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
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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."

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