Tag: food security
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Govt implements measures to control onion prices amidst rising inflation
The interim federal government has reportedly chosen to implement restrictions on onion exports due to the persistent surge in prices, as revealed by sources on Sunday. According to detailed information, the government has introduced advance payments to discourage onion exports and has established a minimum export price. These measures are aimed at preventing an anticipated…
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Punjab food department ceases wheat quota subsidy
The Punjab Food Department has decided to discontinue a substantial subsidy programme linked to the allocation of government wheat quotas.
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Fungus found: UAE bans fresh meat imports from Pakistan
The United Arab Emirates (UAE) has imposed a ban on the importation of fresh meat from Pakistan. This decision stems from the discovery of fungal contamination in frozen meat shipments from Pakistan via the sea route. As reported by ARY News, the presence of fungus on meat imported by a Karachi-based company prompted the UAE…
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Growing Saudi-India partnership: MBS and Modi discuss expanding trade goals
Indian Prime Minister Narendra Modi and Saudi Crown Prince Mohammed bin Salman held discussions on trade ties in New Delhi after the G20 Summit. The leaders met at the Hyderabad House, New Delhi, for the Saudi-Indian Strategic Partnership Council meeting. During the talks, they covered various areas of cooperation and regional and international topics of…
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Pakistan to import 100,000 tonnes of sugar from Brazil due to high prices, shortage
With the price of sugar skyrocketing in the market, aided by the exploitative practices of the sugar mill cartel, and the commodity facing scarcity, a decision has been reached to import 100,000 metric tonnes of sugar from Brazil.
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Russian market reopens for Pakistani rice: 15 mills get export approval
In a significant development for Pakistan’s rice industry, the Department of Plant Protection (DPP) of the Ministry of National Food Security and Research has registered 15 rice establishments for exports to the Russian Federation. This announcement comes as a ray of hope amid a declining trend in rice exports during the outgoing fiscal year.
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Pakistan faces second-highest food price inflation in South Asia: World Bank report
According to the World Bank’s “Food Security Update,” the consumer price inflation for food items in Pakistan in February 2023 on a year-on-year basis was 45.1 per cent, which is the highest in South Asia after Sri Lanka, which experienced 54.4 per cent inflation. The report further states that domestic grain and wheat flour prices…
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Inflation hike up to 11.5pc, highest in 20 months
An increase in consumer prices continued as inflation rises up to 11.5 per cent from 9.2 per cent in November, the highest increase in the past 20 months due to a record hike in fuel prices last month, reports Dawn. This has been revealed by Pakistan Bureau of Statistics (PBS) data. Inflation measured by the…