Govt steps up efforts to revive rice exports

Published
0
A customer checks the quality of rice at a wholesale market. — Reuters/ File
A customer checks the quality of rice at a wholesale market. — Reuters/ File

ISLAMABAD: With rice exports under pressure, the commerce ministry has stepped up diplomatic outreach to expand market access by engaging Islamabad-based ambassadors of major rice-consuming countries, hoping to arrest and reverse the downward trend.

Prime Minister Shehbaz Sharif has tasked Commerce Minister Jam Kamal Khan with holding meetings with key trading partners to explore fresh opportunities for rice exports. In this connection, the minister on Wednesday met Turkish Ambassador Dr Irfan Neziroglu to discuss ways to boost shipments to Turkiye.

The meeting followed similar engagements with the ambassadors of Indonesia and the Philippines, as part of a broader push to secure new markets and stabilise export volumes.

The government has already announced a Rs15 billion rebate to support export prices and help Pakistani rice compete globally. However, local market prices rose sharply within days of the announcement, raising concerns that higher domestic rates could further dent exports.

According to an official statement issued after the meeting, Pakistan has recorded a strong rice harvest this season, ensuring both quality produce and sufficient exportable surplus. The minister noted that aggressive pricing by competing exporters — particularly India and Vietnam — has intensified competition in global markets, exerting downward pressure on prices despite Pakistan’s steady export volumes.

Mr Kamal told the Turkish side that the government had developed a pricing support mechanism to maintain competitiveness. Pakistan, he said, was prepared to match prevailing global prices so that buyers would not face cost disadvantages when sourcing rice from the country.

He emphasised that Pakistan could supply both basmati and non-basmati rice to Turkiye at internationally competitive rates, and urged Ankara to consider increasing import volumes from Pakistan as a special case.

Both sides discussed activating government-to-government trade channels alongside existing private-sector mechanisms.

Published in Dawn, January 29th, 2026

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Fixing bond markets
Updated 01 Oct, 2026

Fixing bond markets

Pension funds, insurance companies, mutual funds, retail investors, and eventually, foreign investors must become bigger participants in the market.
Call centre rackets
01 Oct, 2026

Call centre rackets

A NUMBER of recent raids conducted by the authorities in different cities point to the growing threat fraudulent ...
Homeward bound
01 Oct, 2026

Homeward bound

FIVE months after Somali pirates captured an oil tanker carrying a 19-member multinational crew, Somali maritime...
Kashmir unresolved
Updated 30 Sep, 2026

Kashmir unresolved

The just solution lies in India addressing the issue through a trilateral dialogue involving the legitimate representatives of the Kashmiri people and Pakistan.
Water shortage
30 Sep, 2026

Water shortage

THAT the country is entering the Rabi season with an anticipated water shortage of nearly 25pc, the lowest carryover...
Young hearts
30 Sep, 2026

Young hearts

THE observance may have passed, but the message of World Heart Day should not fade with it. The occasion is a useful...