‘Livestock sector contributes 12 pc in national GDP’

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The livestock sector has a key role in development of agriculture in the country as it contributes 55 percent of the agri GDP while it has 12 percent share in the total national GDP.

This was stated by University of Veterinary and Animal Sciences (UVAS) Vice Chancellor Prof Talat Naseer Pasha on Sunday.

He said as the livestock sector had mentionable share in the national GDP, therefore, it is needed to have check on prices of livestock feed which had a big share in the production of livestock.

He informed that over 25 percent raise in feed prices during the last one year, illegal export and raise of management cost had caused high prices of animals which resulted in high prices of meat.

Responding a question, he said illegal export and management cost consisting of labour, watering and transport had also an important role in raising prices of animals.

However, he said legal export could be beneficial for both farmers and the government while the government could get foreign exchange through it.