ISLAMABAD, Feb 5 (INP) The United Business Group (UBG) of FPCCI on Sunday asked the government to pay attention to the agricultural development and include agricultural projects in the China-Pakistan Economic Corridor (CPEC).
Government should not underestimate the matchless potential of agriculture and its sub sectors and it should invite Chinese to invest in these sectors with focus on value addition and food processing, said UBG Zonal Chairman Naseem-ur-Rehman.
Improvement in agriculture, which is over twenty percent of the GDP will improve lives of millions of people linked to this sector in Pakistan, he said.
Naseem-ur-Rehman said that Pakistan and China have focused on energy, infrastructure, transport, industry and ports but agriculture has not been given due importance.He lauded the move of the government to include Keti Bandar, Karachi Circular Railway and Dhabeji Special Economic Zone in the CPEC.
China has invested heavily in the agriculture sector in Africa therefore Pakistan should lure the friendly country as we are close to them and have vast land for the purpose, he observed. He said that Pakistan’s per acre yield is less then China and India while wastage of water is high because of primitive farming methods.
Agriculture sector is suffering from lack of innovation, absence of value addition and apathy of banks which calls for immediate intervention by local authorities which will also attract Chinese investors which will also settle the issue of food security.