FPCCI for safeguarding interest of basmati rice growers

June 2, 2015 Off By Web Desk

Karachi: Abdul Rahim Janoo, Sr. Vice President of The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has urged the Federal Commerce Minister, Engr. Khurram Dastgir Khan, to thwart the Indian move to get its Basmati Rice registered and protected in global trade.

“This is a high time for the Ministry of Commerce to pre-empt the Indian move because in case if India is succeeded, Pakistan will not be able to export its Basmati Rice in the name, style and title of BASMATI”.

Janoo further added that it would have a far reaching negative impact on Pakistan’s economy as rice holds an extremely important position in national economy. He elaborated that Pakistan had earned $ 2.1 billion dollar foreign exchange through exports rice in the year 2014 which is the second highest export item from Pakistan after Textiles. “Pakistan is the world’s fourth largest producer of rice after China, India and Indonesia and millions of farmers rely on rice cultivation as a major source of employment”, he informed.

He underscored the need for taking necessary measures to safeguard the interest of indigenous Basmati Rice farmers and exporters in general and national economy in particular in the said matter.