Pakistan hopes to yield self-reliance on olive oil with new plantation drive

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Dr. Lal Badshah, assistant professor at the Department of Botany at the University of Peshawar, shows saplings of a wild olive plant. Officials suggest grafting of wild olive plants and cultivating new saplings in Pakistan’s tribal areas. (AN photo)
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Olive plants are prone to “plant parasites” as is shown here in this picture. (AN photo)
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Updated 22 December 2020
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Pakistan hopes to yield self-reliance on olive oil with new plantation drive

  • Millions of plants could be grafted for local use and export purposes, experts say
  • Country’s import bill stood at $3bn in 2015 for the resource

ISLAMABAD: Pakistan has commenced an ambitious drive to plant as many trees as possible from the 550,000 high-quality olive saplings imported from Spain recently.
A majority of those have been set aside for plantation in tribal areas, such as Balochistan and Khyber Pakhtunkhwa (KP), since the environment in these areas is conducive to their growth, a senior official said.
As part of the project and in order to promote the cultivation of olives for commercial purposes, the Olea Europea (European olive) – a plant of a very high-quality -- has been imported. “This is expected to be planted on 50,000 acres of land in the erstwhile Federally Administered Tribal Areas (FATA), Balochistan, KP and parts of the Potohar region in the Punjab province,” Dr. Tariq Bari, Project Director and a senior official at the Pakistan Agriculture Research Council (PARC), told Arab News.
He said Bajaur and South Waziristan tribal districts and other tribal regions are most suitable for the cultivation of olive plants. He recalled a  time when the grafting program was initiated with the government of Italy extending cooperation for the purpose. Unfortunately, the initiative didn’t yield any positive results.
“Under that program, around one million wild olive plants were grafted in the tribal areas. However, their survival ratio was one percent only. Therefore, we had to stop the grafting. Now we plan to cultivate new species there instead,” he said.
However, Dr. Lal Badshah, assistant professor at the Department of Botany in the University of Peshawar, told Arab News that grafting of wild olive plants is the best viable solution to ensure that the plants produce oil. Currently, they are used locally as timber for domestic use or as wood fuel.
The Olea Ferruginea can be found in millions in the tribal areas as the species normally grows at a height of 2,500 to 4,000 feet above sea-level. “This can also help alleviate poverty and oil shortage in the country on a sustainable basis,” Badshah said.
As Pakistan’s tribal areas are rich in the resource, cultivating better-quality olive plants -- to turn it into oil-yielding flora --  could help the country achieve self-reliance and export the oil to Arab countries where its demand is high, Dr. Ashiq Saleem, principal scientific officer at PARC told Arab News.
Planting high-yielding saplings would serve the purpose of the billion tree plantation drive --- initiated by Prime Minister Imran Khan -- as part of the “Green Pakistan and Clean Pakistan” vision, he added.
Earlier, the ISPR in a statement had said that the military had helped graft nearly 25,000 wild olive plants in South and North Waziristan, Kurram, Orakzai, the and Khyber tribal districts.
It stated that a huge amount of revenue -- approximately Rs. 111 billion -- could be generated through the export of olive oil, in addition to helping create 500,000 jobs.
Dr. Badshah said that olive plants are very tolerant of biological diseases and is known to be affected only by the plant parasite. He added that it is an evergreen fodder for animals, while its berry fruits are consumed by locals, too.
“In tribal areas, ours is not an oil-yielding plant but oil can be produced if it is grafted with Olea Europea. Olive oil is very nutritious being used in daily food and medicine,” he added.
According to Fazal Maula Zahid, an agricultural researcher, edible oil is Pakistan’s largest food import commodity, which ranks second on the list – following closely on the heels of petroleum products.
He said that imports of edible oil jumped from $615 million in 2006 to $3 billion in the year 2014 and 2015 respectively. “If there is a five percent hike in consumption and a five percent price increase in international markets each year, it will jump above $7 billion in the year 2020-2021,” he added.
Dr. Bari said that Pakistan is importing edible oil worth $3.5 billion annually. “We will not only [become a] self-sufficient country in oil but we will export them primarily to Arab countries if we focus on the plantation of olive species,” he added. 
Dr. Saleem said that the FATA region is rich in wild olive plants where they grow in millions but these have little commercial value and are being used as firewood and timber.
The good olive varieties include arbiqina, arbasona, koroniki, frantio, pendoleno, olivine and lecino, known for producing the best olive oil variety, he said, adding that the same species could be cultivated in tribal areas to replace the wild olive plants. “Currently in Balochistan, a mature olive oil yielding plant produces 40-50 kg of fruits with the oil recovery (extraction) of 16-22 percent, depending on good management practices,” he added. 
In the South Waziristan tribal district, however, wild olive plants grow on a large scale and must be replaced with the oil-yielding varieties instead. The life span of an olive tree is more than 500 years, he said, adding that cultivation of oil-producing plants would empower local women by creating job opportunities.
Dr. Bari said that the PARC has engaged the private sector to produce high-quality olive yields such as Unique Olive, Olive Foundation and Olive Pakistan to get maximum benefit from the crop.
He added that farmers have been trained for the entire process.  “I think, more olive plants will multiply the businesses of tribal people, while stabilizing the national exchequer with Pakistan exporting its oil,” he added.
Dr. Badshah said that just by cultivating 10 million oil-yielding saplings in the next five years -- in the tribal areas – the government can generate nearly 30,000 tons of oil per annum.
Currently, Spain and Italy are the top olive oil export countries. However, Pakistan can enter the race if we earnestly focus on the cultivation, protection and proper utilization of our valuable resource, he added. 


Pakistan stocks surge by more than 3,000 points on hopes of policy rate cuts

Updated 30 December 2024
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Pakistan stocks surge by more than 3,000 points on hopes of policy rate cuts

  • Investor activity remained vibrant on Monday, with a total volume of 1,058 million shares traded
  • Pakistan cut its key policy rate by 200 basis points to 13 percent on Dec. 16, marking fifth straight reduction

ISLAMABAD: The Pakistan Stock Exchange (PSX) opened the week on a positive note and surged by more than 3,000 points on Monday, amid hopes of further policy rate cuts.
The benchmark KSE-100 index soared by 3,907 points, or 3.51 percent percent, to close at 115,258 points, compared to Friday’s close of 111,351 points.
Investor activity remained vibrant, with a total volume of 1,058 million shares traded and a turnover of Rs40.8 billion, while hopes of further policy rate cut boosted market confidence.
“This upward momentum was fueled by optimism surrounding anticipated increases in equity fund allocations by local institutions ahead of the new year,” Topline Securities said in its market review.
“Adding further impetus was a statement from the finance minister over the weekend, suggesting a potential decline in interest rates to single-digit levels in the future.”
Pakistan’s central bank cut its key policy rate by 200 basis points to 13 percent on Dec. 16, it said in a statement. This was a fifth straight reduction since June as the country keeps up efforts to revive a sluggish economy with inflation easing.
The move followed cuts of 150 bps in June, 100 in July, 200 in September, and a record cut of 250 bps in November, that have taken the rate down from an all-time high of 22 percent, set in June 2023 and left unchanged for a year. It takes the total cuts to 900 bps since June.
Pakistan’s economy also grew by 0.92 percent in the first quarter of the fiscal year 2024-25, despite a contraction in the industrial sector, according to data approved by the National Accounts Committee, and released by its Statistics Bureau on Monday.
The growth was driven by positive performances in the agriculture and services sectors, which grew by 1.15 percent and 1.43 percent, respectively, in the first quarter of the fiscal year which ends in June 2025.


Pakistan reports 68th polio case of this year amid virus resurgence

Updated 30 December 2024
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Pakistan reports 68th polio case of this year amid virus resurgence

  • Pakistan on Monday began a week-long anti-polio vaccination in worst affected Balochistan province
  • Pakistan, along with neighboring Afghanistan, remains the last polio-endemic country in the world





ISLAMABAD: Pakistan has reported another case of polio virus in its northwestern Khyber Pakhtunkhwa (KP) province, authorities said on Monday, taking the nationwide tally to 68 this year.
Polio is a paralyzing disease that has no cure. Multiple doses of the oral polio vaccine and completion of the routine vaccination schedule for all children under the age of five is essential to provide children high immunity against this terrible disease.
The Regional Reference Laboratory for Polio Eradication at the National Institute of Health (NIH) Islamabad confirmed the wild poliovirus type 1 (WPV1) case in KP’s Dera Ismail Khan district. This is the 10th polio case of the district this year.
“Pakistan is responding to the resurgence of WPV1 this year,” the country’s polio program said in a statement. “It is crucial for parents to ensure vaccination for all their children under the age of five to keep them protected.”
Of the 68 cases reported this year, 27 were from Balochistan, 20 from Khyber Pakhtunkhwa, 19 from Sindh, and one each from Punjab and Islamabad, according to the polio program.
It said a sub-national polio vaccination campaign was conducted across Punjab, Sindh, KP, Azad Kashmir, Gilgit-Baltistan and Islamabad on December 16–22, vaccinating over 42 million children.
The Balochistan government had postponed the anti-polio drive for two weeks due to security threats and a lack of preparedness stemming from a boycott of the campaign by provincial health staff.
“The campaign’s second phase started today [Monday] in Balochistan,” the polio program said. “To keep children safe, it is critical for parents to welcome vaccinators among them and bring their children forward for vaccination.”
Pakistan, along with neighboring Afghanistan, remains the last polio-endemic country in the world.


Pakistan’s economy grows 0.92 percent in Q1 of ongoing fiscal year

Updated 30 December 2024
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Pakistan’s economy grows 0.92 percent in Q1 of ongoing fiscal year

  • The country is navigating a challenging economic recovery path and has been buttressed by a $7 billion facility from the IMF
  • The growth was driven by positive performances in agriculture and services sectors, which grew by 1.15 percent and 1.43 percent, respectively

KARACHI: Pakistan’s economy grew by 0.92 percent in the first quarter of the fiscal year 2024-25, despite a contraction in the industrial sector, according to data approved by the National Accounts Committee, and released by its Statistics Bureau on Monday.
The South Asian country is navigating a challenging economic recovery path and has been buttressed by a $7 billion facility from the International Monetary Fund (IMF) in September.
The growth was driven by positive performances in the agriculture and services sectors, which grew by 1.15 percent and 1.43 percent, respectively, in the first quarter of the fiscal year which ends in June 2025.
Pakistan’s economy grew by 2.69 percent year-on-year in the first quarter of the previous 2023-24 fiscal year.
However, the industrial sector contracted by 1.03 percent, mainly due to a decline in mining and quarrying activities during July-September, read the report.
The committee compiling the national accounts approved the introduction of quarterly estimates of expenditure of the economy.
On the basis of latest figures of the national accounts aggregates for the last fiscal year, the overall size of the economy stood at 105.6 trillion Pakistani rupees ($379.31 billion).
Annual per capita income in rupees was recorded at 472,263 Pakistani rupees ($1,696.35).
The committee also approved an updated annual growth rate for the last fiscal year 2023-24, which stood at 2.50 percent, slightly lower than the previously estimated 2.52 percent.


Pakistan’s new Gwadar airport set to launch flights to Muscat from Jan. 10

Updated 30 December 2024
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Pakistan’s new Gwadar airport set to launch flights to Muscat from Jan. 10

  • The Chinese-funded airport is capable of handling A-380 aircraft and accommodating up to 4 million passengers annually, PM’s Office says
  • The start of operations at Gwadar airport was delayed because of security review due to militant attacks in Pakistan’s Balochistan in August

ISLAMABAD: Pakistan’s new Gwadar International Airport is set to begin flights to Muscat from January 10, the Pakistan prime minister’s office announced on Monday, following a months-long delay in the opening of the airport.
A security review prompted by deadly attacks by separatist militants in Balochistan in August delayed the airport’s opening to the end of this year. The $200-million Chinese-funded airport, which will handle both domestic and international flights, is expected to become one of Pakistan’s largest, according to the Pakistan Civil Aviation Authority.
China has pledged over $65 billion in infrastructure, energy and other projects in Pakistan under the China Pakistan Economic Corridor (CPEC). Part of President Xi Jinping’s Belt and Road Initiative, the program in Pakistan is also developing a deep-water port close to the new airport in Gwadar, a joint venture between Pakistan, Oman and China that is close to completion.
On Monday, Prime Minister Shehbaz Sharif presided over a meeting to discuss the airport’s operations and directed authorities to develop a strategy to establish it as a major transit hub, emphasizing the need to improve road connections between the airport and other parts of the country, particularly Balochistan.
“Flights from Gwadar to Muscat will start from Jan.10 next year,” the PM’s office said in a statement. “The Gwadar airport can handle A-380 aircraft and will be capable of accommodating 4 million passengers annually.”
The statement noted that the Gwadar International Airport has obtained necessary certifications from the Pakistan Airports Authority. Additionally, personnel from the Airports Security Force, Pakistan Customs, Anti-Narcotics Force, Federal Investigation Agency, and Border Health Services have been deployed at the airport.
The Pakistan International Airlines (PIA) plans to increase flights between Karachi and Gwadar to three times a week, while discussions are ongoing with private airlines and carriers from China, Oman and the United Arab Emirates (UAE) to launch both domestic and international services, according to the PM’s office. The airport will feature various facilities, including cold storage, cargo sheds, hotels and shopping malls, with banking services arranged through the State Bank of Pakistan.
Although no Chinese projects were targeted in militant attacks in August, they have been frequently attacked in the past by separatists who view China as a foreign invader trying to gain control of impoverished but mineral-rich Balochistan, the site of a decades-long insurgency.
Recent attacks, including one in which two Chinese workers were killed in a suicide bombing in Karachi, have forced Beijing to publicly criticize Pakistan over security lapses and there have been widespread media reports in recent weeks that China wants its own security forces on the ground to protest its nationals and projects, a demand Islamabad has long resisted.
In his remarks, Sharif highlighted that the Gwadar International Airport symbolized the strong China-Pakistan friendship, expressing gratitude to Beijing for constructing an airport with international standards and modern facilities. He also directed the implementation of comprehensive security measures at the airport.
The meeting was attended by Defense Minister Khawaja Asif, Law Minister Azam Nazeer Tarar, Economic Affairs Minister Ahsan Khan Cheema, Finance Minister Muhammad Aurangzeb, and senior government officials. Deputy PM Ishaq Dar, along with Federal Minister for Privatization, Investment, and Communications Abdul Aleem Khan, also participated via video link.


Pakistan, Kenya agree to promote free trade amid Islamabad’s push for economic growth

Updated 30 December 2024
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Pakistan, Kenya agree to promote free trade amid Islamabad’s push for economic growth

  • Pakistan to export pink salt, marble and cement to Kenya under fresh agreement, says state media
  • Islamabad has sought to bolster international trade in its bid to achieve sustainable economic growth

ISLAMABAD: Pakistan and Kenya on Monday agreed to promote free trade between their countries, state-run media reported on Monday, as Islamabad seeks to achieve sustainable growth and attract investment in its vital economic sectors. 

After narrowly escaping a sovereign default last year before clinching a last-gasp International Monetary Fund (IMF) bailout program, Pakistan has sought to enhance business and investment ties with regional allies and countries such as Russia, Central Asian states and Gulf nations to escape a prolonged macroeconomic crisis. 

According to Pakistan’s Ministry of Foreign Affairs, Kenya is one of Pakistan’s largest African trading partners. Trade between the two countries is dominated by two commodities, rice and tea. Pakistan is the largest buyer of Kenyan tea in the world while Kenya is the largest destination for Pakistani basmati and non-basmati rice in the world.

“Pakistan and Kenya have agreed on a free trade agreement and mutual cooperation to enhance business and investment opportunities,” state broadcaster Radio Pakistan said. “Under the agreement, Pakistan is expected to export pink salt, marble and cement to Kenya while bilateral trade in pharmaceuticals will also be increased.”

The fresh agreement between the two countries is expected to foster economic stability and growth, apart from enhancing their global market positions, Radio Pakistan said. It added that the agreement will also help lower prices, develop industries and increase business opportunities in both Pakistan and Kenya. 

Islamabad and Nairobi established a Joint Ministerial Commission in 1992. Till date, three sessions of the commission have been held since then. The two sides have also established a Joint Trade and Investment Committee (JTIC), the first session of which was held in April 2021.

Pakistan’s total trade with Africa was recorded at $ 4.44 billion in 2022-23 of which $ 2.89 billion were imports and $ 1.55 billion were exports. The top three exports destinations for Pakistan in Africa are Kenya, South Africa, and Tanzania. Pakistan’s major exportable items to African countries include rice, textile and clothing, pharmaceuticals, cement, agriculture machinery and paper. 

The South Asian country mainly imports coal, petroleum, diphosphorus, tea, cotton and copper from African countries in return.