Pakistan eyes GCC's $40bn investment in agri sector in five years

Business Jul, 11 2023
Pakistan eyes GCC's $40bn investment in agri sector in five years
  • 230
  • 0

ISLAMABAD: Prime Minister Shehbaz Sharif said government aimed to fetch investment of billions of dollars from Gulf Cooperation Council (GCC) countries into country's food and agriculture sector

In tweet, he said, GCC countries imported food items and agriculture products to tune of $ 40 billion annually. Sharif said step would be taken under supervision of Special Investment Facilitation Council for which ground has been prepared.

In next four to five years, he said, there would be an investment of approximately $ 40 billion in addition to creation of four million new jobs.

 "Second Green Revolution is about making agriculture major driver of our economic growth, leading to food security that reinforces our national security," he said.

Meanwhile Minister Shehbaz Sharif on Tuesday urged stakeholders to invest in empowering communities by building their capacity through better health and educational facilities and ensuring an enabling environment to unlock their potential.

In his message on World Population Day being globally marked, moment draws attention to the vast disparity between requirements of increasing population and availability of resources.

He said for developing countries in particular, managing population growth is key to socio-economic development. He said no country, howsoever resourceful, can deal with population explosion. "Thus drawing balance between population and resources is fundamental to fulfilment of needs of teeming millions," he said.

He mentioned significance of multifarious factors such as climate change, geostrategic upheavals and dysfunction of markets, countries are finding it hard to stay on course for achieving Millennium Development Goals.

"Hence all more reason to invest in effective communication between policy makers and people at large for better outcomes," he said. "We need to demonstrate greater political will to deal with challenge."

NC Big Stories

Army Chief reiterates resolve to thwart nefarious designs of inimical elements

PESHAWAR: Amid rising terror incidents in Pakistan, Chief of Army Staff (COAS) General Asim Munir yesterday reiterated the army’s firm resolve to eradicate the illegal spectrum undermining national security, a statement from the military’...

PM Shehbaz forms panel to end PPP-PML-N rift

ISLAMABAD: Following PPP Chairman Bilawal Bhutto Zardari’s complaints against the incumbent government, Prime Minister Shehbaz Sharif has constituted a committee to resolve the issues between Pakistan Muslim League-Nawaz (PML-N) and Pakistan Pe...

Federal Ombudsman chairs 'open court' in District Central

KARACHI: An open court was held at the Deputy Commissioner's Office, Central Karachi, under the chairmanship of Federal Ombudsman Syed Anwar Haider. Deputy Commissioner Central Taha Saleem, Additional Deputy Commissioners Asim Siddiqui and Dr. Saira...

Hina Bayat discusses rising divorce rates

Hina Bayat Khawaja is one of Pakistan’s most beloved and versatile actresses, known for her insightful opinions and candid approach to life. Having enjoyed a successful career, she is highly regarded, and her views carry significant weight. Hin...

More like this
Related

Rohde & Schwarz Pakistan concludes day 01 of IDEAS 2024 on a positive note

KARACHI: 12th edition of IDEAS 2024 got underway today i.e. 19th November 2024 at Kashmir Hall, Karachi Expo Centre, Karachi. inauguration ceremony was a grand affair attended delegates, exhibitors, senior members of armed forces and selected members...

Gold prices hit one-week high

KARACHI: Gold prices continued their upward momentum on Wednesday, marking a one-week high as investors sought the safety of the precious metal amid growing geopolitical uncertainty, particularly the escalating Russia-Ukraine conflict. Spot gold ros...

Profit-taking drags PSX down, KSE-100 falls by 310 points

KARACHI: The Pakistan Stock Exchange (PSX) saw profit-taking on Wednesday, resulting in a decline of 310 points in the benchmark KSE-100 Index, which closed at 95,546.45, down 0.32%. The session began on a positive note, with the KSE-100 rising to a...

Ahsan Iqbal proposes GSP-Plus and 5Es framework for export-led growth

ISLAMABAD: Minister for Planning, Development and Special Initiatives, Professor Ahsan Iqbal, proposed a comprehensive strategy to align the European Union’s Generalized Scheme of Preferences (GSP-Plus) program with Pakistan’s 5Es framewo...
Need Help? Chat with us