion After Harvest

Pakistan loses an estimated 20 to 40 percent of its crops after harvest, potentially costing the country up to Rs.

Key points

• Securities and Exchange Commission of Pakistan (SECP) Chairman Dr.
• Under the proposed framework, a national agricultural spot market would connect agricultural markets to online trading platforms, improving storage, bank financing and transparent trade.
• Electronic warehouse receipts would allow farmers to obtain bank loans against stored crops instead of being forced to sell their produce immediately at low rates.
• The spot-trading market would gradually include wheat, rice, corn, cotton and sugar.
• Sidhu additionally emphasized the need for reliable payment systems to ensure farmers receive payments on time.

Securities and Exchange Commission of Pakistan (SECP) Chairman Dr. While the total value of the country's crops stands at approximately Rs, kabir Ahmed Sidhu remarked at the "Mission $100 Billion" conference that agriculture contributes 23.44 percent to Pakistan's gross domestic product. 8.8 trillion.

Each percentage point of post-harvest losses represents around Rs. 88 billion in lost value. A 40 percent loss equates to Rs. 3.5 trillion. SECP Launches New Anti-Fraud System.

Pakistan has only 326, 000 metric tons of approved warehouse capacity, compared with an estimated 55.7 million metric tons of storable dry agricultural commodities produced in the country, Sidhu remarked.

He pressed reforms to agricultural markets, including modern warehousing, cold storage and transportation systems, to reduce losses and attract investment. He remarked the SECP was working to promote a modern warehousing system based on electronic warehouse receipts.

Under the proposed framework, a national agricultural spot market would connect agricultural markets to online trading platforms, improving storage, bank financing and transparent trade. While the SECP would provide technical backing, provincial authorities would retain oversight of agricultural markets.

Electronic warehouse receipts would allow farmers to obtain bank loans against stored crops instead of being forced to sell their produce immediately at low rates. Sidhu remarked the proposed system could additionally improve access to financing and support farmers secure better costs. Wheat Seed Rates High Ahead of Sowing Season.

Notably, the spot-trading market would gradually include wheat, rice, corn, cotton and sugar. While the registration of commission agents and traders and digital transaction records could strengthen protections for farmers and buyers, standardized quality, weighing and grading rules could support improve rate discovery.

Sidhu additionally emphasized the need for reliable payment systems to ensure farmers receive payments on time. He pressed modernization of agricultural market rules, licensing, fees and systems governing the movement of commodities.

He remarked improved storage infrastructure could reduce post-harvest losses and assist Pakistani agricultural products reach export markets more effectively. Stay Connected with ProPakistani.

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Taken together, the developments around farmers Lose Rs. 3.5 Trillion After Harvest point to a situation that is still moving, and the coming days should bring more clarity.