Tue, 21-Oct-2025

Efforts underway to bring investment under joint-ventures: President

President
  • He said business community could make Pakistan economically strong.
  • President congratulated REAP for its journey from exports of $300m to $3b.
  • Governor Sindh Kamran Tessori said rice was second best export of country.

KARACHI: President Dr. Arif Alvi said that efforts were being made to bring foreign investment under joint-ventures to improve the economy of the country.

He said that improving the ease of doing business and timely decision-making played a vital role in putting the country on the path to economic stability.

While addressing the 15th Rice Exporters Association of Pakistan (REAP)’s Recognition Ceremony, also attended by the Sindh Governor Mohammed Kamran Khan Tessori, at a local hotel here, the President said that the business community could make Pakistan economically strong.

Alvi said that Pakistan had tremendous potential, which could be tapped by taking responsibility.

He congratulated REAP for its journey from the exports of $300 million to $3 billion.

The President asked REAP members to move towards joint-ventures and focus on value-added rice items.

He said that ‘Briyani Festival’ was a good idea and it was an example of value-addition. He also invited REAP to organize the festival at the President House.  Alvi said that the Rice research insstitutions should be revived to further grab the international market. He, on the demand of REAP, said that market-oriented institutions should be jointly established by the gevernment and REAP.

The President said that women must be employed in companies to empower them financially and enable them to play their role in the economy of the country. He said that we had to impart education to our children to cope with the challenges being faced by the country.

Sindh’s Governor, Mohammed Kamran Khan Tessori, while addressing the ceremony said that rice was the second best export of the country and deplored that it had not been recoganized as an industry so far.

Talking about the Palestinians, he said that the world should raise its voice for the Palestinians and against Israeli brutalities.

REAP Chairman Chela Ram Kewlani addressing the ceremony said that REAP was the backbone of the country’s economy. He said that the Rice of Pakistan had become a brand at international level.

[embedpost slug=”customs-intelligence-grabs-tax-fraud-worth-rs-3-5-billion”]

Read more

Sindh CS Sohail Rajput promised to resolve concerns of rice exporters

Sohail Rajput

Sohail Rajput stated that the younger generation must take the initiative and contribute to the economy’s progress. According to Rajput, the country is also experiencing a wheat crisis and would import 3 million tonnes of wheat. REAP meets with the Sindh Government to discuss ways to improve productivity and exports of rice, among other issues. … Read more

Businessmen oppose sales tax on seed industry

seed industry

LAHORE: The unjustified move of levying sales tax on the seed industry will negatively impact crop yield by slowing down the process of hybridisation, businessmen said in a statement. “The levy of 17 per cent general sales tax (GST) on locally produced or imported seed coupled with 3 per cent additional tax on unregistered seed … Read more

White on rice

rice

Karachi: Pakistan, a rice producing country, is under severe duress due to its plan to initiate barter trade of rice against the liquefied petroleum gas (LPG) with Iran, which is facing several sanctions from the US and other international donors due to its stand on nuclear issue. The donor agencies are also putting pressure on … Read more

Pakistan exports 3.6 million tonnes rice last year: Reap

Pakistan

LAHORE: Rice Exporters Association of Pakistan (Reap) chairman Ali Hussam Asghar has said that the commodity’s exports reached 3.6 million tonnes last year. Talking to a delegation of the Lahore Economic Journalists Association, he said, the country earned $2 billion from rice exports. Hussam suggested the use of technology for increasing rice production and urged … Read more

Sri Lanka pledges preferential treatment to Pakistani exporters

Sri Lanka pledges preferential treatment to Pakistani exporters

KARACHI: Sri Lanka has pledged to provide preferential trade treatment to Pakistani exporters and asked them to prepare a comparative study on the tariffs being offered to India, the apex trade body said on Wednesday. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Nasser Hyatt Maggo said that Sri Lanka has assured … Read more