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Pakistan food exports surge 45% in July 2024

August 16, 2024 4:33 pm
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Pakistan food exports surge 45% in July 2024

Pakistan’s food exports experienced a substantial boost at the start of the fiscal year 2024, with a 45% increase according to the Pakistan Bureau of Statistics.

In July, food exports reached over $475.7 million (around Rs132.44 billion), setting a new record for the sector.

Moreover, rice exports, including Basmati, saw a dramatic 135% increase, bringing in $205.7 million and highlighting a growing global demand for Pakistani rice. Sugar exports also surged, with a 590% increase, contributing $23.9 million to export revenue, showcasing Pakistan’s expanding international market presence.

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In addition, vegetable exports doubled, earning $28.8 million, while fruit exports grew by 13%, surpassing $40 million. Other sectors, such as oilseeds and nuts, recorded a 94% increase in exports, and the meat industry grew by nearly 6%, generating $36.8 million.

Despite these gains, declines were noted in tobacco, fish, and spices exports.

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Aamir Khan, with a knack for economics and business news, is currently working at Azaad English.

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