Pakistan has exported rice worth around 2 billion U.S. dollars during the last fiscal year (FY), June 2017-July 2018. The country’s rice export hit the 2-billion-U.S.-dollar mark for the first time since the FY2014-15 as it achieved the target of 4 million tonnes of the crop yield this year. Average per-tonne export price of rice in the last fiscal year also rose to around 1,040 U.S. dollars, from below 950 U.S. dollars in fiscal year 2016-17. Rise in international prices of rice coupled with a higher demand of Pakistani rice and local rice exporters investment on processing and packaging of rice also contributed to the achievement.