Pak, Russia sign MoU for agricultural cooperation

App App | 09-14 00:25

ISLAMABAD:

Pakistan and Russia are set to sign a Memorandum of Understanding (MoU) to promote agricultural cooperation aimed at developing the local agriculture sector and enhancing the productivity of agricultural products.

Russia will also provide technical assistance for modernising fertiliser manufacturing plants in Pakistan to boost the output of fertilisers and meet local agricultural input requirements. This consensus was reached during a meeting between Minister for National Food Security and Research Rana Tanveer Hussain and Russian Ambassador Albert P Khuriev, said a press release.

During the meeting, matters of mutual interests, with focus on enhancing cooperation in the industrial and agricultural sectors, as well as promoting trade and investment relations between the two countries came under discussion.

Tanveer emphasised Pakistan's commitment to further strengthening bilateral relations with Russia, particularly in trade and investment. He assured that Pakistan would offer all possible support to Russian investors to advance bilateral trade and investment ties.

The minister also highlighted that modern agricultural machinery and other inputs were essential for increasing agricultural productivity. He noted that bilateral cooperation in agriculture would facilitate technology transfer, enhancing the productivity of both major and minor crops as well as livestock output.

Additionally, Ambassador Khuriev invited agricultural experts from Pakistan to visit Russia and share their knowledge with Russian agri-scientists and experts, with the aim of improving per-acre crop output in their country. He mentioned that Russia would supply modern agricultural machinery to Pakistan to support the promotion and development of the agricultural sector.

Secretary Ministry of National Food Security and Research Amir Mohyudin and the Secretary Ministry of Industries and Production Saif Anjum also attended the meeting.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Banks' balance sheet swells on hefty lending to govt

KARACHI: The State Bank of Pakistan (SBP) has said that the balance sheet of the banking sector expa...

USD drops as Federal Reserve cuts interest rates by 0.5%

NEW YORK: The dollar dropped after the Federal Reserve on Wednesday cut interest rates by half a per...

Telecom tax dispute lands in SIFC

KARACHI: The ongoing tax dispute between provincial governments and Long Distance and International ...

PAKSAT-MM1 to expand internet access: IT minister

ISLAMABAD: Minister of State for Information Technology and Telecommunication, Shaza Fatima Khawaja,...

Industries violate emissions rules

LAHORE: As the threat of smog looms ahead of the arrival of winter, the Punjab government is facing ...

Stakeholders decry 18% GST on EVs against EDB policy

KARACHI: To promote the Electric Vehicle (EV) revolution in Pakistan, the Ministry of Industries and...