Pakistan & Rice
Being an agro-based economy, Pakistan prides itself in being the 11th largest producer of rice worldwide, producing an average of 6 million tones per annum. Thus the export of rice is vital to Pakistan’s economy as it contributes to a yearly economic growth rate of an estimated 9-10%.
The macro-economic environment since the inception of our country has shown a markedly steady growth in demand for consumable items such as Rice.
Rice is also the second largest source of food found in the archetypical Pakistani cuisine, requiring accommodation for 180 million members of its population, growing at 3% per annum. These figures illustrate how the ever-increasing demand for such commodities ultimately suggests growth of the Rice Mills industry as a whole, making development in this sector inevitable.