Rice Exporters demands incentive to accelerate the pace of exports

News Image

MG News | October 26, 2017 at 05:43 PM GMT+05:00

Rice exporters urged the Governor Sindh Mohammad Zubair to fight their case with the government allowing incentive and to do away the restriction of shipments of rice on government to government basis to Indonesia, permitting companies to deal with their couter parts.

A high profile delegation of Rice Exporters Association of Pakistan (REAP) led by Mr. Rafique Suleman, Senior Vice Chairman had a meeting with H.E. Muhammad Zubair, Governor Sindh at Governor House, Karachi. During the meeting Haji Abdul Rauf Chappal, Jawed Jillani, Asif Polani, REAP’s Managing Committee Members along with Jawed Tar Muhammad, Anis Majeed and Nadeem Polani were also present.

Rafique Suleman apprised Hon Governor Sindh about the issues and problems being faced by Pakistani Rice Exporters. He urged that despite country 2nd largest earner of foreign exchange, rice export sector is not given the status of Industry. In addition, in the the recently announced export package by Government of Pakistan, there was no relief for rice export sector. He added that Pakistani rice exporters are putting their untiring efforts for the increase of export trade.

He further informed that  Indonesia only procure rice with Government to Government (G to G) basis, whereas other rice exporting countries have authorized their Export Associations to export rice to Indonesia on behalf of their Government.

“We had also requested Federal Commerce Minister to authorize REAP for rice export to Indonesia, as Pakistani rice has a good potential in Indonesia and approximately 300,000 Metric Tons of rice may be exported to Indonesia  which will fetch US$ 120 Million valuable foreign exchange for our beloved country, the statement said.

H.E. Muhammad Zubair, Governor Sindh has listened to the problems of rice exporters with interest and assured his full cooperation to resolve them. To accelerate the process for rice export to Indonesia, he assured that he will arrange a meeting of Federal Commerce Minister and REAP to finalize this important matter.

Related News

Name Price/Vol %Chg/NChg
KSE100 168,021.80
127.60M
-0.81%
-1370.52
ALLSHR 101,556.94
354.31M
-0.67%
-689.83
KSE30 49,991.48
75.67M
-0.94%
-476.61
KMI30 238,953.80
53.22M
-0.89%
-2154.95
KMIALLSHR 65,832.11
176.71M
-0.62%
-413.39
BKTi 46,602.60
33.62M
-0.83%
-389.71
OGTi 34,306.19
5.41M
-0.53%
-182.74
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 75,715.00 76,030.00
75,715.00
-370.00
-0.49%
BRENT CRUDE 105.60 108.59
104.00
-3.15
-2.90%
RICHARDS BAY COAL MONTHLY 130.00 0.00
0.00
4.60
3.67%
ROTTERDAM COAL MONTHLY 138.50 0.00
0.00
-0.50
-0.36%
USD RBD PALM OLEIN 1,228.00 1,228.00
1,228.00
0.00
0.00%
CRUDE OIL - WTI 102.04 102.24
101.87
-0.39
-0.38%
SUGAR #11 WORLD 18.01 18.18
17.68
0.07
0.39%

Chart of the Day


Latest News
September 16, 2026 at 11:44 PM GMT+05:00

Petrol price jumps Rs6.88, diesel Rs5.62 from Sept 17


September 16, 2026 at 08:25 PM GMT+05:00

China remains largest source of FDI into Pakistan in August 2026


September 16, 2026 at 07:57 PM GMT+05:00

Power sector again tops FDI inflows in August 2026


September 16, 2026 at 05:30 PM GMT+05:00

MTL profit jumps 28% to Rs8bn, declares Rs11 final dividend



Top 5 things to watch in this week

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