The currency logged its sharpest intra-day fall in more than two weeks on Monday
asia2 hours ago
Engro Fertilizers, a subsidiary of Pakistan’s leading conglomerate, the Engro Corporation, hosted an insightful panel discussion on regional food security and agricultural partnership opportunities with Pakistan at the Expo 2020.
The panel highlighted the role of Gulf states, particularly the UAE, to secure the entire region’s food security. Food insecurity in the MENA is a growing challenge, as in 2020, the MENA’s share of the world’s acutely food insecure people was 20 per cent, disproportionately high compared to its 6 per cent share of the population.
Climate change was highlighted as the biggest and foremost challenge affecting local agriculture, with half of the MENA population already living under water-stressed conditions. Meanwhile, agriculture productivity rates are not keeping up with population increase, except for Egypt, where productivity gains are above the world average.
Further, the region is exceptionally dependent on food imports, especially of wheat and other staple grains. Half of MENA’s food is imported, rising to 90 per cent in Gulf Cooperation Countries.
Experts noted that by forging partnerships in the agricultural sector with resource-rich countries like Pakistan, the region could benefit from enhanced agricultural output to overcome its food security challenge. With a greater focus on modern agricultural research and technology, seed quality, balanced use of fertilisers, and uplift of infrastructure across the agri-value chain, Pakistan can enhance production to meet its own domestic and the Gulf-region needs.
Nadir Qureshi, CEO of Engro Fertilizers, said: “We have a vision and belief that developing Pakistan’s agriculture value chain will resolve not only Pakistan’s but also the GCC region's food security needs. We hope that this dialogue will serve as an initial step to encourage Pakistan, Engro and Gulf entities to work together to jointly develop innovative solutions and explore the scope for international partnerships in agri-space. We look forward to playing our part to deepening the connection between the two regions to help solve one of the most pressing issues of our time.”
Other solutions offered to improve food security in the MENA region include boosting the efficiency of importing food and storage, investing in cutting-edge practices and technologies, and developing novel financial models to leverage private investment in agriculture.
The panel concluded that with the right leadership and vision, the MENA can overcome its precarious food security situation. The panel was hopeful that the Gulf leadership would pave the way through innovative solutions.
The esteemed panel comprised global agricultural and industry experts including Dr Abdul Rashid (IFA laureate), Charles Schneider (International Finance Corporation), Ayman Alwadhy (The Corporate Group, UAE), Wasim Halabi (Foodco National Foodstuff Co PJSC), Fredric Favre (MAS Seeds, France), Khusrau Nadir Gilani (Engro Fertilizers) and Dr Munir Jamil Al Rusan (professor and dean at Jordan University of Science and Technology).
The currency logged its sharpest intra-day fall in more than two weeks on Monday
asia2 hours ago
Aaron Pierre and Kelvin Harrison Jr have come on board to voice the younger versions of Mufasa and Scar
entertainment2 hours ago
US FDA is gathering additional information on the matter, while Indian authorities have recently inspected the plants of the companies
asia2 hours ago
The total size of the offering remains unchanged at 900 million shares, representing 25 per cent of the company’s total issued share capital
markets2 hours ago
India's foreign ministry called the Washington Post report 'unwarranted and unsubstantiated', which stated that an officer in the intelligence service was directly involved in the plan
world2 hours ago
More than 34,000 people have been killed in the Palestinian territory since war broke out
world3 hours ago
The list of products whose licences were suspended included traditional medicines for asthma, bronchitis and diabetes
asia3 hours ago
The mercury is set to rise to 38ºC in Abu Dhabi and in Dubai
uae4 hours ago