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KARACHI: After exporting rice worth $1.8 billion during the first 11 months
(July-May) exporters are expecting to achieve a target of $2 billion by the
close of the current fiscal year.
According to details released by the Rice Exporters Association of Pakistan
(Reap) during July-May period, the country exported 801,72 tons of Basmati and
fetched $908 million and non-Basmati 1.782 million tons, thereby earning $920
million.
Abdul Rahim Janoo, Reap chairman, while appreciating exporters achievement of
the target of $1.8 billion, said it was only possible because of business
friendly policies of the government.
He said it is a remarkable achievement when looked at global recession and
financial crisis.
Mr Janoo said last year (2007-08) the country exported 3.5 million tons of rice,
valuing more than $2.2 billion but this was only possible when global prices of
rice and other commodities were going higher every day.
He said Reap has sent trade delegations with the help of TDAP to Saudi Arabia
and Republic of South Africa for further enhancing rice exports.
Mr Janoo said next month two other rice exporters’ delegations would be leaving
for Qatar and EU countries to explore new rice markets and promote Pakistan rice
which is the best in the world.
Similarly, the Reap is planning to send delegations in July and August to
Kuwait, Iran, Senegal and Zambia which are also big markets for rice. |
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