Punjab overcomes floods to achieve a 3% increase in rice production, reaching 212.31 lakh tonnes in the kharif season. The use of short-duration varieties and an increase in basmati cultivation contribute to the state’s food security and economic stability.

Trade activities between Pakistan and Iran remain unaffected despite recent tensions, as both countries have kept their crossing points open. Border towns such as Taf­tan, Gwadar, Kech, Panjgur, and Washuk continue their trade activities, and Pakistan Customs authorities report that operations are proceeding as usual.

Director Agriculture (Extension) emphasizes the crucial role of agriculture in providing raw materials and meeting nutritional needs. Punjab province’s significant agricultural production includes cotton, wheat, rice, sugarcane, and mangoes. The use of balanced fertilizers is vital for achieving higher yields, with different fertilizers serving specific growth purposes. Implementing measures to increase productivity will ensure food security and overall sector development.

The President of FPCCI urges trade & investment officers to collaborate with the business community for economic growth by accessing trade data, research, and sectoral potential through FPCCI. They aim to strengthen collaboration and make significant strides in promoting trade and investment in Pakistan’s economy. (Source: Business Recorder)

Pakistan’s textile exports declined by 4.97% in the first half of the current fiscal year, amounting to $8.283 billion. However, overall exports for the country saw a 5.24% increase, reaching $14.991 billion during July-December 2023 compared to the same period in the previous year.

Pakistan’s textile exports declined by nearly 5% in the first half of the fiscal year, resulting in a loss of $430 million. However, rice exports saw a significant surge, with a rise of $710 million or 76.5%. The ban on rice exports by India contributed to this growth.

Pakistan’s low productivity, caused by factors like underpaid labor and expensive capital, hampers GDP growth and global market penetration. To overcome this, addressing fair wages, reducing input costs, promoting competition, and creating a conducive business environment are necessary. [The News]

A group of oil marketing companies in Pakistan opposes the government’s plan to give exclusive import rights to Pakistan State Oil (PSO) for high-speed diesel (HSD), claiming it would create a monopoly, impede competitiveness, and undermine the industry’s innovative potential.

Pakistan’s textile exports have declined by 5% in the first half of the fiscal year, while rice exports have soared due to India’s ban. Textile sales fell by $430 million, while rice exports rose by $710 million. The surge in rice exports has caused staple food prices to increase, impacting the local market.

The inclusion of 10 LMT of fortified parboiled rice from Odisha has been approved by the Food and Public Distribution Department, to meet the rising demand for rice and ensure efficient distribution, contributing to food security in the country.