Pakistan earns $4 billion in rice exports in 2024

Published 2024년 10월 15일

Tridge summary

The Special Investment Facilitation Council (SIFC) in Pakistan has successfully helped the country achieve a historic milestone in rice exports, generating $4 billion in revenue. The SIFC is aiming to increase this figure to $5 billion in the next fiscal year by focusing on modern seed research and promoting standardized agricultural practices. In addition to rice, Pakistan's exports of goods saw a 10.54% increase, reaching $30.64 billion, while imports decreased by 0.84%. There was also a 20% increase in meat and meat product exports, reaching $512 million. The SIFC and the Ministry of Commerce have also managed to open new markets for meat exports in Jordan, Uzbekistan, Lebanon, and Egypt.

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Original content

Efforts of the Special Investment Facilitation Council (SIFC) are yielding results as Pakistan has historically achieved $4 billion from the exports of rice. As per details, Pakistan has achieved a historic milestone in rice exports, generating $4 billion in revenue through the facilitation of the SIFC (Special Investment Facilitation Council). According to SIFC official Shahjehan Malik, the target for rice exports in the upcoming fiscal year has been set at $5 billion. Malik stated that a comprehensive strategy will be developed, focusing on the research of modern seeds and the promotion of standardized agricultural practices. He emphasized that Pakistan’s Basmati rice plays a crucial role in global partnerships due to its high quality in the international market. During the fiscal year 2024, Pakistan exported over 6 million tons of various rice varieties. Meanwhile, the country’s export of goods soared by 10.54% to reach $30.64 billion, compared to the previous year. While ...

Source: UkrAgroConsult