ISLAMABAD: Minister for Science and Technology Fawad Chaudhry said on Wednesday that commercial production of medicinal hemp would be a $1 billion market for Pakistan in the future.

In a tweet on Tuesday he said the cabinet had approved the first licence for the science and technology ministry and the Pakistan Council of Scientific and Industrial Research (PCSIR) for industrial and me dical use of hemp.

`The landmark decision` would place Pakistan in the international cannabidiol (CBD) market worth billions of dollars, he said.

Speaking at a press conference on Wednesday, the minister clarified that the industrial production of medicinal hemp was different from growing poppy like crops as was being misunderstood by certain quarters.

Mr Chaudhry clarified that the industrial hemp plant contained an important ingredient called the cannabidiol.`This ingredient is very important medical therapy and mitigates severe and chronic pain in patients. He noted that several countries, including China and Canada, were cultivating hemp on tens of thousands of acres,` the minister said.

According to the minister, while the seed of the plant could be used to make hemp oil, the leaf was used in medicines. The hemp stem is used to make fibre that could one day replace cotton in the textile industry, he added.

He clarified that the commercial production of the plant was approved to be carried out only under government control for now until further research and safeguards of the production were put in place.

`We want the hemp market to generate $1 billion for Pakistan in the next three years,` he said, adding suitable places chosen for the production in the first phase included sites in Peshawar, Chakwal and Jhelum.

The minister claimed that the government was also endeavouring to introduce precision agriculture under which high-technology farms wouldbe developed.

Director International Centre for Chemical and Biological Sciences (ICCBS) Dr Iqbal Chaudhry, who is based at the University of Karachi, said his research institute was chosen by the government to work on the project which was equipped with the technology and expertise required for certification and validation of hemp products.

He said Pakistan will be able to easily export a number of value-added products using ICCBS`s research facilities.

Minister Fawad Chaudhry also listed some goals achieved that were set last year and the government`s endeavours to introduce electric buses and two and three wheelers in the country.

`The government aims to make Islamabad the first city in the country where public transport would be fully converted into electric vehicles,` he stated.

He announced the government was entering into a $50 million agreement for an electric bus project with two companies. He said it was a revolutionary step in the country`s public transport infrastructure.