Pakistani security forces successfully thwarted coordinated attacks by militants on a high-security jail in Balochistan province, neutralizing five terrorists. Although the attackers launched rockets at the facility, their intended target remained unharmed. This incident highlights the ongoing security challenges faced by the country.

Matco Foods celebrates its 60th Anniversary and the 25th Silver Jubilee of their flagship brand, FALAK. They have released a heartwarming short film titled “Purana Chaawal” to honor this achievement. FALAK Basmati Rice, known for its exceptional quality and flavor, is the number one Pakistani Rice brand in the international market.

In 2023, the World Bank’s food price index declined by an average of 9 percent, reflecting robust harvests and global supply improvements. Despite recent decreases, food prices still remain comparable to previous spikes. The blog post will discuss the balanced risks, including El Niño and trade restrictions.

Russia’s use of the Chinese yuan for payments in exports has surged 86 times in the past two years, making up 34.5% of total payments. The shift away from the dollar towards the yuan reflects Russia’s efforts to diversify its economic ties and strengthen political support, especially with China.

French President Emmanuel Macron begins a state visit to Sweden, aiming to strengthen the friendship and partnership between the two countries. Discussions will focus on European Union cooperation, Ukraine’s future, and green technologies. The visit holds significance for both nations as they strive for a peaceful and stable Europe.

Pakistan is expected to see a surge in rice exports due to India’s restrictions. With aims to export 5 million metric tons in the 2023/24 fiscal year, basmati rice exports may rise by 60% and non-basmati exports by 36%. Rice exports are projected to exceed $3 billion.

New York state’s attorney general’s office has filed a lawsuit against Citibank, accusing the bank of inadequate protection against electronic fraud, resulting in millions of dollars in losses for customers. Citibank has responded, stating it has implemented enhanced security measures and denies any indication of deception by its clients.

Tamil Nadu State Marketing Corporation (Tasmac) has announced price increases on liquor due to a rise in excise tax. Regular and medium-quality liquor will go up by Rs 10, while high-quality liquor will see a Rs 20 increase, along with a Rs 10 hike on 650 ml beers. Tasmac, responsible for the wholesale and retail sales of alcohol in Tamil Nadu, has faced criticism but the current DMK-led government defends its purpose of reducing addiction and illegal distillation. Despite promises to shut down Tasmac, its recent sales indicate its economic importance to the state.

Pakistan’s rice exports are set to soar as India restricts shipments, driving buyers to Islamabad. Prices are at a 16-year high, with exports projected to hit 5 million tons in the 2023/24 financial year, helping to alleviate tight supplies and boost foreign exchange reserves.

India’s low-sulphur diesel exports to Europe hit a two-year low in January as increased Red Sea security risks raised freight costs. Shiptracking data indicates an 80% decline month-on-month, leading sellers to search for buyers in Asia. Refinery maintenance season, coupled with limited supplies, further exacerbates the situation.