Pakistan’s Ministry of Commerce has requested Rs. 20 billion in the upcoming federal budget to repay financial assistance that was earlier given to rice exporters. The proposal aims to support the country’s struggling rice export industry.
Officials say the financial support was originally introduced to help Pakistani exporters compete with cheaper and subsidized rice from India in international markets. This assistance was meant to keep Pakistan’s rice competitive globally.
Rice is Pakistan’s second-largest export product, but the sector has recently faced several challenges. Export earnings have declined due to strong international competition, falling global rice prices, and rising costs of production and financing.
Both basmati and non-basmati rice exports have been affected during the current fiscal year. Exporters say lower demand and reduced profit margins have made it difficult to maintain previous growth levels in foreign markets.
Industry representatives believe that timely government support could help stabilize the sector. They argue that financial assistance would allow exporters to improve competitiveness and regain lost market share.
Experts also say that strengthening the rice export industry could bring significant economic benefits. Higher exports could increase foreign exchange earnings and support farmers, millers, and traders across the supply chain.
The Ministry of Commerce believes that budgetary support will help settle outstanding commitments and provide stability to exporters facing financial pressure. Officials say the goal is to ensure Pakistan remains competitive in global rice markets.
