MM News

Pakistan has experienced a 22% year-on-year increase in food exports during the first four months of the current fiscal year 2024-25, according to a report issued by the Pakistan Bureau of Statistics (PBS) on Saturday.

According to the PBS report, from July to October, food exports amounted to $2.36 billion, an increase of $420 million compared to the same period last year. The growth is mainly driven by rice, sugar, and vegetable exports, which have shown consistent growth for the fourth consecutive month.

As per the report published in Samaa News, rice exports rose by 52.53%, surpassing $1 billion, with $330 million coming from premium-quality Basmati rice, reflecting increased international demand. Sugar exports surged by 413%, generating $108.2 million in revenue.

The report states that vegetable exports grew by 37%, totaling $91.1 million, while fruit exports rose by 7%, reaching $116.6 million. Meat exports showed a modest 5% increase, totaling over $160 million. However, there were declines in the exports of fish, pulses, spices, oilseeds, and dry fruits.

In October 2024, food exports reached $748.4 million, reflecting a 12.77% year-on-year increase. This consistent rise highlights the growing global demand for Pakistani agricultural products. The growth is expected to positively impact Pakistan’s economy by diversifying its export portfolio and capitalizing on its agricultural strengths.