Agro, food exports jump 37pc

Pakistan has seen a significant increase of 37.4 per cent in the export of agro and food products in the first quarter of the current fiscal year from a year ago amid soaring domestic food inflation. The surge in food products exports can be primarily attributed to the unprecedented rupee depreciation and the persistent disruptions in the supply chain and higher prices in the international market, which have led to a soaring demand for food products. On Wednesday, the Trade Development Authority of Pakistan (TDAP), a subsidiary organisation of the Ministry of Commerce, released the latest data on the surge in food product exports. TDAP CEO Zubair Motiwalla expressed his optimism regarding the future of Pakistan’s agro and food product exports. He stated that if the current trends continue, the country’s exports in this sector are projected to surpass $7bn by the end of 2023-24.