Pakistan’s Exports Surge in Agriculture and IT, Boosted by SIFC Initiatives

Islamabad: Pakistan has seen a notable increase in exports, particularly in the agriculture and information technology sectors, fueled by the proactive measures of the Special Investment Facilitation Council (SIFC). This surge is marked by significant export volumes and revenue, particularly in the rice industry, which saw over six million tons shipped abroad in fiscal year 2024, generating four billion dollars.

According to Ministry of Information and Broadcasting, the success in the agricultural sector, led by rice exports, has set the stage for an increased target of five billion dollars for the next financial year. This growth is not only a testament to the sector’s robust performance but also positions Pakistan to expand its footprint in international markets and enhance domestic production capabilities.

The year also witnessed a strategic move in the rice sector with the establishment of a partnership between the Italian food trade company and Fatima Euricom Rice Mills, solidifying a 50% joint venture that underscores the potential for future international collaborations. Moreover, the Economic Coordination Committee has approved the export of an additional 500,000 metric tons of sugar, reflecting surplus stocks.

The SIFC’s efforts have similarly propelled a 42% increase in IT exports, which culminated in earnings of 292 million dollars for the fiscal year. These strides in Pakistan’s key economic sectors highlight the effective role of SIFC in enhancing the country’s global trade relationships and fostering economic growth.

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