enormous investment prospects in Pakistan’s agricultural sector
Published on: November 16, 2023.
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Pakistan’s Agriculture Sector Holds Enormous Opportunities for Local and Foreign Investors, Says Unity Foods CEO
ISLAMABAD – CEO of Unity Foods, Farrukh Amin, emphasized the vast opportunities for both local and foreign investors in Pakistan’s agriculture sector. Speaking at “The Future Summit” event organized by Unity Foods Limited, Amin highlighted the sector’s potential, considering Pakistan’s large population, extensive irrigation network, and impressive global rankings in wheat, rice, milk, mangoes, cotton, sugarcane, and other crops.
In a positive development, Amin revealed that agricultural exports had witnessed a remarkable surge of 73% in October, particularly in rice and sesame seeds, with China being a significant trading partner.
Providing an overview of the sector’s economic contribution, Amin stated that a staggering 126% growth in cotton production is expected to boost textile exports, presenting lucrative investment opportunities for interested parties.
Investing in Agriculture: A Lucrative Opportunity
Amin encouraged both local and foreign investors to consider the agricultural sector as a profitable venture. He emphasized the increasing demand for locally produced food and the potential to reduce imports. Despite existing challenges, Amin remained optimistic, envisioning a positive economic turnaround for Pakistan through collective efforts and investments.
The Unity Foods CEO pointed out that Pakistan’s large and growing population ensures a steady demand for food. Investing in the food and agriculture sector not only meets this demand but also creates export opportunities, contributing to the nation’s economy. A striking example highlighted the import of edible oils and oilseeds worth US$4 billion. Amin proposed investing in the cultivation of oil-yielding crops as a means to substitute imports and save precious foreign exchange.
Unity Foods: A Commitment to Sustainability
Amir Shehzad, the Executive Director of Unity Foods, emphasized the company’s commitment to net-zero emissions and decarbonization. Recognizing the urgency to address climate change, Shehzad urged stakeholders to adopt proactive measures rather than reactive ones. He stressed the importance of collective action to create a sustainable future.
With its potential for growth and investment opportunities, Pakistan’s agriculture sector remains an attractive prospect for investors, both domestically and internationally.
Source: UrduPoint
