Pakistan Agricultural Storage & Services Corporation

What Pakistan Agricultural Storage & Services Corporation does

Pakistan Agricultural Storage & Services Corporation (PASSCO) is a government-owned public limited company incorporated in 1973 and operating since May 1974 as the Federal Government's primary instrument for national food security. It procures wheat and minor agricultural commodities (rice/paddy, gram, pulses, sunflower, soybean, potato, onion, dates) directly from farmers at government-fixed support prices across 13 zonal offices and 235 purchase centers spanning Punjab, Sindh, KPK, Balochistan, and operational regions. The corporation maintains a covered storage capacity of 572,482 metric tons through mechanical silos (89,400 M Tons in Punjab and Sindh), house-type godowns (483,082 M Tons), and raised platforms for open storage, alongside IT modernization plans covering business intelligence, data center revamping, and disaster recovery infrastructure. PASSCO releases wheat throughout the year to deficit provinces (Gilgit-Baltistan, KPK, Balochistan, Azad Kashmir), the Pakistan Army, Air Force, and Navy, the Utility Stores Corporation, and the SAARC Food Bank and World Food Program on Federal Government direction.

The corporation operates on a non-commercial basis funded through Commodity Operations Financing arrangements from a consortium of six Pakistani banks (National Bank of Pakistan, ZTBL, MCB, United Bank, Allied Bank, Habib Bank), with the Federal Government holding 25% of paid-up capital and the banks collectively holding 75%. Revenue-equivalent activities include asset licensing and rental of godowns and shops, import/export of food commodities (wheat imports ranged 445,486 to 2,280,289 M Tons in 2020-2022), and commercial wing operations covering procurement of bardana, tarpaulins, fumigants, and pesticides. A Board of Directors chaired by the Federal Secretary of National Food Security & Research oversees operations, with leadership including a Managing Director and General Managers for Finance, HR, Stock & Control, Field, Audit, Commercial, Works, and IT. Pricing is entirely policy-driven and fixed by the Federal Government, eliminating commercial pricing dynamics but tying growth and revenue to sovereign fiscal cycles.

Name

Pakistan Agricultural Storage & Services Corporation

Legal name

Pakistan Agricultural Storage & Services Corporation Ltd

Website

https://passco.gov.pk

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Pakistan's government-owned grain procurement and storage corporation operating 13 zones and 235 purchase centers nationwide, procuring wheat and agricultural commodities at federal support prices for distribution to deficit provinces, armed forces, and strategic reserves.

Ownership category

akta.pro rank

Product category

Agricultural Commodity Storage and Procurement

NAICS

Grain and Field Bean Merchant Wholesalers (424510), Grain and Field Bean Merchant Wholesalers (42451), Farm Product Warehousing and Storage (493130)

SIC

Wholesale-Farm Product Raw Materials (5150)

akta.pro primary industry

Public Commercial Grain Warehouses (USDA/State-Licensed) (AFAOACAA)

akta.pro secondary industries

Grain Merchandising & Origination Facilities (AFAOAAAD), Bulk Grain Transload Terminals (Rail/Truck/Barge Intermodal) (AFAOAAAC)

Keywords

• Grain procurement services
• Agricultural commodity storage
• Strategic food reserves
• Wheat support price procurement
• Government food security logistics

Headquarters

HQ city

Lahore

HQ country

Pakistan

HQ region

Asia

Offices18 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D

Revenue model

1. Government Funded Operations: PASSCO is a public limited company with government ownership. Operations are funded through Commodity Operations Financing (COF) arrangements from leading financial institutions on commercial terms, in compliance with Finance Division and State Bank of Pakistan approvals. The corporation does not operate on commercial revenue but implements government food security policy.
2. Asset Licensing and Rental: PASSCO generates some income by licensing out PASSCO assets including godowns and shops, and hiring of storage accommodation.
3. Commercial Trade Activities: PASSCO undertakes import and export of food commodities and agro business/trade activities for sustainability as detailed in its memorandum and articles of association.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

PASSCO is Pakistan's federally mandated grain procurement and storage agency. It buys wheat and other agricultural commodities directly from farmers at government-fixed support prices through 235 purchase centers across 13 zones, stores them in mechanical silos, house-type godowns, and raised platforms totaling 572,482 M Tons of covered capacity, and releases stocks to deficit provinces, the Armed Forces, and the Utility Stores Corporation on Federal Government direction. The corporation also maintains national strategic grain reserves and SAARC Food Bank Reserve Stock, and undertakes import/export of food commodities as instructed.

Product overview

PASSCO is a Pakistani government-owned corporation established in 1973 that operates as the nation's primary grain procurement and storage agency. The organization offers a unified suite of agricultural commodity management services centered around wheat procurement from farmers at support prices, storage operations through mechanical silos (89,400 M Tons), house-type godowns (483,082 M Tons), and raised platforms, and strategic reserve maintenance for national food security. The corporation also handles import/export of food grains, distribution to deficit provinces and armed forces, and procurement of minor crops including rice, gram, pulses, sunflower, and soybeans. Supporting infrastructure includes 235 purchase centers across 13 zonal offices, commercial trading services, and an ongoing IT modernization initiative.

Differentiator

Problem solved

Functional benefit

Products and services

• Wheat Procurement Services Procurement of wheat directly from farmers at government support prices through 235 purchase centers operating across 13 zones in Pakistan, including quality verification, billing, and coordination with financial institutions for farmer payments.
• Agricultural Commodity Storage Storage of wheat and other commodities across three facility types: Mechanical Silos with 89,400 M Tons capacity (Punjab and Sindh), House-type Godowns with 483,082 M Tons capacity (Punjab, Sindh, KPK, and Balochistan), and Raised Platforms for open storage.
• Minor Crops Procurement Procurement of minor agricultural commodities including Rice/Paddy, Gram, Mash, Mung, Masoor, Sunflower, Soybean, Potato, Onion, and Dates from farmers at support prices to stabilize market prices.
• Strategic Grain Reserves Maintenance of national strategic reserves of wheat and other specified commodities for food security, along with SAARC Food Bank Reserve Stock managed as part of regional cooperation commitments.
• Wheat Import Services Import of wheat on government instructions, with historical import volumes of 445,486 M Tons (2020), 1,681,131 M Tons (2021), 2,280,289 M Tons (2022), and 375,589 M Tons (2023).
• Wheat Export Services Export of wheat and food grains to international markets and organizations such as the World Food Program as directed by the Federal Government.
• Grain Distribution to Deficit Regions Year-round release of wheat to deficit provinces (Gilgit-Baltistan, KPK, Balochistan, Azad Kashmir), Armed Forces (Army, Air Force, Navy), and the Utility Stores Corporation on direction of the Federal Government.
• Commercial Wing Services Commercial activities including import/export of food commodities, purchase of dead stock items, disposal of food stock, procurement of bardana (jute/PP bags), tarpaulins, fumigants, pesticides, and licensing out of PASSCO assets (godowns and shops). Future vision includes ISO Certification and production/marketing of certified seeds.

Quantifiable outcome

• Zero percent loss on account of storage and despatch of wheat
• +3 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered flagship and core.

• Federal Government of PakistanflagshipStrategic or Co-development PartnerThe Federal Government, through the Ministry of National Food Security & Research, provides policy direction, appoints Board members including Secretary NFS&R as Chairman, and mandates PASSCO's procurement and storage operations for national food security. The Government subscribed 25% of initial paid-up capital.
• Provincial Food DepartmentscoreStrategic or Co-development PartnerPASSCO coordinates with Provincial Food Departments for procurement and disposal of wheat and other food grains. This coordination ensures effective distribution to deficit provinces and alignment with provincial food requirements.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/passco_
• YouTubeyoutube.com/channel/UC5B5xRGHJZXHlcXq9zDz0cQ
• Facebookfacebook.com/PASSCO-Pakistan-Agricultural-Storage-Services-Corporation-Ltd-100069239228467
• LinkedInlinkedin.com/company/pakistan-agricultural-storage-and-services-corporation-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pakistan Agricultural Storage & Services Corporation