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LIBYA EAGER TO BUY WHEAT, RICE FROM PAKISTAN.

AsiaPulse News

| March 01, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

KARACHI, March 1 Asia Pulse - The minister of state and chairman Export Promotion Bureau (EPB) Tariq Ikram said on Wednesday that Libya is keen to purchase 50,000 tons rice and 0.2 million tons of wheat.

Briefing newsmen on his recent visit to Libya and Kenya, he said there are good prospects of export to Libya, and, in a short period of one to two years, goods worth $80 to $100 million could be exported to Libya. Since procurement of food items is made by government owned National Supply Corporation (NSC) of Libya, the EPB chairman said the rice and wheat deal would be on government to government basis but technically from Pakistani side the private sector will handle the consignments.

He said export of 50,000 tons rice could fetch around $12 million and wheat between $25 to $30 million, but there are also good prospects for export of textile and pharmaceuticals which could earn upto $7 million and $5 ...

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Source: HighBeam Research, LIBYA EAGER TO BUY WHEAT, RICE FROM PAKISTAN.

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