Pakistan Can Save $6bn Forex By Expanding Oil Cultivation: Shahid Imran
Pakistan can save at least $6 billion in foreign exchange by bringing more land under oilseed cultivation, according to Shahid Imran, Convener of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Regional Committee on Food.
Talking to a delegation of progressive farmers, he highlighted the encouraging expansion of olive cultivation in recent years, which could reduce the country’s dependence on imported edible oil. While recognizing Pakistan’s potential for a thriving olive industry, Imran emphasized that long-term success depends on both expanding cultivation and developing a complete, competitive value chain.
Imran noted successful programs promoting olive farming in Potohar, Khyber Pakhtunkhwa, and Balochistan, with millions of olive trees planted and growing interest from farmers and investors. He sees olive orchards as an opportunity to strengthen domestic production, save foreign exchange, and develop a high-value agricultural sector.
To ensure credibility in both domestic and international markets, Imran stressed the need for investment in modern extraction units, quality laboratories, and skilled human resources. With strong foundations, olive cultivation could become a model of value-added agriculture, boosting exports and rural economic growth.
He called for a comprehensive national olive policy to regulate quality, encourage investment, and prepare the industry for international markets. Furthermore, Imran suggested targeted incentives, technical support, and financial facilitation to attract further investment in the sector.
