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031113
SECURITIES & EXCHANGE
COMMISSION OF PAKISTAN
Circular No. 29 - Reference No. CLD/RD-660(1)2003
Corporate Agriculture Farming (CAF) Policy
November 13, 2003
The Cabinet decision dated June 19th, 2002 on
Corporate Agriculture Farming (CAF) policy enunciate that such local and foreign
companies would be entitled CAF legal entity that are locally incorporated under
the Companies Ordinance, 1984. In this connection, it is pointed out for of the
concerned registrars mention that in case of foreign collaboration, 60% foreign
equity is allowed with minimum investment of US$ 0.3 million. Beside the
following agriculture related activities are included in CAF under the approved
policy package, -
i. Land development/reclamation of batter land, desert and hilly areas for
agriculture purpose and Crop farming
ii Reclamation of water Front Areas/Creeks.
iii. Crops. Fruits, Vegetables, Flowers Farming/ Integrated Agriculture
(Cultivation and processing of Crops)
iv. Modernization and Development of Irrigation Facilities and Water Management.
v. On farm construction of wheat/grain storage and construction of cold storage
for captive use (not on commercial basis)
2. All CROs are advised to ensure that the companies having Corporate
Agriculture Farming (CAF) objects should be allocated the appropriate sector in
light of the objects stated above and necessary data be furnished to the head
office in future.
(Nazir Ahmad Shaheen)
Additional Registrar of Companies (HQ)
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