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Private investment vital to drive Pakistan’s agricultural modernizationBreaking

December 24, 2024

Arooj Zulfiqar

Pakistan needs to revolutionise its agriculture sector by promoting private investment in agricultural mechanisation. Recognizing the pivotal role of mechanisation in enhancing productivity and ensuring food security, the government needs to unveil initiatives aimed at fostering collaboration between the private investors, farmers, and policymakers.

“Mechanization is seen as the cornerstone of agricultural transformation in Pakistan,” said Muzammil Hussain, Scientific Officer at the National Agricultural Research Centre, while speaking to WealthPK. “Mechanization is not just about introducing machinery; it is a paradigm shift toward sustainable farming,” he said. He underscored the significance of adopting technologies such as high-efficiency irrigation systems, cold storage chains, and controlled poultry sheds.

“These advancements are essential to meeting the demands of a growing population while mitigating the impacts of climate change,” he added. “The government needs a strategic vision that also includes addressing the unique challenges of small-scale farmers. Policies are being tailored to ensure affordability and accessibility of modern equipment for smaller agricultural enterprises, which often face resource limitations,” he said. Achieving widespread mechanization requires more than government funding; it demands significant equity investment from the private sector.

The report advocates corporate farming as a vehicle to attract large-scale investments in technologies like silo storage, automated irrigation, and farm management systems. He believes private-sector involvement can bridge the financing gap, enabling the development of infrastructure critical for modern farming.“By integrating private equity into agriculture, Pakistan can set a benchmark for sustainable agricultural practices across the region,” said Hussain.

Globally, agricultural mechanization is recognized as a prerequisite for food security and sustainable farming. For Pakistan, adopting advanced farming technologies presents a dual opportunity to strengthen its economy and position itself as a regional leader in sustainable agriculture. Through collaborative efforts between the government and private sector, Pakistan aims to enhance its agricultural output, reduce waste, and elevate the quality of produce. These initiatives are not just about modernization — they represent a pathway to economic resilience and improved livelihoods for the rural communities.

As the country charts a new course toward agricultural innovation, experts emphasize the importance of unwavering commitment to mechanization. “This is a pivotal moment for Pakistan to revolutionize its agricultural landscape and secure its future,” Hussain concluded. The push for mechanized farming signals a promising era for Pakistan’s agriculture, where technological integration and sustainable practices can ensure long-term growth, food security, and economic stability.

Credit: INP-WealthPk