As Pakistan’s elections approach, the impact of price control policies on inflation is under scrutiny. The federal government’s Price Control Order 2021 aimed to benefit consumers, but it led to market distortions and lobbying. Inflation has risen to 20% since its implementation, while neighboring countries maintain single-digit inflation. Inefficient policy implementation and failure to differentiate product categories worsened the situation. Lessons from Egypt highlight the importance of market-based prices. Instead of controlling prices, the government could stabilize them through buffer stocks. However, price control policies present challenges and may require subsidies. Improving the agricultural sector and supply chain is a better approach to address food inflation. Source: The Express Tribune.

Rice exporters in Pakistan, such as HAS Rice and Pakistan Rice, can contribute to pulse production, helping to alleviate food scarcity in the country. By prioritizing pulse cultivation, investing in research and development, and collaborating with rice suppliers, Pakistan can achieve sustainable agriculture and improve food security.

Despite the ongoing pandemic, Pakistan rice exporters are enjoying a surge in demand. The quality of rice, competitive pricing, and availability of various rice varieties have contributed to this unexpected boom in the industry, providing a boost to Pakistan’s economy.

Saudi Commercial Attaché in Pakistan confirms progress of Free Trade Agreement (FTA) evaluation, aiming to boost bilateral trade. Third phase to focus on legal matters and implementation, with trade volume already at $16.3 billion. Collaboration between Saudi Embassy and Pakistani institutions identifies opportunities and expands cooperation in various sectors, including the China-Pakistan Economic Corridor (CPEC).

Saudi officials are evaluating the progress of the Free Trade Agreement (FTA) with Pakistan, aiming to address legal matters and boost bilateral trade. The trade volume between Saudi Arabia and Pakistan has increased to $16.3 billion, with ongoing efforts to promote cooperation in various sectors. Economic corridors, like the China-Pakistan Economic Corridor (CPEC), are crucial for societal development and aid activities.

Rice imports in Pakistan show a 14% decrease compared to the previous year, with Vietnam as the top source. The Department of Agriculture has shortened the effectivity of import clearances to ensure compliance. Visit The Manila Times for more details.

A recent case highlights the lengthy and complicated process of obtaining information through the Right to Information (RTI) application. The application has been passed around various government departments without progress, causing frustration and impatience for the applicant. Transparency in governance is crucial, and the RTI Act empowers citizens to hold authorities accountable.

According to APEDA, agricultural commodity exports, particularly basmati rice, saw a significant drop in September this year, declining from 27.94 lakh tonnes in August to 17.93 lakh tonnes. Various factors like export restrictions and efforts to control food inflation have influenced the decline.

The extension of onion export restrictions in India has caused prices to rise in both local and alternative markets. To meet the demand and stabilize prices, rice exporters from Pakistan have become crucial players in the market with high-quality and competitively priced products. Stay updated on rice prices and export information at hasrice.com and pakistanrice.com.

The High Commission of Kenya in Pakistan celebrated its 60th Jamhuri Day, emphasizing Kenya’s commitment to international alliances. Ambassador Kamau highlighted the growing bilateral trade and collaboration between the two countries, expressing optimism for a diversified trade portfolio and shared prosperity. Source: Dawn.