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Rs83bln projects identified to modernize agriculture sector under CPEC
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National Assembly of Pakistan
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Pakistan and China’s $15-bn meat market
May 8, 2021
With multiple challenges, Pakistan is edging closer to making its debut as a meat exporter country, with an eye firmly on China’s meat market which is worth around $15 billion annually. Recently, Pakistan company “Organic Meat Company Ltd” (TOMCL) received the official approval for registration with Chinese Custom Authorities to make a start to export heat treated beef meet to China.
Along with new development, arduous efforts are on the way as special focus is likely to be furnished on how Pakistan can get status of international meat export country in upcoming Joint Cooperation Committee (JCC) meeting under CPEC framework on agriculture and Livestock. Further thrust is going to be made on full activation of China Pakistan Free Trade Agreement (CPFTA) phase II that incentivises Pakistan exports items including meat and Chinese’s assistance to vaccination & training to Pakistan exporters and Livestock growers.
Govt decides to import 4m MT of wheat
NPMC says a whopping $1.2b will be required for the task
Ministry of Commerce told the committee that TCP had imported 100,000 tons of wheat while Passco imported 460,000 tons. PHOTO: FILE
ISLAMABAD:
The government on Monday decided to import four million metric tons of wheat this year to meet the domestic consumption requirements and again “hard-pressed” the national data collecting agency to reconsider its inflation calculation methodology. Finance Minister Shaukat Tarin again asked the Pakistan Bureau of Statistics (PBS) to change its price methodology as he believed that the prices of essential commodities were over-reported, officials of the Ministry of Finance and PBS told The Express Tribune.
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