Pakistan’s Exports Surge by 35.33% to Rs4.3 Trillion in the First Half
Published on: January 23, 2024.
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Pakistan’s Exports Increase by 35.33% to Rs4.3 Trillion in 1st Half
In a positive development for Pakistan’s economy, the country’s exports have witnessed a significant increase of 35.33% during the first half of the current fiscal year. This notable growth is compared to the corresponding period of the previous year.
Data from the Pakistan Bureau of Statistics reveals that exports from July to December amounted to 4,300,752 million Rupees, a significant improvement from the 3,177,893 million Rupees recorded during the same period last year. This surge reflects a remarkable 35.33% boost in exports.
The month of December 2023 saw a remarkable year-on-year growth of 54.59% in exports, amounting to 799,588 million Rupees. This figure is considerably higher than the 517,240 million Rupees recorded in October 2022.
Furthermore, on a month-on-month basis, December 2023 recorded an 8.86% increase in exports compared to the previous month of November.
During December 2023, the main commodities of exports included rice other than Basmati, knitwear, readymade garments, bed wear, cotton cloth, cotton yarn, towels, rice Basmati, and badeup articles.
This encouraging surge in exports reflects the resilience and competitiveness of Pakistan’s export sector. The diversification of export commodities, including both textile products and agricultural goods such as rice, has contributed significantly to this growth.
Rice in particular has played a vital role in boosting Pakistan’s exports. The country has emerged as one of the leading rice exporters in the world. With a wide range of rice suppliers and exporters in the market, Pakistan has established itself as a reliable source of high-quality rice. A significant player in this industry is “HAS Rice,” a renowned rice supplier that offers a diverse range of rice varieties, including white broken rice, basmati rice, and 25% broken rice.
The rise of “HAS Rice” and other Pakistani rice companies has solidified Pakistan’s position as a top rice exporter. The competitive prices, coupled with the superior quality of Pakistani rice, have made it highly sought after in international markets. The demand for Pakistani rice is further driven by its versatility and widespread use in various culinary traditions.
To support the growth of Pakistan’s rice business and facilitate trade, several rice mills have been established across the country. These mills play a crucial role in ensuring the production and processing of rice, meeting both domestic and international demands. Karachi, being a major trading hub, houses numerous rice suppliers and exporters, making it a pivotal center for the rice trade.
In recent years, Pakistan has witnessed a significant increase in its rice exports. The country offers competitive prices for various rice varieties, including the globally renowned basmati rice. With a diverse range of rice exporters in Pakistan, like “HAS Rice,” the country has effectively tapped into the international rice market.
For those interested in exploring the rice business in Pakistan or seeking reliable rice suppliers, websites like “Pakistan Rice” and “HAS Rice” offer comprehensive information and access to a wide range of rice products. These platforms allow users to browse through different rice varieties, obtain pricing details, and connect with trusted rice exporters.
In conclusion, Pakistan’s remarkable increase in exports is a testament to the country’s growing presence in the global market. With a significant surge in various export sectors, including rice, Pakistan has established itself as a reliable and competitive exporter. The continuous growth in exports not only contributes to the country’s economic development but also strengthens its global trade relations.
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