In five districts of Punjab, 127,000 acres of land will be made available for corporate farming for a maximum of 30 years.
The rules and regulations for corporate farming under the CPEC were approved by the caretaker Punjab cabinet, which convened here on Thursday with the Chief Minister in the chair.
In five districts of Punjab, 127,000 acres of land will be made available for corporate farming for a maximum of 30 years. There will be no proprietary rights granted to those who receive land for corporate farming.
Corporate farming will aid in advancing agricultural research, ensuring food security, and advancing the study of the forestry and livestock industries. The chief minister assigned ministers tasks to address the artificial shortage of gasoline after becoming aware of it.
The Punjab Prevention of Speculation for Commodity Act, 2021, schedule was approved by the cabinet along with the purchase of three million metric tonnes of wheat from PASSCO. Additionally, it was decided to develop a precise system for flour subsidization. The required recommendations were sought in this regard.
Corporate farming refers to the practice of large agribusiness companies owning and managing the large-scale farms. This can include both crops and livestock, and may involve using modern technologies and industrial methods to maximize production and efficiency.
The Punjab Public Service Commission was used by the cabinet to approve hiring employees for the food division. The Pakistan Kidney and Liver Transplant Institute‘s Board of Governors was reconstituted with approval from the cabinet.
Additionally, it approved the creation of a new search committee for the selection of vice chancellors at public universities.
The grant of Rs 1 billion for the heirs of police martyrs was also approved by the cabinet. Political appointments in departments and organisations connected to the Planning and Development Board were also approved for de-notification. It endorsed the restoration of funds for paying honoraria to the staff during the “Afternoon School Programme” in 2020–21.