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Chinese Company to Establish Modern Livestock Farms in Khyber Pakhtunkhwa

Date : 28-08-2017
Peshawar, Aug.28: The Government of Khyber Pakhtunkhwa and a Chinese company Zhejiang Dowish Import & Export Co. Ltd on Aug.24 signed a Memorandum Of Understanding (MoU) for establishing animals’ farms for boosting exports to Chinese market under the cooperation framework of China Pakistan Economic Corridor (CPEC), a flagship project of China's Belt and Road Initiative (BRI) aimed to boost Commerce, connectivity and cooperation between nations to revive the Silk Road.

According to official sources,  under MoU, the KP government would export animals to China and in return, China would assist in establishing modern farms for the animals in different districts of the province.

Secretary Agriculture and Livestock Muhammad Israr on behalf of the Government of KP and Zhang Xichun on behalf of Zhejiang Dowish Import & Export Co. Ltd, China signed the MoU at the signing ceremony.

After the signing ceremony, Special Assistant to CM Mohibullah Khan, Secretary Agriculture and Livestock Muhammad Israr Khan and Zhang Xichung, representative of China Company in their address on the occasion said that under CPEC scheme, the MoU signed between government of KP and China Company is very important that would help reducing unemployment, economic stability and enhancing trading activities.

The agreement would also be helpful in enhancing the trade business of small traders of the Khyber Pakhtunkhwa. Special Assistant Mohibullah Khan and Secretary Agriculture and Livestock Muhammad Israr Khan said that the environment was very pleasant for foreign investment in KP and we value the China investment in KP.

On the occasion, Special Assistant to CM Khyber Pakhtunkhwa on Livestock Mohibullah Khan, DG Livestock Extension Dr. Sher Muhammad, Additional Secretary Agriculture & Livestock Shaukat Ali Yousafzai, Director Research Iqbal Khattak, representatives of China Company & concerned officers of Khyber Pakhtunkhwa Government attended the ceremony.

The Belt and Road Initiative, proposed by Chinese President Xi Jinping in 2013, encompasses 69 countries in Asia, Europe and Africa which collectively include 4.4 billion people and claim a gross domestic product of US$21 trillion. Xi hopes annual trade between China and countries along the belt and road will expand to US$2.5 trillion within a decade.


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