{"id":434299,"date":"2024-09-30T08:45:24","date_gmt":"2024-09-30T03:45:24","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=434299"},"modified":"2024-09-30T08:45:24","modified_gmt":"2024-09-30T03:45:24","slug":"commerce-intervenes-to-boost-rice-exports","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/commerce-intervenes-to-boost-rice-exports\/","title":{"rendered":"Commerce intervenes to boost rice exports"},"content":{"rendered":"<p>MEP initially introduced last year in response to rising global rice prices and a ban imposed by India on rice exports<br \/>\n ISLAMABAD<br \/>\nFederal Minister for Commerce , Jam Kamal Khan has intervenes to boost Rice exports by lifting for minimum export price.<br \/>\nIn a significant move to support Pakistani exporters, Federal Minister for Commerce Jam Kamal Khan has directed the immediate withdrawal of the Minimum Export Price (MEP) on rice, a measure that had been set in place in 2023, said a press release issued here on Saturday.<br \/>\nThe Ministry of Commerce, under Jam Kamal\u2019s leadership, issued the notification following the request of the Rice Exporters Association of Pakistan (REAP).<br \/>\nThe MEP was initially introduced last year in response to rising global rice prices and a ban imposed by India on rice exports.<br \/>\nHowever, with the recent decline in international rice prices and India lifting its export ban, the MEP has become an obstacle for Pakistani rice exporters to remain competitive in global markets. By removing the MEP, Pakistani rice exporters will now be able to better compete in international tenders, enhancing their ability to secure large contracts.<br \/>\nThe decision is expected to play a key role in boosting Pakistan\u2019s rice exports, with industry experts projecting that it could help achieve export revenue of up to $5 billion in the current financial year. REAP has praised the decision, stating that Jam Kamal Khan\u2019s intervention will prove instrumental in revitalizing the rice export sector and ensuring Pakistan\u2019s strong presence in the global rice trade.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MEP initially introduced last year in response to rising global rice prices and a ban imposed by India on rice exports ISLAMABAD Federal Minister for Commerce , Jam Kamal Khan has intervenes to boost Rice exports by lifting for minimum export price. In a significant move to support Pakistani exporters, Federal Minister for Commerce Jam [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":402409,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-434299","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Commerce intervenes to boost rice exports<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/commerce-intervenes-to-boost-rice-exports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Commerce intervenes to boost rice exports\" \/>\n<meta property=\"og:description\" content=\"MEP initially introduced last year in response to rising global rice prices and a ban imposed by India on rice exports ISLAMABAD Federal Minister for Commerce , Jam Kamal Khan has intervenes to boost Rice exports by lifting for minimum export price. In a significant move to support Pakistani exporters, Federal Minister for Commerce Jam [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/commerce-intervenes-to-boost-rice-exports\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-30T03:45:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2024\/04\/Jam-Kamal.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" 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