The ministry informed Pakistan’s National Assembly committee on science and technology that the country might earn $3 billion in total if it began growing hemp. Sajid Mehdi served as the committee’s chair, and the ministry of Science and Technology brought up the topic of hemp during the meeting.
Statistics show that the global hemp business is currently valued at around $45 billion, and that by 2026, it will have grown significantly to reach nearly $100 billion. Hemp can likely turn out to be a gold mine for the nation with clear statistics and great resources to produce the crop.
The federal cabinet authorised the hemp policy, which returned to the ministry in April. The new science and technology minister now needs to approve a summary of the policy, according to the ministry of science and technology, which briefed the committee on the topic.
After sending 73 kgs of hemp to PCSIR, the remaining 20 kgs were sent to the National Textile University (NTU). While PCSIR will work towards extracting CBD oil from hemp, NTU will try to make fiber out of it.
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