Pakistan Dairy Sector Can Unlock Rs. 500 Billion Extra

Pakistan's dairy sector could generate almost Rs. 500 billion in annual administration revenue if its informal market is brought into the formal economy, Pakistan Dairy Association Chairman Usman Zaheer Ahmed stated.

Key points

• Federal Minister for National Food Security Rana Tanveer Hussain remarked food security is no longer just an agricultural problem but has become a matter of national security.
• Speaking at the closing ceremony on Friday, he remarked agriculture contributes 26 percent to GDP and supports the livelihoods of more than 100 million Pakistanis.
• Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.
• During the second day of the conference, State Bank of Pakistan Deputy Governor Salimullah identified three major constraints affecting farmers and agricultural lending.
• During a session on livestock investment, Omar Sagga, chairman of Jeddah-based meat trading firm Taraf, discussed growing interest from Gulf investors in Pakistan's meat processing industry.

He remarked formalizing and taxing even half of the informal dairy sector at a minimum rate of 5 percent could generate Rs. While the sector's full potential could take the figure close to Rs, 250 billion in annual revenue. 500 billion.

Ahmed was speaking during the Pakistan Agricultural Coalition's Agri Connections Conference and Expo at the Lahore Expo Center, where authorities and industry representatives discussed investment, financing, livestock, exports and technology in agriculture. Karachi Milk Could Hit Rs. 300.

He remarked farmers are facing growing challenges as floods become more frequent and destructive, damaging crops, killing livestock and wiping out years of farmers' work.

While the country's water situation has become increasingly concerning, tanveer remarked heat waves are additionally arriving earlier and lasting longer. Annual water availability per person has fallen from more than 5, 600 cubic meters at independence to below 900 cubic meters today, he remarked.

In practice, the minister remarked agriculture is a provincial subject, but food security is a national responsibility and requires collective action.

He remarked farmers have continued to backing the country through floods, droughts and other tough conditions, adding that they need better research, access to finance, fair markets and consistent policies.

He remarked the first is the high level of risk faced by farmers and inadequate insurance coverage. It makes banks more cautious concerning lending to the sector.

For context, the second challenge is the shortage of accredited warehouses. It limits banks' ability to maintain control over commodities and agricultural produce. The third is access to finance. It is closely linked to the first two problems.

Salimullah remarked the State Bank is working to develop an ecosystem that would produce greater banking-sector investment in agriculture commercially viable.

He remarked Pakistan has robust human capital and quality livestock, but investor interest alone does not translate into actual investment. A suitable ecosystem is needed to offer investors enough confidence to commit capital, he went on.

For context, the conference additionally featured a session on developing Pakistan's shrimp export industry and a roundtable between investors and the Securities and Exchange Commission of Pakistan on agricultural investment opportunities.

Hello Tractor CEO Jehiel Oliver of Kenya spoke regarding the future of technology and mechanization in agriculture.

He remarked the business is looking to expand mechanization in Pakistan, where administration programs such as Green Tractor and local manufacturers are supporting the sector. Pakistan to Export More Rice to Malaysia.

Oliver remarked Hello Tractor has developed a model that connects farmers with agricultural machinery that has excess capacity.

As ownership can place an unnecessary burden on their finances, he argued that farmers should have access to reliable and affordable equipment without necessarily having to own the machinery themselves.

PAC CEO Kazim Saeed presented the conference's resolutions and call to action at the conclusion of the event. Stay Connected with ProPakistani.

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For now, pakistan Dairy Sector Can Unlock Rs. 500 Billion Extra remains the part of the story worth watching, and further updates are likely as more details are confirmed.