Looking for reliable rice suppliers in Pakistan? Pakistan Rice Exporters is a trusted name in the industry, offering high-quality rice varieties like basmati and white broken rice. With their commitment to quality and competitive prices, they have become a leading player in the market, catering to the needs of both domestic and international buyers. Don’t miss out on the opportunity to partner with them for all your rice export needs.

Australia’s High Commissioner in Pakistan celebrated Australia Day, emphasizing the strong bonds between the two countries. The Federal Minister of Commerce highlighted the importance of bilateral relations, with a focus on trade. Both countries expressed their commitment to collaboration, particularly in agriculture and gender equality.

U.S. beef export sales soared to the highest point of the marketing year, driven by robust demand from Asian customers. Pork sales also saw an uptick, with Mexico accounting for the majority. Wheat had a net reduction, while corn and rice sales increased. Strong international demand for agricultural products is evident. For more details, visit the Source.

India’s rice exports hit a three-month low due to weak demand and ample supply, whereas Thailand experiences higher prices owing to domestic demand and droughts. Rice exports in Vietnam have significantly increased, while Bangladesh fears a heatwave may damage its main rice-growing region. (50 words)

The Pakistani government aims to meet budget targets before the IMF visit, seeking approval from the federal cabinet. Recent reports indicate a positive trajectory for the economy, with stable currency, increased agricultural production, and decreased current account deficit. The Special Investment Facilitation Council has been instrumental in driving favorable outcomes. [Source: Dunya News]

Pakistan’s Consumer Price Index (CPI) based inflation rate hit a 23-month low of 17.3% in April, indicating a downward trend. Month-on-month inflation also decreased by 0.4%, suggesting the possibility of further decline. The Ministry of Finance predicts a gradual easing down to 17.5-18.5% in May 2024. Overall, efforts to stabilize the economy and reduce inflation are showing positive results.

Pakistan’s economy is on the rise, with agricultural growth at over 7%. Stable currency and stock exchange, increased remittances, and reduced current account deficit contribute to a positive outlook. The Special Investment Facilitation Council’s efforts have further bolstered the country’s economic stability and growth.

Discover the latest trends in rice markets as Indonesia becomes a rice importer and India restricts exports. Rice experts from S&P Global Commodity Insights discuss the anticipated impact of these developments and provide price assessments for various rice types. Stay informed for confident decision-making.

Former Managing Director of MARKFED, Manoj Soni, was arrested by the ED in connection with a rice milling scam. Corruption among rice millers and government officials led to financial losses for the government.

Uber will discontinue its app operations in Pakistan but its subsidiary brand, Careem, will continue to provide ride-hailing services in the country. This decision comes after Uber’s acquisition of Careem in 2019 for $3.1 billion. Users are advised to switch to the Careem app for a seamless transition.