Pakistan sweetens terms to lure Saudi investment
- Tribune
- 23 April 2024
Pakistan has offered Saudi Arabia a cattle farm in Punjab for 30,000 animals and 50,000 acres of land on lease for corporate farming, with reports that a deal with the Saudi Agricultural and Livestock Investment Company (SALIC) could be signed next week when Pakistan's PM visits the Kingdom The government has indicated a 22% return on the investment in corporate farming with a payback period of only six years, said the sources. The sources said that due to the lack of availability of water corporate farming cannot begin for at least one and a half years.
