Iran’s Ambassador to Pakistan has proposed the establishment of border markets to enhance trade ties between the two countries. The Ambassador highlighted Iran’s potential in petrochemical and energy production, offering assistance to the Pakistani business community in obtaining visas and participating in trade exhibitions. FPCCI President welcomed the proposal, recognizing the potential for price-competitive exports to Iran, but highlighted the lack of banking channels as a hindrance. FPCCI Vice President highlighted Pakistan’s export potential in various products and services for the Iranian market. Source: Tribune.

Iran’s Ambassador to Pakistan, Reza Amiri Moghadam, has proposed the establishment of border markets to bolster trade ties between the two countries. The proposal aims to address Pakistan’s energy deficiencies with Iran’s petrochemical and energy resources, while also highlighting the potential for Pakistani rice and textiles in the Iranian market. This initiative aims to strengthen people-to-people, business-to-business, and chamber-to-chamber contacts.

Iran’s Ambassador to Pakistan highlights Iran’s role as a leading energy producer and offers reliable and cost-effective energy supplies to help overcome Pakistan’s energy deficiencies. The ambassador aims to enhance bilateral trade, strengthen cultural ties, and facilitate Pakistani business community in Iran.

Iran’s ambassador to Pakistan has proposed establishing border markets to boost trade. Pakistan’s proximity and land-based routes make exporting cost-effective, but the lack of banking channels is a major obstacle. Increasing trade volume could alleviate Pakistan’s trade deficit and enhance bilateral ties. Source: FPCCI.

Iran’s ambassador to Pakistan has suggested the creation of border markets to boost trade. Iran has potential in supplying affordable energy sources to assist with Pakistan’s energy shortages, while Pakistan could capitalize on its popular rice and textiles within Iran. However, the lack of banking channels remains a challenge and a currency swap mechanism could be a solution. Trade between the two countries currently falls short of its potential, and the establishment of border markets holds promise for expanding economic cooperation.

Iran’s ambassador to Pakistan has proposed the establishment of border markets to enhance trade and address Pakistan’s chronic trade deficit. The ambassador emphasized the popularity of Pakistani rice and textiles in Iran and offered assistance in facilitating visas for Pakistani businesspeople.

The Pakistan Bureau of Statistics (PBS) has reported a slight 0.06% decrease in weekly inflation, providing relief for consumers dealing with rising prices. However, there has been a significant 41.13% increase in inflation compared to the same week last year. The data covers 17 urban centers and 51 essential items, offering a comprehensive overview of inflation trends.

Pakistan’s thriving rice industry, supported by a network of rice suppliers, exporters, and mills, ensures the country remains a major player in the global market. HAS Rice, a leading exporter, specializes in high-quality white broken rice, meeting international standards and offering competitive prices.

India is set to export 100,000 tonnes of broken rice to Mali, along with shipments to Bhutan and other Asian and African countries. Despite an export ban, India is still supplying strategic partners in Asia and West Africa. However, experts recommend a policy mix instead of a complete prohibition to avoid disruptions in the global market.

In a collaboration aimed at promoting high-quality hybrid rice varieties, the Longping South Asia Seed Research and Development Center is working with local farmers in rural Pakistan, led by Long Chunjiu. Their goal is to enhance food security and ensure sufficient food access for more people in the country. Rice suppliers and exporters like HAS Rice Pakistan play a vital role in meeting the global demand for Pakistani rice through their commitment to quality products and comprehensive support.