Business

ISLAMABAD (APP) – Pakistan has inked an agreement with Indonesia to export one million metric ton of rice over four years.

The agreement for export of rice will be implemented by Trading Corporation of Pakistan and Indonesian Government’s organization BULOG.

Commerce Minister Khurram Dastgir Khan said the intensive trade diplomacy of the Ministry of Commerce has resulted in securing a large export market for Pakistani rice for 2016-2019.

He said that the export order of one million metric ton will end the uncertainty prevailing in the domestic rice market.

Pak-Indonesia trade rose from seven hundred million dollars in 2010 to two point two billion dollars in 2014 after the conclusion of Preferential Trade Agreement.