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Fatima Group, one of many fastest-growing industrial conglomerates in Pakistan, has signed two MoUs of over USD1 billion with two key world agriculture stakeholders – China Equipment Engineering Firm (CMEC) from China and Sarh Attaqnia Co. (SAC) from the Kingdom of Saudi Arabia.
A proper signing of the enterprise partnership was held on the Pakistan Pavilion consistent with the continued Agriculture Week at Expo 2020 Dubai. Fatima Group is main the initiative of remodeling Pakistan’s agriculture to function the world’s meals basket. They’ve been often called Pakistan’s fastest-growing industrial conglomerate with greater than $1 billion in income in industries like fertilizers, vitality, textiles, sugar, cement, and enterprise capital investments.
“As chairman of a number one Pakistani conglomerate, it’s my imaginative and prescient to deliver trendy precision farming to Pakistan. We as a rustic are blessed with immense potential and I strongly imagine that with the correct companions we are able to create a giant distinction not only for Pakistan’s meals safety however your entire area’s. We’re grateful to our Chinese language and Saudi counterparts who’ve put their belief and religion in us. I’m hopeful that this landmark will result in many extra such partnerships and funding alternatives for future,” stated Mian Fawad Ahmed Mukhtar, Chairman of Fatima Group and CEO of Fatima Fertilizer Firm Restricted.
CMEC as a know-how companion, will assist with the adaption of climate-smart precision agriculture farm equipment, improved high-yielding seeds, and different crop inputs in Pakistan. As well as, Sarh Attaqnia Firm is a key companion that may spend money on creating a state-of-the-art agriculture worth chain encompassing sustainable manufacturing, processing, warehousing, and export advertising of grain crops to assist guarantee regional meals safety.
Pakistan has over 20% of its GDP linked with agriculture and about 64% of the human useful resource related to it. This collaboration will probably unlock an incredible quantity of untapped land sources of Pakistan by bringing fallow lands below cultivation for sustainable manufacturing of crops like rice, barley, oats, silage bales for livestock, and dairy trade below the Company Agriculture Farming initiative. Fatima Group, together with the Commerce Growth Authority of Pakistan, is on the Pakistan Pavilion in Expo 2020 Dubai over the following 4 days, holding a variety of occasions showcasing its dedication to assist guarantee regional meals safety, agricultural innovation, and girls empowerment within the agriculture sector of Pakistan.
Fatima Group contributes considerably to the financial improvement of Pakistan. It was established in 1936 to make sure the buying and selling of commodities and which step by step entered into the manufacturing of assorted merchandise. The Group has ensured a hit story that has unfold over seven a long time, increasing its horizon from buying and selling to manufacturing. As of now, the Group is engaged in buying and selling of commodities, manufacturing of fertilizers, textiles, sugar, mining and vitality.
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