Karachi: Federal Minister for Finance Muhammad Aurangzeb emphasized the potential of corporate farming to spur economic growth in Pakistan during his address to the Executive Committee of the Pakistan Banks Association today. The Minister advocated for increased collaboration between the agricultural sector and the Special Investment Facilitation Council (SIFC).

According to Ministry of Information and Broadcasting, Aurangzeb highlighted the importance of integrating advanced financial and technological infrastructure into agriculture. He commended the private sector for its proactive approach towards these developments. The Minister also discussed the ongoing negotiations with the International Monetary Fund (IMF), indicating that the government is making progress with its draft resolution and that, with the IMF’s core approval, the economic challenges faced by the country are manageable.

The initiative aims to enhance agricultural productivity and profitability through modern practices and investments, aligning with broader economic strategies to stabilize and grow Pakistan’s economy.