Pakistan is running out of food as farming sector suffered loss of Rs.536 billion

What happened: According to the national food security ministry’s preliminary study on farm sector damage, the recent torrential rains and floods in Pakistan have caused a loss of roughly Rs536 billion in the country’s agricultural and animal sectors. Details: Cotton, corn, rice, sugarcane, legumes, tomatoes, onions, and other crops have been damaged across the country as a result of the disaster. Tribune stated that Sindh’s agriculture industry has suffered the most, with a loss of over Rs300 billion so far. Which crops did we lose: Cotton and dates have been totally wiped away throughout the province, according to the report. According to the study, sugarcane, pepper, tomato, rice, onion, and other vegetables have been partially destroyed in Sindh. What else: Rains and floods had caused billions of rupees in damage to Balochistan’s agricultural economy. Farms in Khyber-Pakhtunkhwa have lost more than Rs36 billion. What’s the plan now: During a meeting, the ministry also suggested to the Federal Board of Revenue (FBR) that taxes and levies on onion and tomato imports be waived for the next 90 days. These efforts are made to ensure the market’s supply of critical commodities and to stabilise prices.