The Pakistan army will be initiating a corporate agriculture farming project on barren lands in three districts of Punjab in partnership with private firms and the Punjab government.
The agriculture sector, which has been hit hard by a number of factors including flawed policies, climate change, and population growth will be revived through this project.
Pakistan army will get 45,267 acres of land for the project in Bhakkar, Khushab, and Sahiwal districts.
It is pertinent to mention that the ownership of this project will remain with the Punjab government.
The investment and auxiliary support will be provided by the private sector, while the military will utilise its resources to manage the corporate farming project.
The profits will be shared between the locals, Punjab government and the investing farm.
Although army will not get any pecuniary benefit out of this project, however, retired army officers will be managing the project.
The Punjab government will receive 40% of the revenue generated, while 20% will be spent on research and development. The remaining revenue will be used for expansion and succeeding crops.
The project will be carried out in different phases starting with cultivating different varieties of pulses, millets, and rice, followed by canola and wheat.
According to details, the Punjab government wants to increase agricultural production significantly by using modern methods, machinery, and high-quality seeds.