Pakistan’s newly elected lower house of parliament gathers amid protests from supporters of jailed former Prime Minister Imran Khan, who claim the February election was rigged against them. The PML-N and PPP have agreed to form an alliance, despite Khan’s supporters securing the most seats. (45 words)

Pakistan’s progress in combating human trafficking is recognized internationally. Despite being on the Tier-II watch list, the country’s achievements were highlighted at a conference where discussions on strengthening the legal framework and amplifying women’s voices took place. Pakistan’s commitment to international protocols and collaboration with other nations were emphasized. For more information, visit the source.

The Pakistan Stock Exchange’s benchmark index saw a remarkable surge of over 900 points during intraday trade, coinciding with the swearing-in ceremony of newly elected lawmakers, instilling optimism in the market.

Pakistan is poised to become a major player in the global basmati rice market as India’s exports decline. With increased production and competitive pricing, Pakistan’s total rice exports are projected to reach 5 million tons in the 2023/24 financial year, solidifying its position as a strong competitor. The depreciation of the Pakistani rupee has further contributed to its competitiveness.

India’s rice production is expected to decrease for the first time in eight years due to below-average rainfall, raising concerns as India is the world’s largest rice exporter. On the other hand, wheat production is projected to rise by 1.3%, potentially impacting food prices and global markets.

Union Minister Shobha Karandlaje has called for a National Investigation Agency (NIA) probe into the incident where pro-Pakistan slogans were chanted in Vidhana Soudha. Karandlaje expressed concerns over security lapses and stated that the Congress party is trying to divide the nation. She also accused the Chief Minister of allowing unrestricted access to appease certain sections of the population.

The United States urges Pakistan’s new government to prioritize addressing the country’s economic situation. The US emphasizes the need for engagement with international financial institutions to achieve macroeconomic reforms and maintain stability. Pakistan’s economic challenges include dwindling foreign exchange reserves and a declining national currency. Source

China has agreed to extend a $2 billion loan to Pakistan, providing much-needed financial stability amid the country’s ongoing economic challenges. This loan will help alleviate some of the financial strain on Pakistan and reflects the strong relationship between China and Pakistan.

Vietnam’s strategy to meet global rice demand involves importing husked brown rice from India for processing and export, following India’s ban on white rice exports. Traders are finding India’s rice to be more affordable compared to Vietnamese options, and Vietnam now accounts for 95% of India’s husked brown rice exports.

India’s basmati rice exports are expected to decline in 2024 as Pakistan’s competitive prices, fueled by increased production, attract buyers in the global market. This comes after a near-record level of exports in 2023, resulting in record earnings for India.