Global Rice News

Unity Foods Limited, a leading agro-products company, is proud to be the Principal Sponsor of the 7th Edition of The Future Summit. This two-day event brings together experts and thought leaders from various sectors to discuss the key issues and opportunities facing Pakistan. This year, the theme of the summit is “The Big Picture,” focusing on the future of the country.

At the event, Farrukh Amin, the CEO of Unity Foods, delivered the keynote speech. He highlighted the numerous opportunities in the agriculture sector for local and foreign investors, despite the current economic challenges faced by Pakistan. Factors like the COVID-19 pandemic and floods in 2022 have led to a drop in per capita income not only in Pakistan but in other nations like Japan, China, and Egypt as well. However, Amin emphasized the potential of Pakistan’s agricultural sector, citing its large population, extensive irrigation network, and impressive global rankings in various crops such as wheat, rice, milk, mangoes, cotton, and sugarcane. He also mentioned the recent success of a 73% surge in agricultural exports, particularly in rice and sesame seeds to China.

Amin provided a comprehensive overview of the economic contribution of the agricultural sector, highlighting a projected 126% growth in cotton production that is expected to boost textile exports. He urged both local and foreign investors to consider the agricultural sector as a lucrative opportunity, noting the growing demand for locally produced food and the potential to reduce imports. Despite the current challenges, Amin expressed optimism, envisioning a positive economic turnaround in Pakistan through collective efforts and investments.

During his speech, Amin emphasized that food demand will always exist in Pakistan due to its large and growing population. He also highlighted the investment potential in the food and agriculture sector, which not only meets domestic demand but also creates export opportunities. Amin gave the example of Pakistan’s significant imports of edible oils and oilseeds, totaling US$4 billion. He stated that investing in crops that yield edible oils could lead to import substitution and save precious foreign exchange.

Another prominent figure at The Future Summit was Mr. Amir Shehzad, the visionary Executive Director of Unity Foods. He participated as a panelist discussing Sustainability, Climate Change, and Decarbonization. Shehzad emphasized Unity Foods’ commitment to achieving Net Zero and its efforts towards decarbonization. He urged all stakeholders to take proactive measures to address climate change and decarbonization, rather than simply reacting to these issues. Shehzad stressed the importance of immediate action and how our collective efforts today will shape a sustainable future.

Unity Foods, along with its brand Sunridge, is deeply committed to addressing critical issues such as malnutrition and food security. The company has undertaken various sustainable initiatives, including farmer education programs, fortification of food products with essential nutrients, and expansion into corporate farming to enhance the quality and yield of produce.

The Future Summit featured a lineup of international and national speakers from diverse sectors, including the caretaker Federal Minister for Energy, Power & Petroleum. The first day’s sessions covered various topics, including Sustainability, Climate Change & Decarbonization, Leadership & Strategy in the Age of Disruption, and Forging the Future.

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