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Pakistan
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Ingredion finalizes US$165M sale of majority stake in Pakistan unit
The transaction involves Ingredion selling a 51% interest in Rafhan Maize for approximately US$165 million, while maintaining roughly a 20% ownership position to support future collaboration and regional growth.
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Pakistan cleared to purchase 6.2M tonnes of wheat under new IMF-approved policy
The IMF had prohibited Pakistan’s federal and provincial administrations from direct market interventions to curb fiscal leakages and price distortions.
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Thal Limited to invest US$16M in grain storage and milling facility in Muzaffargarh, Punjab
Thal Ltd. said high-quality storage will be used for major grains such as wheat and corn.
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China, Pakistan sign MoU to boost maize breeding
Pakistan, with huge agricultural potential, can achieve a 30-50% increase in maize production by combining good varieties and good methods.
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Punjab bans use of wheat in feed mills to avert flour shortage
The ban will remain in place for 30 days, effective immediately and lasting until Friday, October 3.