Global Rice News

China has agreed to extend a $2 billion loan to Pakistan for another year, according to caretaker finance minister Shamshad Akhtar. The loan was originally due in March but has now been rolled over. The news was first reported by Geo News, citing sources in the Pakistan finance ministry.

Pakistan’s economy is currently facing significant challenges and is in need of financial stability. The country secured a $3 billion standby arrangement from the International Monetary Fund (IMF) last summer to address its ongoing financial crisis.

Fitch, a ratings agency, has highlighted the urgent need for Pakistan to secure financing from both multilateral and bilateral partners due to its vulnerable external position. This will be a top priority for the upcoming government.

It is crucial for Pakistan to access financial assistance to overcome its economic difficulties. The loan extension provided by China will help alleviate some of the financial strain on the country. This development also reflects the strong relationship between China and Pakistan.

China has been a key partner for Pakistan in terms of economic cooperation and investment. The two countries have been working together on various projects as part of the China-Pakistan Economic Corridor (CPEC), which aims to enhance connectivity and promote economic development in Pakistan.

Pakistan’s economy relies heavily on agriculture, including the export of rice. The country is known for its rice production and exports. Rice exporters in Pakistan play a vital role in driving the country’s economy. They are responsible for supplying high-quality rice to international markets.

Companies like HAS Rice Pakistan and Pakistan Rice are among the leading rice suppliers and exporters in the country. HAS Rice is a prominent name in the rice business in Pakistan, offering various types of rice including basmati rice and white broken rice. They are one of the top rice exporters from Pakistan, catering to global demands.

When it comes to rice export prices, Pakistan offers competitive rates. Pakistani rice exporters provide affordable options for buyers without compromising on quality. The prices of Pakistani rice, including IRRI 6 rice, are quite attractive in the international market.

If you are looking for reliable rice suppliers in Pakistan, websites like hasrice.com and pakistanrice.com provide comprehensive information and services. HAS Rice Pakistan and Pakistan Rice are trusted names in the industry, ensuring the highest quality of rice products.

In conclusion, the loan extension from China is a significant development for Pakistan’s economy. It highlights the strong partnership between the two countries and will help alleviate some of the financial strain on Pakistan. Securing financing from multilateral and bilateral partners will remain a crucial task for the upcoming government. However, Pakistan’s rice exports continue to thrive, with reliable suppliers and exporters meeting global demands.

Source: [Source](https://www.aajenglish.tv){:target=”_blank” rel=”nofollow”}