Pakistan aims for transformative $30-50b investment boost in agri sector

[salarsikander]

remind me the job description of loser COAS and what as the oath this loser took when he was in PMA ?

 

[maverick1977]

Chaur and corrupt will build their country. it will be the first for mankind

View this content on Instagram

View this content on Instagram

 

[Jazzbot]

So after army failed to acquire farming land through care taker govt in Punjab, they switched to federal and did the same. What a joke of a country.

 

[FuturePAF]

Btw, if this is an initiative of the military, then it’s not linked to whomever the people of Pakistan vote for in the upcoming election.

I hope that point is made clear in the upcoming elections by the PTI.

 

[Olympus81]

Get land for free, develop DHA instead of developing agriculture, and then sell it without paying taxes.

The only investment that will come is in the form of unproductive real estate investment from overseas Pakistanis. Not sure that will be forthcoming.

 

[Jazzbot]

A question to sane minds out there:

Pak army is not new to corporate farming or agriculture, can someone please highlight the revenue generation towards national exchequer over the years through these initiatives? Or the money is going somewhere else?

 

[indushek]

Mubarak

Pakistanis: General Asim Muneer, meri jind meri jaan haha

 

[Communism]

Very interesting! But spoke like some anti 'communism'!! Perhaps your forum name could be changed a bit?

Dialectical Materialism posits that there are "low energy states" in human development.


States like "Feudalism", "Capitalism", "Socialism".


These states of human development depend on the material conditions of the particular example.


Moving from "Capitalism" to "Socialism" requires a certain level of "state capacity" (in IMF jargon), or political/technical state competence.


A Communist is by definition a developmentalist.


If you set an example with Corporate Farming, you will have a benchmark to meet and exceed with Socialism.

 

[AA_]

Prime Minister Shehbaz Sharif on Monday said that the government expected investment worth billions of dollars in the next four to five years in the agriculture sector in Pakistan.

He expressed these remarks during a seminar on agriculture and food security held in Islamabad. Chief of Army Staff (COAS) General Syed Asim Munir attended the seminar as the guest of honour.

The premier highlighted the importance of agriculture for the economy of Pakistan and the landmark steps being undertaken by the government to exploit its full potential in agriculture and other domains under the ambit of the recently launched Special Investment Facilitation Council (SIFC).

PM Shehbaz said that Green Pakistan Initiative would be the second green revolution, paving the way for prosperity and progress in the country

He stated that under this programme, the government anticipated an average investment of 30 to 50 billion dollars in Pakistan over the next three to four years. “Our efforts are focused to enhance productivity and transform barren land into fertile ground which will significantly bolster our revenues."

He revealed that during a recently held meeting, the envoys of many Gulf countries expressed their interest in investing in Pakistan.

“Pakistan cannot take further loans. I, COAS or the finance minister cannot reveal how we managed to acquire loan to try and avert a default. Thankfully, due to our teamwork, SLA happened and after two days, IMF’s board meeting is also scheduled. But this is not enough and it is just the beginning of a long journey of untiring efforts and we need a vision for it,” he added.

He lamented that many research centres had been established in Pakistan but many of them became unproductive after the 1960s.

The premier said that state-owned enterprises (SOEs) were bleeding Rs600 billion from Pakistan’s scarce resources. “We have all the resources and all seasons… still we have been unable to become a prosperous country,” he regretted.

“We are importing $4.5 billion worth of palm oil. We’re a developing country we cannot spend such a huge amount on palm oil,” he added.

Shehbaz said that there was a time Pakistan used to produce more cotton than our neighbouring country but today we’re lacking behind in cotton, wheat and other agricultural products.

He said that Pakistan produces great Basmati rice but now it has many competitors. “In a year or two, our agri-based economy will be revived. We will not have to seek further loans but investors will come by themselves,” he said

The army chief also addressed the participants and assured the people of Pakistan and the government of the army’s full support for all the initiatives being initiated under the ambit of SIFC including the Green Pakistan Initiative.

The seminar was attended by federal ministers, chief ministers of Punjab and Sindh provinces, chief secretaries, agricultural experts and farmers from all the provinces.

Foreign dignitaries and potential investors and experts from the UK, Italy, Spain, China, Bahrain, Qatar, Saudi Arabia, Turkiye and various other countries also attended the seminar.

Sequel to the inauguration of Land Information Management System - Centre of Excellence (LIMS - COE), Green Pakistan initiative is being undertaken to enhance the food security of Pakistan, increase exports and reduce the agriculture-related imports, thereby, contributing towards the national economy.

Agriculture experts and farmers highly appreciated the government's landmark initiative and the Pakistan Army's special focus on revolutionising the agriculture sector by promoting modern contemporary technology, collaboration of public and private sectors and trickling down dividends to the local farmers to alleviate poverty.

The participants hailed the conduct of the seminar and its attendance by experts, government representatives and potential investors as a success and the first step towards bringing positive change in the agriculture and livestock sectors.

The attendees especially lauded the Pakistan Army's efforts in boosting the national economy by focusing on this critical sector.

Pakistan expects $30b to $50b investment in agriculture sector | The Express Tribune

PM Shehbaz says many Gulf countries ready to invest, country cannot take further loans

tribune.com.pk

“We’re not in the business of interfering”

Wow!

 

[Clutch]

Prime Minister Shehbaz Sharif on Monday said that the government expected investment worth billions of dollars in the next four to five years in the agriculture sector in Pakistan.

He expressed these remarks during a seminar on agriculture and food security held in Islamabad. Chief of Army Staff (COAS) General Syed Asim Munir attended the seminar as the guest of honour.

The premier highlighted the importance of agriculture for the economy of Pakistan and the landmark steps being undertaken by the government to exploit its full potential in agriculture and other domains under the ambit of the recently launched Special Investment Facilitation Council (SIFC).

PM Shehbaz said that Green Pakistan Initiative would be the second green revolution, paving the way for prosperity and progress in the country

He stated that under this programme, the government anticipated an average investment of 30 to 50 billion dollars in Pakistan over the next three to four years. “Our efforts are focused to enhance productivity and transform barren land into fertile ground which will significantly bolster our revenues."

He revealed that during a recently held meeting, the envoys of many Gulf countries expressed their interest in investing in Pakistan.

“Pakistan cannot take further loans. I, COAS or the finance minister cannot reveal how we managed to acquire loan to try and avert a default. Thankfully, due to our teamwork, SLA happened and after two days, IMF’s board meeting is also scheduled. But this is not enough and it is just the beginning of a long journey of untiring efforts and we need a vision for it,” he added.

He lamented that many research centres had been established in Pakistan but many of them became unproductive after the 1960s.

The premier said that state-owned enterprises (SOEs) were bleeding Rs600 billion from Pakistan’s scarce resources. “We have all the resources and all seasons… still we have been unable to become a prosperous country,” he regretted.

“We are importing $4.5 billion worth of palm oil. We’re a developing country we cannot spend such a huge amount on palm oil,” he added.

Shehbaz said that there was a time Pakistan used to produce more cotton than our neighbouring country but today we’re lacking behind in cotton, wheat and other agricultural products.

He said that Pakistan produces great Basmati rice but now it has many competitors. “In a year or two, our agri-based economy will be revived. We will not have to seek further loans but investors will come by themselves,” he said

The army chief also addressed the participants and assured the people of Pakistan and the government of the army’s full support for all the initiatives being initiated under the ambit of SIFC including the Green Pakistan Initiative.

The seminar was attended by federal ministers, chief ministers of Punjab and Sindh provinces, chief secretaries, agricultural experts and farmers from all the provinces.

Foreign dignitaries and potential investors and experts from the UK, Italy, Spain, China, Bahrain, Qatar, Saudi Arabia, Turkiye and various other countries also attended the seminar.

Sequel to the inauguration of Land Information Management System - Centre of Excellence (LIMS - COE), Green Pakistan initiative is being undertaken to enhance the food security of Pakistan, increase exports and reduce the agriculture-related imports, thereby, contributing towards the national economy.

Agriculture experts and farmers highly appreciated the government's landmark initiative and the Pakistan Army's special focus on revolutionising the agriculture sector by promoting modern contemporary technology, collaboration of public and private sectors and trickling down dividends to the local farmers to alleviate poverty.

The participants hailed the conduct of the seminar and its attendance by experts, government representatives and potential investors as a success and the first step towards bringing positive change in the agriculture and livestock sectors.

The attendees especially lauded the Pakistan Army's efforts in boosting the national economy by focusing on this critical sector.

Pakistan expects $30b to $50b investment in agriculture sector | The Express Tribune

PM Shehbaz says many Gulf countries ready to invest, country cannot take further loans

tribune.com.pk

Lol...

COAS Asim Munir want to grab agricultural land to make whiskey....

Well done Pakistan... You just birth to the corrupt Pakistani Military Establishment Farmland Mafia!....

 

[Olympus81]

The corrupts just suspended the good projects that were yielding good results in favor of this.

This reeks of corruption and more funds being siphoned off into Fauji Foundation.

 

[Meengla]

Thank God, you haven’t given up on me but know that there are many like me, that while standing with those that lead with Hope, that should we fly the PTI flag, we always fly the Pakistani Flag above it, still can recognize a good thing when they see it, and will never give up on Pakistan, land of my birth and of my kith and kin.

You and I, along with some others in this forum--and they know when I write this-- have differences but we have civility in our discourse.

I just hope this is not a limited effort. It needs to be done with full gusto. It really doesn’t matter who is in government as long as all the backlog of reforms get implemented, then everyone that is a Pakistani will be a winner.

I don't think the current ruling party as well as the Army, can get away from any non-performance going forward. There isnt any room to keep the old order going. They will HAVE to deliver. And I am cautiously optimistic. And this Green Pakistan initiative sounds like a good start: As you said above, when you are that much fallen in your economy, then starting from the dirt (the soil, in case of agriculture), is not a bad idea.

 

[uhuru]

“Our efforts are focused to enhance productivity and transform barren land into fertile ground which will significantly bolster our revenues."
“In a year or two, our agri-based economy will be revived. We will not have to seek further loans but investors will come by themselves,” he said

No structural reforms to the overall agricultural sector? Corporate farming only? Any plan for better water management? Cautiously optimistic, as always with Pakistan, but if they have found a way to bring in 2-3% of GDP in FDI for the next 4 years, in just agriculture, let’s hope and see.

unbelievable how low can Pak get.

Where are the agriculutural universities and research centers. WTF -- does your army not have their own work now they will sit do corporate farming.

Another feudals lords in the making.

Reminds me of Burmese junta

 

[PakFactor]

Don't know if this is comedic or pathetic. Maybe a bit of both? World is going to Mars and these geniuses are bragging about investments in agriculture like it's the next big thing.

It's a sh*t show and train wreck playing out in Pakistan all at once.

 

[Cheepek]

One benefit of this investment by the GCC countries will be that it will further expose the other reforms that will be needed.

That is why I’m cautiously optimistic.

There really should be cheap loans given to farmers to modernize their farms, as well as the training institutes. If we look at what the Israelis have been doing in India, it’s clear that it’s not rocket science and has been done for decades now. We need to catch-up across the board.

This is what what was suppose to happen under CPEC with the help of Chinese experts. Hopefully it will happen now under the supervision of the GCC investors.

News to me Israel provides funding and/or cheap loans to India in the agri sector? I always thought India-Israel cooperation in agri relies on sharing of technology and other know-how to increase productivity (for which India PAYS).