ISLAMABAD, JAN 26 /DNA/ – Atif Ikram Sheikh, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has welcomed the federal government’s decision to grant a rebate to rice exporters, saying it will boost the country’s rice exports and benefit farmers.
In a statement, he said the decision to give a 9% rebate on Basmati rice and 3% on non-Basmati rice is commendable and will help increase Pakistan’s rice exports, which are expected to earn $1.5 billion for the country.
He said the decision will make Pakistani rice competitive in the global market, where it was facing stiff competition from Indian rice due to higher prices. The rebate will bridge the price gap between Pakistani and Indian rice, making it easier for Pakistani exporters to compete.
He praised Prime Minister Shehbaz Sharif and Commerce Minister Jam Kamal Khan for their efforts to support the rice industry. He said the decision will not only boost rice exports but also benefit farmers and the country’s economy.
Kareem Aziz Malik, Chairman Capital Office FPCCI and CEO Barkat Rice Mill, said the decision is a result of the efforts of Atif Ikram Sheikh, who had been raising the issue of high prices of Pakistani rice in the global market. He thanked the prime minister and commerce minister for their support to the rice industry.
