Advertisement
Categories: BusinessNewsPakistan

Maryam Nawaz Inaugurates Solarization of Agricultural Tube Wells

Advertisement

Punjab Chief Minister Maryam Nawaz has launched a project to solarize agricultural tube wells, aiming to reduce farmers’ costs and boost productivity.

At the project’s inauguration, she conducted a draw, with Muhammad Nawaz from Attock emerging as the first selected farmer. In the initial phase, 8,000 tube wells will be converted to solar energy through a lottery system. Farmers are expected to save over Rs10,000 per day and Rs325,000 per month from reduced energy costs.

The Punjab government will subsidize solar systems, offering Rs0.5 million for 10-kW, Rs0.75 million for 15-kW, and Rs1 million for 20-kW setups. Farmers will choose vendors in their districts to install the systems.

Out of 530,000 applicants, 385,000 were deemed eligible for the draw. The first phase aims to be completed by June, with 87% of diesel-powered and 13% of electric-powered tube wells transitioning to solar.

Maryam Nawaz termed the initiative a “revolution in farming,” highlighting its role in cutting crop production costs. She emphasized that projects like Kisan Card, Agricultural Mechanization, and Agri Internship will further benefit farmers.

Advertisement
Amir Shahzad

Amir Shahzad is a experienced journalist with exceptional leadership skills. Graduated from University of Peshawar, he pitched number of acclaimed stories in the national news channels. At present, serving as senior reporter in a reputed news channel of Pakistan, Amir deliver a vast array of in-depth and informative news packages on country's most strenuous part Khyber Pakhtunkhwa (KPK) bordering Afghanistan. He loves reading and travelling.

Recent Posts

Bank Alfalah and WWF-Pakistan Mark Pakistan’s Independence Day with Alfa Forest Mangrove Plantation Drive

To commemorate Pakistan's Independence Day, Bank Alfalah, one of Pakistan's leading commercial banks, partnered with…

5 days ago

foodpanda Collaborates with itel Pakistan to Enhance Rider Connectivity and Digital Access

In a shared commitment to digital inclusion and rider welfare, foodpanda has signed a Memorandum…

5 days ago

OICCI members invest US$23bn in Pakistan, outpacing decade-long net FDI

Leading foreign investors continue to demonstrate strong confidence in Pakistan's economic potential, with OICCI member…

6 days ago

Broadway Pizza adds 82nd outlet, eyes further growth

Broadway Pizza has opened its 82nd branch on the main road near Hadiabad Society, adjacent…

6 days ago

LUCKY INVESTMENTS ACHIEVES THE HIGHEST ASSET MANAGER RATING – AM1

Lucky Investments Limited ("Lucky Investments") has been awarded AM1, the highest Asset Manager Rating by…

6 days ago

Meezan Bank Accelerates Affordable Housing Finance, Surpasses PKR 3 Billion under Government’s Ghar Ho Tu Apna Programme

Karachi: Reinforcing its strategic focus on expanding affordable housing finance, particularly for salaried individuals, Meezan…

6 days ago