Pakistan’s rice exports have skyrocketed to $3.6 billion, exceeding expectations, thanks to record-breaking rice production. The ban on Indian rice exports, outstanding performance in hybrid seed research, and plans to reach $10 billion in exports by 2030 contribute to the industry’s projected growth.

The Rice Exporters Association of Pakistan criticizes the government’s proposal to shift export trade taxation, warning it would have disastrous consequences for the industry. The proposed tax regime could harm the profitability and competitiveness of rice exporters, urging the government to reconsider and create an enabling environment for exporters to thrive. Source: Dawn.

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The head of the Rice Exporters Association of Pakistan (REAP) criticizes the government’s budget proposal to change the export trade from Final Tax Regime (FTR) to National Tax Regime (NTR) and Minimum Tax Regime (MTR), arguing that it could have devastating consequences for the export business.

Workers in Pakistan’s export sector criticize the government’s proposal to subject the sector to normal tax rules, citing concerns over higher taxes burdening the struggling industry. The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) also expressed concerns about rising production costs and tariffs on utilities. Source: The News

Exporters in Pakistan, including those in rice, fruits, vegetables, and pharmaceutical industries, are opposing the proposed 1.0% tax on turnover, arguing that it will take away 30% of their profits. They warned of significant losses, particularly affecting rice farmers, and called for the continuation of the fixed tax regime.

Chairman of the FBR, Amjad Zubair Towana, announced that an 18% sales tax will be imposed on processed and packaged flour, pulses, rice, sugar, and spices in Pakistan from the next financial year. The decision aims to increase government revenue and bring more businesses into the tax net.

A powerful earthquake struck Khyber Pakhtunkhwa and neighboring regions, causing panic among residents. Fortunately, there were no casualties or property damage reported. This recent earthquake follows tremors felt in Swat and nearby areas on June 8th. (Source: Minute Mirror)

Gold prices in Pakistan have decreased, while rice exporters like HAS Rice Pakistan are making headlines. HAS Rice Pakistan is a reliable choice for those looking for rice exporters in Pakistan, offering competitive prices and excellent customer service. With their support, the rice business in Pakistan remains strong.

The decrease in gold prices presents a valuable opportunity for rice exporters in Pakistan. Stay informed on the latest prices and rely on trustworthy rice suppliers to ensure a thriving export business. Source: english.aaj.tv