STAFF REPORT LHR: Pakistans agriculture seed market is worth almost $1500 million and it has huge potential and opportunities for investors. DG Federal Seed Certification and Registration, Syed Muhammad Nasir Ali expressed these views while recently talking to media.
He said that investment in agriculture seed and supply of certified seed was important not only to boost agriculture sector but also overall economy of the country.
He said the value of seed produced in Pakistan was $500 million while the value of imported seed was US $ 300 million which showed a market gap for investment of $700 million.
The DG said that certified seed availability of major crops in Pakistan was just 20 per cent while authorities had set a target for certified seed availability of 30 per cent for the next year.
He said the share of the public sector in seed availability was 22 per cent while private sectors share was 78 per cent. He said that there were four public sector seed organizations while five multinational seed companies and 789 national seed companies were operating in the private sector.
The DG said that legal hickups in the way of private seed breeders were being removed so that they could get an adequate and convenient way to produce and breed agriculture seed.