Pakistan exports to Gulf hold strong as agri demand rises

Despite recent global tensions and challenges, Pakistani exports to Gulf countries maintained an upward trajectory, with demand for Pakistani agricultural products in these markets increasing steadily.

This was shared in a meeting chaired by Prime Minister Shehbaz Sharif on Tuesday, read an official statement.

Discussing Pakistani exports to Gulf countries, the PM said that despite regional tensions, successful diplomacy had ensured the continued supply of Pakistani exports.

He directed the Pakistan National Shipping Corporation (PNSC) to arrange ships to increase national exports through maritime routes.

During the meeting, the PM was also briefed on the long-term strategy for electricity generation.

Currently, 55% of total electricity generation comes from renewable sources, while 45% comes from fossil fuels, the meeting was informed.

Work is underway to increase electricity production from renewable sources to 90% in the next ten years, while production from biofuels to 10%, the briefing said.

“Despite disruptions in oil supply due to the tense regional situation, no energy crisis has emerged in the country because a significant share of electricity production comes from renewable energy sources,” the PM said.

The premier said that solar energy and other renewable energy sources were the future of the power sector, and directed the acceleration of work on the battery energy storage system project.

READ MORE: Pakistan pushes indigenous energy generation as ADB pledges support

The premier also instructed to formulate a comprehensive strategy to further expand renewable energy sources at the national level.