Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

Pakistan, Philippines explore expanded rice trade under Prime Minister’s directions

byCT Report
24/01/2026
in Breaking News, Islamabad, Latest News, Slider News
Share on FacebookShare on Twitter

ISLAMABAD, Jan 23 (APP): Federal Minister for Commerce Jam Kamal Khan held an important meeting with Dr. Emmanuel R. Fernandez, Ambassador of the Philippines to Pakistan, on the special directions of Prime Minister, Muhammad Shehbaz Sharif, with a focus on enhancing Pakistan’s rice exports to the Philippine market.

During the meeting, the Commerce Minister conveyed the Prime Minister’s keen interest in identifying priority markets for Pakistan’s rice exports and formally requested the Philippine leadership to consider additional procurement from Pakistan.

You might also like

Pakistan’s trade deficit soars by 18.11% to $7.11 billion

03/09/2026

Pakistan to import up to 1m tonnes of wheat as Dar orders immediate supply to provinces

03/09/2026

He highlighted that Pakistan is currently on a strong agricultural output trajectory, with ample surplus rice stocks available for export, while maintaining consistent quality standards.

Jam Kamal Khan noted that global market dynamics have evolved with the re-entry of major suppliers, intensifying price competition.

To address this, the Government of Pakistan has developed a mechanism to ensure benchmark price competitiveness, including financial bridging where required, so that Pakistani rice remains competitive while assuring buyers of quality and quantity.

He emphasized that if Pakistan is able to closely match prevailing market prices, there is strong scope for expanding bilateral rice trade through institutional engagement between relevant authorities of both countries.

The Commerce Minister further informed the Ambassador that, on the Prime Minister’s instructions, Pakistan has identified the Philippines as one of the key partner countries for enhanced rice exports.

Both sides reviewed progress on a draft Memorandum of Understanding (MoU) under negotiation between the Ministry of Commerce of Pakistan and the Ministry of Agriculture of the Philippines, envisaging government-to-government procurement over a multi-year period.

It was noted that technical teams are in close coordination, with a Pakistani delegation scheduled to engage with Philippine counterparts to expedite finalization of the MoU ahead of upcoming tenders.

The meeting also discussed tariff-related considerations and the importance of addressing cost competitiveness to facilitate greater volumes of Pakistani rice exports. The Pakistani side underscored that early conclusion of the MoU would help manage surplus stocks and ensure continuity of supply to the Philippine market.

In addition to rice, the Commerce Minister briefly highlighted Pakistan’s interest in expanding exports of kinnow (mandarin) to the Philippines and requested that related tariff issues be considered through appropriate institutional forums, including the JEC.

Both sides reaffirmed their commitment to close coordination through diplomatic and commercial channels to translate discussions into concrete outcomes, reflecting the shared objective of strengthening Pakistan–Philippines trade relations in priority agricultural commodities.

Related Stories

Pakistan’s trade deficit soars by 18.11% to $7.11 billion

byCT Report
03/09/2026

ISLAMABAD: Pakistan’s trade deficit has soared by 18.11% during the first two months of the current fiscal year, rising from...

Pakistan to import up to 1m tonnes of wheat as Dar orders immediate supply to provinces

byCT Report
03/09/2026

ISLAMABAD: Deputy Prime Minister Ishaq Dar directed the Pakistan Agricultural Storage and Services Corporation (PASSCO) to immediately release wheat to...

Roosevelt Hotel counsel sees 1% chance of overturning arbitration award

byCT Report
03/09/2026

ISLAMABAD: Legal counsel for the Roosevelt Hotel has assessed the chances of successfully challenging an adverse arbitration award at just...

20 FBR-supplied computers disappear from Karachi Customs House

byCT Report
03/09/2026

KARACHI: Twenty brand-new computers allotted to Customs Appraisement East have gone missing from the Customs House Karachi store room, prompting...

Next Post

Uzbekistan, Pakistan: Strategic partnership toward regional stability and integration

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.