AGL 38.41 Decreased By ▼ -0.07 (-0.18%)
AIRLINK 202.50 Decreased By ▼ -0.52 (-0.26%)
BOP 10.02 Decreased By ▼ -0.15 (-1.47%)
CNERGY 6.42 Decreased By ▼ -0.12 (-1.83%)
DCL 9.45 Decreased By ▼ -0.13 (-1.36%)
DFML 39.70 Decreased By ▼ -0.32 (-0.8%)
DGKC 98.88 Increased By ▲ 0.80 (0.82%)
FCCL 35.47 Increased By ▲ 0.51 (1.46%)
FFBL 87.75 Increased By ▲ 1.32 (1.53%)
FFL 13.80 Decreased By ▼ -0.10 (-0.72%)
HUBC 130.65 Decreased By ▼ -0.92 (-0.7%)
HUMNL 13.95 Decreased By ▼ -0.07 (-0.5%)
KEL 5.50 Decreased By ▼ -0.11 (-1.96%)
KOSM 7.41 Increased By ▲ 0.14 (1.93%)
MLCF 46.12 Increased By ▲ 0.53 (1.16%)
NBP 61.70 Decreased By ▼ -4.68 (-7.05%)
OGDC 220.50 Decreased By ▼ -0.26 (-0.12%)
PAEL 39.25 Increased By ▲ 0.77 (2%)
PIBTL 8.78 Decreased By ▼ -0.13 (-1.46%)
PPL 197.00 Decreased By ▼ -0.88 (-0.44%)
PRL 39.40 Increased By ▲ 0.37 (0.95%)
PTC 25.61 Increased By ▲ 0.14 (0.55%)
SEARL 106.99 Increased By ▲ 3.94 (3.82%)
TELE 8.90 Decreased By ▼ -0.12 (-1.33%)
TOMCL 36.49 Increased By ▲ 0.08 (0.22%)
TPLP 13.80 Increased By ▲ 0.05 (0.36%)
TREET 24.91 Decreased By ▼ -0.21 (-0.84%)
TRG 57.80 Decreased By ▼ -0.24 (-0.41%)
UNITY 33.55 Decreased By ▼ -0.12 (-0.36%)
WTL 1.69 Decreased By ▼ -0.02 (-1.17%)
BR100 11,897 Increased By 6.6 (0.06%)
BR30 37,138 Decreased By -218.4 (-0.58%)
KSE100 110,634 Decreased By -436.2 (-0.39%)
KSE30 34,782 Decreased By -127.3 (-0.36%)

LAHORE: Under the umbrella of China-Pakistan Economic Corridor (CPEC) agriculture programme, a Chinese food company in collaboration with Pakistani company has planned to sow high yielding hybrid chilli over an area of 8,000 acres of land for export of its production back to China.

As per the initial negotiation between the two sides, Litong Food in collaboration with the Guard Group of Pakistan will sow high yielding hybrid chilli crop over 5,000 acres of land during the coming season while another 3,000 acres will be sown at its own in Pakistan.

As per the plan, this area under chilli crop will be increased to 200,000 acres of land in the future. Setting up of a processing plant after achieving 50,000 metric tons of hybrid chilli production and a breeding station to ensure transfer of technology of chilli production is also the part of the proposed collaboration.

Guard Agricultural Research & Services (Pvt) Ltd’s CEO Shahzad Ali Malik while talking to Business Recorder on Thursday said the Chinese government had short-listed its two companies under its CPEC projects in agriculture and livestock. Litong has been selected in Agriculture while Royal Company has been selected for livestock projects.

He said his company was already experimenting sowing of high yielding hybrid chilli seed in Pakistan for the last six years and got very encouraging results. He claimed that the Chinese company keeping in view the track record of successful promotion of hybrid rice, chilli and tomatoes contacted them to work in collaboration with them.

It has also been planned to set up a 500 acres model farm in Southern Punjab which would start working by the end of October after signing of a Memorandum of Understanding (MoU) between both the companies.

Copyright Business Recorder, 2022

Comments

Comments are closed.