Pakistan's rice exports are emerging as a potential lifeline for the country's struggling economy, with the sector generating significant foreign exchange earnings. In 2023, Pakistan exported approximately **$2.55 billion** worth of rice, making it the fourth-largest rice exporter globally.
The rise in production, attributed to favorable weather and improved agricultural practices, has positioned rice as a key driver of economic growth. As the nation seeks to stabilize its economy amid various challenges, bolstering rice exports could play a crucial role in enhancing food security and reducing the trade deficit.
Citations:
[1] https://pwcta.com/unlocking-pakistans-agricultural-potential-a-pillar-of-prosperity/
[2] https://oec.world/en/profile/bilateral-product/rice/reporter/pak
[3] https://www.finance.gov.pk/survey/chapter_24/2_agriculture.pdf
[4] https://www.eurasiareview.com/24092024-agriculture-the-backbone-of-pakistan-oped/
[5] https://thefinancialexpress.com.bd/views/reviews/bangladeshs-journey-of-agricultural-exports-unleashing-the-potential
[6] https://www.dailymessenger.net/business/news/27105
[7] https://www.thedailystar.net/business/news/agri-product-exports-growing-slowly-heres-why-3687541
[8] https://lightcastlepartners.com/insights/2021/12/agro-processing-on-the-rise-how-the-government-is-helping-it-thrive/