Advertisement
Categories: News

Pakistan and Turkey Agree to Boost Rice Trade with Export Promotions

Advertisement

Pakistan and Turkey have agreed to expand bilateral rice trade by improving pricing competitiveness, increasing export volumes, and strengthening business-to-business linkages, as part of wider efforts to deepen economic cooperation between the two countries.

The understanding was reached during a meeting between Federal Commerce Minister Jam Kamal Khan and the Turkish ambassador, where both sides reviewed existing trade arrangements and discussed ways to enhance rice exports. In a statement, the Ministry of Commerce said the initiative is being pursued on the instructions of the prime minister as part of a broader push to promote agricultural exports.

Officials noted that Pakistan has recorded one of its strongest rice harvests in recent years, creating a substantial exportable surplus for international markets. Pakistan assured Turkey of a consistent supply of both basmati and non-basmati rice at competitive prices while emphasising that export growth would be pursued without adversely affecting farmers’ returns.

The talks also covered a proposal to increase the rice export quota by 18,000 metric tonnes under the Pakistan–Turkey Free Trade Agreement. Both sides discussed the possibility of zero or reduced tariffs on basmati rice to further encourage trade flows. Pakistan said various government-to-government options for expanding rice trade are under consideration.

Reaffirming their shared objective of raising overall bilateral trade to $5 billion, officials from both countries identified agriculture as a key growth sector. The two sides also agreed to expand business delegations and strengthen B2B engagement to support trade expansion.

According to the Ministry of Commerce, technical delegations from Pakistan and Turkey are expected to meet in the coming weeks to advance discussions and finalise practical steps for boosting rice exports.

Advertisement
News Desk

Recent Posts

Samsung and Spotify Bring Premium Listening to More Connected Devices Across Pakistan

In a first for the region, eligible Samsung users can get up to three months…

1 hour ago

Spotify Atif Aslam- Launch PRL

The new personalized in-app experience reveals your Aadee persona, celebrating the unique ways fans connect…

2 hours ago

Mohsin Sheikhani urged govt to increase lending to support housing growth

Pakistan’s growing housing shortage requires urgent and sustained policy action, with affordable financing, long-term planning…

23 hours ago

Meezan Bank Announces Financial Results for the Half Year Ended June 30, 2026

The Board of Directors of Meezan Bank, in their meeting approved the financial statements of…

23 hours ago

The Aga Khan University launches Manual of Pediatrics to Strengthen Child Health Care in Pakistan

The Aga Khan University (AKU) has launched the AKU Manual of Pediatrics, a free, locally…

2 days ago

UNILEVER PAKISTAN HOSTS COMPETITION COMMISSION OF PAKISTAN FOR EMPLOYEE TRAINING ON COMPETITION LAW

Unilever Pakistan hosted the Competition Commission of Pakistan (CCP) at its Head Office for a…

2 days ago