The IMF has approved a $1.1 billion loan as the final installment of a $3 billion arrangement for Pakistan, providing much-needed financial support. The loan will help restore economic stability and contribute to stronger, inclusive, and sustainable growth in the country.

Pakistan’s rice export industry achieves record high of $3 billion in nine months, benefiting from India’s export ban and favorable weather conditions. The dedication of Pakistan’s paddy growers, government support, and advancements in agricultural technology have all contributed to this success. Continued investment and collaboration will be essential for sustaining growth in the global rice market. [Source: Dunya News]

Pakistan is grappling with soaring food inflation as raw food exports surge, driving up prices. Factors include a depreciated rupee making Pakistani products more affordable internationally and disruptions in global supply chains. To tackle the issue, the government should focus on policies that alleviate strain, such as balancing food exports while protecting consumers and expanding the industrial base and foreign direct investment. India’s ability to ban rice exports showcases the benefits of a strong industrial base and healthy FDI.

Pakistan’s government considers introducing digital currency to modernize financial infrastructure and address financial inclusivity challenges, with Minister Aurangzeb advocating for the empowerment of financially disadvantaged women through digital wallet solutions. Implementation plans have been delayed, but experts believe the adoption of digital currency will enhance transparency and combat tax evasion in Pakistan’s economy.

Pakistan’s rice exports have surged by 28%, with HAS Rice Pakistan emerging as a key player. Known for its high-quality products and competitive prices, they have contributed to Pakistan’s record high rice exports of 4.406 million metric tons. The increase has also benefited the country’s economy and lowered prices in the international market. Discover more about rice exporters and suppliers in Pakistan at hasrice.com.

Pakistan’s stock market soars as the benchmark KSE-100 index breaks the record-breaking 73,000-point mark at the Pakistan Stock Exchange, fueling optimism among investors. Meanwhile, the interbank market witnesses the US dollar’s appreciation, prompting investors to closely monitor market trends and seek strategic investment opportunities in the evolving financial landscape.

Faisal Niaz Tirmizi, Pakistan’s Ambassador to the UAE, is thrilled to see Pakistani literature showcased at the Abu Dhabi International Book Fair. Don’t miss out on this opportunity to explore the world of literature and discover the literary treasures of Pakistan at this prestigious event.

According to a recent UN report, over 100 million women in Pakistan aged 35 and above are awaiting marriage, revealing a concerning trend. The report also highlights the challenges faced by women in entering the workforce, emphasizing the need to address these issues and empower women through education and awareness. Source: https://mmnews.tv

Pakistan’s rice export industry surpasses $3 billion in exports in FY24, benefiting from India’s ban on rice exports. The sector experienced an 83% growth with total earnings of $2.939 billion, surpassing FY23’s entire export earnings. A remarkable milestone was achieved with 4.55 million tons of rice exported. The industry is projected to reach around $4 billion by the end of FY24 and has set a target of $5 billion for FY25.

Pakistan’s cabinet has decided to put on hold the decision to import cotton and sugar from India, marking a shift in policy towards India. This move could have consequences for the agricultural sector and trade relations, especially for the struggling cotton industry and rising food prices in Pakistan.