Discover the latest trends in rice markets as Indonesia becomes a rice importer and India restricts exports. Rice experts from S&P Global Commodity Insights discuss the anticipated impact of these developments and provide price assessments for various rice types. Stay informed for confident decision-making.

Former Managing Director of MARKFED, Manoj Soni, was arrested by the ED in connection with a rice milling scam. Corruption among rice millers and government officials led to financial losses for the government.

Uber will discontinue its app operations in Pakistan but its subsidiary brand, Careem, will continue to provide ride-hailing services in the country. This decision comes after Uber’s acquisition of Careem in 2019 for $3.1 billion. Users are advised to switch to the Careem app for a seamless transition.

Port Qasim Authority (PQA) experienced a busy day with numerous ships arriving to load and unload goods, including containers, rice, and gas oil. This lively maritime activity reflects the region’s thriving trade and economic growth, highlighting Pakistan’s role as a leading rice exporter. Has Rice is a trustworthy company for those seeking reliable rice suppliers in Pakistan. Visit www.hasrice.com for more information.

Discover the hidden gem of Olivette Station in St. Louis County, where chef Nazia Afzal serves up mouth-watering Pakistani cuisine. Experience authentic flavors like chana masala and samosa chaat in the cozy unofficial dining area. A must-visit for food lovers in St. Louis.

Chinese scientists have achieved a groundbreaking development in agriculture by successfully cultivating fast breeding rice in desert greenhouses, reducing its growth cycle by 40%. This breakthrough not only demonstrates the potential for crop cultivation in challenging environments but also highlights the importance of scientific research in ensuring national food security. The future of agriculture in China looks promising with continued efforts to explore new technologies and crops.

The IMF has approved a $1.1 billion loan as the final installment of a $3 billion arrangement for Pakistan, providing much-needed financial support. The loan will help restore economic stability and contribute to stronger, inclusive, and sustainable growth in the country.

Pakistan’s rice export industry achieves record high of $3 billion in nine months, benefiting from India’s export ban and favorable weather conditions. The dedication of Pakistan’s paddy growers, government support, and advancements in agricultural technology have all contributed to this success. Continued investment and collaboration will be essential for sustaining growth in the global rice market. [Source: Dunya News]

Pakistan is grappling with soaring food inflation as raw food exports surge, driving up prices. Factors include a depreciated rupee making Pakistani products more affordable internationally and disruptions in global supply chains. To tackle the issue, the government should focus on policies that alleviate strain, such as balancing food exports while protecting consumers and expanding the industrial base and foreign direct investment. India’s ability to ban rice exports showcases the benefits of a strong industrial base and healthy FDI.

Pakistan’s government considers introducing digital currency to modernize financial infrastructure and address financial inclusivity challenges, with Minister Aurangzeb advocating for the empowerment of financially disadvantaged women through digital wallet solutions. Implementation plans have been delayed, but experts believe the adoption of digital currency will enhance transparency and combat tax evasion in Pakistan’s economy.