Pakistan accuses India of violating the agreement on advance notification of ballistic missile tests after India’s successful test flight of a missile capable of carrying multiple warheads. Pakistan emphasizes the need for compliance with the agreement “in letter and spirit.”

Iran and Pakistan are set to finalize a Free Trade Agreement (FTA) during Iranian President Ebrahim Raisi’s upcoming visit to Pakistan. The FTA is expected to greatly increase bilateral trade, with the possibility of doubling trade volume to $5 billion in the future. Various economic and trade agreements will also be signed to strengthen relations between the two countries.

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South Korean scientists have made a groundbreaking discovery by cultivating beef cells in rice grains, creating a product known as “beef rice”. This sustainable and eco-friendly protein source has higher protein and fat content than regular rice, making it a promising alternative to traditional beef.

Parboiled rice exports from India have slightly decreased as buyers seek cheaper options elsewhere. Thailand’s weaker baht has also led to a decline in prices. Competitiveness remains fierce among exporters as buyers look for more affordable alternatives.

South Korean researchers have developed lab-grown beef rice by growing beef cells in rice grains, creating a sustainable and affordable protein source that could replace traditional cattle farming. The beef rice contains more protein and fat than conventional rice and has a lower carbon footprint, although flavor and texture challenges remain.

A senior Chinese diplomat has affirmed that China has not pressured Pakistan to repay loans and has even rolled over $2 billion in debt. China reassures it will assist Pakistan in overcoming foreign debt challenges amid concerns of a debt trap.

South Korea’s Agro-Fisheries & Food Trade Corp. plans to buy 100,800 metric tons of rice in an international tender, with the majority sourced from the US and China. The tender provides an opportunity for rice exporters, and more information can be found at Has Rice Exports and Pakistan Rice Exports.

Traders in Rawalpindi are defying the district administration’s prices and selling groceries at open market rates, due to the disagreement over the prices set by the authorities. Traders argue that the official prices do not reflect the current economic reality. Consumers are forced to purchase items at higher prices as a result of this dispute.

Dr. Fateh Marri, Vice Chancellor of Sindh Agriculture University, highlights Pakistan’s significant contribution to the global rice trade, accounting for 10% and worth $30 billion annually. Ongoing research on hybrid rice seeds within the country shows promise, enhancing productivity in rice cultivation. The seminar addressed challenges hindering optimal rice production and emphasized the importance of collaborative efforts for the development of new hybrid rice varieties.