
Pakistan launches new agri-trade authority to promote modern agriculture
The new National Agri-Trade and Food Safety Authority (NAFSA) has been set up under a reform drive led by the Special Investment Facilitation Council (SIFC), a civil-military hybrid body formed in 2023 to fast-track foreign investment and economic reform in strategic sectors, including agriculture, mining, IT and defense production.
NAFSA consolidates the Department of Plant Protection (DPP) and the Animal Quarantine Department into a single authority aimed at promoting modern agricultural practices, reducing excessive chemical use and facilitating trade in agricultural products.
'The establishment of the new body, by merging DPP and Animal Quarantine, is an important milestone toward development of agriculture sector,' the APP report stated.
The report did not provide further details on NAFSA's governance, regulatory powers and rollout timeline.
Agriculture remains a cornerstone of Pakistan's economy, employing nearly 38 percent of the workforce and contributing around 19 percent to the country's GDP. However, the sector has long faced challenges, including outdated practices, poor regulatory oversight, low export competitiveness and barriers in meeting international sanitary and phytosanitary (SPS) standards.
By centralizing regulatory oversight and compliance, the government hopes NAFSA will address long-standing inefficiencies and support value-added agricultural exports.
'NAFSA is aimed at introducing modern agricultural systems according to global standards,' the APP said. 'It will help reduce unnecessary use of Methyl Bromide, saving up to forty thousand rupees per container.'
Methyl Bromide, a fumigant used to control pests during export processing, has been heavily restricted under global environmental protocols due to its ozone-depleting properties. NAFSA's efforts to limit its use are expected to improve both environmental sustainability and export cost efficiency.
The move aligns with broader reforms spearheaded by the SIFC, which was formed through a civil-military consensus to fast-track investment decisions, cut bureaucratic delays and attract foreign capital, especially from Gulf and Chinese partners, to priority sectors.
'Transparency and innovation is being promoted in the agriculture sector with the support of the SIFC,' the APP report said.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Arab News
34 minutes ago
- Arab News
Pakistan launches simplified digital tax system as part of $47 billion revenue drive
ISLAMABAD: Pakistan's Federal Board of Revenue (FBR) will launch simplified digital tax returns for salaried individuals today, Tuesday, the prime minister's office announced, in a move aimed at increasing tax compliance and widening the country's historically narrow tax base. The launch is part of a broader reform effort tied to the government's economic stabilization agenda and structural benchmarks under a $7 billion International Monetary Fund (IMF) program. Despite a population of more than 240 million, Pakistan has one of the lowest tax-to-GDP ratios in the region, with only a small percentage of citizens filing returns. At a meeting to review progress on tax reforms, Prime Minister Shehbaz Sharif was briefed that besides the new tax system for the salaried class, user-friendly, digital tax return forms would also be made available to other taxpayer categories from July 30. Urdu-language versions will be introduced to increase accessibility for salaried individuals. 'A third-party validation should be ensured for the transparency of all FBR reforms,' the prime minister was quoted as saying by his office. 'Public awareness campaign should be launched regarding the ease of filing tax returns so that more and more people file returns under the new system.' In June, the government set a record-high tax collection target of Rs14.13 trillion ($47.4 billion) for the fiscal year 2025–26, marking a 9 percent increase from the previous year. Officials say meeting this goal is essential to reducing reliance on external debt and ensuring long-term fiscal sustainability. Sharif emphasized that expanding the tax net and easing the burden on low-income groups were key policy priorities. He also praised the FBR for deploying artificial intelligence in tax assessments, calling it a 'milestone' in modernizing the country's tax infrastructure. 'The prime minister directed provision of special facilities to small and medium-sized businesses to join the digital invoicing system,' the statement from his office said. IMF country representative Mahir Binici said last week Pakistan's recent reforms had helped restore macroeconomic stability and rebuild investor confidence but warned that global uncertainty continued to pose significant risks. 'Structural reforms remain central to Pakistan's long-term economic sustainability, particularly reforms that strengthen tax equity, improve the business climate, and encourage private-sector-led investment,' Binici said during a recent lecture at an Islamabad-based think tank. He added that geopolitical tensions, weakening global cooperation and external shocks required governments like Pakistan's to take prudent, forward-looking actions to shield their economies.


Arab News
an hour ago
- Arab News
‘Generational benefits' from Reko Diq mines will uplift conflict-hit Balochistan — Barrick CEO
QUETTA: The chief executive of Canadian mining firm Barrick Gold said this week the multibillion-dollar Reko Diq copper and gold project in Pakistan's Balochistan province will deliver 'generational benefits' to the impoverished, conflict-hit region, as he met residents of Humai village near the mine site. The Reko Diq project, jointly owned by Barrick and the governments of Pakistan and Balochistan, is one of the world's largest undeveloped copper-gold deposits. Long delayed by legal disputes and concerns over foreign investment, the mine is seen as a potential economic game changer in a province that has long suffered from poverty, underdevelopment, and armed separatist violence. Balochistan, Pakistan's largest but least populated province, has for years seen unrest rooted in demands for greater autonomy and a larger share of natural resource revenues. Separatist militants have regularly targeted infrastructure, Chinese investments, and security forces. Against this backdrop, Barrick has emphasized its commitment to inclusive and transparent development. 'Reko Diq is not just a mining project; it is a multi-generational opportunity that promises sustained economic and social development for local communities for decades to come,' Barrick CEO Mark Bristow said in a statement on Monday released after he visited Humai, the closest village to the project site in District Chagai. Bristow met local elders and development committee members, reaffirming the company's goal to invest in job creation, skills training, education, and health care for Baloch communities. 'We are creating job opportunities not only through RDMC but also through our large network of partner and supplier companies that are coming onboard to support this major development,' Bristow said. 'Currently, 75 percent of our workforce is from Balochistan — the majority from District Chagai — and we aim to continue strengthening this local representation.' Bristow also highlighted recent investments in health care, including a new Mother and Child Health Center in Humai that offers maternal care services — the first such facility of its kind in the area. 'No meaningful development of this world-class mineral resource can happen without the active involvement and support of the people who live here,' he said. Humai village chief Liaqat Malik and Par-e-Koh Community Development Committee Chairman Taj Muhammad thanked Bristow and RDMC for their engagement and development work, pledging continued community support for the project, according to the Barrick statement. The Reko Diq project is expected to begin production by 2028 and generate thousands of jobs while significantly boosting Pakistan's export revenues. The Pakistani government has said it will ensure environmental protections and fair distribution of project benefits, though watchdog groups continue to call for greater transparency and community participation in oversight.


Al Arabiya
2 hours ago
- Al Arabiya
Chinese Economy Grows At A 5.2% Annual Pace In April-June Quarter Despite Trade War
China's economy slowed in the last quarter as President Donald Trump's trade war escalated, but it still expanded at a robust 5.2 percent pace, the government said Tuesday. That compares with 5.4 percent annual growth in January–March. The government said Tuesday that in quarterly terms the world's second largest economy expanded by 1.1 percent. In the first half of the year, the Chinese economy grew at a 5.3 percent annual pace. A key factor was strong exports. On Monday, China reported that its exports accelerated in June, rising 5.8 percent from a year earlier, up from a 4.8 percent increase in May. A reprieve on the painfully high tariffs on Chinese exports to the United States prompted a rush of orders by companies and consumers as the two sides resumed trade talks. Chinese companies also have expanded exports to and offshore manufacturing in other countries, helping to offset the impact of higher tariffs imposed by the Trump administration. 'Generally speaking, with the more proactive and effective macro policies taking effect…the national economy maintained steady growth with good momentum, showcasing strong resilience and vitality,' the report by the National Bureau of Statistics said. However, a 0.1 percent decline in consumer prices in the first half of 2025 showed continuing weakness in domestic demand, a long-term challenge for the ruling communist party.