Fatima Group signs MOU with most renowned Chinese firms at the “Pak-China Agricultural Cooperation Forum” held in Islamabad on 30th October.
Renowned Chinese firms include China Machinery Engineering Cooperation (CMEC) which is specialized in construction and engineering and Xinjiang Tianye Group, which is leading Chinese enterprise specialized in high efficient irrigation and water saving drip irrigation technologies.
The high profile Forum was graced by H.E. President of Pakistan Dr. Arif Alvi and the Chinese Ambassador to Pakistan Mr. Yao Jing, as well as top ranking government officials from both sides and heads of leading private sector companies from both countries working in the field of agriculture.
The event marked a mutual understanding amongst leading agri-based companies from Pakistan and China to promote bilateral cooperation with each other in the field of agriculture and to boost mutual ties and partnerships, to maximize Pakistan’s agricultural output through modernization of agriculture infrastructure and associated technical capabilities, with the adoption of latest irrigation technologies and farming methods.
Senior management official at Fatima Group speaking about the MoU signing, “This MoU has laid the foundation for establishing close collaboration and technology transfer of modern agri-technologies and production processes to Pakistan. It not only aims to bring latest irrigation techniques and technologies within the reach of local Pakistani farmers, but to also improve their overall yield productivity and most importantly to protect our precious natural resource being water to be used more efficiently for irrigation purpose.”
This cooperation between the 2 countries is part of the CPEC, and the strategic alliance is helping Pakistan to strengthen its technological and financial capabilities towards economic uplift and betterment. Pakistan being an agri-based economy puts the development and modernization of agriculture at the heart of this strategic alliance and it’s associated objectives.
Agriculture is the most vital sector which can bring about revolutionary changes by increasing productivity and efficiency. It can also bring millions out of poverty and into the economic mainstream which is currently the most important priority for Pakistan.