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Pakistan expands agricultural exports: Rice exports hit $4 billion

Web Desk

Pakistan’s agricultural exports are experiencing remarkable growth, driven by the efforts of the Special Investment Facilitation Council (SIFC).

In a major breakthrough, Pakistan has successfully entered the East African market by exporting tractors to Tanzania. The first consignment of Pakistani tractors was recently delivered, facilitated through a partnership with Kenya-Tanzania-based Masai Trekta Company, showcasing Pakistan’s commitment to expanding global trade partnerships.

Meanwhile, Pakistan has achieved a historic milestone in rice exports, generating $4 billion in revenue during the fiscal year 2024. This achievement reflects the effectiveness of SIFC’s initiatives in promoting the agricultural sector.

SIFC official Shahjehan Malik revealed that the target for rice exports in the next fiscal year has been set at $5 billion. He emphasized the importance of developing modern seeds and standardized agricultural practices to achieve this goal.

Pakistan’s Basmati rice, renowned for its high quality, continues to strengthen the country’s position in the global market, with over 6 million tons of various rice varieties exported last year.

https://www.nation.com.pk/08-Dec-2024/pakistan-expands-agricultural-exports-rice-exports-hit-dollar-4-billion QR Code

Published Date: December 9, 2024

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