AIRLINK 79.41 Increased By ▲ 1.02 (1.3%)
BOP 5.33 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.38 Increased By ▲ 0.05 (1.15%)
DFML 33.19 Increased By ▲ 2.32 (7.52%)
DGKC 76.87 Decreased By ▼ -1.64 (-2.09%)
FCCL 20.53 Decreased By ▼ -0.05 (-0.24%)
FFBL 31.40 Decreased By ▼ -0.90 (-2.79%)
FFL 9.85 Decreased By ▼ -0.37 (-3.62%)
GGL 10.25 Decreased By ▼ -0.04 (-0.39%)
HBL 117.93 Decreased By ▼ -0.57 (-0.48%)
HUBC 134.10 Decreased By ▼ -1.00 (-0.74%)
HUMNL 7.00 Increased By ▲ 0.13 (1.89%)
KEL 4.67 Increased By ▲ 0.50 (11.99%)
KOSM 4.74 Increased By ▲ 0.01 (0.21%)
MLCF 37.44 Decreased By ▼ -1.23 (-3.18%)
OGDC 136.70 Increased By ▲ 1.85 (1.37%)
PAEL 23.15 Decreased By ▼ -0.25 (-1.07%)
PIAA 26.55 Decreased By ▼ -0.09 (-0.34%)
PIBTL 7.00 Decreased By ▼ -0.02 (-0.28%)
PPL 113.75 Increased By ▲ 0.30 (0.26%)
PRL 27.52 Decreased By ▼ -0.21 (-0.76%)
PTC 14.75 Increased By ▲ 0.15 (1.03%)
SEARL 57.20 Increased By ▲ 0.70 (1.24%)
SNGP 67.50 Increased By ▲ 1.20 (1.81%)
SSGC 11.09 Increased By ▲ 0.15 (1.37%)
TELE 9.23 Increased By ▲ 0.08 (0.87%)
TPLP 11.56 Decreased By ▼ -0.11 (-0.94%)
TRG 72.10 Increased By ▲ 0.67 (0.94%)
UNITY 24.82 Increased By ▲ 0.31 (1.26%)
WTL 1.40 Increased By ▲ 0.07 (5.26%)
BR100 7,526 Increased By 32.9 (0.44%)
BR30 24,650 Increased By 91.4 (0.37%)
KSE100 71,971 Decreased By -80.5 (-0.11%)
KSE30 23,749 Decreased By -58.8 (-0.25%)

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

Comments are closed.