By Business Desk 

Pakistan’s rice exports fell during the first half of the current fiscal year as global rice prices dropped by nearly 50 percent, the National Assembly Standing Committee on Commerce was informed on Monday.

Increased global rice production and the resumption of exports by India after restrictions in 2023–24 led to a sharp decline in international prices. India’s return to the market created a price gap of around $20 per ton between Pakistani and Indian rice.

The committee was also informed that Pakistan currently holds rice stocks worth about $2 billion, while large quantities were purchased by stockists, including investors from the real estate sector. Officials further disclosed that Pakistani basmati rice was being sold in Iran under the name of “basmati bread.”

During the meeting, concerns were raised over the release of Rs. 15 billion to rice exporters from the Export Development Fund, with members seeking clarification on the approval process. Officials said the support was extended to provide relief to rice exporters since the sector had not previously received such assistance, unlike the textile sector, which has benefited from similar measures in the past.

Published Date: February 23, 2026