Pakistan’s textile exports have grown by 5.9% in October, the first increase in 13 months. The industry benefited from relaxed import restrictions, resulting in improved availability of raw materials. However, from July to October of FY24, textile exports declined by 6.3%. On the other hand, sales of textile components such as bedwear, readymade garments, towels, and knitwear increased. Food group exports experienced significant growth, with rice exports rising by 111.7% and basmati rice exports increasing by 29.9%.

The State Bank of Pakistan plans to implement a flexible inflation targeting regime to achieve a balance between price stability and economic growth, aiming to keep inflation within the target range of 5-7 percent. The bank also intends to convert existing conventional banks into Islamic banks to align with recent rulings, while focusing on goals such as enhancing the efficiency and stability of the financial system, improving access to financial services, and building an innovative digital ecosystem. Source: The News.

According to official data released by the Pakistan Bureau of Statistics, the country has experienced a whopping 42% increase in inflation. This surge is primarily due to the government’s recent increase in gas prices. The significant rise in prices has major implications for the public, emphasizing the government’s need to address economic impact and implement measures to alleviate the burden on citizens.

India’s e-commerce industry is predicted to boom, with exports expected to reach $200 billion in the next six to seven years, according to the DGFT’s Director General. He highlights the importance of innovation, diverse product range, and regulatory changes for India’s success in e-commerce exports.

Pakistan, a leading rice exporter, offers diverse varieties of high-quality rice at competitive prices. Has Rice, a prominent exporter, ensures strict quality control measures and provides a wide range of rice varieties to global customers. Visit their website for detailed information on prices and operations.

The Uganda Revenue Authority (URA) has acquired an advanced machine to test imported rice, specifically focusing on imports from Tanzania. The machine aims to crack down on rice importation fraud and protect local rice producers by ensuring fair trade and adherence to import regulations. Source: Monitor Uganda.

Indian farmers have planted less wheat this year due to a delayed rice harvest. However, higher prices are expected to encourage an expansion of the wheat cultivation area. Rapeseed sowing has remained stable, promising a decrease in expensive cooking oil imports for India.

The Karachi Port Trust (KPT) impressively handled 90,046 tonnes of cargo in the past 24 hours, showcasing its efficiency and productivity. Meanwhile, the Port Qasim Authority (PQA) witnessed bustling trade activity with 125,367 tonnes of cargo passing through, emphasizing Pakistan’s crucial role in the global supply chain.

Pakistan’s weekly inflation soared to 41.90%, primarily due to a steep rise in gas prices, according to the Pakistan Bureau of Statistics. Rising gas costs have led to a 9.95% surge in weekly inflation, impacting various items including tea, pulse masoor, and chicken. The government must address this issue to safeguard citizens’ wellbeing.

In the past 24 hours, Port Qasim Authority has been busy with ship activities, including the loading and offloading of rice and palm oil. The port achieved a cargo throughput of 56,355 tonnes, with 13 ships at the Outer Anchorage. For more information on rice exporters and suppliers in Pakistan, visit [HasRice.com](https://www.hasrice.com) and [PakistanRice.com](https://www.pakistanrice.com).