Agri-exports rise 13% on better productivity.

LAHORE -- Pakistan's agricultural exports rose 13% to $5.2 billion in financial year 2022-23, thanks to improved productivity, better prices and increased demand in the global market, said the Pakistan Business Forum (PBF).

For further boosting shipments, 'We may also invest in modernising our agriculture sector by adopting new technologies, enhancing water management, improving seed quality, expanding cultivated land for high-value crops, strengthening linkages between processors and growers, and providing incentives for agro-processing,' it said.

PBF Vice President Jahan Ara Wattoo emphasised that foreign direct investment (FDI) in corporate farming had the potential to greatly benefit the agriculture sector by staving off the threat of food insecurity besides meeting food staple needs of people.

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Speaking to a delegation of progressive farmers, Wattoo said Pakistan was in dire need of FDI to improve its foreign exchange reserves and bridge the investment gap. 'Such investments are...