Descon joins forces with IFC to address postharvest losses in Pakistani staple grains.
Published on: February 9, 2024.
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Descon and the International Finance Corporation (IFC) have recently signed a Memorandum of Understanding (MoU) in a groundbreaking initiative to address the significant postharvest losses of wheat, rice, and maize in Pakistan. These losses amount to approximately USD 2 billion annually and contribute to food insecurity, affecting 36.8% of the population.
The collaboration between Descon and IFC aims to tackle the root causes of postharvest losses and create sustainable solutions for long-term food security in the country. This strategic alliance reflects a commitment to an inclusive approach, utilizing private sector initiatives to positively impact Pakistan’s agricultural sector.
Descon, well-known for its diversified business operations, has ventured into the agricultural sector with a visionary approach. The company is dedicated to empowering small-scale farmers and aims to play a pivotal role in transforming the agricultural landscape. By fostering sustainable practices and enhancing productivity within the agricultural community, Descon strives to make meaningful contributions to the betterment of small-scale farmers, promote economic growth, and ensure food security in Pakistan.
Faisal Dawood, the Vice Chairman of Descon, expressed his excitement about the collaboration, emphasizing the potential impact it can have on reducing postharvest losses and improving the quality of staple grains for the people of Pakistan. Through modernizing infrastructure and optimizing supply chain processes, Descon believes they can make a substantial difference in addressing this issue.
Descon’s expertise and resources, combined with IFC’s global reputation for fostering impactful initiatives, make them a formidable team in this endeavor. By leveraging their strengths, they aim to make a significant and positive impact on Pakistan’s agricultural sector, ultimately improving food security in the country.
Source: [Trade Chronicle](https://tradechronicle.com)
