ISLAMABAD: Pakistan removed a floor price for rice exports on Friday, the country’s commerce ministry said, following a similar move by neighbouring India. The Ministry of Commerce said in a written notification that the minimum export price for rice which was last set in November would be removed “effective immediately”. Earlier this month, India removed […]
By Shahmir Kazi Pakistan’s rice exports have emerged as a beacon of hope for the country’s struggling economy, with an approximate 78 percent surge in FY23-24. This remarkable growth has not only bolstered foreign exchange reserves but also showcased the immense potential of the agricultural sector to drive economic recovery. Pakistan exported some 6 million […]
Web Desk ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of a 50 percent shareholding in Fatima Euricom Rice Mills (Pvt) Ltd by Euricom S.P.A, a leading Italian agribusiness entity. According to a press release issued on Thursday, the acquisition, under the Share Purchase Agreement, demonstrates a major advancement in bringing direct […]
Deal signals growing foreign investment in Pakistan’s agri-business sector and aims to boost rice exports By News Desk The Competition Commission of Pakistan (CCP) has approved the acquisition of a 50 per cent shareholding in M/s. Fatima Euricom Rice Mills (Pvt) Ltd by M/s. Euricom S.P.A, a leading agri-business entity based in Italy. Under the […]
It upholds Italy’s objection to Islamabad’s application for Protected Geographical Indication status for the fragrant rice. By Subramani Ra Mancombu The European Commission (EC) is unlikely to provide Protected Geographical Indication (PGI) tag for Pakistan’s basmati rice in the European Union. This follows the EC’s acceptance of Italy’s opposition to Pakistan’s application filed earlier this […]
India and Pakistan are the only growers of premium-grade basmati rice, and the Indian restrictions helped Pakistan gain market share in some categories. Reuters NEW DELHI/ MUMBAI India’s decision to remove the floor price for basmati rice exports is expected to spur a flurry of orders from the Middle East, Europe, and the Americas, leading […]
By Monitoring Desk LAHORE: The Indian government’s recent move to eliminate the minimum export price for basmati rice and relax restrictions on non-basmati rice exports has left Pakistani rice exporters anxious. These changes, which take effect in September 2024, threaten to disrupt the gains Pakistan made under previous restrictions. In fiscal year 2024, Pakistan exported […]
Competitive pricing threatens Pakistan’s $3.9b rice export market. SHAHRAM HAQ LAHORE: The recent decision by the Indian government to remove the floor price for basmati rice exports and ease restrictions on non-basmati rice exports has sparked panic among Pakistani rice exporters, who had benefited from the previous restrictions. These benefits were reflected in Pakistan’s annual […]
By ProPK Staff Pakistan’s rice exports during the first two months of the current financial year (FY25) increased by 98.58 percent as compared to the exports of the corresponding period of the last year. During the period from July-August 2024, over 340,703 metric tons of rice valued at $464.667 million were exported as compared to […]
CM Solarization Program Another great news for the farmers of Punjab is the decision of Chief Minister Punjab, Maryam Nawaz Sharif, to start the CM Solarization Program. Under which 7,000 tube wells will be transferred to solar energy at a cost of 9 billion rupees. Under this program, farmers who are fed up with the […]
