Prolonged disruptions in the Red Sea pose severe consequences for Pakistan’s trade and economy, including increased shipping charges and potential inflation. Efforts to find alternative routes and enhance domestic production capabilities are crucial for economic stability and global competitiveness.

The recent disturbances in the Red Sea pose significant risks to Pakistan’s economy as it heavily relies on maritime trade. Disruptions have forced ships to take longer routes, increasing costs and affecting the timely arrival of goods. The government must explore alternative routes and seek international support to mitigate these impacts. [47 words]

The agriculture sector in Pakistan has experienced robust growth in 2023-24, with a 6.25% overall increase. The crops sub-sector saw significant improvement, particularly in important crops, fruit, vegetables, and pulses. Cotton ginning experienced a massive rebound, while sugarcane cultivation decreased. Rice cultivation and production increased, while maize cultivation and production decreased. Livestock and fishing sectors also showed steady growth. The agriculture sector has become a vital driver of economic growth in Pakistan.

Pakistan’s GDP surpassed expectations, growing by 2.38% in the outgoing fiscal year, fueled by a 6.25% growth in the agricultural sector – the highest in 19 years. The fiscal deficit was contained at 3.7% of GDP, while revenue collection increased by 41% year-on-year. Experts predict a decline in inflation and favorable economic conditions for the next two fiscal years. The government plans to revamp the FBR structure and focus on sectors like technology and agriculture for export growth. (Source: The News)

Pakistan’s National Logistics Corporation (NLC) has successfully transported cherries to China, signaling the start of a promising partnership. Using advanced refrigerated containers, the NLC ensured the cherries’ freshness during the journey. The NLC plans to regularly ship cherries to major Chinese cities, further enhancing trade relations between Pakistan and China.

The government of Manikganj district has allocated 858.70 tonnes of rice for 85,870 vulnerable families during Eid-ul-Azha. Each family will receive 10 kgs of rice as part of the fair and transparent distribution process, ensuring they can celebrate the festival with ease and dignity. This initiative showcases the government’s commitment to supporting those in need during religious festivals.

Pakistan’s agriculture sector experienced remarkable growth in the fiscal year 2024, with key crops seeing significant increases in production. Cotton production soared by 108.2%, rice production increased by 34.8%, and wheat production rose by 11.6%. However, sugarcane and maize production faced declines, while livestock, forestry, and fishing sectors showed positive growth. This development is crucial for the country’s economy, emphasizing its role in employment, exports, and food security.

The agricultural sector in Pakistan experienced a substantial growth of 6.25% in FY2024, attributed to increased production of key crops such as cotton, rice, and wheat. Despite declines in sugarcane and maize cultivation, the sector’s positive performance is a testament to its resilience and potential for further development. For more information on rice exporters and suppliers in Pakistan, visit hasrice.com and pakistanrice.com. Source: propakistani.pk.

The Rice Exporters Association of Pakistan (REAP) is urging the government to implement a one-window tax system for exports to simplify tax payments and support exporters. REAP Chairman, Chela Ram Kewlani, emphasized the importance of a transparent and hassle-free tax payment system.

The Pakistani diaspora in England stages a protest outside the Pakistani consulate, demanding the immediate release of activists and leaders unlawfully detained in Pakistan-occupied territories. The demonstrators call for justice and freedom, emphasizing the ongoing struggles faced by those living in the occupied regions.