The Special Investment Facilitation Council (SIFC) initiatives have boosted Pakistan’s economy, with rice exports reaching a historic $4 billion. The council’s proactive initiatives facilitated this achievement, which marks a new record for Pakistan.
SIFC official Shahjehan Malik reported that the target for rice exports is set to rise to $5 billion in the next fiscal year. To achieve this, Malik outlined plans for a comprehensive strategy that includes research into modern seed varieties and the promotion of standardized agricultural practices.
Malik highlighted the global appeal of Pakistan’s Basmati rice, which is prominent in international markets due to its superior quality. In fiscal year 2024, Pakistan exported over 6 million tons of various rice varieties.
Overall, Pakistan’s goods exports increased by 10.54% to $30.64 billion from the previous year. Meanwhile, imports decreased slightly by 0.84%, from $55.19 billion to $54.73 billion, indicating positive economic trends.
Additionally, meat and meat product exports saw a 20% increase, reaching an all-time high of $512 million. The SIFC and the Ministry of Commerce have been instrumental in penetrating new markets for meat exports in countries such as Jordan, Uzbekistan, Lebanon, and Egypt.
