The Prime Minister extends relief package for utility stores, maintaining subsidies on vital commodities like sugar, flour, ghee, pulses, and rice to benefit BISP beneficiaries. Subsidized rates ensure affordability, displaying the government’s proactive approach in assisting citizens during challenging times.

The Ambassador of Azerbaijan to Pakistan emphasizes the need for stronger economic ties, suggesting involvement of private entities in Joint Working Groups to foster increased trade. Efforts are underway to develop trade agreements between the two countries, while resumption of LNG supplies and potential mutual investments in energy and IT sectors are expected to enhance economic cooperation. Increased people-to-people contacts and connectivity are also highlighted.

The Ambassador of Azerbaijan to Pakistan emphasizes the importance of stronger economic ties between the two nations. He discusses the establishment of Joint Working Groups in various sectors and ongoing efforts towards trade agreements. The Ambassador highlights the increase in trade transactions and encourages participation in exhibitions for closer relations. The President of the Karachi Chamber of Commerce & Industry emphasizes bilateral cooperation and collaboration opportunities in agriculture and Special Economic Zones. Source: [Islamabad Post](https://islamabadpost.com.pk)

World rice prices have softened recently, except in the US, causing concerns about its international competitiveness. Thailand’s prices have decreased due to the weakening of the Thai baht and the export market, while Vietnam’s prices declined because of the winter-spring crop progress. Pakistan, Argentina, Brazil, Paraguay, and Uruguay also experienced falling prices. Despite these fluctuations, the rice market remains firm and positive overall.

Pakistan’s food exports have seen a substantial increase of 48.17% in the first nine months of the current financial year. Rice exports notably soared by 83.37%, while fruits and vegetable exports grew by 17.34% and 42.79%, respectively. The rise in food group exports highlights Pakistan’s success in the global market, especially in the rice industry. For more information about rice exporters from Pakistan, visit [https://www.hasrice.com](https://www.hasrice.com) and [https://www.pakistanrice.com](https://www.pakistanrice.com).

The Consumer Price Index (CPI)-based annual headline inflation in February 2024 decreased to 23.1%, providing some relief to the economy. However, annual food inflation remains high at 18% due to various factors impacting production costs and food transportation. Price fluctuations have been observed in rice and non-cereal food items, emphasizing the challenges in the market. Despite these concerns, the Terms of Trade (ToT) analysis shows a positive trend that can benefit the overall economy.

The World Food Programme (WFP) has provided essential aid to over half a million people in Pakistan, distributing food and cash assistance, supporting pregnant and breastfeeding women, and implementing resilience-building activities. They are also addressing malnutrition and promoting girls’ education while improving data analytics and decision-making through training. Source: ReliefWeb.

Chief Minister Maryam Nawaz inaugurates ‘Baisakhi’ at Kartarpur Sharif, expressing her happiness to be part of this honorable moment. Sikh women fold their hands to welcome her, while Sikh youths perform traditional Gatka. The chief minister visits the Sarovar, Samadhi, Guru Ghar, and appreciates the facilities provided to pilgrims.

Pakistan has emerged as a key player in the international rice market. With a wide range of rice varieties available, Pakistan rice exporters have gained a reputation for their high-quality products and competitive prices.

Saudi Arabia’s agreement to increase rice imports from Pakistan to meet 20% of its total requirement signals a boost for Pakistan’s rice exports and supports the country’s economy. This move is part of the growing trade and investment relations between the two nations.