KARACHI, Aug 13: The second International Food and Agriculture Exhibition concluded at the Karachi Expo Centre with more than $1.2 billion worth of deals.
The three-day FoodAg event was participated by more than 800 buyers from 75 countries while 330 exporters exhibited around 500 quality products at the event.
International chain stores, buyers and multinational companies visited the exhibition. The largest participation was from China comprising 150-plus buyers.
As result of 7,000 business-to-business meetings, deals worth $1.2bn were finalised, besides signing of more than 36 memorandums of understanding (MoUs) mainly in rice, processed food, seafood, kinnow, potato, lentils, chickpeas, mangoes, confectionery, meat, food and beverages, spices, cereals and oil seeds by China, Malaysia, Egypt, Kazakhstan, Russia, Sri Lanka, Gambia and France.
Over 800 buyers from 75 countries participated in FoodAg; 330 exporters exhibited 500 products
Trade Development Authority of Pakistan (TDAP) Chief Executive Zubair Motiwalla said the estimated export orders of $1.2bn will complement the export target set by Prime Minister Shehbaz Sharif in his inaugural speech at FoodAg event.
Furthermore, FoodAg Manufacturing planned in December in Lahore will provide assistance in value addition and mechanised farming, he said, adding that the recent growth and development in the agriculture sector will bring about next green revolution in the country. —Dawn
