Tag: agriculture

  • Pakistan imports agricultural machinery worth $135.3 million in FY2026

    Pakistan imports agricultural machinery worth $135.3 million in FY2026

    Agricultural machinery imports rise by over 23% as overall machinery imports also record steady growth during FY2025-26.

    Pakistan’s imports of agricultural machinery and implements witnessed a notable increase during the fiscal year 2025-26, reflecting stronger demand for modern farming equipment and mechanization across the country.

    According to the latest figures released by the Pakistan Bureau of Statistics (PBS), agricultural machinery imports reached $135.267 million during FY2026.

    The latest import value represents a 23.08% year-on-year increase compared to the corresponding period of the previous financial year.

    The growth highlights continued investment in agricultural technology as farmers and businesses seek to improve productivity, enhance efficiency, and support the country’s agricultural sector.

    The rise in agricultural machinery imports comes at a time when Pakistan is placing greater emphasis on modernizing farming practices to increase crop yields and strengthen food security.

    Higher imports of advanced machinery are expected to contribute to improved cultivation, harvesting, and irrigation processes across various agricultural regions.

    Besides agricultural equipment, Pakistan also recorded a significant increase in the import of other machinery during FY2026.

    The country imported other machinery worth $2.970 billion during the July-June period, compared with $2.308 billion imported in the same period of the previous fiscal year.

    According to PBS data, imports in the other machinery category expanded by 24.34% on an annual basis. The increase reflects stronger industrial demand, ongoing infrastructure development, and investment in manufacturing capacity, which collectively boosted machinery imports throughout the fiscal year.

    The broader machinery import group also posted positive growth during the period under review. Total machinery imports reached $10.919 billion in FY2026, compared with $10.307 billion recorded in FY2025.

    Overall, imports of the machinery group increased by 5.95% year-on-year, indicating sustained demand for industrial, agricultural, and capital equipment despite evolving economic conditions.

    The steady rise in machinery imports suggests that businesses across multiple sectors continued investing in technology and production capacity to support long-term economic growth.

    The latest PBS data underscores the growing importance of machinery imports in supporting Pakistan’s agriculture and industrial sectors.

    Continued investment in modern equipment is expected to improve productivity, encourage technological advancement, and contribute to the country’s broader economic development in the coming years.

  • PM inaugurates Indus RAS Expo 2026 to boost robotics innovation

    PM inaugurates Indus RAS Expo 2026 to boost robotics innovation

    Shehbaz Sharif says Pakistan aims to become a leader in robotics, autonomous systems and emerging technologies

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  • Aurangzeb Unveils Rs300 Billion Interest-Free Loan Scheme for Small Farmers

    Aurangzeb Unveils Rs300 Billion Interest-Free Loan Scheme for Small Farmers

    Finance Minister says 750,000 farmers will benefit as government boosts agriculture support and highlights economic recovery measures.

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  • Pakistan Eyes Agricultural Revolution as China Partnership Brings Advanced Farm Technology and Investment

    Pakistan Eyes Agricultural Revolution as China Partnership Brings Advanced Farm Technology and Investment

    Pakistan is accelerating its push toward modern agriculture through deeper collaboration with China, as senior officials engaged with leading Chinese technology and machinery firms during a high-level visit to Changzhou in Jiangsu Province.

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  • Pakistan tops India, Bangladesh in agriculture GDP share

    Pakistan tops India, Bangladesh in agriculture GDP share

    Islamabad, July 6, 2025 – Good news for Pakistan’s economy: the agriculture sector is making a strong comeback! According to the Pakistan Economic Survey 2025, the country’s agriculture share in GDP has jumped from 21.9% in 2019–20 to an impressive 24.03% in 2023–24. This rise highlights how agriculture is not just surviving—it’s thriving and playing a bigger role in national economic growth.

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  • Bangladesh beats Pakistan, India in cotton yield

    Bangladesh beats Pakistan, India in cotton yield

    In a striking revelation from the Pakistan Economic Survey 2025, Bangladesh has outperformed both Pakistan and India in cotton yield—despite growing the crop on a significantly smaller area.

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  • Agriculture sector share rises to 23.54% of GDP in FY25

    Agriculture sector share rises to 23.54% of GDP in FY25

    Islamabad, June 9, 2025 – The Economic Survey of Pakistan 2024-25 has reported that the agriculture sector contributed 23.54% to the country’s Gross Domestic Product (GDP), reflecting its continued structural significance.

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  • Aurangzeb Urges Banks to Allocate Funds for Agriculture and IT

    Aurangzeb Urges Banks to Allocate Funds for Agriculture and IT

    Karachi, July 30, 2024 – Federal Minister for Finance and Revenue, Muhammad Aurangzeb, on Tuesday, emphasized the importance of proper fund allocation for the agriculture sector and the IT industry, especially freelancers.

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  • SME Farmers Advocate for Export of Khashkhash

    SME Farmers Advocate for Export of Khashkhash

    Karachi, February 22, 2024 – The Small and Medium-sized Enterprise (SME) Farmers Association in Pakistan is urging the government to permit the export of Khashkhash (poppy seeds), citing its widespread use as a household item.

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  • FBR Reaffirms Tax Exemption for Agriculture Income under Updated Tax Laws

    FBR Reaffirms Tax Exemption for Agriculture Income under Updated Tax Laws

    Karachi, September 5, 2023 – The Federal Board of Revenue (FBR) has affirmed that agriculture income is exempted from federal income tax laws in Pakistan.

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