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.
Pakistan is offering land with preferential policies, especially in areas prone to floods, as part of their efforts to support the chili industry and mitigate the impact of climate change
- Gwadar Pro
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05 January 2024
The Pakistan government has given the military a significant stake in a 4.8 million acre agricultural project in the Cholistan desert, raising questions over profits made from public lands and the impacts on small farmers.
- Bloomberg
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04 January 2024
The Pakistani side will provide land for farming and industry, labor, and other related facilities, while the Chinese side will provide technology and investment and will buy chilli from Pakistan.
- China Economic Net
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18 October 2023
The Special Investment Facilitation Center has asked the Ministry of National Food Security and Research for an update on the invitation sent to the Almarai company of Saudi Arabia to invest in farming in Pakistan.
Pakistan's army is taking over vast swaths of government-owned land to grow food but the moves are fanning concerns about the powerful military's pervasive presence in a country facing economic collapse.
Arab News speaks exclusively to CEO of FonGrow, spearheading agriculture projects under new investment body, who says Pakistan is in talks with Saudi companies like Al-Dahara, Saleh and Al-Khorayef for investment in corporate farming.
- Arab News
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22 September 2023
With Pakistan’s parliament's approval of the Special Investment Facilitation Council on August 1, all is now set for offering investors to procure huge lands for agriculture farming.
President Kissan Ittehad Khalid Mehmood Khokhar dismissed misconceptions created by some elements claiming that corporate farming would deprive the small farmers of their cultivable lands.
- Daily Times
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04 August 2023
Pakistan has in principle approved 28 projects worth billions of dollars that would be offered to Gulf countries, including an 85,000 acre corporate farming project in the Cholistan desert.
Pakistan Chambers of Commerce calls upon the government to unveil rules and regulations for agriculture real estate investment trusts to enable large stretches of land to be sold to individuals or legal entities.
The 5,000 acre farm in Muzaffargarh, Punjab is a joint venture between the Samsons Group of Pakistan and the Haier Group of China.
- Business Recorder
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02 June 2023