Islamabad invites Chinese enterprises to invest in Pakistan’s agriculture sector

Pakistan’s Minister for National Food Security and Research Rana Tanveer Hussain gestures during a high-level meeting with a senior Chinese delegation on the sidelines of the China-Pakistan Economic and Trade Exchange Conference in Islamabad on July 17, 2025. (Handout)
Short Url
Updated 17 July 2025
Follow

Islamabad invites Chinese enterprises to invest in Pakistan’s agriculture sector

  • Agriculture employs nearly 38 percent of Pakistan’s workforce, contributes around 19 percent to GDP
  • China, Pakistan discuss collaborating in research, cotton production, seed development, irrigation efficiency

ISLAMABAD: Pakistan’s Minister for Food Security Rana Tanveer Hussain on Thursday invited Chinese enterprises to invest in the country’s agriculture sector, eyeing stronger collaboration with Beijing in irrigation technologies and modern farming techniques.

Pakistan has recently undertaken efforts to promote its agriculture sector, which include establishing a new regulatory body this week to reform the sector and bring domestic food safety standards in line with international requirements.

Agriculture remains a cornerstone of Pakistan’s economy, employing nearly 38 percent of the workforce and contributing around 19 percent to the country’s GDP. However, the sector has long faced challenges, including outdated practices, poor regulatory oversight, low export competitiveness and barriers in meeting international sanitary and phytosanitary (SPS) standards.

Hussain met a high-level Chinese delegation including Jiang Zaidong, the Chinese ambassador to Pakistan, on the sidelines of the China-Pakistan Economic and Trade Exchange Conference in Islamabad.

“The Minister also underlined the importance of public-private partnerships and urged Chinese enterprises, including those from XPCC [Xinjian Production and Construction Corps] and China Xinjian Group, to explore investment opportunities in Pakistan’s agriculture and agri-business sectors,” the food security and research ministry said in a statement.

Hussain welcomed proposals for joint ventures, research exchanges and the establishment of demonstration farms and technology centers in Pakistan, the statement added.

The two sides discussed enhancing agricultural cooperation, particularly focusing on research, cotton production, seed development, irrigation efficiency and technological exchange.

The Pakistani minister highlighted the challenges Islamabad has faced in recent years, especially in cotton production, where declining yields and outdated seed varieties have created major setbacks, the ministry said.

“The Minister expressed keen interest in learning from Xinjiang’s remarkable progress in improving agricultural productivity, especially in regions with arid and semi-arid climates, which closely resemble many parts of Pakistan,” the statement said.

Zaidong reaffirmed China’s commitment to deepening agricultural cooperation with Pakistan, the food security ministry said.

“He appreciated Pakistan’s proactive approach and openness to collaboration and highlighted the potential for long-term partnership in food security, technology transfer, and rural development,” the statement added.

Pakistan has undertaken a reform drive to enhance its economic sectors via the Special Investment Facilitation Council (SIFC). The SIFC is a civil-military hybrid body formed in 2023 to fast-track foreign investment and economic reform in strategic sectors, including agriculture, mining, IT and defense production.

Pakistan aims to attract international investment in its key economic sectors to ward off a prolonged macroeconomic crisis that has drained its resources and embroiled the country in a balance of payments crisis.


Pakistan courts Chinese fintech investment as digital push widens

Updated 11 sec ago
Follow

Pakistan courts Chinese fintech investment as digital push widens

  • Fintopia delegation explores digital lending, SME finance opportunities in Pakistan
  • China’s vast fintech ecosystem contrasts with Pakistan’s fast-growing, underbanked market

ISLAMABAD: Pakistan is seeking to attract Chinese fintech investment as it accelerates a broader push to expand digital finance, improve access to credit for small businesses and modernize its largely cash-based economy, the information ministry said on Thursday.

The move was underscored during a meeting in Islamabad between Federal Minister for the Board of Investment Qaiser Ahmed Sheikh and a delegation from Fintopia China, a financial technology firm exploring potential entry into Pakistan’s digital finance market. The outreach comes as the government places increasing emphasis on technology-led growth and foreign investment, particularly in financial services, amid efforts to boost financial inclusion and support small and medium-sized enterprises. Pakistan has in recent years expanded branchless banking, digital wallets and mobile payment systems, while also rolling out regulatory reforms aimed at improving the ease of doing business.

Fintopia is a China-based financial technology group that operates digital lending and consumer finance platforms across several emerging markets, according to company information. China hosts one of the world’s largest fintech ecosystems, driven by mass adoption of mobile payments, digital credit and data-driven financial services, while Pakistan’s fintech sector, though far smaller, has grown rapidly as smartphone use rises and demand for digital financial services expands.

“The delegation expressed keen interest in initiating its digital financing venture in Pakistan and in exploring structured collaboration with relevant public and private sector stakeholders,” the information ministry said, quoting minister Sheikh.

The meeting between Sheikh and the Fintopia China delegation took place in Islamabad and followed the company’s participation in a Pakistan-China business-to-business investment conference held in Beijing in September during Prime Minister Shehbaz Sharif’s visit to China, according to the ministry.

During the talks, Pakistani officials highlighted the country’s market potential, noting that Pakistan is the world’s fifth most populous nation and presents growing opportunities for digital financial services, particularly for small businesses and youth-led enterprises. The delegation was briefed on government reforms, including the Business Facilitation Center and the Asaan Karobar Act, aimed at reducing regulatory hurdles for investors.

Officials also outlined investment incentives available in Pakistan’s special economic zones and reiterated government support for foreign companies seeking to launch pilot projects or long-term digital financing operations in the country, the ministry said.

Pakistan has repeatedly described technology and digital finance as central to its long-term economic strategy, as it seeks to widen the tax base, formalize the economy and improve access to credit for underserved segments of the population.