The Pakistani rupee experienced a marginal depreciation of 0.06% against the US dollar. This comes as Pakistan seeks a longer IMF bailout program. Internationally, the euro declined as France called a surprise election. US dollar remained steady, while oil prices saw a modest increase.

The Pakistani rupee slightly strengthened against the US dollar last week, while the International Monetary Fund continues virtual talks with Pakistani authorities for a new programme. Prime Minister Shehbaz Sharif confirms consensus on the China Pakistan Economic Corridor, and Pakistan experiences a record-high inflow of overseas workers’ remittances. The Asian Development Bank approves a $250 million loan for infrastructure investment, and the country’s foreign exchange reserves increase. Market rates for PKR against major currencies and inter-bank market rates for USD are also provided.

Pakistan suffered a disappointing defeat against archrivals India in a crucial T20 World Cup 2024 game. The loss puts them in danger of being eliminated in the first round, but they still have a glimmer of hope with slim chances of qualification for the Super 8 stage.

Pakistani rice exporters have thrived amid increasing global demand, thanks to their high-quality products and competitive pricing. With a focus on expanding their online presence and establishing partnerships with importers, Pakistani rice companies are set to dominate the rice export industry even more in the future.

After years of struggle, the privatization of Pakistan International Airlines (PIA) is becoming a reality, with eight consortiums, including airlines and other industries, bidding to acquire PIA. The outcome of this process will not only determine the future of PIA but also reshape the competitive landscape for all airlines in Pakistan.

Pakistani company D-Tech Consultancy files a lawsuit against Zoom CEO, Eric Yuan, claiming over a million dollars in unpaid commissions and demanding $2.2 million in damages and losses. This development raises questions about Zoom’s business practices and partnership dynamics.(Source: Profit)

Pakistan must address shrinking arable land and water scarcity to achieve food security in rice cultivation. Adopting advanced agricultural technologies, such as drought-resistant hybrid rice seed varieties, and providing training and resources to farmers can ensure sustainable production amidst challenges.

India secured a thrilling six-run win against Pakistan in a T20 World Cup Group A match. Rishabh Pant’s quickfire 42 helped India reach a total of 119, while Jasprit Bumrah’s impressive figures of 3-14 ensured regular wickets for Pakistan. This victory adds another chapter to the storied rivalry between the two nations.

Fiji Rice Pte Limited names Mukesh Kumar as their new CEO, selecting him for his agriculture sector expertise and strong ties to the rice farming community. Kumar aims to enhance business dynamics and meet the growing demand for brown rice, contributing to the company’s journey towards growth and success.

Pakistan’s exports are projected to exceed $31 billion in fiscal year 2023-24, showing a significant increase from the previous year. The focus on established markets such as China and Saudi Arabia, along with exploring new markets in Africa, is expected to contribute to further positive results. Rice, leguminous vegetables, oil seeds, nuts, kernels, and vegetables have experienced substantial growth in exports. The US, China, and the UK remained the top export destinations for Pakistani products.