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Minfal to unveil first-ever agribusiness policy

ISLAMABAD (September 25 2007): Ministry of Food, Agriculture and Livestock will soon introduce its first ever agribusiness policy funded by Asian Development Bank, sources told Business Recorder here on Monday

They stated the horticultural policy which is prepared by national consultants is in its final stage and will be submitted to the government for approval on September 30 while national agribusiness policy being prepared by the international consultants, will be submitted for approval on December 30, 2007.

They said a survey was carried out through agribusiness development and diversification project all over the country including fata, fana and AJK to identify the problems private sector is facing and find out their solution aimed at alleviating poverty especially in the rural areas. All the relevant stakeholders who include farmers, traders, small and medium entrepreneurs, researchers, extension workers, policy makers and experts of agriculture sector are being involved in the project as agricultural sector has the potential to be a source of economic growth and income generation, they informed.

Sources said 50 percent matching grant will be provided through agriculture supports fund to those who are interested in to starting their own business to bring about change in the life of common man.

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