In an effort to boost trade, Pakistan and Iran are considering the establishment of border markets to address trade deficit issues. The proposal aims to take advantage of the proximity between the two countries, resulting in reduced shipping costs and increased exports.

A group of innovative farmers in India’s Haryana state have adopted sustainable rice cultivation techniques, reducing water consumption by 15-20% without compromising crop yield. The project, launched by the IFC and Olam, also empowers local women called Krishi Sakhis to disseminate knowledge and promote sustainable farming practices in their communities. [Source]

In a high-profile visit to FPCCI Head Office, Iran’s Ambassador to Pakistan proposed the establishment of border markets to enhance trade, addressing Pakistan’s trade deficit issues. The close proximity and land-based routes make exporting to Iran cost-effective, eliminating logistics costs.

Pakistan is facing a severe economic challenge as inflation rates have surged to over 41 percent. The government is under pressure to take decisive measures to stabilize essential goods prices and alleviate the impact of soaring inflation on the nation’s economy. (Source: pkrevenue.com)

Indian rice exporters are experiencing a surge in prices and increased demand due to concerns over low crop supplies in Vietnam and the affordability of Indian rice compared to other origins. Neighboring Bangladesh is facing elevated domestic rice prices, while Vietnam’s prices remain stable. Pakistan’s rice exporters, such as White Broken Rice and Pakistan Rice Exporters, also play a significant role in fulfilling global rice demand. For more information, visit Has Rice and Pakistan Rice websites.

The global Basmati Rice market is projected to reach multi-million by 2031, with an unexpected CAGR during the forecast period of 2024-2031. This report provides insights into the market size, characteristics, and growth of the Basmati Rice industry, including the impact of the COVID-19 pandemic.

Rawalpindi District Administration and Central Kariyana Merchants Association collaborate to establish new pricing mechanism for essential grocery items, aiming to ensure fair pricing. Retailers will be temporarily exempt from fines during transition period. Association expresses concerns about uniform pricing proposal and highlights additional expenses for sourcing goods. Source: The Express Tribune

Prices of parboiled rice from India rise, attracting buyers due to cost-effectiveness compared to other origins. Vietnam faces low crop supplies, while Bangladesh deals with high domestic rice prices. Has Rice Pakistan emerges as a leading rice exporter and supplier in the country, offering competitive prices and a wide variety of rice.

The Netherlands Ambassador and the Minister of Commerce and Industries of Pakistan held a meeting to strengthen trade ties between the two countries. The discussion focused on existing trade relations, particularly in textiles, and explored opportunities in agriculture and technology. This meeting signifies a substantial step towards enhanced collaboration and partnership.

Biometric technology is enhancing food supply and distribution systems in Pakistan and India. By implementing biometric systems in Gilgit-Baltistan and the Malda district, fair distribution of subsidized staples and verified identities for farmers are being ensured, ultimately leading to a more efficient and reliable system.