Pakistan and Azerbaijan have decided to resume talks on a Preferential Trade Agreement (PTA) to strengthen economic ties and boost bilateral trade. The negotiations aim to increase trade and investment, with initial discussions focusing on a list of 15 items. Minister Gohar Ejaz is optimistic about the potential of a PTA and aims to conclude negotiations within 30 days.

According to data released by the State Bank of Pakistan, the country’s total textile export witnessed a growth of 9.05% MoM in October 2023, reaching $1.45 billion. However, the exports of the textile sector decreased by 2.53% YoY in the same period.

Pakistani rice exports are thriving thanks to high demand in international markets. Leading exporter, HAS Rice Pakistan, stands out for their quality, competitive pricing, and extensive experience. With a range of varieties available, including Basmati and IRRI 6, they are meeting global demands efficiently.

The University of the Punjab and Wuhan University have conducted joint research on cultivating Honglian type hybrid rice in high-temperature conditions. This collaboration is a significant achievement for Wuhan University, as Honglian type hybrid rice has the potential to impact global food production and climate adaption.

Chinese experts from the Longping South Asia Seed Research and Development Center are partnering with local farmers in Lahore, Pakistan to cultivate advanced hybrid rice varieties. This collaboration aims to address food security concerns in the region while improving agricultural practices and increasing crop yields for a sustainable future.

China and Pakistan have collaborated on a groundbreaking research project on cultivating Honglian type hybrid rice under high-temperature conditions. The project aims to increase agricultural productivity and global food stability, with Wuhan University supplying three new rice varieties for testing in Pakistan. This collaboration showcases China’s commitment to sharing agricultural expertise and technologies through initiatives like the Belt and Road Initiative.

The Rice Exporters Association of Pakistan (REAP) expresses concern over axle load restrictions imposed by Punjab Government, causing transporters to refuse loading paddy from farms, potentially impacting rice exports. REAP urges the government to address the issue urgently.

The Rice Exporters Association of Pakistan has expressed concerns over Punjab’s axle load restrictions, as transporters refuse to load paddy due to the new law. This may result in delays and risks to the trade worth $500 million annually. The association urges the government to take immediate action.

The Rice Exporters Association of Pakistan (REAP) has expressed concern over the axle load restrictions imposed by the Punjab Government, which are causing significant delays in transporting paddy from farms to mills. REAP calls for action to address the availability of carriers and requests a delay or exemption to mitigate potential losses for farmers and rice exporters.

Pakistan Rice Exporters Association (REAP) urges government to waive off 25% regulatory duty on rice exports, citing challenges faced by the industry including high production costs and competition. REAP believes removal of duty will boost exports, benefiting both exporters and Pakistan’s economy. Government’s decision is awaited.