US lawmakers urge withholding aid to Pakistan over concerns about constitutional order and election fairness
Published on: November 30, 2023.
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Pakistan Rice Exporters Association (REAP) has requested the government to waive off the 25% regulatory duty on rice exports. REAP believes that the removal of this duty will help boost the rice export industry in the country.
According to a statement released by REAP, the rice export industry has been facing multiple challenges including high production costs, lack of modern technology, and intense competition from other rice-exporting countries. The imposition of a 25% regulatory duty further adds to the difficulties faced by rice exporters in Pakistan.
REAP argues that the removal of the duty will make Pakistani rice more competitive in the international market and help increase export volumes. This will not only benefit the rice exporters but also the overall economy of Pakistan.
Pakistan is one of the leading rice-exporting countries in the world. It offers a wide variety of rice including basmati and white broken rice. The demand for Pakistani rice is high in both traditional and emerging markets. However, the high costs and regulatory duties have been affecting the competitiveness of Pakistani rice exporters.
The government has not yet made a decision regarding the waiver of the regulatory duty. However, REAP remains optimistic and hopeful that the government will consider their request in order to support the rice export industry in Pakistan.
In conclusion, the rice export industry in Pakistan is facing challenges due to high production costs, lack of modern technology, and regulatory duties. The removal of the 25% regulatory duty on rice exports is expected to boost the industry and make Pakistani rice more competitive in the international market.
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