Basmati is the most highly valued rice commodity in the world agricultural trade market. Pusa Basmati 1, released in India, combines both high yield and ideal Basmati quality. In Pakistan, semi-tall Pak 385 and Pak 386 are reported to be better yielding than Basmati 370. Results at IARI have demonstrated the possibility of developing hybrids with Basmati grain quality and a high level of heterosis. Such Basmati hybrids would raise yields further.