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Dubai: Pakistan is luring potential investors from the Gulf countries to invest in its agriculture and dairy sectors.
"Given the current food crisis, the development of agriculture and dairy sectors has become our top priority and we have opened our doors to foreign investors in these sectors," said Naveed Qamar, Federal Minister of Pakistan for Privatisation, Investments, and Ports and Shipping.
Speaking at the Middle East-Pakistan Agriculture and Dairy Investment Forum held in Dubai yesterday, Qamar said Pakistan would develop corporate farming culture to regularise the industry.
Ownership rights
"We are developing agri zones dedicated to foreign investors who, for the first time, will have 100 per cent ownership rights of the land."
He said the investing countries or individuals would be able to export their product to their respective countries without any hassle.
Qamar said the government would give fiscal incentives to investors in the agriculture sector, including tax-free import of machinery and fertilisers on subsidised prices.
Earlier, speaking on the occasion, Shaikh Nahyan Bin Mubarak Al Nahyan, UAE Minister of Higher Education and Scientific Research, said that he was proud of his relationship with the corporate sector of Pakistan.
"The president of Pakistan has been instrumental in allowing corporate and industrial culture to grow and gain confidence of investors. The environment for investment is ripe," he said.
Meanwhile, Ambassador of Pakistan Ehsanullah Khan ensured full cooperation to potential investors in the form of vital information, formation of joint ventures, identification of interested business groups and investors' inputs to the policy-makers in Pakistan.
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