The government has made the decision to closely supervise the export of edible commodities.

Sources claim that the Ministry of Commerce has put up a new plan to control exports of necessities such rice, sugar, meat, poultry, and fruits.

The government is trying to control inflation and make sure that necessities are available for a reasonable price, which is why this step was made. The ministry has also suggested that companies who export goods that are in low supply and drive up prices face harsh penalties.

The government also intends to take action against smuggling and facilitate the import of necessities that are in low supply.

According to sources, the ministry has also recommended stepping up border security to stop the smuggling of food supplies. In an effort to stop capital flight, the government would also make sure that exporters return their foreign exchange profits to Pakistan. According to sources, the cabinet would be asked to approve each of these actions.

It is noteworthy to mention that, as of the first month of the current fiscal year 2024–25, the United States (US), United Arab Emirates (UAE), and United Kingdom (UK) continue to be the top destinations for Pakistani exports.

According to the State Bank of Pakistan (SBP), total exports to the US in July 2024 were US $476.017 million compared to US $443.789 million in July 2023, indicating a 7.26% rise.

The UAE came next, where Pakistan sold items valued US $216.918 million, a 7.74 percent rise over US $201.319 million in exports the previous year.

According to SBP data, Pakistan’s third-most popular export destination was the UK, where goods worth US $183.303 million were shipped during the reviewed month, compared to US $151.554 million in exports.