ISLAMABAD
\nFederal Minister for Commerce Jam Kamal Khan held a detailed meeting with the Turkish Ambassador to Pakistan, Dr. Irfan Neziroglu, at the Ministry of Foreign Affairs (MoFA) to review and enhance bilateral trade cooperation, with a special focus on increasing Pakistan\u2019s rice exports to T\u00fcrkiye.
\nThe meeting was held on the directions of Prime Minister, Muhammad Shehbaz Sharif, who has assigned priority to strengthening agricultural exports, particularly rice, amid intensifying global competition, said a release issued here on Wednesday. During the discussions, the Federal Minister highlighted that Pakistan has recorded an excellent rice harvest this season, ensuring both quality and sufficient exportable surplus.
\nHowever, he noted that aggressive pricing by competing exporters\u2014especially India and Vietnam has created challenges in global markets, exerting downward pressure on prices despite Pakistan maintaining strong export volumes. Jam Kamal Khan informed the Turkish side that the government, in close consultation with rice exporters and industry stakeholders, has developed a pricing support mechanism to ensure Pakistan remains competitive in international markets. Under this mechanism, Pakistan is prepared to match prevailing global prices so that buyers do not face cost disadvantages when sourcing rice from Pakistan.
\nThe Minister emphasized that Pakistan is fully prepared to supply both basmati and non-basmati rice to T\u00fcrkiye at internationally competitive rates. He urged T\u00fcrkiye to consider increasing import volumes from Pakistan as a special case, stressing that Pakistan\u2019s primary objective is volume enhancement rather than price maximization, in order to safeguard farmer incomes and sustain the agricultural value chain.
\nTo facilitate this objective, both sides discussed activating government-to-government (G2G) trade channels alongside existing private-sector mechanisms. Under the proposed framework, Pakistan\u2019s state trading entities would coordinate with relevant Turkish public and private sector institutions, including state-owned grain procurement bodies, to enable bulk procurement where price competitiveness is ensured.
\nThe Federal Minister also raised key market-access issues, including tariff-rate quotas (TRQs), import licensing procedures, and the possibility of zero or reduced tariffs on basmati rice. He called for expansion and better utilization of the existing TRQ of 18,000 metric tons under the Pakistan\u2013T\u00fcrkiye Preferential Trade Agreement (PTA), noting that the quota had remained underutilized in previous cycles due to procedural constraints.
\nThe Turkish Ambassador welcomed Pakistan\u2019s proposals and reaffirmed T\u00fcrkiye\u2019s commitment to strengthening economic ties with Pakistan. He noted that bilateral trade volumes remain below potential despite strong political relations, and recalled the jointly agreed target of achieving USD 5 billion in bilateral trade, set during the Pakistan\u2013T\u00fcrkiye High-Level Strategic Cooperation Council meeting.
\nBoth sides agreed on the need for increased engagement between business communities, including trade delegations, exhibitions, and B2B interactions, to improve awareness of commercial opportunities. It was also agreed that technical delegations would meet in the coming weeks to advance discussions on rice trade, PTA expansion, and broader cooperation in agriculture, food processing, and value-added rice products such as parboiled rice.
\nThe meeting concluded with a shared commitment to fast-track technical consultations, improve quota utilization, and expand Pakistan\u2019s footprint in the Turkish and regional rice markets, including opportunities for re-exports to neighboring countries. \u2014 DNA<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD Federal Minister for Commerce Jam Kamal Khan held a detailed meeting with the Turkish Ambassador to Pakistan, Dr. Irfan Neziroglu, at the Ministry of Foreign Affairs (MoFA) to review and enhance bilateral trade cooperation, with a special focus on increasing Pakistan\u2019s rice exports to T\u00fcrkiye. The meeting was held on the directions of Prime […]<\/p>\n","protected":false},"author":2,"featured_media":382132,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-528284","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n