Narratiive Tags - Khaleej Times Desktop
Pakistan
Logo
 

Pakistan approves first industrial hemp production

Reuters/Islamabad
Filed on September 2, 2020 | Last updated on September 2, 2020 at 10.34 pm
Pakistan, hemp, hemp production
The government expects to generate $1 billion in the next three years through industrial production of hemp.

Prime Minister Imran Khan approves summary to allow legal production of hemp for the first time, says a minister

Pakistan's government has approved the industrial production of hemp, which could generate foreign exchange of up to $1 billion in the next three years, the minister for science and technology said on Wednesday.

A cabinet meeting chaired by Prime Minister Imran Khan approved a summary on Tuesday to allow legal production for the first time, the minister Fawad Chaudhry told a news conference in Islamabad.

"We want that this hemp market could give us around $1 billion in the next three years," he said, adding the global market is worth around $25 billion.

The summary seen by Reuters says the ministry sought permission to cultivate industrial hemp after deliberation by the ministries of commerce, narcotics control and national health services.

Hemp seeds produce hemp oil, while the leaf is used in medicine and the stem can be turned into fibre to replace cotton in the textile industry.

Chaudhry said the compound cannabidiol found in the hemp plant has an important role in medical science and therapies to mitigate severe and chronic pain affecting for instance cancer patients or those who have lost limbs.

Across the world, companies have been seeking to tap into the market for medicinal cannabis.

The minister said the cultivation of hemp - a strain of the cannabis plant that contains little or no tetrahydrocannabinol, or THC, the substance that makes people high - will only be allowed under government control and the venture should not be confused with poppy-growing.

Pakistan's northwestern districts along the Afghan border have been home to the illegal cultivation of poppies for opium and heroin and the production of cannabis, supplied to the local narcotics market or smuggled internationally.


ERROR: Macro /ads/dfp-ad-article-new is missing!
MORE FROM World
MORE FROM Khaleej Times
CurrentRequestUnmodified: /apps/pbcs.dll/article?avis=KT&date=20190823&category=ARTICLE&lopenr=190829705&Ref=AR&profile=1030 macro_action: article, macro_profile: , macro_adspot:
 
 
 
 
 
 
 
KT App Download
khaleejtimes app

All new KT app
is available
for download:

khaleejtimes - android khaleejtimes - ios khaleejtimes - HUAWEI AppGallery