Islamabad, 13 September 2022 (TDI): President of Pakistan Dr. Arif Alvi chaired a meeting on crop insurance on 12 September 2022. The meeting was held at Aiwan-e-Sadr, Islamabad.
President Dr. Arif Alvi chaired a meeting on crop insurance, at Aiwan-e-Sadr, Islamabad. pic.twitter.com/pJR8wb22aa
— The President of Pakistan (@PresOfPakistan) September 12, 2022
Senator Sania Nishtar, Punjab Agriculture Minister Syed Hussain Jahania Gardezi, and Federal Insurance Ombudsman Dr. Khawar Jameel joined. Other senior officials of insurance companies were also present at the meeting.
Key Points of President’s Address
President Arif Alvi has underlined the importance of a farmer-friendly insurance program. The program would safeguard producers from yield loss and harm incurred by man-made or environmental catastrophes.
The President of Pakistan stated that extensive efforts are essential to mitigate climate change’s negative impacts on agricultural production.
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He asked insurance providers to target farmers in Pakistan with farmland of 12.5 acres or less while offering insurance products.
Around 1.48 million farmers from many districts of Punjab were insured from crop damage through a World Bank loan-based pilot project.
In comparison to national and international countries, the country’s subscription to insurance was rather less.
The president also urged the insurance sector to launch a broad countrywide dialogue and engagement program. It would include all parties via workshops and conferences.
He went on to say that best practices and efficient crop insurance systems from regional and international countries should be used as standards.
He stated that relationships with the country’s agricultural institutions should be formed in order to support insurance providers. Their policies and services should be analyzed on sound studies and accurate databases.
The president commended the Punjab government for creating the Punjab Crop Insurance Programme. This would offer farmers with yield loss insurance in the event of agricultural failure and crop losses caused by natural catastrophes.
