Pakistan to lend 700,000 acres farmland to Arab states: Dawn

ISLAMABAD: 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 the ministry said, the decision has been taken keeping in view the interest of Arab countries in agricultural land of Sindh and Punjab. The government is also working to remove reservations of persons associated with the agriculture sector, a private news channel reported.

Investment Minister Waqar Ahmed Khan said if the government successfully achieves its objectives; it will pave the way to get the latest technology for the 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, Ministry of agriculture, said in an interview.

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