April 14, 2022: The Chairman Securities and Exchange Commission of Pakistan Aamir Khan said that given the receptive attitude of regulators towards fintech, high teledensity, internet penetration, and improvements in electronic payments infrastructure, there is a massive potential for the agri-tech market to flourish in Pakistan.
The SECP Chairman Aamir Khan was addressing a hybrid conference titled “Agritech: Empowering the Rural Farmers”, hosted by Pakistan Fintech Network and Pakistan Microfinance Network.
To overcome the challenges of the Agri sector, Khan said, the marriage of the agricultural sector with technology is the need of the hour. But for that to happen, the domestic market players have to embark on a journey towards Agritech in a meaningful way, by understanding the demands of small farmers and supporting them to scale up their value chain.
Khan said that given our large population size and being one of the countries vulnerable to climate change, it necessitates the use of innovative solutions to ensure scalability, sustainability, and efficiency of the Agri-value chain. Pakistan’s economy is profoundly dependent on the agricultural sector in terms of generating employment, ensuring food security and supporting a healthy balance of payment. Lack of access to formal credit and minimal use of technology, coupled with risks posed by climate change, are some of the key issues of the agriculture sector.
The SECP, on its part, has made numerous improvements in...
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