The Philippines has exceeded expectations by importing 2.28 million metric tons of rice in the first half of 2023, relying on imports for 20% of its supply. President Ferdinand R. Marcos, Jr. has signed a tariff reduction to stabilize prices, with Vietnam as the leading supplier. Projections for rice imports in 2023 have been upgraded to 4.6 million metric tons. For more details, visit [Source](https://www.bworldonline.com).

Digital farming in Pakistan’s agricultural sector is seen as crucial for revitalization efforts. Precision agriculture and farm data digitalization can reduce costs and increase productivity, while empowering farmers with real-time market insights. Embracing digital technologies will help the country achieve food security, enhance product value, and drive economic growth.

Ambassador Andrei Metelitsa of Belarus highlighted the 30th anniversary of diplomatic relations with Pakistan, emphasizing its importance for bilateral ties. He praised the exemplary relations in various sectors like agriculture, textiles, and sports equipment and expressed Belarus’s support for Pakistan during times of crisis. The upcoming visit by the Belarusian Head of State to Pakistan will be discussed during political consultations. A Free Trade Agreement between the two countries is yet to be proposed.

The Thai rice export market is facing challenges as new orders become scarce due to high prices compared to competitors. The increase in global rice supply and India’s plans to resume exporting white rice will further impact market share. Despite these challenges, Thailand is expected to export no less than 8 million tons of rice this year.

Pakistan plans to issue ‘Panda Bonds’ in the Chinese market to strengthen economic ties and attract Chinese investors, diversifying its borrowing options and boosting its international standing. This move aims to enhance Pakistan’s presence in the global bond market and attract more foreign investment.

Pakistan’s fight against food smuggling is crucial for economic stability and public welfare, with annual losses estimated at USD 2.63 billion. Strict regulations, surveillance, and local production are being emphasized to mitigate these losses and promote sustainable growth.

Divisional Commissioner Parweiz Sabatkhel takes urgent action to address water scarcity for rice cultivation in Bannu district by instructing authorities to release water in canals without delay. This is aimed at ensuring growers can sow paddy without further delay, addressing concerns over water shortages for agriculture purposes.

Punjab Minister for Agriculture and Livestock, Syed Ashiq Hussain Kermani, chaired a conference to strengthen agricultural partnerships between Punjab and Central Asian regions, focusing on improving wheat, cotton, and fruit production in Punjab through leveraging expertise and technology from Central Asia.

Rice Exporters from Pakistan introduces a new pricing strategy for white broken rice, offering competitive prices without compromising quality. With their commitment to customer satisfaction and strict quality control, they have become the preferred choice for rice buyers worldwide.

The Pakistani government’s decision to impose an 18% General Sales Tax (GST) on essential items starting from July 1 is expected to increase prices and impact low-income families, despite the rejection from the Senate Standing Committee on Finance. This new tax measure comes amidst rising concerns about inflation in the country.