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Growth of Pakistan utility sector in progress

According to published reports, Pakistan’s National Ministry of Food Safety and Research said that the government will use various means to achieve the UN’s goal of eradicating hunger by 2030 and to achieve this goal, all parties need to work together. The new government has made promoting agricultural development and access to clean drinking water a top priority. At present, the new government has begun to promote smart agricultural technology and water management systems to improve the production and living conditions of small farmers. At the same time, agricultural researchers are also stepping up efforts to address environmental issues such as climate change. To promote agricultural development, it is also necessary to introduce capital and increase investment in agriculture.

According to the Global Hunger Index, Pakistan ranks 106 out of 119 developing countries. However, Pakistan is the world’s third largest producer and exporter of chickpeas, the fourth largest rice and mango producer and exporter, and the largest producer to the export of milk, sugar cane, date palm, wheat and onions.

Besides, Pakistani utility sector has also developed very much. Public utilities in Pakistan and the Asian Investment Bank recently announced that they are screening reliable suppliers for the smart meter deployment project. The first phase of the project started in June 2017 and covered three business areas of Lahore Power Supply and one business area of the Islamabad Power Supply Company. In addition to the large demand for smart meters themselves, the first phase of the project also has a large number of supporting systems and facilities, such as customer information systems and payment systems. The main reason for the deployment of smart meters is that the Pakistani government wants to improve the tax losses caused by technical deficiencies, electricity theft, and backward energy metering and charging systems as soon as possible.

The main source of funding for smart meters and smart grids in Pakistan

According to local media publications in Pakistan, Lahore Power Supply and Islamabad Power Supply jointly applied to the Asian Investment Bank for a $1.4 billion loan for the deployment and construction of smart meters and smart grid projects. As of August this year, the Asian Investment Bank has issued a loan of $810 million to the project. Top Asia-Pacific and West Asia energy expert at the Asian Investment Bank, said that a reliable and sustainable power industry is the key to maintaining good momentum in Pakistan’s economic growth. As soon as possible, upgrading and renovating power facilities and supporting systems will help. To alleviate the power shortage in Pakistan, thereby enhancing the overall prospects of the Pakistani economy. In addition, the project has been included in Pakistan’s prospective plan until 2025.

Pakistan is a developing country with an economy dominated by agriculture and the sixth most populous country in the world. Agricultural output accounts for 24 percent of its GDP. The main agricultural products are rice, wheat, cotton, sugar cane and other food crops and cash crops. In 2030, Pakistan will become the fifth most populous country in the world. Solving the food problem of 260 million people will be the main task for Pakistan to achieve its agricultural development goals in 2030. In response to the challenges of the global food crisis, the Pakistani government believes that it should pay attention to agricultural planning and development. It needs to change its current policy orientation, from focusing on food prices to solving structural problems in agriculture, such as poor management of crop fields, lack of improved varieties, and agricultural foundations. Problems such as lack of facilities, large loss of food storage, insufficient investment in research and development and disconnection of applications. From the perspective of poverty alleviation and food security, agricultural development will be the primary task of the Palestinian government’s future work.

 

Pakistan also host the large-scale exhibits. The scope of exhibits at the Pakistan Food Processing Exhibition mainly includes food processing machinery, meat processing machinery, refrigeration equipment and transportation, grain storage equipment, cleaning equipment, printing machines, bag making machines, and sealing machines. In the last exhibition, there were nearly 200 companies from 24 countries and regions including Pakistan, France, Russia, Britain, China, Sweden, Canada, Middle East and Turkey. More than 30,000 domestic and foreign buyers and more than 150 media participated.

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The challenges facing Pakistan’s agriculture in the 21st century include: population growth and the challenge of increasing production of major agricultural and livestock industries; the trend of land urbanization and agricultural development; improving the market circulation system, especially improving the storage of agricultural products; sustainable management of natural resources and environmental protection. Rural infrastructure improvements, such as water resources management and technology research and development; mitigate the impact of climate change.

The Pakistan Agriculture Minister stated that China’s agricultural machinery and equipment are competitive in the international market and are very suitable for Pakistan’s agricultural conditions and operational needs. Pakistan Food Processing Exhibition will be the best platform for companies to enter the South Asian market.

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The first Pakistan Electric Tricycle and New Energy Vehicle Exhibition (EA show 2017) in 2017 brought new opportunities and markets to various countries and regions. Exhibitors from all over the world brought the latest electric 2/3 wheeled vehicles and electrics. Automobiles, hybrid vehicles, and component manufacturers, service providers, operators, manufacturers and traders gather together. EA show 2019 will provide a new platform for new energy vehicle related practitioners to more fully understand the advanced technology in the market. The show will provide industry cooperation opportunities for international traders, distributors, agents and joint ventures. As the only exhibition dedicated to electric vehicles in Pakistan, the exhibition will be held at the Lahore Convention and Exhibition Center in Pakistan from September 1-3, 2019. The exhibition will provide comprehensive market information, huge business opportunities and networks for exhibitors’ platform.

Author: Vaedy Xiao from  HXJQ Machinery

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