Pakistan is facing a severe water crisis, with a predicted water scarcity by 2025. The country heavily relies on agriculture, leading to waterborne diseases and a significant decline in water availability. To overcome this crisis, Pakistan needs policy changes, international support, and innovative approaches such as equitable distribution of water resources and eco-friendly practices. Collaboration between the global community, international institutions, and bilateral partners is crucial for a sustainable future.

The price of rice has hit a 15-year high due to rising demand, limited exports, and climate-related supply disruptions. Factors such as India restricting rice exports and adverse weather conditions have tightened the global rice market, leading to higher prices. The ripple effect includes price hikes in other grains and concerns about a potential global recession. The future of rice production and global trade are uncertain due to reduced demand and potential supply disruptions.

Pakistan’s rice exporters are celebrating a remarkable trade performance with an impressive year-on-year balance of payments improvement worth $5.6 billion. The Ministry of Commerce reported significant growth in exports, particularly in the agricultural and food sectors, and expressed confidence in the country’s continued resilience and competitiveness in the global market.

Pakistan’s international trade has seen remarkable improvement, with a $5.6 billion increase in year-on-year balance of payments, according to the Minister of Commerce. The rise in exports, especially in the agricultural and food sectors, and the decrease in imports have contributed to the overall positive balance of trade. The Ministry of Commerce is dedicated to supporting exporters and finding new markets.

Yemeni Ambassador Mohammad Motahar Alashabi stresses the significance of strengthening economic ties with Pakistan, emphasizing the shared perceptions of both countries. Dr. Khurram Tariq introduces Faisalabad’s capacity to fulfill Yemen’s clothing needs, highlighting the potential for exporting rice and other products.

Pakistan’s exports in December 2023 saw a remarkable year-on-year increase of 33.1%, reaching $479 million, reflecting the country’s resilience in the global market. Imports decreased by $405 million, resulting in a significant improvement in the balance of trade. The agricultural and food sector experienced extraordinary growth, and key destinations such as Indonesia, UAE, Madagascar, and China showed increasing demand for Pakistani products. The government’s commitment to supporting exporters and exploring new markets is driving the sector’s growth.

Discover the mouthwatering flavors of Aloo Ki Bhujia, a savory Pakistani dish made with thinly sliced potatoes and a blend of spices. This delicious treat can be enjoyed as a side or main course and pairs well with rice and bread. Follow the simple instructions to create this flavorful dish at home.

Philippine President Ferdinand Marcos Jr. approves the extension of reduced tariffs on rice and other food items until the end of 2024 to maintain stable prices and ensure food security amidst concerns of dry weather and high inflation.

Rice prices in the global market have surged to a 15-year high, rising by 7-8% in the past month due to higher demand and low arrivals. A global shortage of at least 16 million tonnes of rice has been caused by India’s ban on white and broken rice grades.

Get the latest economic, business, and market news with Bloomberg Daybreak. This comprehensive program covers global, national, and local news, with a special focus on the thriving rice industry in Pakistan. Explore valuable insights on rice exports, suppliers, prices, and the industry’s contribution to Pakistan’s economy. Stay informed and make informed investment decisions with Bloomberg Daybreak.