PBF Calls For Pak-China Agricultural Collaboration
Sumaira FH Published August 01, 2021 | 03:40 PM
LAHORE, (UrduPoint / Pakistan Point News - 1st Aug, 2021 ) :Agricultural collaboration with China will give direction to move forward to adopt international practices in Pakistan as well as stimulate economic and social development.
Talking to APP here Sunday, Pakistan Businesses Forum (PBF) Vice President Ahmad Jawad, "We must adopt a global and international perspective in our business practices in order to make its agricultural products more competitive in international markets to earn valuable foreign exchange." To a question, he said the use of old cultivation and production methods, negligence on international market quality certification systems, quality control standards, and least understanding of consumers' needs had since long been the reasons behind the less demand of Pakistan's products in the international market.
"Pak-China cooperation in agriculture can be most significant in the bilateral economic relationship. The focus of collaboration in this sector should be high yields, lower consumption, food security, local suitability, adoption of technology and research and development," he maintained.
He was of the view that 'Jo Banain Gaen, Khayen Gaen' (we eat what we produce) was the idea that needed to be implemented if we want to make our economy grow at a fast pace. People of most countries realized the importance of locally produced goods, so much so that even in the richest country in the world, he said, adding that this approach should be promoted to strengthen the agriculture and manufacturing sector of the country a lifeline for the economy.
In this regard all available resources must be utilized to transform this idea into reality.
To another question, he mentioned, "We also need an export-driven growth strategy, yet we are far behind.
Even leading economies cannot function without exports therefore experts on trade should be hired for policy formulation." Ahmad Jawad suggested that a public-private partnership could be mutually beneficial in developing reforms/policy/frameworks that could holistically focus on exports; diversity of products, prioritizing services sector, and implementation of simple, easy to comprehend, schemes and incentives.
Private sector had to develop its own brands on a war footing for survival otherwise neighbouring countries will continue to sweep international markets," he said.
He asserted, "Pakistani missions abroad must also help introduce and promote Pakistani products in the respective country and ensure dissemination of trade-related information so that Pakistani entrepreneurscan avail trade opportunities to the maximum."
Related Topics
Recent Stories
Senate continues discussion on Presidential address to Joint Sitting of Parliame ..
Masood Khan calls for Pak-US cooperation for regional peace
Interior Minister starts Margalla Trail Patrol for security
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
Today Gold Rate in Pakistan 26 April 2024
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
More Stories From Business
-
Machinery equipment assembling grew by 70.98% in 08 months
14 minutes ago -
Gold rates up by Rs.2,500 per tola to Rs245,000
24 minutes ago -
Miner Anglo American rejects BHP's $38.8 billion takeover bid
54 minutes ago -
Exchange rates for currency notes
3 hours ago -
Foreign exchange rates
4 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
4 hours ago
-
Today Gold Rate in Pakistan 26 April 2024
4 hours ago -
Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
13 hours ago -
Pak-US officials engage to enhance trade, investment ties
14 hours ago -
Stocks fall as tech shares sink, US economy slows
15 hours ago -
Higher taxes, awareness help decrease cigarettes sale in Pakistan
16 hours ago -
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
16 hours ago