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Pakistan exports rice worth US$ 2.073 billions in 2017

03:56 PM | 23 Jul, 2018
Pakistan exports rice worth US$ 2.073 billions in 2017
LAHORE - About 4.106 million tons of rice worth US$ 2.073 billion were exported during 12 months of last financial year as compared the exports of 3.523 million tons valuing US$ 1.606 billion of the corresponding period of last years.

The exports of the above-mentioned commodity had registered 26.78 percent growth during the period under review, according to the data of Pakistan Bureau of Statistics.

During the period from July-June, 2017-18, about 520,759 metric tons of basmati rice worth US$ 540.231 million were exported as against 496,263 metric tons valuing US$ 453.441 million of the same period of last year.

The exports of basmati rice witnessed 19.14 percent growth when the quantity was compared with the same period of last year, the data revealed.

Meanwhile, the country earned US$ 1.496 billion by exporting rice other than basmati as about 3.585 million tons of other rice exported as against the exports of 3.053 million tons worth US$ 1.153 billion of the same period last year.

It may be recalled that food group exports from the country recorded about 29.28 percent growth as country earned US$ 4.797 billion exporting different food commodities, which were recorded at US$ 3.711 billion in the same period of last year.

The other commodities which recorded positive growth in their exports during the period under review included fish and fish products by 14.57 percent, fruits, and vegetables by 5.8 percent and 30.56 percent respectively.

During the period under review fish and fish products worth US$ 451.026 million, fruit and vegetables US$ 400.237 million and 241.426 million respectively were exported.

On the other hand, the country spent US$ 6.185 billion on the import of food during last financial year, which was recorded at US$ 6.143 billion during the same period of last year, showing an increase of 0.68 percent, the data added.

During last year the country consumed about 183,321 metric tons of tea costing US$ 551.881 million as compared the 194.833 metric tons and US$ 523.790 million of the same period of last year.

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 22 February 2024

Pakistani rupee remains stable against US dollar and other currencies in the open market on February 22, 2024 (Thursday)

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.6 for buying and 282.4 for selling.

Euro comes down to 300.2 for buying and 303.2 for selling while British Pound rate stands at 350.6 for buying, and 354.1 for selling.

UAE Dirham AED hovers at 76.2 whereas the Saudi Riyal saw slight increase, with new rates at 74.45.

Today’s currency exchange rates in Pakistan - 22 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.6 282.4
Euro EUR 300.2 303.2
UK Pound Sterling GBP 350.6 354.1
U.A.E Dirham AED 76.2 76.95
Saudi Riyal SAR 74.45 75.2
Australian Dollar AUD 181.15 183.15
Bahrain Dinar BHD 743.32 751.32
Canadian Dollar CAD 207.15 209.15
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 902.41 911.41
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.96 733.96
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207.1 209.1
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 316.9 319.4
Thai Bhat THB 7.93 8.08

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