Pakistan may become leading dairy producer by 2020: The News

KARACHI: Pakistan, having a vast potential in dairy production, is gaining momentum to emerge as an important player in the sector and lead the world by 2020.

Engro Foods Pakistan Chairman Asad Umer stated this while speaking on “The Dairy Business” at a forum organised by the Food Association of Pakistan the other day.

Asad said Engro Foods was projected to be the biggest business of Engro Company in the next five years.

Commenting on the challenges faced by the local dairy sector, he said existing knowledge gap, scattered animal holdings, poor milk collection infrastructure and legal framework on land availability were some of the main hurdles in the way of developing dairy farming in the country.

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Pakistan's dairy and agriculture sector opens new business prospects for GCC investors: Arabian Business

Country's agriculture industry outperforms China, India and Malaysia with 4.6 per cent growth rate.

The Pakistan's dairy and agriculture products and investment opportunities Forum was held in Dubai lately, where Al Rabie Saudi Foods Co. Ltd., a pioneering producer of dairy products and juices in the Kingdom of Saudi Arabia and the largest juice manufacturer in the Middle East has participated and was one of the sponsors of this forum as part of initiatives to strengthen its presence among Pakistan market players, this forum has introduced an audience of largely GCC-based corporate houses, financial institutions, fund managers, investors, relevant multinationals, local businesses and high-net individuals.

Mr. Monther Al Harthi, General Manager of Al Rabie Saudi Foods Co. Ltd., has submitted a strategic plan discussing many issues that concerns the dairy industry in the Saudi Arabia kingdom and their achievements in the last 30 years, this strategic plan include the development of dairy industry in the Saudi Arabia kingdom, the individual's consumption of dairy and its products, sources and amounts of dairy products locally and externally in addition to the customers expectations from these products and the role of the government monitoring parties in the dairy industry.

For more on this article, please click on the following link: Pakistan's dairy and agriculture sector opens new business prospects for GCC investors: Arabian Business