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Pakistan likely to resume import of cotton from India
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Pakistan may resume import of cotton from India: report
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Posted on February 23rd, 2021
Courtesy Adaderana
Pakistani Prime Minister Imran Khan on Tuesday arrived in Sri Lanka for a two-day official visit to island.
The Pakistani premier, who was invited by his Sri Lankan counterpart Mahinda Rajapaksa, is accompanied by a high-level delegation, including members of the Federal Cabinet and senior officials.
PM Imran Khan was given a guard of honour upon his arrival at the airport after being welcomed by Prime Minister Mahinda Rajapaksa.
During his visit, Prime Minister Imran Khan will attend bilateral meetings with President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa, while several other high-level engagements are planned, including a Business and Investment Forum, as well as a sports diplomacy initiative.
Grand welcome to Pakistani PM
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Rice exports need more than lip service
GI tag alone cannot help boost earnings; Pakistan also needs to fetch better prices KARACHI:
Banks’ lending to rice processing mills more than doubled to Rs57 billion in Jul-Dec 2020 from Rs26.5 billion in Jul-Dec 2019, according to the latest statistics released by the State Bank of Pakistan (SBP).
However, this huge growth in lending to rice millers came in the form of restructuring of old loans under the special financial stimulus package announced by the SBP in March 2020 to mitigate the economic fallout of Covid-19 pandemic.
That’s why despite this massive lending – and that too at low interest rates – rice exports did not rise. In fact, Pakistan exported a little below 1.825 million tonnes of Basmati and non-Basmati rice in Jul-Dec 2020, against exports of 2.083 million tonnes in the same period of 2019, according to the Pakistan Bureau of Statistics (PBS).