09 Apr

Pakistan: Italians keen to invest in olive oil production

Italian investors are keen to invest in olive oil production in Pakistan, said Italian Ambassador Vincenzo Prati while addressing the National Conference on “Olive oil Production in Pakistan: result and way forward” at Pir Mehr Ali Shah Arid Agriculture University Rawalpindi (PMAS-AAUR) on Wednesday.

He said there was a dire need to establish interaction between chambers of commerce of Pakistan and Italy to improve olive oil business between the two countries. “Pakistan is the biggest importer of edible oil and its economy bears a great burden annually on import of this valuable commodity,” he added.

“Olive plantation is not an easy task. It is not just to plant a tree. If you do not have suitable soil it cannot be planted. But Pakistan has been gifted with natural climate and soil for olive plantation and Potohar, NWFP & FATA are potential areas for olive production,” he added.

Food and Agriculture Secretary Muhammad Ziaur Rehamn said Pakistan was pre-dominantly an agriculture region. The contribution of agriculture to GDP in Pakistan is nearly 21 percent, he said.

“Our strategy is to enhance domestic edible oil production through vertical and horizontal increase in sunflower and canola crops as short term measures and to transform this sector into plantation economy,” he said.

He said they had planned to launch a mega project for promotion of olive oil products for poverty alleviation and economic development. He appreciated and thanked the Italian government for funding this project through Italian debt swap arrangements.

Pakistan Oilseed Development Board (PODB) Managing Director Kaiser Ali Shah said oilseed crops were facing competition with the important cash crops like; wheat, cotton and rice. “We have plans to move towards plantation economy besides exploring other niches for these crops,” he said. aamir yasin

[Source] Click here

5 Responses to “Pakistan: Italians keen to invest in olive oil production”

  1. Polish beer Says:

    I am glad to hear that the Mid East is being utilized for its great climate. People tend to forget that the Mediterranean is just under places like Pakistan and Iraq, both of which have very fertile land. If these conflicts would end the world could benefit from all the commerce that could take place around these areas. Regards!

  2. rohullah Says:

    Dear Sir,
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  3. zakaria Says:

    Well said Polish , by the way I am Pakistani 🙂

  4. jahanzeb Says:

    i am glad to hear that pakistan also possess the potential areas for olive cultivation , beside the areas of KPK ,and POTOHAR the vast areas of BALOCHISTAN have the wild olive trees which clearly indicates that this area is also one of the potential areas for olive farming. this mineral enriched province also carries the both mineral and agricultural potential to cope up the economical crunches of the country and the region

  5. Aetzaz Says:

    I m very keen olive tree farmer but due to lack of investment I can’t progress in Pakistan I can get the land if there is a keen investor out there plz contact me on the above given e-mail thanks

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