Inflation in Pakistan reaches an alarming 42.60 percent, raising concerns about rising prices of essential goods and services. It is crucial for the country to address this issue, support the rice industry, and implement effective policies to stabilize prices and ensure economic growth.

Weekly inflation in Pakistan witnesses a decrease of 0.51 percent, according to the Pakistan Bureau of Statistics (PBS) data. The SPI for the combined consumption groups was recorded at 310.00 points, compared to 311.58 points in the previous week. [Source](https://www.urdupoint.com)

The import of rice and sugar from India to Indonesia has been hindered due to policy restrictions and political issues. The country has turned to other nations like Vietnam, Thailand, Pakistan, and Cambodia to fulfill its rice needs, emphasizing the importance of maintaining food supplies domestically.

Pakistan has extended the deadline for nomination papers for the national election, allowing Imran Khan and Nawaz Sharif to enter the race. Despite facing bans due to court convictions, both candidates hope for relief from higher courts. Imran Khan’s party has raised concerns about “coercive and brutal attempts” to oust them. The Election Commission of Pakistan will accept nomination papers until Sunday. (48 words)

Pakistan’s energy imports decreased by 13% in November 2023 as demand for petroleum and gas products slowed. Refineries started exporting furnace oil to explore more export opportunities and import larger quantities of crude oil, allowing them to produce premium products. Challenges in the energy sector and the withdrawal of subsidies on energy products impacted industries and purchasing power. However, petroleum exports surged by 512% and experts anticipate potential future growth after the elections in February 2024.

Houthi rebel attacks in the Red Sea prompt India to seek alternative shipping routes, potentially leading to a 15% to 20% price increase for Basmati rice. India restricts wheat, rice, and sugar exports to stabilize domestic prices while exploring options along the African coast.

According to a report by Motilal Oswal, the Indian economy is expected to see significant growth, with a projected growth rate of 5.4% in 2024-2025, attributed to strong growth in the second quarter and the resilience of the US economy. Increased government spending is also anticipated.

Indonesia’s President has secured rice import agreements with India and Thailand to ensure a sufficient supply of rice for 2024. The imports will stabilize rice supply and address concerns about rising food prices.

Pakistan’s former PM, Imran Khan, suffered a blow as a court rejected his appeal to suspend a previous conviction, making him ineligible for future elections. This decision poses significant implications for Khan’s political future and his party, the PTI.

Indonesia’s President Joko Widodo has secured rice import agreements with India and Thailand to ensure a stable supply for 2024. These strategic partnerships aim to address potential food shortages and stabilize prices for one of the world’s largest rice consumers.