Minister calls for boost in Sesame production to reduce edible oil imports

News Image

MG News | December 26, 2024 at 05:35 PM GMT+05:00

0:00

December 26, 2024 (MLN): Strengthening sesame production in Pakistan is crucial for reducing edible oil imports and increasing foreign exchange, Federal Minister for National Food Security and Research, Rana Tanveer Hussain urged.

He made this statement while addressing the International Investment Conference on Sesame held in Islamabad, as per the press release issued today.

The Federal Minister shared that Pakistan's sesame production has increased by 455% in 5 years, reaching 1.119 million tons annually, while sesame exports have grown by 327%, amounting to 0.760 mn tons per year.

He further noted that the total value of sesame exports has surged by 366%, reaching $1.073 billion annually, making Pakistan the third-largest sesame exporter globally.

"Strengthening sesame production will not only reduce edible oil imports but also bolster Pakistan’s economy by generating valuable foreign exchange", he added.

The minister outlined sesame as a high-value cash crop with significant export potential and praised the achievements of Pakistan in the sesame sector over the past five years.

Rana Tanveer emphasized that the inclusion of sesame in the National Oilseeds Enhancement Program (NOEP) has transformed it from a neglected crop to a major contributor to Pakistan's economy.

He pointed out that sesame's success is a result of collaboration between the Ministry of National Food Security and Research and provincial agriculture departments.

The Minister urged all stakeholders to focus on value addition, improved processing technologies, and the exploration of new global markets for sesame products, including refined sesame oil.

He called upon the Ministry of Commerce to play a vital role in promoting Pakistan's sesame products in international markets.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 171,960.65
392.43M
0.97%
1646.79
ALLSHR 103,659.28
947.75M
0.62%
643.69
KSE30 52,557.52
150.39M
1.36%
703.46
KMI30 245,023.89
112.16M
1.14%
2764.20
KMIALLSHR 67,064.35
524.22M
0.51%
340.18
BKTi 47,590.36
57.61M
1.56%
728.93
OGTi 33,487.27
7.87M
-0.38%
-127.99
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 85,625.00 89,660.00
84,505.00
-340.00
-0.40%
BRENT CRUDE 59.72 60.67
59.54
0.04
0.07%
RICHARDS BAY COAL MONTHLY 91.00 0.00
0.00
2.25
2.54%
ROTTERDAM COAL MONTHLY 97.50 97.50
97.50
0.75
0.78%
USD RBD PALM OLEIN 1,016.00 1,016.00
1,016.00
0.00
0.00%
CRUDE OIL - WTI 55.90 56.85
55.73
0.09
0.16%
SUGAR #11 WORLD 14.47 14.80
14.38
-0.29
-1.96%

Chart of the Day


Latest News
December 18, 2025 at 10:07 PM GMT+05:00

SBP reserves nears $16bn


December 18, 2025 at 05:22 PM GMT+05:00

PKR remains flat against USD


December 18, 2025 at 05:19 PM GMT+05:00

Bank of England cuts rate to 3.75%


December 18, 2025 at 04:33 PM GMT+05:00

World Bank backs Pakistan’s gas sector sustainability drive


December 18, 2025 at 04:00 PM GMT+05:00

PSX Closing Bell: Bulls Keep a Foot in the Door



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg