The USDA reports slow U.S. export sales in the week ending April 11th, with pork and rice hitting marketing year lows. However, corn and soybeans saw an increase in sales despite heavy competition. Beef sales improved, while wheat and sorghum had net reductions. For more on the rice export market, visit rice exporters. (Source: Brownfield Ag News)

The Canadian government plans to introduce halal mortgages to provide financing alternatives for Muslims and promote diversity in the housing market. This initiative aims to address the specific needs of Canadian Muslims and support greater participation in homeownership within diverse communities.

Pakistan secures deal with Saudi Arabia to triple rice exports, aiming to fulfill 20% of Saudi Arabia’s rice requirements and bolster Pakistan’s goal of reaching $3 billion in exports. This agreement further strengthens the trade relationship between the two countries.

Ambassador Blome emphasizes the potential for growth in Pakistan’s rice exports and encourages Pakistani exporters to tap into the growing demand in the U.S. market. He highlights the importance of building strong partnerships, competitive pricing, and diversifying the export market for long-term success.

Saudi Arabia plans to increase rice imports from Pakistan to meet 20% of its rice requirement, boosting Pakistan’s goal of $3 billion in rice exports. The Trade Development Authority of Pakistan is working to facilitate international trade and a high-powered Saudi delegation will visit Pakistan soon. A single country exhibition in Riyadh will showcase Pakistani products.

Pakistan’s rice exports are set to reach a record high, surpassing 5 million tons, due to favorable crop output and increased prices. With estimates suggesting exports will continue to rise and reach 5.5 million tons by 2023/24, Pakistan’s rice industry is experiencing unprecedented growth and poised for continued success.

Pakistan Business Forum (PBF) expresses satisfaction over current economic situation in Pakistan, highlighting GDP growth by 2.13% in Q1 2024 and a decrease in twin deficit. PBF predicts further economic improvement with GDP growth projected to reach 2.3% in FY-2025.

The Pakistan Army forms an inquiry committee to investigate charges against former DG ISI Lt. Gen Faiz Hameed, responding to a complaint and court directive. Defence Minister Khawaja Asif questions the authenticity and reliability of the previous inquiry commission’s report.

Pakistan’s Attock Oil Refinery, National Oil Refinery, and Pakistan Oil Refinery are set to finalize agreements with OGRA under the Brownfield Refinery Policy, boosting energy security and economic development. By modernizing and expanding existing refineries, Pakistan aims to reduce import dependence, adhere to Euro-V standards, and promote local production. A partnership with SIFC highlights the country’s commitment to cleaner energy and sustainability. Source: [https://en.wenews.pk](https://en.wenews.pk){:target=”_blank” rel=”nofollow”}

Ambassador Jiang Zaidong and FM @MIshaqDar50 acknowledge the importance of CPEC for both countries, expressing commitment to strengthen bilateral cooperation. They also emphasize the successful completion of the China-Pakistan FTA and the significance of people-to-people exchanges.