Pak­istan in­vites for­eign in­vestors in agri in­dus­tries

The Pak Banker - - 2national -

IS­LAM­ABAD: Fed­eral Min­is­ter for Food and Agri­cul­ture, Nazar M. Gon­dal has said on Thurs­day that there is a huge po­ten­tial for lo­cal and for­eign in­vest­ment in the agri­cul­ture re­lated in­dus­tries in the coun­try.

The min­is­ter was hold­ing a meet­ing with for­eign in­vestor, Nicolas Martin, Chief Fi­nan­cial Of­fi­cer of ASHORE, UK and Ahmed Jaudet Bi­lal, Chief Ex­ec­u­tive Of­fi­cer, AGRITECH here at his of­fice. "We would wel­come and en­cour­age for­eign in­vest­ment in the agri­cul­ture sec­tor and other in­dus­tries re­lated to the sec­tor.

Fer­til­iz­ers are one area where the lo­cal de­mand in­creases an­nu­ally and the coun­try has to im­port the com­mod­ity to ful­fill the do­mes­tic re­quire­ments.

Agri­cul­ture is cru­cially im­por­tant for our na­tional econ­omy and any in­dus­try re­lated to this sec­tor would be en­cour­aged and fa­cil­i­tated to work and flour­ish," added the min­is­ter.

Mr.Nicolas Martin said that his com­pany is in­ter­ested to in­vest in Pak­istan es­pe­cially in the fer­til­izer in­dus­try ow­ing to the in­creas­ing de­mand of the coun­try.

He said that in­vest­ment for farm mech­a­niza­tion could also be ini­ti­ated. He dis­cussed other po­ten­tial ar­eas for in­vest­ment like value ad­di­tion to agri­cul­ture prod­ucts, trac­tor man­u­fac­tur­ing, etc.

Gon­dal said that there is even a greater em­pha­sis on agri­cul­ture sec­tor with the pas­sage of time: "We have in­creased the sup­port price of wheat that has re­sulted into sur­plus wheat and en­cour­age­ment for the farm­ers. -App

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