Pakistan will press ahead with plans to lease or sell farmland to foreign investors despite United Nations concern over such deals, arguing the land would otherwise lie fallow, Pakistan's foreign minister said.
This three years memorandum is not only setting a framework of cooperation but it includes some specific steps such as mutual beneficial arrangements in the agricultural sector (e.g. investment and provision of grain, development of a grain terminal)
Minister of Economy Sultan bin Saeed Al Mansouri said in remarks late on Tuesday that the UAE's food security strategy, which includes overseas agricultural investments, would be put before the federal cabinet for consideration.
The Maori trust has contracted to buy nearly 30,000ha of dairy, sheep, beef and deer farms throughout Southland, but some sellers have raised queries ranging from delays confirming the sales contracts to deposits not being paid as expected.
"I think it is not right to sell or give your land to foreigners... until you have exhausted every local possibility," said Osama Daoud, chief executive of the Sudanese DAL group which runs large agricultural projects.