Government decides to lend 700,000 acres farmland to Arab states: Tauqir Ahmad Faiq

The ministry of investment has decided to lend 700,000 acres of farmland to Arab countries on the basis of long-term investment. An official of ministry said the decision has been taken keeping in view the interest of Arab countries in agriculture land of Punjab and Sindh. Government is also working to remove reservations of persons associated with agriculture sector. Investment Minister Waqar Ahmed Khan said it the government will successfully achieve its objectives; it will pave the way to get the latest technology for agriculture sector in the country. Over the past few weeks the Saudi government has been in talks with us to lease 700,000 acres of farmland and we are currently in the process of locating which land we could give them, Tauqir Ahmad Faiq, regional secretary at the ministry of agriculture, said in an interview. The land we will provide Saudi Arabia will be divided among the four provinces and they will be using it to grow a variety of produce such as wheat, fruits and vegetables, Faiq said. We are expecting a Saudi delegation to arrive after the month of Ramazan to further discuss the deal and see the land, but there is no set date when the deal will be signed.

ePaper - Nawaiwaqt