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LAHORE: The Punjab cabinet on Tuesday approved leasing out of state land for corporate farming under the China-Pakistan Economic Corridor (CPEC).
The cabinet which met under the chair of Chief Minister Usman Buzdar directed a ministerial committee to devise the lease rules while approving 500 to 5,000 acres of land for corporate farming to create job opportunities and to modernise the agriculture sector for food security.
The issue of corporate farming under CPEC was pending since the PML-N government, which had set up a special cell at the agriculture department to work out modalities for the purpose and had planned to establish seven agro-economic zones along the CPEC route to take full advantage of the development opportunity coming its way by promoting high-value agriculture and related businesses there.
The department also tried to woo investment from China by offering partnerships in organic farming, hi-tech agricultural mechanization industry for domestic as well as export purposes, development of precision and high-value agriculture, development & production of seed and seed technology (hybrid and open pollinated varieties), manufacturing of pesticides and fertilizer units along the CPEC route, and processing units for value-addition of agriculture products along the CPEC route.
The cabinet also decided to declare unclassified forests as protected forests along with declaring Namal Lake a wetland. It was decided to transfer rare birds from the first schedule...
Read Full Story: https://www.dawn.com/news/1677750/cabinet-approves-lease-of-state-land-for-corporate-farming-under-cpec
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