Pakistan Agriculture Export Increase from USD 5.8 Billion to 8 billion during FY 2023-2024: SIFC
Pakistan: Exports of agricultural and food products are witnessing a significant increase because of the efforts of Special Investment Facilitation Committee.
For the initial time, in history, Agro exports increased by 37 percent from 5.8 billion dollars to 8 billion dollars during the last fiscal year. Rice exports stood at 3.8 billion dollars, sesame seeds 410 million dollars, corn 421 million dollars, meat 507 million dollars and onion $224 million dollars.
In addition, exports of fruits and flavors have increased manifold. Export of mango increased by 12.74 percent, while that of flavors by 7.8 percent.
This increase indicates the growing importance of Pakistan’s agriculture sector in the global market and the revolutionary initiatives of SIFC.
According to the CEO Trade Improvement Authority of Pakistan (TDAP), the opening of the Chinese market for Pakistani meat has prompted a substantial increase in meat exports.
The tireless efforts of the SIFC and the Ministry of Trade have also opened the new markets of Jordan, Uzbekistan, Lebanon and Egypt for meat export. Pakistan also exported cherries to China for the initial time.
