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Imran Khan’s billion tree project triggers olive revolution in Pakistan

12:21 PM | 9 May, 2022
Imran Khan’s billion tree project triggers olive revolution in Pakistan
Source: Olive Valley Pakistan (Twitter)

ISLAMABAD – Pakistan’s 10 Billion Tree Tsunami project launched in 2014 by the PTI government has triggered a silent olive revolution in the country.

Pakistan, now the 19th member of the International Olive Council, is producing about 1,500 tons of olive oil per year and 830 tons of table olives, according to Juan Vilar Strategic Consultants.

It is also helping tackle some of the effects of climate change such as soil erosion and desertification and bringing new opportunities to farmers. Olive cultivation was started as a pilot project in Potohar region by then Punjab Chief Minister Shehbaz Sharif’s government in 2014. The PTI government promoted it nationwide as a part of Prime Minister Imran Khan’s 10 Billion Tree Tsunami initiative to bring about the olive revolution in the country, reported South Asia Investor Review.

Former prime minister Imran Khan also shared the news on his Twitter handle.

Pakistan is the world’s third largest importer of cooking oil. In 2020, Pakistan imported $2.1 billion worth of palm oil, behind only India’s $5.1 billion and China’s $4.1 billion in palm oil imports. Increasing olive oil production will help the country reduce its dependence on palm oil imports. Substituting imported palm oil with domestic olive oil may also help improve the heath of Pakistani consumers.

The International Olive Council (IOC) has 18 members, mostly European and Middle Eastern nations located in the Mediterranean region. Pakistan has joined as its 19th member. The IOC members account for more than 98% of global olive production. The IOC has been headquartered in the Spanish capital Madrid since it was founded in 1959.  

The organization specifies acceptable quality control testing methods and assures consumer transparency information, for example: hygiene standards along the supply chain, suitable packing materials and filling tolerances product labelling standards, identification of any food additives or allowable contaminants, recommendations for environmental protection in the use and disposal of olive products.  

It is expected that traditional farming and modern techniques would make large tracts of barren land productive, creating new jobs and growing the economy. Drip irrigation systems are being deployed over 16,000 hectares and 3.6 million olive trees. The Pakistani public and private sectors currently maintain 26 olive oil extraction plants of different capacities, from 80 kilograms per hour to 600, according to Olive Times.

Pakistan has the potential to be a world leader in olive production. In the last decade,  PTI’s Ten Billion Tree Tsunami initiative has spurred rapid olive cultivation in Pakistan with the import of 100,000 olive seedlings from top olive producing countries like Spain, Italy and Turkey. Pakistan’s climate is conducive for olive production, as the olive trees grow fast in regions with moderate winters following long hot summers.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - Pak Rupee to US Dollar, Euro, Dirham, Riyal 17 May 2024

Pakistani currency rates against US Dollar and other currencies on May 16, 2024 (Friday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.25 for buying and 280.05 for selling.

Euro stands at 296.25 for buying and 299 for selling while British Pound rate is 344.5 for buying, and 348 for selling.

UAE Dirham AED was at 75.15 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 17 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 277.25 280.05
Euro EUR 296.25 299
UK Pound Sterling GBP 344.5 348
U.A.E Dirham AED 75.15 75.9
Saudi Riyal SAR 73.50 74.2
Australian Dollar AUD 180.5 182.2
Bahrain Dinar BHD 739.77 747.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.61 35.96
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 904.28 913.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 167.45 169.45
Norwegians Krone NOK 25.67 25.95
Omani Riyal OMR 722.59 730.59
Qatari Riyal ‎QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 306.51 309.01
Thai Bhat THB 7.57 7.72

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