Пакистан может увеличить инвестиции в производство оливкового масла

Published 2022년 9월 2일

Tridge summary

Pakistan is seeking to reduce its reliance on edible oil imports by enhancing investment in olive oil cultivation and extraction. The country has a vast amount of land suitable for olive production and has the potential to become a significant olive oil exporter. Olive trees can start producing oil five years after planting, and one acre can yield 200 to 300 liters of olive oil annually. Pakistan faces high inflation, with its Consumer Price Index reaching 27.3% in August, caused by rising prices of essential foodstuffs. The floods have further disrupted crops and supply chains, exacerbating the food shortage and economic crisis. The government is considering importing olive tree varieties from Spain, Italy, and Turkey to encourage farming communities to engage in olive cultivation.

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Original content

Pakistan can end its dependence on edible oil imports for domestic needs by increasing investment in olive oil cultivation and extraction. “Pakistan has a lot of potential for olive production as the country has vast tracts of land suitable for planting and grafting millions of wild olive trees,” an Investment Board spokesman told WealthPK. Pakistan could also export olives and other by-products if olive cultivation is commercialized, he said. The official said that Pakistan annually imports about $3.5 billion worth of edible oil. "Imports need to be reduced through the establishment of olive oil extraction enterprises and the expansion of olive cultivation, which will increase exports, create jobs and improve people's living conditions." According to Dr. Abdur Rehman, senior research fellow at the Agricultural Research Institute in Tarnab, Peshawar, Pakistani edible oil imports include rapeseed, sunflower, soybean and olive oils. “Pakistan imports over 4,000 tons of olive oil ...

Source: Oilworld