ISLAMABAD: Special Investment Facilitation Council (SIFC) of Pakistan, besides other steps to boost country’s economy and capitalize on its natural resources, has been focusing on development of Yak farming in the country which plays pivotal role in Livestock.
Recognizing the pivotal role of Yak farming in the livestock sector, SIFC aims to harness the untapped potential of this indigenous species to enhance self-sufficiency and explore lucrative export opportunities.
Established to attract investments from friendly nations across various sectors, SIFC serves as a centralized platform for facilitation, streamlining processes for potential investors. Through its ‘Whole of Government Approach’, SIFC seeks to optimize horizontal-vertical synergy and facilitate investment endeavors with the support of the Pakistan Army.
Yak, a resilient animal belonging to the bovine species, thrives in the Himalayan mountainous regions, including Gilgit Baltistan in Pakistan, as well as in neighboring countries such as Nepal, Tajikistan, and Mongolia. Renowned for their ability to endure extreme cold climates, Yaks present a unique opportunity for sustainable livestock development in Pakistan.
At present, Pakistan boasts a population of approximately eighteen thousand Yaks, representing a valuable asset with significant untapped potential. SIFC aims to harness this potential by not only promoting self-sufficiency in Yak farming but also by exploring avenues to enhance export prospects through improved breeding and protection measures.
The development of Yak farming holds promise for providing high-quality meat, milk, and other dairy products to domestic and international markets. By ensuring the proper protection and breeding of Yaks, Pakistan can capitalize on the diverse range of products derived from these animals, thereby bolstering local livelihoods and contributing to economic growth.
Moreover, the expansion of Yak farming is poised to generate economic benefits beyond the agricultural sector, with increased exports serving to enhance Pakistan’s overall trade balance and contribute to foreign exchange reserves.
