Business

REAP hails economic agenda of new govt

Rice Exporters Association of Pakistan (REAP) has hailed the economic agenda of the new government and asked it to declare the rice sector as an industry.
In a statement, Chairman REAP Chaudhry Samee Ullah Naeem said that the new government will need a competent team to address the economic issues, as the economic problems are due to lower exports.
He said that the step to declare rice sector an industry will benefit with 30 percent higher exports by saving post-harvest losses and increasing exports to high-valued destinations by 30 percent.
The Chairman REAP said that the competing countries including Thailand, India, USA and Brazil have recognized their rice sector as an industry.
He said that declaration of rice sector as an industry will help in the formation of consolidated policy that will help in the integration of all supply chain stakeholders into one chain.
He underlined the need for good marketing techniques to dig-out large number of foreign buyers for Pakistani products.