In the next budget, the Pakistani government has recommended a sum of Rs. 1.7 billion for the promotion of commercial olive farming in Pakistan.
Pakistan has already spent Rs.5 billion on this project, according to official papers, because the country sees significant potential in olive production.
It is important to highlight that the initiative would be totally sponsored by the Pakistani government, with no funding coming from outside sources.
Pakistan isn’t known for its olive production. It may, however, be able to grow multiple subspecies of olives to meet its requirement for edible oil. Pakistan produced 1,400 tones of olives in FY20, according to a report by Global Village Space. By 2027, the government plans to expand its crop production to 16,000 tones.
The survey also identified 10 million acres of land suitable for olive cultivation in various parts of Pakistan.