10 min 4K video taking 4 hours to render

Can somone please assist - i upgraded my computer to handle Adobe Premiere Pro, but it still takes me 4 hours to render a 10min 4K video. Below is my specs. What can be the issue?

NVIDIA system information report created on: 10/19/2025 12:00:08
NVIDIA App version: 11.0.5.266
Operating system: Microsoft Windows 11 Pro, Version 10.0.26200
DirectX runtime version: DirectX 12
Driver: Studio Driver - 581.57 - Tue Oct 14, 2025
CPU: 13th Gen Intel(R) Core(TM) i7-13700K
RAM: 64.0 GB
Storage (3): SSD - 931.5 GB,SSD - 931.5 GB,+1 more

Graphics card
GPU: NVIDIA GeForce RTX 4070 Ti SUPER
Direct3D feature level: 12_1
CUDA cores: 8448
Graphics clock: 2640 MHz
Resizable BAR: Yes
Memory data rate: 21.00 Gbps
Memory interface: 256-bit
Memory bandwidth: 672.064 GB/s
Total available graphics memory: 48999 MB
System video memory: N/A
Shared system memory: 32623 MB
Dedicated video memory: 16376 MB GDDR6X
Video BIOS version: 95.03.45.40.36
Device ID: 10DE 2705 414E1458
Part number: G141 0323
IRQ: Not used
Bus: PCI Express x16 Gen4

Display (1): Samsung U28E590
Resolution: 3840 x 2160 (native)
Refresh rate: 60 Hz
Desktop colour depth: Highest (32-bit)
HDCP: Supported

Display (2): Samsung S24E510C
Resolution: 1080p, 1920 x 1080 (native)
Refresh rate: 60 Hz
Desktop colour depth: Highest (32-bit)
HDCP: Supported