Pakistan Eyes Iran’s Market to Increase Rice Exports

Date: 12 July 2019 - 21:50

News ID: ۶۸۰۱۴

TEHRAN (FNA) - Pakistan’s Adviser to Prime Minister on Commerce, Textile, Industries and Production Abdul Razak Dawood, in a meeting with a delegation of Pakistan's Rice Exporters Association has urged his country's rice exporters to benefit from Iran’s market.
"Iran’s big market can be a lucrative source of revenues for Pakistani rice exporters, an advisor to the country’s prime minister said, referring to Islamabad’s plan for rising the country’s annual rice exports revenues to $5 billion,” Abdul Razak Dawood said.
During the meeting, Dawood vowed to increase rice exports from the current $2 billion to $5 billion in upcoming five years.
Last week, Iran’s Minister of Industry, Mining and Trade Reza Rahmani during his visit to Pakistan expressed keen interest in importing 500,000 tons of rice from Pakistan.
The minister also led the Iranian delegation at 8th Joint Trade Committee (JTC) two-day meeting in Islamabad.
The two countries had also signed a memorandum of understanding (MoU) to promote bilateral trade and investment between the two countries.