BR100 Decreased By (-1.39%)
BR30 Decreased By (-1.72%)
KSE100 Decreased By (-1.3%)
KSE30 Decreased By (-1.25%)
AGHA 7.92 Decreased By ▼ -0.17 (-2.1%)
BECO 5.20 Decreased By ▼ -0.07 (-1.33%)
BML 59.25 Decreased By ▼ -0.13 (-0.22%)
BOP 33.68 Decreased By ▼ -0.51 (-1.49%)
CNERGY 9.81 Increased By ▲ 0.19 (1.98%)
CSIL 5.42 Decreased By ▼ -0.08 (-1.45%)
FCCL 53.52 Decreased By ▼ -0.63 (-1.16%)
FFL 16.68 Decreased By ▼ -0.16 (-0.95%)
FNEL 1.21 Decreased By ▼ -0.02 (-1.63%)
KEL 7.35 Decreased By ▼ -0.24 (-3.16%)
KOSM 5.61 Decreased By ▼ -0.07 (-1.23%)
LOTCHEM 29.11 Decreased By ▼ -1.32 (-4.34%)
MLCF 95.50 Decreased By ▼ -2.66 (-2.71%)
NBP 204.35 Decreased By ▼ -4.44 (-2.13%)
NCPL 58.24 Decreased By ▼ -1.37 (-2.3%)
NPL 67.79 Decreased By ▼ -2.08 (-2.98%)
OGDC 317.94 Decreased By ▼ -5.42 (-1.68%)
PACE 10.71 Decreased By ▼ -0.36 (-3.25%)
PAEL 41.83 Decreased By ▼ -0.42 (-0.99%)
PIBTL 16.50 Decreased By ▼ -0.32 (-1.9%)
PPL 219.74 Decreased By ▼ -4.99 (-2.22%)
PRL 44.59 Increased By ▲ 2.94 (7.06%)
PTC 70.77 Decreased By ▼ -0.35 (-0.49%)
SSGC 28.93 Decreased By ▼ -0.38 (-1.3%)
TBL 9.84 Decreased By ▼ -0.12 (-1.2%)
TELE 8.76 Decreased By ▼ -0.23 (-2.56%)
TPL 16.45 Decreased By ▼ -0.07 (-0.42%)
TPLP 12.10 Decreased By ▼ -0.67 (-5.25%)
TREET 22.80 Decreased By ▼ -0.26 (-1.13%)
TRG 60.03 Decreased By ▼ -0.42 (-0.69%)

KARACHI: In a significant diplomatic and trade achievement, Pakistan has successfully negotiated a reduction in the customs valuation of its rice exports to Kenya, from 615 to 460 per metric ton.

This landmark revision is expected to significantly enhance the competitiveness of Pakistani rice in the Kenyan market, providing a substantial boost to Pakistan’s rice exports and strengthening bilateral trade ties between the two nations.

The revision comes after persistent efforts by Pakistani rice exporters, who raised concerns over the disparity in customs valuation in Kenya.

The Trade Mission at the Pakistan High Commission in Nairobi took proactive measures to address the issue, engaging in extensive diplomatic lobbying and negotiations with the Kenya Revenue Authority (KRA).

Through official correspondence, high-level meetings, and discussions with representatives from the Office of the Kenyan President, the Trade Mission successfully advocated for the downward revision, marking a major win for Pakistan’s rice industry.

The Trade Development Authority of Pakistan (TDAP) has commended the Trade Mission in Kenya for its relentless efforts in resolving this critical issue. The revised customs valuation will make Pakistani rice more price-competitive in the Kenyan market, opening up new opportunities for exporters and further solidifying Pakistan’s position as a leading global supplier of high-quality rice.

This achievement underscores Pakistan’s commitment to addressing trade barriers and creating a more favourable environment for its exporters. The government continues to work closely with international partners to promote Pakistani products globally, particularly in key markets like Kenya.

The success in Kenya is a testament to Pakistan’s proactive diplomatic and trade initiatives, aimed at supporting the growth of the country’s agro-exports and enhancing its economic footprint on the global stage.

Pakistan remains dedicated to fostering stronger trade relationships and ensuring that its exporters have the necessary support to compete effectively in international markets. This milestone not only benefits the rice industry but also reinforces Pakistan’s reputation as a reliable and competitive trading partner.

Copyright Business Recorder, 2025

Comments

Comments are closed for this article.