Agricultural sector has enormous potential, Zubair Tufail meets IMF Chief
President of the Federation of Pakistan Chambers of Commerce and Industry Zubair Tufail has said Pakistan offers huge opportunities to foreign investors in the agriculture sector that include crops, seeds, livestock, farming and processing.
Foreign investors could generate handsome profits by investing in Pakistan and export their products to Iran, Afghanistan, Middle East, Central Asia, EU, US and many other countries, he said.
Zubair Tufail said this while talking to different delegations of businessmen representing various countries at the side-lines of WTO forum in Geneva.
He invited them to invest in lucrative Pakistani market which will also result in improved per acre yield, build up the resilience of crops and enhance the standard of living of the farming communities.
The president Federation of Pakistan Chambers of Commerce and Industry informed them about the investment opportunities in Pakistan, supportive rules and regulations, government’s interest in foreign investment, assistance offered to investors, and excellent climate for such ventures.
He said that many Chinese entrepreneurs have started efforts to set up agriculture farms and factories in Pakistan.
Chinese are also establishing a silk factory in Pakistan which will create thousands of jobs and it would make our country self-sufficient in the silk production, he added.
Zubair Tufail told them that Pakistani Government is investing in water storage and distribution, improving regulation of seed markets, offering incentives to encourage private investment in this critical sector and taking steps to reduce the cost of production for the farmers.
Pakistan’s agricultural sector has enormous potential are we are ready to tap this potential along with foreign investors which will boost overall economic growth, enhance food security and significantly improve the welfare of the poor.
Federal Commerce Minister Pervaiz Malik, Chairman WTO Committee Saifullah Khan and other top officials are also attending the moot while the president of the Apex Chamber also met IMF MD Christine Lagarde.—Agencies