Finance Minister Muhammad Aurangzeb has been removed from his position on the Executive Committee of the National Economic Council (ECNEC). Prime Minister Shehbaz Sharif will now serve as the Committee’s Chairman, and Deputy Prime Minister Ishaq Dar may also be considered. This change in leadership is expected to have a major impact on approving large construction projects in Pakistan.

The Federal Board of Revenue (FBR) has announced an 18% GST on processed and packaged wheat, pulses, rice, sugar, and spices, while providing relief to consumers buying unpackaged items. The FBR also recommends reducing the current 8% GST on formula milk. The decision aims to streamline taxation and ensure affordability for low-income families.

The Embassy of the Republic of Indonesia celebrated cultural ties with Pakistan through an exciting ASEAN Movie Night, showcasing the critically acclaimed Indonesian film “Ngeri-Ngeri Sedap” and promoting the creative economy potential in Indonesia and the ASEAN region. The event highlighted the power of cinema to bridge gaps and foster understanding between diverse communities.

Pakistan’s textile group exports have increased by 1.41% during the first 11 months of the fiscal year 2023-24, reaching $15.241 billion. Overall exports for the country have also seen a growth of 10.84%, amounting to $28.117 billion. Rice exports have shown a significant increase of 81.23%.

The Pakistan Bureau of Statistics (PBS) reported that textile group exports in May 2024 increased by 18% year-on-year, reaching $1.558 billion. Cotton yarn exports also experienced strong growth, increasing by 23.47% during July-May. Additionally, Pakistani rice exports reached a milestone with a remarkable increase of 81.23% from July-May compared to the same period last year. For more information, visit [link to https://www.brecorder.com].

Weekly inflation in Pakistan sees a 1.30% increase in consumption prices. This rise has important implications for sectors such as rice exporters and suppliers, who will need to adjust their pricing strategies to remain competitive. Stay informed about changing prices and market conditions at hasrice.com and pakistanrice.com.

Inflation in Pakistan soars to a record-high of 36.4% due to the devaluation of the Pakistani rupee and global commodity price hikes. The Sensitive Price Indicator shows a weekly increase of 1.30%, marking three consecutive weeks of growth.

According to the FAO, Cambodia’s rice production is expected to increase by 1.8% to 7.9 million tonnes, making it the tenth-largest rice producer globally, driven by attractive prices.

Pakistan’s weekly inflation has risen by 1.3% for the third consecutive week, driven by higher food and energy costs, posing ongoing economic challenges. The Sensitive Price Indicator recorded a 23.03% increase compared to the previous year. Managing inflation effectively is crucial for the stability and growth of the country’s economy.

The Pakistan Bureau of Statistics has reported a 1.30% increase in inflation, leading to a yearly inflation rate of 23.3%. Prices of essential commodities have risen, with onions and chili powder seeing a decrease while tomatoes and chicken experiencing a significant increase. Rice exporters and suppliers need to closely monitor these changes to make informed decisions about their business. For more information and competitive prices, visit top Pakistan rice exporters and suppliers at [https://www.pakistanrice.com](https://www.pakistanrice.com) and [https://www.hasrice.com](https://www.hasrice.com).