LAHORE: Rice exporters warn of a drastic drop in exports if the government sticks to its decision to shift the sector from the Final Tax Regime (FTR) to the Hybrid Tax Regime. “We see distress amongst rice, maize and sesame exporters, and they are just fulfilling past commitments and are not ready to seal future […]
Finance Minister Senator Muhammad Aurangzeb was called on by the representatives of Rice Exporters Associations of Pakistan (REAP) at the Finance Division today. The representatives from REAP briefed the minister on the growth of the agriculture sector, particularly rice crop. They highlighted the strengths of their industry and presented some tax measures for consideration. The […]
Quietly but steadily, corporate money is betting on Pakistani agriculture. One of the country’s largest business conglomerates — Nishat Group — for example, which began to expand into agriculture by setting up a modern dairy farm near Sukheki more than a decade ago is now planning to venture into the manufacturing of “precision” farm machinery […]
Islamabad [Pakistan]: Pakistan’s agricultural and food sector is grappling with significant challenges, particularly in its narrow export base dominated by a limited range of commodities. Among these, rice emerges as the primary export, generating over USD 3.5 billion in foreign exchange in the fiscal year 2024, according to a report published in Dawn. However, the […]
Exporters said higher MEP could adversely impact the domestic procurement of basmati rice paddy for the next season and hit farmers’ income. Written by Sandip Das In FY24, India exported a record 5.24 million tonne (MT) of aromatic rice valued at $5.83 billion. (Reuters) The government is likely to consider reducing the minimum exports duty […]
Pakistan’s agri-food sector has a very narrow export base, primarily consisting of a limited range of commodities. Rice stands out as the largest export, bringing in over $3.5 billion in foreign exchange in FY24. Nevertheless, rice exporters are facing a growing risk of shipment rejections, particularly by the European Union, the United Kingdom, and the […]
