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PBF welcomes Green Pakistan Initiative

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Pakistan Business Forum (PBF) Vice President Chaudhry Ahmad Jawad praised the governments historic initiative and the Pakistan Army’s special focus on revolutionizing the agricultural sector through the promotion of cutting-edge technology, collaboration between the public and private sectors, and dividends distributed to local farmers to alleviate poverty.

Talking to the media here Tuesday, he said Green Pakistan Initiative would be the countrys second green revolution, paving the way for progress and prosperity.

In Pakistans agricultural sector, billion-dollar investments are anticipated within the next four to five years. He said the Gulf Cooperation Council (GCC) nations import US $ 40 billion worth of agricultural and food products annually. Under the supervision of the Special Investment Facilitation Council (SIFC), for which the ground has been prepared, the government intends to attract investment in the amount of billions of dollars into Pakistans agriculture sector from the GCC nations. In addition to the creation of four million new jobs, there would be an investment of approximately US $ 40 billion over the next four to five years, he added.

“The second Green Insurgency is tied in with making farming the significant driver of our monetary development, prompting food security that builds up our public safety”. He mentioned, “We are importing in $4.5 billion worth of palm oil. Were an emerging nation we cant spend such a gigantic sum on palm oil.

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