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China’s help could boost Pak GDP in next three years: PBF

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Staff Reporter

Karachi

Pakistan with the assistance of China should grow non-traditional products, under the agricultural and industrial cooperation information platform (AICP) between two countries, as China’s progress in the agriculture sector was worth emulating for developing countries in a official statement on Wednesday.

Pakistan Businesses Forum, Vice President Ahmad Jawad said despite several attempts to invest in the drip irrigation system, we still lagged behind. “Now is the time to analyse why has the system become a success throughout the world and not in Pakistan.
Similarly there are six main areas of concern that require critical attention through AICP. In each area, seeking foreign funds and foreign expertise is a must.

First, our food crop yields are low and food processing industries lag behind in value addition. Second, livestock productivity is low and meat processing industry is at a nascent stage.

Third, fields, farms and orchards producing vegetables, pulses, oilseeds and fruits are yet to be organised and maintained in line with the national requirement. Fourth, fisheries and poultry sectors suffer from lack of modern farming and processing practices.
Fifth, there is a need to ensure food security for a large and growing population. And sixth, country may increases the export of agricultural commodities to earn foreign exchange after taking care of growing local demand.

In this regard PBF official recommended the finance and revenue division to provide fiscal incentives to the farmers and amendments in the banking companies ordinance to faclitate payments of loans to the farmers by the banks including ZTBL.

Further, Jawad has also urged the Pakistan Customs and Commerce Ministry officials to arrange specials arrangements for the exports of kinnows to China in the celebrations of Chinese New Year.

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