Pakistan's export sectors have achieved remarkable growth during fiscal year 2024, primarily driven by Special Investment Facilitation Council's (SIFC) strategic focus on agriculture and information technology.
The country exported over 6 million tons of various rice varieties, generating revenue of $4 billion. Building on this success, authorities have set an ambitious target of $5 billion for the next fiscal year's rice exports.
This agricultural milestone has attracted international investment, with an Italian food trade company acquiring 50% partnership in Fatima Evycom Rice Mills, demonstrating growing global confidence in Pakistan's agricultural sector.
In a related development, the Economic Coordination Committee has authorized the export of 500,000 metric tons of sugar, capitalizing on surplus stock availability.
The IT sector, another SIFC priority area, recorded a substantial 42% increase in exports during FY2024, generating $292 million in revenue.
These achievements are expected to strengthen Pakistan's position in global markets and create opportunities for future trade agreements and partnerships.
