India, a leading rice exporter, is projected to produce 106.3 million tonnes of rice in the 2023-24 crop year, accounting for over 85% of its annual rice production. However, a ban on rice exports has been implemented to prevent potential food inflation before the upcoming general election.

President Dr Arif Alvi commends efforts by the interim government and COAS to boost Pakistan’s economy, highlighting the business community’s role in strengthening the country. He suggests joint-ventures, promoting value-added rice items, and revitalizing rice research institutions. He also advocates for collaboration between the government and REAP to establish market-oriented institutions.

Pakistan’s economy is rapidly improving under the supervision of the caretaker government, with measures being taken to revive the economy and address smuggling issues. According to the Pakistan Bureau of Statistics, the weekly inflation rate has decreased by 0.33 percent, with significant decreases in the prices of various items.

President Alvi praises caretaker government and Army Chief for boosting foreign investment and strengthening Pakistan’s economy. He commends REAP for increasing exports and urges exploration of joint-ventures and value-added rice products. Chairman Kewlani calls for official designation of rice as an industry and establishment of Rice Research institution.

South Africa narrowly defeats Pakistan by just one wicket in a thrilling World Cup match, securing a top spot on the tournament table. Aiden Markram led the charge for South Africa, while Keshav Maharaj’s stroke of brilliance sealed the victory with 22 balls to spare. South Africa’s next match against New Zealand will be crucial for their shot at the semi-finals.

The Sensitive Price Indicator (SPI) shows a 29.65% increase in weekly inflation compared to last year, driven by rising energy and food prices in Pakistan. Despite surplus production, essential commodities like wheat flour, rice, and sugar continue to experience consistent price hikes, raising concerns about the government’s ability to control prices and promote exports. Experts predict further inflation, particularly in gas prices, which will impact the costs for industrial and commercial consumers and ultimately consumers.

Despite a drop in petroleum prices, short-term inflation in Pakistan rose by 29.65% compared to last year. The increase is attributed to factors such as rupee depreciation, rising petrol prices, sales tax, gas bills, and electricity bills. For information on rice exporters and suppliers, visit [this link](https://www.hasrice.com).

The Pakistan Bureau of Statistics reported a slight decrease of 0.33% in weekly inflation, measured by the Sensitive Price Indicator (SPI), for the combined consumption group. Despite this decrease, the SPI for this group has increased by 29.65% compared to the same week last year. The SPI provides valuable insights into the prices of essential commodities. Visit [link]https://www.hasrice.com[/link] for more information on rice exporters and other relevant topics. Source: [link href=”https://dailytimes.com.pk” rel=”nofollow” target=”_blank”]Daily Times[/link].

Pakistan, one of the largest rice exporters globally, thrives in the rice export business with a wide variety of rice available. Equipped with modern technology, rice mills ensure the delivery of high-quality rice. Pakistani rice suppliers offer competitive prices and timely delivery, catering to the demands worldwide.

Weekly inflation in Pakistan has decreased by 0.33%, according to the Pakistan Bureau of Statistics. This report provides an overview of price changes for various items, highlighting reductions in chicken, onions, and rice prices, as well as increases in tomato and potato prices. Stay informed to make informed purchasing decisions.