Joint ventures for agri uplift should be invited: PTA
By Razi Syed
KARACHI: The Ministry of Investment (MoI) has decided to offer one million acres of farmland for long-term investment or sale to foreigners and an Emirates Investment Group.
Emirates Investment Group is in the process of acquiring farmland in Pakistan to export more food to Gulf region, Chairman Pakistan Tanners Association (PTA), Agha Saiddain said Wednesday. Instead of selling land it would be better to sell its yield to the people in the Gulf Region.
Apparently the decision of continuation of privatisation process looks similar to selling shares of PTCL, DFI’s, banks and other state enterprises or attracting foreign investment, he added.