With tobacco exports crossing $100 million mark,the federal government has decided to streamline regulatory processes and policy support to sustain export momentum.
Federal Minister for National Food Security and Research, Rana Tanveer Hussain, held a high-level meeting with a delegation from Philip Morris International (PMI) led by Salman Akram, Manager Government Affairs.
The minister was informed that PMI was the leading exporter of processed tobacco from Pakistan, which was benefiting the growers of the country too, as they prefer to plant high quality varieties instead of cheaper versions.
Meanwhile the other key exporter of processed tobacco from Pakistan was the Pakistan Tobacco Company (PTC).The minister emphasised the urgent need to finalise the long-pending Minimum Indicative Price (MIP) notification.
The minister directed that the process be expedited to prevent financial uncertainty for farmers and exporters.“Tobacco is a key contributor to rural employment, national revenue, and export income.
Timely policy action is critical to protect the interests of growers and ensure a stable investment climate,” Mr Hussain said.He also reaffirmed the government’s commitment to a predictable and efficient regulatory framework that encourages responsible business practices and long-term sectoral growth.
The minister acknowledged the role of multinational corporations in adhering to legal standards while boosting the country’s economic performance.With Pakistan’s agriculture-linked industries facing increasing global competition, the minister stressed the importance of centralised policymaking at the federal level to avoid conflicting regulations that could undermine growth.
He concluded by assuring the delegation that their concerns are being taken seriously and that the Ministry will continue working closely with stakeholders to facilitate a business-friendly environment that drives rural development and boosts national exports.
The ministry of Food security agreed for a broader push to align regulatory measures with economic priorities, in sectors like tobacco that have significant export potentials.
