Pakistan achieves record-breaking $3.5 billion in rice exports this fiscal year
Published on: June 1, 2024.
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Pakistan Rice Export Reaches Historic $3.5 Billion in Current Fiscal Year
In a significant achievement, Pakistan’s rice export has reached a record-breaking $3.5 billion during the current fiscal year of 2024, as reported by 24NewsHD TV channel. This highlights the country’s growing prominence in the global rice market.
According to Rafiq Salman, former Chairman of the Rice Exporters Association, Pakistan has witnessed a remarkable surge in rice exports, with over 5 million tons of rice being exported. This increase in export can be attributed to the record yield after floods, resulting in a 40% growth compared to the previous year.
During this fiscal year, rice worth $3.5 billion was exported, a noteworthy increase from $2 billion in the previous fiscal year. To sustain this growth, Salman urged the government to allocate more land for rice crops.
Additionally, he appealed for immediate reductions in the interest rate and high electricity prices to further support the rice industry.
The rice export sector plays a crucial role in Pakistan’s economy, contributing significantly to its overall trade balance. With this remarkable achievement, Pakistan further solidifies its position as one of the leading rice exporters in the global market.
For more information about rice exporters in Pakistan, visit [HasRice.com](https://www.hasrice.com) and [PakistanRice.com](https://www.pakistanrice.com).
**Source:** [24newshd.tv](https://www.24newshd.tv)
