BAFL 46.29 Decreased By ▼ -0.08 (-0.17%)
BIPL 20.27 Increased By ▲ 0.12 (0.6%)
BOP 5.36 Increased By ▲ 0.04 (0.75%)
CNERGY 4.85 Increased By ▲ 0.25 (5.43%)
DFML 17.51 Increased By ▲ 0.91 (5.48%)
DGKC 78.56 Increased By ▲ 0.71 (0.91%)
FABL 28.91 Increased By ▲ 0.70 (2.48%)
FCCL 20.51 Increased By ▲ 0.36 (1.79%)
FFL 9.50 Increased By ▲ 0.28 (3.04%)
GGL 12.97 Increased By ▲ 0.16 (1.25%)
HBL 112.13 Increased By ▲ 0.63 (0.57%)
HUBC 122.60 Decreased By ▼ -1.20 (-0.97%)
HUMNL 7.61 Decreased By ▼ -0.14 (-1.81%)
KEL 3.35 Increased By ▲ 0.08 (2.45%)
LOTCHEM 28.47 Increased By ▲ 0.02 (0.07%)
MLCF 41.54 Decreased By ▼ -0.21 (-0.5%)
OGDC 121.62 Increased By ▲ 6.12 (5.3%)
PAEL 18.75 Decreased By ▼ -0.29 (-1.52%)
PIBTL 5.53 Decreased By ▼ -0.05 (-0.9%)
PIOC 113.75 Increased By ▲ 1.15 (1.02%)
PPL 107.36 Increased By ▲ 7.16 (7.15%)
PRL 26.98 Increased By ▲ 1.28 (4.98%)
SILK 1.10 Decreased By ▼ -0.01 (-0.9%)
SNGP 69.60 Increased By ▲ 1.80 (2.65%)
SSGC 12.81 Increased By ▲ 0.26 (2.07%)
TELE 8.44 Decreased By ▼ -0.06 (-0.71%)
TPLP 13.36 Decreased By ▼ -0.04 (-0.3%)
TRG 85.53 Decreased By ▼ -0.12 (-0.14%)
UNITY 26.33 Decreased By ▼ -0.32 (-1.2%)
WTL 1.55 Decreased By ▼ -0.03 (-1.9%)
BR100 6,450 Increased By 73 (1.15%)
BR30 22,796 Increased By 419.9 (1.88%)
KSE100 62,956 Increased By 463 (0.74%)
KSE30 21,004 Increased By 174.8 (0.84%)

KARACHI: The State Bank of Pakistan (SBP) on Friday assured to resolve the issues being faced by the rice exporters on priority basis.

A delegation of Rice Exporters Association of Pakistan (REAP) led by Muhammad Anwar Mianoor, Senior Vice Chairman had a meeting with Sima Kamil, Deputy Governor State Bank of Pakistan (SBP) on Friday at SBP Head Office, Karachi. Abdul Qayum Paracha, Ex-Chairman REAP, Safder Hussain Mehkri, Ex-Chairman REAP, Rafique Suleman, Ex-Chairman REAP, Muhammad Raza, Ex-Senior Vice Chairman REAP and Asif Ali Shaikh, MC Member REAP were also present in the meeting.

During the meeting, SVC REAP Anwar Mianoor talked about various challenges being faced by rice export sector particularly stuck up payment of $9 million at Lebanon for the rice shipment to Yemen.

He suggested formation of a high level delegation comprising representatives of Ministry of Commerce, Ministry of Finance, Trade Development Authority of Pakistan (TDAP), State Bank of Pakistan and REAP to visit Lebanon and have meetings with top government officials to resolve this long pending issue.

He also asked the SBP to resolve export refinance related issues being faced by rice exporters. Anwar requested to share various funding SBP programmes with REAP regarding agriculture sector, so that REAP can circulate the same to rice exports.

During the meeting former chairman REAP Rafique Suleman requested for full support for mechanical farming. “We are facing huge problem of smog in Punjab province. They use wheat harvester which cannot cut rice plant from root, and they fire the remains of rice plant roots, which create huge climate pollution and smog problem,” he mentioned.

He further said that whereas rice harvesters easily cut rice plants with roots and reduces the risk of pollution. “If Rice Harvesters are brought in our system, burning of rice plant remains will be eliminated. We want government to introduce some attractive package on mechanical farming / harvesting for farmers,” Suleman said. On the occasion, Sima Kamil, Deputy Governor SBP and her team assured their full support to resolve the long pending issues of rice exporters at Lebanon as well as existing problems. In the end, Anwar Mianoor SVC REAP presented REAP’s Shield and Flower Bouquet to Sima Kamil.

Copyright Business Recorder, 2021


Comments are closed.

REAP team meets SBP deputy governor

General elections: Ministry of Finance releases Rs17.4bn to ECP

Inter-bank: rupee records 6th successive gain against US dollar

Open market: rupee edges higher against US dollar

Cotton arrival up 5.2% in last two weeks of Nov: PCGA

KSE-100 settles shy of 63,000 after 463-point gain

More than 15,900 Palestinians killed in Gaza since Oct. 7: Palestinian health minister

Situation in Gaza 'getting worse by the hour': WHO

India to be world’s third-largest economy by 2030: S&P Global Ratings

CodeNinja secures $1.6mn investment led by sAi Venture Capital

Pakistan women’s team secures historic T20I series win over New Zealand