Special Investment Facilitation Council (SIFC) of Pakistan has prioritized the development of Yak farming as a pivotal component of the nation’s livestock sector.
In a bid to harness the untapped potential of Yak farming and capitalize on the country’s natural resources, the Special Investment Facilitation Council (SIFC) of Pakistan has prioritized the development of Yak farming as a pivotal component of the nation’s livestock sector.
Yak farming, a traditional practice in the Himalayan mountainous regions, including Gilgit Baltistan in Pakistan, has long been recognized for its resilience and suitability to harsh climates. With approximately eighteen thousand Yaks currently in Pakistan, SIFC sees an opportunity to not only promote self-sufficiency but also to explore lucrative export opportunities through improved breeding and protection measures.
Established to attract investments from friendly nations and streamline processes for potential investors, SIFC serves as a centralized platform for facilitation across various sectors. With its ‘Whole of Government Approach’ and the support of the Pakistan Army, SIFC aims to optimize synergy and foster investment endeavors to propel economic growth.
The move towards Yak farming development aligns with SIFC’s broader objectives of enhancing self-sufficiency and exploring export prospects. By leveraging the unique attributes of Yaks, such as their ability to endure extreme cold climates, Pakistan aims to not only meet domestic demands but also to supply high-quality meat, milk, and other dairy products to international markets.
Furthermore, the expansion of Yak farming is expected to yield economic benefits beyond the agricultural sector. Increased exports are anticipated to bolster Pakistan’s trade balance and contribute to foreign exchange reserves, thereby strengthening the overall economy.
Commenting on the initiative, officials from SIFC emphasized the importance of Yak farming in sustainable livestock development and its potential to uplift local livelihoods. By ensuring proper protection and breeding practices, Pakistan seeks to maximize the diverse range of products derived from Yaks, thereby creating opportunities for economic growth and prosperity.
The development of Yak farming represents a strategic investment in Pakistan’s future, aligning with the nation’s vision for economic diversification and sustainable development. With the concerted efforts of SIFC and other stakeholders, Pakistan is poised to harness the full potential of Yak farming to drive economic growth and capitalize on its rich natural resources.