ISLAMABAD (Newsman): Pakistan’s food export sector registered a huge 22 percent growth in the first four months of the current fiscal year, by touching $2.36 billion.
This big growth was driven by a robust performance in commodities of rice, sugar, and vegetable exports, registering a remarkable boost in the country’s agricultural trade for almost the first time in hisotry.
The growth in rice exports surged by over 52%, surpassing $1 billion, with Basmati rice reporting a remarkable upsurge in demand. Sugar exports also saw an extraordinary rise of 413%, bringing around $108 million.
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Some food products also experienced a dip. These food commodities registering deline are like dry fruits and fish sectors.
The overall jump in food exports reflects a growing global demand for Pakistani food products, contributing to economic growth.
Better marketing and higher local production with better pricing played a key role in higher exports.