Pakistan: Finance minister promises to address rice export issues to boost foreign exchange

Finance Minister Senator Muhammad Aurangzeb assured that the government would address all issues related to rice exports to help generate more foreign exchange for Pakistan.

Suleman informed the minister that while rice exports had seen an increase this year, further tax relief for exporters could significantly boost exports and help the country earn more foreign exchange.

Suleman also highlighted the potential of mechanical farming, suggesting that with Prime Minister Shehbaz Sharif’s intervention, provincial governments could encourage farmers to adopt modern farming methods. He argued that such measures could increase crop yields by 50 to 60 percent, leading to higher rice exports and improved prosperity for farmers.

Further, Suleman recommended the removal of taxes on machinery imports for the rice sector, such as silos and dryers. He explained that installing temperature-controlled silos would improve the storage of essential commodities like wheat, maize, and rice, reducing spoilage and contributing to national economic stability.

Tags: crop, imports, maize, tax, exports, rice, Pakistan, wheat, yields