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

[Edevelop]

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

 

[FOOLS_NIGHTMARE]

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

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."

Read more: Pakistan reaffirms commitment to meet UN SDGs with enhanced cooperation

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.

Also read: PM Shehbaz lauds COAS' role in securing IMF tranche

“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

 

[FuturePAF]

“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.

 

[Hero786]

 

[PakFactor]

Lol. The comedy central show continues.

 

[Maula Jatt]

Agriculture alone can't lift us out of poverty
We need industries - dumb faujis can't comprehend economics so they shouldn't try

 

[Jf Thunder]

great !!
more jobs for retired faujis

while the young educated population of Pakistan continues to suffer

 

[Hero786]

Agriculture alone can't lift us out of poverty
We need industries - dumb faujis can't comprehend economics so they shouldn't try

I created the thread, becoz Chusky is getting credit and controlling every department.

 

[Skull and Bones]

That’s a big amount, congratulations.

 

[Jugger]

Army chief should be concerned about defence and internal security . let the elected representatives and bureaucracy handle agriculture/economy.
OR
If the army chief considers the elected representatives as useless and constitution as garbage then go ahead and rule Pakistan as a dictator.

Army chief and agriculture should ideally not be in a sentence...!

 

[PakFactor]

great !!
more jobs for retired faujis

while the young educated population of Pakistan continues to suffer

They not only suffer but also try to flee. I was reading a business recorder article about remittance, which stated that while it's down, it'll grow because more Pakistanis went overseas—a different logic from those running this country.

This is an excellent video to watch:

Truth bomb:

 

[Jango]

Ab samajh ayi why Army wanted 35,000 acres of land in Bhakkar for "corporate farming"? (Hint, read the scroll that mini-Sharif and Asim Munir are holding). Sath Ahad Cheema khara hua hai.

This country is a certified joke.

A caretaker minister inaugurating a project such as this.

Asim sahab Army Chief aur agriculture specialist honay kay sath sath ab religious scholar or motivational speaker bhi ban gaye hain.

Poori awam ko dono hathon say choona lagao.

 

[Sayfullah]

Want to boost agriculture for a fraction of that cost? Make water more accessible to already existing farmland and stop waderas/elites from stealing other peoples water.
First save agriculture land from going barren. Then think about making barren land into agricultural land.

Any plan for better water management?

This must be the top priority.
I’m from interior Sindh and my family and relatives all have farmland. The biggest issue for us is water isn’t available in the quantities we need. The average farmer can’t afford to switch over to more efficient irrigation systems like drip irrigation so we rely on inefficient flood irrigation system. Even the waderas and powerful elite use flood irrigation. So waderas and elite steal other people’s water for their land. In Sindh agriculture land is being turned into barren land cuz of water issues. Government should either provide subsidies or interest free loans to farmers to switch over to drop irrigation OR they should build more canals so more water is available and crack down on people stealing and hoarding water.
With minimal investment the already existing agricultural land in Pakistan can produce many folds more than it is producing right now. But government just does this shit for optics. First save the existing agricultural land. Then think about turning barren land into agricultural land.

 

[Maula Jatt]

Is it true & is this a federal program or provincial one?

https://twitter.com/x/status/1677955131000901632

 

[RoadRunner401]

That’s a big amount, congratulations.

PDM scientists with the help of PIGS (pakistani intelligence Generals) have Made break throughs in space technologies that are beyond the reach of all scientifically Advance nations, Would you believe this announcement took place on Mars where Fauji foundation is converting Half Mars for Real estate development and other for Farming..Imagine the possibilities going to mars farming for the day and coming back at the end of day for Dinner at home...