The Special Investment Facilitation Council (SIFC) and Najd Gateway Holding Company have signed an agreement that will enable Pakistan and Saudi Arabia to enhance bilateral cooperation in the livestock sector. Under the agreement, 5,000 acres of alfalfa cattle fodder will be grown for export by the company.
It has been announced that a new pact has been signed for the cultivation of fodder – a major source of protein for livestock, as well as a staple diet for animal farms – that is expected to be exported. The fodder will also be used as a fuel for various domestic animals such as dairy cows, beef cattle, horses, sheep, goats, and other domestic animals.
A statement from the Government of Pakistan stated that Pakistan has great potential in breeding livestock products of the highest quality with a high nutritional and protein content. The statement added that in many countries of the world, this crop is cultivated as a fodder crop of great significance.
The SIFC is a hybrid forum that is being jointly run by the top civilian and military brass with the objective of attracting foreign investments by making complex business processes more straightforward to handle and avoiding inordinate delays caused by inordinate delays in the process.
A key objective of the council was to provide a central forum for the stakeholders to discuss cross-sectoral reforms, develop an enabling policy environment, and to raise awareness of Pakistan’s untapped resources, as well as promote the creation of a more conducive climate for investment.
In addition to the fodder cultivation agreement, Saudi Arabia and the United Arab Emirates (UAE) made a commitment to invest $25 billion each in Pakistan by September 2023, and this deal was a step forward in that regard.
A call between Crown Prince Mohammad Bin Salman and Prime Minister Shehbaz Sharif, shortly after the new premier assumed office in the country earlier this month, reaffirmed Saudi Arabia’s support for Pakistan by reaffirming her country’s commitment to the country.
As part of the telephonic conversation, MBS congratulated PM Shehbaz on his re-election, and afterwards, he expressed his appreciation for MBS’s call and for the warm message of greetings he sent immediately after he assumed office, in response to which PM Shehbaz thanked him for his phone call and warm message.
Moreover, owing to its close ties with Pakistan, the Kingdom of Saudi Arabia has launched a gift initiative in recognition of its longstanding brotherly relationship, which means that 30,000 individual gifts of high quality dates will be distributed to the people during the holy month of Ramadan as part of its gift programme this month.
Earlier this year, Sheikh Abdullatif bin Abdulaziz Al-Sheikh, Minister for Islamic Affairs, Dawah and Guidance, implemented a new program in response to the follow-up conducted by him.
Both countries enjoy strong state-level relations with each other, both in the economic and defense sectors, as well as in a wide range of other fields. In the time of tough economic times, Riyadh provided direct financial assistance to Islamabad, in addition to providing oil on a deferred payment system, in order to help Pakistan stabilise its economy amid severe economic challenges.
Timenews1 provided that news.
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