• About
  • Advertise
  • Contact
Tuesday, August 16, 2022
  • Login
WRITE FOR US
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
No Result
View All Result
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
Economy.pk
Home Business

Pakistan Can Earn $8 Billion Through Marijuana

bySuneela Zulfiqar
June 25, 2022
in Business, Economy
Reading Time: 2 mins read
0
Pakistan Can Earn $8 Billion Through Marijuana
612
SHARES
2.9k
VIEWS
Share on FacebookShare on Twitter

The Secretary of the Ministry of Science and Technology (MoST) said that Pakistan can generate $8 billion in revenue within four years by implementing a policy on cannabis.

He stated this during a meeting of the Standing Committee on Science and Technology under the chairmanship of Senator Shafiq Tarin.

RelatedPosts

Toyota Reduces Prices of All Local Cars by Over Rs. 1.1 Million

Govt Jacks Up Petrol Price By Over Rs 6 , New Price is Rs 233.91 Per Liter

Pakistan’s GDP Rises to $383 Billion From $3 Billion in 75 Years

The committee discussed that the government could earn $2 billion in revenue in a matter of months by developing a policy on cannabis use.

The Minister of Science and Technology, Shibli Faraz, said that although Pakistan has never implemented a cannabis policy in the past, the current economic conditions are such that the country should generate revenue through the legal sale of the drug.

He mentioned that the MoST had developed a policy on the use of cannabis but the Cabinet had not yet approved it.

This policy had been developed after consultations with various ministries and was also within the boundaries of the international institutions, Faraz added.

In linking the cannabis policy to Pakistan’s foreign debts, the minister said that the International Monetary Fund (IMF) places very strict conditions on loans worth $6 billion and heavy amounts of interest.

He mentioned that the government could reduce the burden on the economy if Pakistan devises a cannabis policy.

The Secretary MoST shared the details of the policy and said that an anti-drug protocol will be followed and the ministry will issue regular licenses to allow cannabis cultivation. Additionally, the MoST will initially issue 100 licenses for cannabis cultivation.

Tags: latestMarijuanaMinistry of Science and TechnologyPakistanShibli Faraz
Suneela Zulfiqar

Suneela Zulfiqar

Related Posts

Toyota Reduces Prices of All Local Cars by Over Rs. 1.1 Million

Toyota Reduces Prices of All Local Cars by Over Rs. 1.1 Million

Pakistan's Toyota Indus Motor Company (IMC) has decreased the prices of all locally assembled vehicles. Out of all the automakers,...

Govt Jacks Up Petrol Price By Over Rs 6 , New Price is Rs 233.91 Per Liter

Govt Jacks Up Petrol Price By Over Rs 6 , New Price is Rs 233.91 Per Liter

The federal government on Monday announced a hike of Rs6.72 per litre in the price of petrol for the remaining...

Next Post
12.5% tax rate for those earning Rs100,000-300,000month

12.5% tax rate for those earning Rs100000-300000/month

Recommended

Toyota Reduces Prices of All Local Cars by Over Rs. 1.1 Million

Toyota Reduces Prices of All Local Cars by Over Rs. 1.1 Million

Govt Jacks Up Petrol Price By Over Rs 6 , New Price is Rs 233.91 Per Liter

Govt Jacks Up Petrol Price By Over Rs 6 , New Price is Rs 233.91 Per Liter

Flight From India Lands at Jinnah International Airport in Karachi

Flight From India Lands at Jinnah International Airport in Karachi

Abdul Latif Sheikh becomes first Pakistani doctor to win prestigious pharmacy award

Abdul Latif Sheikh becomes first Pakistani doctor to win prestigious pharmacy award

Nawaz Sharif returning to Pakistan in September, says Javed Latif

Nawaz Sharif returning to Pakistan in September, says Javed Latif

Commonwealth Games’22 -The Way Forward.

Commonwealth Games’22 – The Way Forward

Connect with us

Twitter

Economy.pk

Economy.pk touches diverse topics with a lighter note and is geared toward audiences with various interests and all ages. Come and explore Economy.pk. Ample details and analysis are provided in extraordinarily readable manner making them compelling and interesting at the same time.

Category

  • World
  • Politics
  • Business
  • Technology
  • Education
  • Health
  • Life & Style
  • Opinions

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin

Sitelinks

  • Sitemap

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Contact

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

  • LATEST
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Canada
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

No Result
View All Result

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In