Fatima Group signs MOU with leading Chinese companies at the Pak-China Agricultural Cooperation Forum
Lahore, October 31, 2019: The Fatima Group signed a strategic Memorandum of Understanding (MoU) with renowned Chinese companies, China Machinery Engineering Cooperation (CMEC), specialised in construction and engineering and Xinjiang Tianye Group, a leading Chinese enterprise specialised in high efficient irrigation and water-saving drip irrigation technologies at the ‘Pak-China Agricultural Cooperation Forum’, held in Islamabad on October 30.
The high profile Forum was graced by H.E. President of Pakistan Dr. Arif Alvi and the Chinese Ambassador to Pakistan Mr. Yao Jing, as well as top-ranking government officials from both sides and heads of leading private sector companies from both countries working in the field of agriculture. The event marked a mutual understanding amongst leading agri-based companies from Pakistan and China to promote bilateral cooperation with each other in the field of agriculture and to boost mutual ties and partnerships, to maximise Pakistan’s agricultural output through modernization of agriculture infrastructure and associated technical capabilities, with the adoption of latest irrigation technologies and farming methods.
Speaking about the MoU signing, Senior management official at Fatima Group stated, “This MoU has laid the foundation for establishing close collaboration and technology transfer of modern agri-technologies and production processes to Pakistan. It not only aims to bring the latest irrigation techniques and technologies within the reach of local Pakistani farmers, but to also improve their overall yield productivity and most importantly to protect our precious natural resource being water to be used more efficiently for irrigation purpose.”
This cooperation between the 2 countries is part of the CPEC, and the strategic alliance is helping Pakistan to strengthen its technological and financial capabilities towards economic uplift and betterment. Pakistan being an agri-based economy puts the development and modernization of agriculture at the heart of this strategic alliance and its associated objectives. Agriculture is the most vital sector which can bring about revolutionary changes by increasing productivity and efficiency. It can also bring millions out of poverty and into the economic mainstream which is currently the most important priority for Pakistan.