Pakistani sesame exports reach $1.5bln, officials emphasise growth potential

Author: APP

Director General (DG) of Agriculture Research Punjab Dr. Sajid-ur-Rehman has announced that Pakistan has garnered $1.5 billion from sesame exports this year.

Speaking at a seminar held at the Ayub Agriculture Research Institute (AARI) on Thursday, Dr. Sajid stressed the importance of promoting sesame cultivation to bolster exports and bolster the country’s foreign exchange reserves. Highlighting sesame as a lucrative cash crop with significant market value, Dr. Sajid urged agricultural scientists to address challenges faced by farmers while introducing new varieties to enhance per-acre production. Despite sesame being cultivated across 1 million acres of land in Pakistan, farmers often struggle to maximise its potential due to inadequate management practices and value addition.

Dr. Amir Rasool, DG Agriculture Pest Warning Punjab, revealed that Pakistan’s overall exports of sesame, fruits, vegetables, rice, and other agricultural commodities have surpassed $7 billion this year. He noted a remarkable 277 per cent increase in sesame cultivation acreage and a 300 per cent surge in production compared to the previous year. Encouraging farmers to adopt appropriate pesticide and herbicide usage under expert guidance, Dr. Rasool emphasised that the adoption of modern technology could potentially triple sesame exports to $3 billion within the next few years. Chief Scientist of Oil-seed Crops at AARI Dr. Ehsan Mohiy-ud-Din underscored the nutritional benefits of sesame seeds, containing essential minerals like calcium, iron, and copper, which contribute to bone health. He highlighted sesame’s widespread utilisation across various industries, including fast food, bakery, and pharmaceuticals, emphasising its significance in manufacturing medicines, soaps, perfumes, and carbon papers.

Muhammad Rafiq, Senior Executive at the State Bank of Pakistan (SBP), announced a substantial allocation of Rs. 280 billion in loans for small farmers at a low markup rate of 5 to 7 per cent over 3 to 5 years. Rafiq urged the farming community to leverage this financial support to further develop sesame cultivation. The seminar also featured addresses by City Police Officer Kamran Adil, renowned agricultural scientist Dr. Salsabeel Rauf, oil-seed expert Hafiz Saad bin Mustafa, and other prominent figures. The event aimed to foster collaboration and knowledge-sharing among stakeholders to maximise the potential of sesame cultivation and enhance Pakistan’s agricultural exports.

Fruit Exports

The exports of fruits surged by 17.85 percent during the first ten months of the current fiscal year as compared to the corresponding period of last year. According latest data of Pakistan Bureau of Statistics (PBS), the exports of fruits were recorded at $274.227 million during July-April (2023-24) as compared to the exports of $232.700 million during July-April (2022-23).

Share
Leave a Comment

Recent Posts

  • Business

Pakistan’s regional exports increase 20% in 11 months

Pakistan’s exports to the seven regional countries witnessed an increase of 20.61 per cent in…

7 hours ago
  • Business

FM assures ‘favorable outcome’ for public, business in final budget

Federal Minister for Finance & Revenue Muhammad Aurangzeb, who is currently involved in the finalisation…

7 hours ago
  • Business

Equity swap only option to address circular debt issue, says PSO

The management of Pakistan State Oil (PSO), the country's largest oil-marketing company (OMC), believes equity…

7 hours ago
  • Business

PSX witnesses bearish trend, loses 578 points

The 100-index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend on Monday, losing…

7 hours ago
  • Business

Gold rates up by Rs.500 per tola to Rs.242,000

The price of per tola of 24 karat gold increased by Rs.500 and was sold…

7 hours ago
  • Business

Rupee sheds 11 paisa against Dollar

Pakistan Rupee on Monday lost 11 paisa against the US Dollar in the interbank trading…

7 hours ago