
Pakistan eyes castor cultivation as high-value export crop
Chairing a high-level meeting with the International Multi Group of Companies, led by Chairman Amjad Rashid, the minister said castor was a low-input, high-yield crop well suited for the country's arid and semi-arid regions, the Ministry of National Food Security said in a statement.
'Castor can be grown in barren areas where traditional crops struggle, making it ideal for land optimisation and income generation for farmers,' Hussain said, adding that the crop currently fetches Rs7,000 per 40kg in the local market, higher than most conventional crops.
H1CY25 agro exports decline by $1bn YoY, says PKI president
The Chinese not-for-profit partner in the project has offered to provide high-quality hybrid seed, potentially doubling yields from 50 to 100 maunds per acre.
The visiting company also expressed willingness to sign formal agreements with local farmers, committing to purchase all harvested castor at pre-agreed terms.
The ministry will support the initiative through awareness campaigns and seed distribution in collaboration with provincial agriculture departments.
Hussain said Pakistan could emerge as a competitive supplier in the global castor oil market, which has strong demand in the pharmaceutical, cosmetics, lubricant, and biofuel sectors.
The meeting concluded with an agreement to launch pilot projects, finalise farmer contracts, and develop a sustainable, export-oriented castor value chain in the country.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Express Tribune
3 hours ago
- Express Tribune
Trump slams Intel's new boss as 'highly conflicted,' urges immediate resignation
Listen to article US President Donald Trump on Thursday demanded the immediate resignation of Intel's new CEO, Lip-Bu Tan, calling him "highly conflicted" due to his ties to Chinese firms and raising doubts about the future of the American chip icon. A change in leadership could pile pressure on the company as it pushes through a major strategic reset started by Tan that aims to slash costs by shrinking its workforce and halting construction on some of its planned manufacturing plants. Trump's comments came a day after Reuters reported US Republican Senator Tom Cotton had sent a letter to Intel's board chair with questions about Tan's ties to Chinese firms and a recent criminal case involving his former firm Cadence Design. Reuters reported in April that Tan - himself or through venture funds he has founded or operates - invested in hundreds of Chinese companies, some of which are linked to the Chinese military. "There is no other solution to this problem," Trump said in a post on his Truth Social platform, knocking shares of Intel down around 4% in US premarket trading. Intel is a key pillar of US efforts to boost domestic chipmaking and last year secured nearly $20 billion in grants and loans, the largest federal award under the 2022 CHIPS and Science Act, to subsidize leading-edge semiconductor production. Intel and Tan, who took over the CEO role in March after the ousting of his predecessor Pat Gelsinger late last year, did not immediately respond to Reuters requests for comment. An Intel spokesperson said in a statement on Wednesday that "Intel and Tan are deeply committed to the national security of the US and the integrity of our role in the US defense ecosystem." The company said it would address the matters in the letter with the Senator. The Intel CEO invested at least $200 million in hundreds of Chinese advanced manufacturing and chip firms between March 2012 and December 2024, Reuters reported in April. A source familiar with the matter had at the time told Reuters that Tan had divested from his positions in entities in China, without providing further details. Chinese databases reviewed by Reuters at the time had listed many of his investments as current, and Reuters was at the time unable to establish the extent of his divestitures. Once the dominant force in chip-making, Intel has in recent years lost its manufacturing edge to Taiwanese rival TSMC. It also has virtually no presence in the booming market for artificial intelligence chips dominated by Nvidia. To revive Intel's fortunes, Tan has set a goal of slashing the chipmaker's workforce to 75,000 people by year-end, a reduction of around 22%. Intel also vowed to take a more disciplined approach to manufacturing investment.


Business Recorder
4 hours ago
- Business Recorder
Trump calls on Intel CEO to resign
U.S. President Donald Trump called for the immediate resignation of Intel's new CEO, Lip-Bu Tan, saying he was 'highly conflicted' after questions arose about his ties to Chinese firms and sparking doubts over the future of the American chip-making icon. 'There is no other solution to this problem,' Trump said in a post on his Truth Social platform, knocking shares of Intel down nearly 5% in premarket trading. The move comes a day after Reuters reported U.S. Republican Senator Tom Cotton sent a letter to Intel's board chair with questions about Tan's ties to Chinese firms and a recent criminal case involving his former firm Cadence Design. In April, Reuters reported Tan - himself or through venture funds he has founded or operates - has invested in hundreds of Chinese companies, some of which are linked to the Chinese military. The Intel CEO invested at least $200 million in hundreds of Chinese advanced manufacturing and chip firms between March 2012 and December 2024, Reuters found. Intel did not immediately respond to a request for comment on Thursday. Once the dominant force in chip-making, the company is in the middle of a strategy shift meant to revive its fortunes after it fell behind Taiwanese rival TSMC in manufacturing. Intel also has virtually no presence in the booming market for AI chips dominated by Nvidia Tan, who took over the CEO role in March after the ousting of his predecessor Pat Gelsinger late last year, has set a goal of slashing the chipmaker's workforce to 75,000 people by year-end, a reduction of around 22%. Intel also vowed to take a more disciplined approach to manufacturing investment.


Business Recorder
9 hours ago
- Business Recorder
China, Hong Kong stocks extend gains as Chinese exports beat forecasts
HONG KONG: China and Hong Kong stocks rose in morning trade on Thursday as upbeat Chinese trade data added fuel to the recent market rally despite renewed U.S. tariff threats. China's exports beat forecasts in July with outbound shipments up 7.2% year-on-year, customs data showed, as manufacturers made the most of a tariff truce with the U.S. Markets largely looked past U.S. President Donald Trump's comments that he could announce further tariffs on goods from China, similar to the 25% duties slapped earlier on India over its Russian oil purchases, depending on what happens. Investors remain focused on the August 12 deadline, waiting to see if Beijing and Washington could reach a durable tariff agreement. The market shows a risk-on mood with better China July exports, and domestic conviction remains solid, Wee Khoon Chong, a senior APAC market strategist at BNY, Hong Kong, said in a note. BNY maintains its view that the Shanghai benchmark would test 3,700, he added. At the midday break, the Shanghai Composite index was up 0.1% at 3,638.40, after closing at its highest since late 2021 on Wednesday. The blue-chip CSI300 index was up 0.1%. The semiconductor sector led the way, with a 1.3% gain despite Trump saying the U.S. could levy a 100% tariff on some chip imports, as analysts say the move only has limited impact on Chinese chipmakers and could accelerate domestic production. Defensive sectors including banks, liquor and consumer staples were up 0.2%-0.5%. In Hong Kong, the benchmark Hang Seng Index also reversed earlier losses with a 0.5% gain, and the tech index added 0.5%.