Pakistani sesame exports reach $1.5bn, officials emphasize growth potential

News Image

MG News | May 23, 2024 at 04:52 PM GMT+05:00

0:00

May 23, 2024 (MLN): Pakistan has garnered $1.5 billion from sesame exports this year, said Director General (DG) of Agriculture Research Punjab Sajid-ur-Rehman as reported by APP.

Speaking at a seminar held at the Ayub Agriculture Research Institute (AARI) on Thursday, Sajid stressed the importance of promoting sesame cultivation to bolster exports and bolster the country's foreign exchange reserves.

Highlighting sesame as a lucrative cash crop with significant market value, Sajid urged agricultural scientists to address challenges faced by farmers while introducing new varieties to enhance per-acre production.

Despite sesame being cultivated across 1 million acres of land in Pakistan, farmers often struggle to maximize its potential due to inadequate management practices and value addition.

Amir Rasool, DG Agriculture Pest Warning Punjab, revealed that Pakistan's overall exports of sesame, fruits, vegetables, rice, and other agricultural commodities have surpassed $7bn this year.

He noted a remarkable 277% increase in sesame cultivation acreage and a 300% surge in production compared to the previous year.

Encouraging farmers to adopt appropriate pesticide and herbicide usage under expert guidance, Rasool emphasized that the adoption of modern technology could potentially triple sesame exports to $3bn within the next few years.

Chief Scientist of Oil-seed Crops at AARI Ehsan Mohiy-ud-Din underscored the nutritional benefits of sesame seeds, containing essential minerals like calcium, iron, and copper, which contribute to bone health.

He highlighted sesame's widespread utilization across various industries, including fast food, bakery, and pharmaceuticals, emphasizing its significance in manufacturing medicines, soaps, perfumes, and carbon papers.

Muhammad Rafiq, Senior Executive at the State Bank of Pakistan (SBP), announced a substantial allocation of Rs280bn in loans for small farmers at a low markup rate of 5 to 7% over 3 to 5 years.

Rafiq urged the farming community to leverage this financial support to further develop sesame cultivation.

The seminar also featured addresses by City Police Officer Kamran Adil, renowned agricultural scientist Dr. Salsabeel Rauf, oil-seed expert Hafiz Saad bin Mustafa, and other prominent figures.

The event aimed to foster collaboration and knowledge-sharing among stakeholders to maximize the potential of sesame cultivation and enhance Pakistan's agricultural exports.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 162,994.17
366.14M
-1.71%
-2829.70
ALLSHR 97,525.91
833.18M
-1.65%
-1634.99
KSE30 49,090.22
171.05M
-2.02%
-1011.73
KMI30 234,097.76
141.71M
-1.92%
-4583.61
KMIALLSHR 63,284.58
381.76M
-1.79%
-1151.00
BKTi 45,458.10
90.77M
-1.53%
-707.82
OGTi 33,162.89
14.24M
-2.82%
-962.44
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 78,220.00 79,420.00
76,515.00
1480.00
1.93%
BRENT CRUDE 109.20 112.45
106.23
-1.20
-1.09%
RICHARDS BAY COAL MONTHLY 113.00 0.00
0.00
0.00
0.00%
ROTTERDAM COAL MONTHLY 109.25 0.00
0.00
-0.20
-0.18%
USD RBD PALM OLEIN 1,191.50 1,191.50
1,191.50
0.00
0.00%
CRUDE OIL - WTI 102.50 106.65
99.30
-2.57
-2.45%
SUGAR #11 WORLD 14.97 15.01
14.42
0.36
2.46%

Chart of the Day


Latest News
May 01, 2026 at 09:42 PM GMT+05:00

Build in America or Bleed 25%: Trump to EU


May 01, 2026 at 09:26 PM GMT+05:00

PM extends petrol subsidy for motorcyclists


May 01, 2026 at 09:23 PM GMT+05:00

Lucky Textile CEO lands key export role


May 01, 2026 at 09:04 PM GMT+05:00

FBR faces Rs649bn tax shortfall


May 01, 2026 at 09:00 PM GMT+05:00

You can't super-tax what you can't tax: SC



Top 5 things to watch in this week

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