ISLAMABAD - With the imposition of 17 per cent General Sales Tax (GST) on agricultural inputs, the country could face food insecurity in near future, as the tax would decrease the agricultural production by some 40 to 50 per cent. Imposition of 17 per cent GST on the agricultural inputs including fertilizers, tractors and seeds will result in 40 to 50 per cent reduction in its usage, which will affect the production by same percentage, said, Muhammad Ibrahim Mughal, Chairman, Agri Forum Pakistan (registered) while talking to The Nation on Monday. He further said that Pakistan was already spending Rs 300 billion annually on the food import, which would surge to Rs 500 billion in the coming months due to the imposition of taxes on the agriculture sector. The agriculture sector would face burden of Rs 75 billion with the imposition of new taxes, Chairman Agri Forum Pakistan maintained. The countrys food import bill is already on the higher side during the ongoing financial year, as it spent $3.548 billion on foods import during July-February period of 2010-11 against $2.058 billion in July-February 2009-10, registering an increase of 72.34 per cent in one-year period. It might be recalled here that the government withdrew the tax exemptions on the agricultural inputs through Presidential Ordinance and imposed 17 per cent general sales tax on the tractors, fertilizers and seeds. Ibrahim Mughal was of the view that the international lobby, which he termed the International Monetary Fund (IMF), World Bank and Asian Development Bank, is working with India to destroy the Pakistani economy and in this regard the lobby had forced the Pakistan to impose taxes on the agricultural inputs. He also criticised the federal government for taking instruction from international donors by neglecting the interests of the country.