According to a survey by Business Recorder, the prices of essential kitchen and grocery items remain high in the retail market. However, there has been a slight decrease in the prices of ginger, garlic, green chili, onion, and tomatoes, while the prices of other vegetables remain unchanged.

Pakistan launches Operation Azm-i-Istehkam, a national counter-terrorism campaign, to address the increasing threat of terrorism. The campaign aims to honor fallen soldiers, promote economic recovery, ensure political stability, and strengthen security for foreign investment and trade. Urgency and unity in execution are crucial for a prosperous future.

FESCO’s crackdown on electricity theft in its region has resulted in a fine of Rs.951.2 million imposed on 9,323 culprits. This successful anti-theft campaign serves as a warning to others considering engaging in this illegal activity.

The price of rice in Pakistan has dropped significantly due to effective government policies and a better rice harvest. This decrease in prices has made various types of rice more affordable for consumers, resulting in positive developments in the agricultural sector. Furthermore, the Excise Department has been cracking down on unregistered vehicles and tax defaulters, ensuring compliance and strict enforcement of tax regulations.

China’s Free Trade Zones (FTZs) have transformed foreign trade with innovative policies attracting foreign businesses. Zeeshan Qasim Khan’s success story highlights the benefits of the Hainan FTZ, including preferential tax rates. China currently has 22 FTZs, contributing to a significant portion of the nation’s import and export volume. These zones have revolutionized trade, investment, and the business environment while supporting China’s high-level opening-up agenda.

Pakistan’s new legislation, the Punjab Price Control of Essential Commodities Act 2024, aims to curb inflation and enhance buying power by expanding the list of essential commodities and controlling prices of agricultural inputs and produce. However, concerns arise about ignoring market forces and hindering economic growth. Farmers also face challenges dealing with mafias and unfair practices. Exploring better alternatives like subsidies and assistance schemes may be a more sustainable approach.

Rice growers in Pakistan are facing a water shortage due to the damaged Sukkur Barrage, which has suspended water supplies to canals. This poses a threat to crops and causes distress for farmers who rely on irrigation water. Efforts are underway to restore water supplies and address the emergency. The situation raises concerns about the viability of crops and the financial losses farmers may incur.

In recent news, rice prices in Pakistan have significantly dropped, thanks to effective government policies and a successful rice harvest. Prices have reduced by approximately Rs60 per kg over the past two months, providing consumers with more affordable options and eliminating artificial inflation.

Pakistan’s agricultural sector is experiencing impressive growth, with GDP projected to increase by 2.38% and the sector expanding by 6.25%, its best performance in two decades. Technological advancements, sustainable farming practices, and the introduction of large-scale corporate farming are key drivers of this growth. The government’s role in the sector is evolving to create an enabling environment for private sector innovations.

Zeeshan Qasim Khan thrived in Hainan’s Free Trade Port with its favorable tax policies, highlighting the benefits of China’s expanding network of free trade zones. With simplified procedures and one-stop services, businesses like Khan’s are taking advantage of the opportunities and shaping the future of international trade.