KARACHI: The Rice Exporters Association of Pakistan (REAP) has demanded the formation of Export Board in order to enhance the exports of the country.
The demand of made by the President REAP Suleman Rafiq during an annual meeting of the association.
The President REAP demanded of the federal minister for Finance Ishaq Dar and Chairman Trade and Development Authority of Pakistan (TDAP) S M Muneer to take effective measures in order to boost the exporters of the country, particularly the export of rice.
He said that the rice is one of the main export commodities of the country, but its export is being declined gradually by every passing month.
He further said that the export of rice has been declined by 17per cent in the current year till July-2015 as compared to the previous year; adding that the export of rice would be declined further if the government will not take appropriate steps in this regard.
President REAP further urged the finance ministry and federal board of revenue to resolve the issues of rebate claims, as the Federal Minister Ishaq Dar has already vowed the business community and exporters to settle the issues of rebate claims by the end of July-2015.
It may be mentioned here that the foreign reserves of the country have also been affected by the declining of the export to other countries.
