ISLAMABAD – Brazil and Pakistan produce huge amount of sugarcane and Brazil will soon establish its industry to help Pakistan in ethanol extraction or production from sugarcane which would bring about stability in petroleum prices and also control price-hiking in Pakistan. This was stated in a meeting between the Brazilian Ambassador Alfredo Leoni with Pakistan Muslim League President and Chairman Senate Standing Committee on Foreign Affairs Senator Salim Saifullah Khan.
Both the leaders discussed important bilateral, regional and international issues of high importance. Leoni has stressed that Pakistan has huge potential in the field of agriculture but the problem was that it has not introduced modern agricultural techniques. He highlighted that Brazil produced huge amount of ethanol from sugarcane which has decreased its dependency on petrol and price-hiking has also been controlled. He also highlighted that production of sugarcane in both Brazil and Pakistan was probably roughly on the same plane but Pakistan had not developed its industry to produce ethanol from sugarcane.
It was also noted that if Pakistan developed its industry to produce ethanol from sugarcane, it will help Pakistan to decrease its dependency on petrol and it can easily control price-hiking and can give relief to its nation. He has also mentioned that in Brazil millions of vehicles run on ethanol and in industrial processes it is a basic and vital commodity.