Coordinator to Federal Tax Ombudsman Meher Kashif Younis on Sunday said with corporate farming, Pakistan would not only stimulate economic activities but also revolutionize it’s agriculture sector unlocking potential opportunities in food-related various industries.
Speaking at a seminar on “ Corporate Farming Promise Food Security” held under the aegis of Gold Ring Economic Forum, he said adopting corporate farming on state lands will not only facilitate the implementation of modern irrigation systems but also contribute to land development in Pakistan, said a news release issued here.
He said, “It entails reclaiming barren lands including deserts and hilly areas and transforming them into arable lands suitable for farming and agriculture.”
“Corporate farming requires simultaneously addressing the needs of small-scale farmers giving them access to modern processes, quality inputs, tools, and techniques for sustainable competition,” he emphasized.
He said, “For attracting foreign direct investment, the government must declare agriculture as an industry and implement a timely investment policy tailored to induce foreign investment which will pave the way for the country’s progress and prosperity.”
Meher Kashif Younis said, “Agriculture development is one of the most powerful tools to end abject poverty, boost shared prosperity and feed a projected 9.
7 billion people by 2050.” He said, “Growth in the agriculture sector is two to four times more effective in raising the income among the poorest compared to other sectors. However, he said the potential in this sector is not being fully exploited in Pakistan.”
He said, “Approximately seven million acres of identified land suitable for corporate agriculture across all provinces is available that needs the immediate attention of the stakeholders at the helm of affairs.
