Livestock & Pakistan's Economy

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Livestock & Pakistan's Economy Empty Livestock & Pakistan's Economy

Post by khandairies on Thu Sep 17, 2009 9:35 pm

Livestock plays an important role in the economy of the country and the livelihood of people. Livestock accounts for 52.2 percent of agriculture value added and 10.9 percent of national GDP. It is a net source of foreign exchange earnings, constituting more than 8.5 % of the total exports. It is an important source of raw material particularly for leather, carpet and woolen cloth industries. Livestock is raised by more than 8.5 million small and landless families in the rural areas and is their main livelihood source. It is a form of social security for the poor, who cash it at the time of need and it also serves as security against crop failure in barani (rain-fed) areas. Dairy sector is an important component of Pakistan’s economy. The value of milk alone exceeds the combined value of wheat, rice, maize and sugarcane in the country. Livestock produces 34.064 million tons of milk, making Pakistan 4th largest producer of milk in the world.

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