Pakistan Launches Olive Policy to Cut Edible Oil Imports, Save $400M Annually

Pakistan has launched a National Olive Value Chain Policy to boost domestic olive production and processing, targeting a 10% reduction in its $4 billion annual edible oil import bill. This initiative aims to save approximately $400 million in foreign exchange, addressing a critical need for an economy struggling with dollar shortages and import financing. The policy focuses on connecting cultivation with processing, quality certification, and export development, including training agricultural graduates in Italy. While a positive step for long-term economic stability, this policy's gradual impact is unlikely to trigger immediate, significant shifts in gold or USD/PKR rates.

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