Food companies, especially food exporting firms, are hoping that they can benefit from a recent regulation that paves the way for the Agriculture and Forestry Ministry to lease out agricultural lands that are not cultivated for two consecutive years.
A military-owned company will lease the land for 30 years through joint ventures and allocate it to investors for farming projects
Pakistan has offered Saudi Arabia a cattle farm in Punjab with 50,000 acres of land on lease for corporate farming
Pakistan is offering land with preferential policies, especially in areas prone to floods, as part of their efforts to support the chili industry and mitigate the impact of climate change
The Pakistan government has given the military a significant stake in a 4.8 million acre agricultural project in the Cholistan desert, raising questions over profits made from public lands and the impacts on small farmers.
The Pakistani side will provide land for farming and industry, labor, and other related facilities, while the Chinese side will provide technology and investment and will buy chilli from Pakistan.
The Special Investment Facilitation Center has asked the Ministry of National Food Security and Research for an update on the invitation sent to the Almarai company of Saudi Arabia to invest in farming in Pakistan.
Pakistan's army is taking over vast swaths of government-owned land to grow food but the moves are fanning concerns about the powerful military's pervasive presence in a country facing economic collapse.
Arab News speaks exclusively to CEO of FonGrow, spearheading agriculture projects under new investment body, who says Pakistan is in talks with Saudi companies like Al-Dahara, Saleh and Al-Khorayef for investment in corporate farming.
With Pakistan’s parliament's approval of the Special Investment Facilitation Council on August 1, all is now set for offering investors to procure huge lands for agriculture farming.
President Kissan Ittehad Khalid Mehmood Khokhar dismissed misconceptions created by some elements claiming that corporate farming would deprive the small farmers of their cultivable lands.
Pakistan has in principle approved 28 projects worth billions of dollars that would be offered to Gulf countries, including an 85,000 acre corporate farming project in the Cholistan desert.
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