KARACHI: After relying on estimates for more than 14 years, Pakistan is going to carry out a census of its livestock this year, officials have confirmed.
Pakistan’s economy significantly relies on agricultural production, which in the previous fiscal year contributed 19 percent of the country’s gross domestic product (GDP), according to the finance ministry’s Economic Survey 2020-21. Livestock is its largest subsector having a 60 percent share in agriculture value addition.
More than 8 million rural families are engaged in livestock production and derive some 35-40 percent of their income from it. Gross value addition of livestock was Rs1.5 trillion in the fiscal year 2020-21.
Despite this huge contribution, no livestock census has been carried out since 2006.
“Pakistan Statistic Bureau has plans to conduct integrated census for Agriculture and Livestock during financial year 2021-22,” the Ministry of National Food Security and Research (MNFSR) has told Arab News.
While the Economic Survey 2020-21 recorded 51.5 million cattle, 42.4 million buffaloes, 80.3 million goats, 5.6 million donkeys, 400,000 horses and 200,000 mules, the figures are estimates based on the 1996-2006 inter-census growth rate which, experts argue, does not represent the country’s actual animal population growth.
“No census has been conducted after 2006 but the estimates are being made while sitting in offices. That has no value,” Talat Naseer Pasha, vice chancellor of the University of Education, a public research university in Lahore, told Arab News.
For Dr. Jasir Aftab, a veterinary and husbandry analyst, policy making in the absence of actual data may be inaccurate and does not allow the sector to realize its growth and export potential.
“Due to lack of actual data the policy making and allocations for the animal related project could not be made properly,” he said. “That is why the country still could not harness the full potential of the country’s livestock.”
After 14-year gap, Pakistan plans census of livestock population
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After 14-year gap, Pakistan plans census of livestock population
- Livestock production is largest subsector of Pakistan’s agriculture, contributes over 11 percent to GDP
- Lack of data, experts say, does not allow the sector to realize its growth and export potential
Pakistan stocks close at record high over current account surplus, falling bond yields
- KSE-100 index gains 1,646.79 points or 0.97% to close at new high of 171,960.64 points
- Pakistan’s central bank posted a current account surplus of $100 million in November
KARACHI: Pakistani stocks closed at an all-time high of 171,960.4 points on Thursday, with financial analysts attributing the surge to increasing investor confidence stemming from a current account surplus reported in November and a drop in government bond yields.
The benchmark KSE-100 index gained 1,646.79 points or 0.97% to close at an all-time high of 171,960.64 points on Thursday. The previous day, Pakistani stocks surged to 170,313.85 points at close of business.
Ahsan Mehanti, chief executive officer at Arif Habib Commodities, said the optimistic mood at the stock exchange was fueled by the $100 million current account surplus reported by the central bank in November.
“Speculations ahead of year-end close and fall in government bond yields up to 70 basis points after the SBP (State Bank of Pakistan) policy easing played the catalyst role in bullish activity at PSX,” Mehanti told Arab News.
The surplus was a welcome development for Islamabad as Pakistan’s central bank reported a $291 million deficit in October.
Topline Securities, a Pakistani brokerage firm, said in its daily market review that strong buying by local funds followed a drop in Pakistan Investment Bond (PIB) yields, which boosted investor confidence.
PIB yields are the returns on bonds or government-backed securities that pay fixed semi-annual interest, with rates influenced by market demand and SBP auctions.
“Strength in ENGRO (Engro Corporation), FFC (Fauji Fertilizer Company), UBL (United Bank Limited), LUCK (Lucky Cement) and BAHL (Bank AL Habib) underpinned positive momentum, collectively contributing 1,504 points to the index,” the brokerage firm wrote on X.
“This upside was partly offset by declines in PIOC (Pakistan International Oil Company), DHPL (D.H. Corporation Limited) and MLCF (Millat Tractor Limited), which together subtracted 176 points.”
The sustained rise in equities comes amid improving liquidity conditions and continued investor participation, with market participants focusing on corporate earnings, sector-specific developments and broader macroeconomic signals.
Earlier on Monday, Pakistan’s central bank cut its key policy interest rate by 50 basis points to 10.5%, a move that surprised analysts and followed four consecutive policy meetings where rates were held unchanged.
The cut came despite an International Monetary Fund staff report earlier this month cautioning against premature monetary easing.
Inflation eased to 6.1% in November, remaining within the SBP’s target band, though analysts have warned that price pressures could resurface later in the fiscal year as base effects fade and food and transport costs remain volatile.
