CPEC Agri corridor sows seeds of economic growth
According to a media report, the agriculture industry has received numerous tractions as 2022 draws to a close under the China-Pakistan agriculture collaboration, which promises tremendous agricultural growth throughout all of Pakistan. Given the extensive range of collaboration under the “CPEC Green Corridor” throughout the year in 2022, the agriculture sector has seen an impressive growth of 4.4% and outperformed both the objective of 3.5% and the growth of 3.48% last year during FY2022.
ISLAMABAD – As the year 2022 is going to conclude, the agriculture sector has gained manifold tractions under the China-Pakistan agriculture cooperation promising the phenomenal agriculture growth in the length and breadth of Pakistan, according to a report published by Gwadar Pro on Saturday. Given the comprehensive spectrum of cooperation under the “CPEC Green Corridor” throughout the year in 2022, the agriculture sector has recorded a remarkable growth of 4.4 per cent and surpassed the target of 3.5 per cent as well as last year’s growth of 3.48 per cent during FY2022. According to the Economic Survey, the growth in the agriculture sector recorded 4.4per cent and surpassed the target of 3.5 per cent. This remarkable growth is mainly underpinned by China-led assistance to Pakistan of many facets relating transfer of hands-on experience in the fields of intercropping, high-yield seeds, pest control, hybrid cultivation, corporate farming, innovate irrigation technique, agri machinery training, agri research & development, protocol for Pak agri exports to China, digital farming and agri labour skills. Since Sino-Pak agriculture continued to deepen in 2022, Pakistan’s agricultural products exported to China from January to August 2022 reached $730 million with a year-on-year increase of 28.59 per cent. Pakistan’s agricultural exports to China are expected to exceed a record high of $1 billion next year. On the back of 2022 agri sector’s milestone achievement, the focus of next year under CPEC Green Corridor will be continuing on improving land cultivation area, water management, better access to markets for inputs (seeds, fertilizers, farm mechanization, credit, water) and outputs, improved infrastructure including storage and cooling facilities, reduction in post-harvest losses, greater investment in research, development and extension, improved quality and fulfilment of quarantine requirements for international markets and competitiveness, greater diversification, especially minor but high-value crops, farm input and effectiveness of markets. The announcement of three new corridors under CPEC including China-Pakistan Green Corridor (CPGC), which focuses on agricultural environment and food security speaks volumes about the significance of agricultural cooperation in CPEC. The inauguration of the Intercropping Research Center jointly established by Sichuan Agricultural University (SAU) and the Islamia University of Bahawalpur (IUB) in 2021 showed fantastic results in the 2022 season. Another healthy development in the agriculture sector happened in June, 2022 when a newly developed centre at Arid Agriculture University Rawalpindi (AAUR), the CPEC-Agriculture Cooperation Centre (ACC), announced to perform policy research, assist Chinese businesses in working in the agriculture sector, and foster institutional cooperation. Pakistan is also looking forward to enhance banana production with Chinese cooperation. During July, 2022, Tianjin Modern Vocational Technology College (TMVTC), China and MNS-University of Agriculture, Multan (MNSUAM), Pakistan signed an online agreement for an agricultural machinery training program of Luban Workshop in Pakistan. The two institutions will jointly promote the sci-tech exchanges and cooperation on agricultural machinery, germplasm resources and agricultural environment.
Pakistan’s capital market delegation visits China, signs MoUs
Karachi – A high-level delegation from Pakistan’s capital market, led by Mr Akif S…