PM Sharif conveys best wishes to King Charles III at coronation ceremony in London

Britain's King Charles III (L) shakes hands with Pakistan Prime Minister Shehbaz Sharif (R) as he arrives for an informal meeting with Commonwealth leaders at Marlborough House in London on May 5, 2023. (Photo courtesy: Government of Pakistan)
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Updated 06 May 2023
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PM Sharif conveys best wishes to King Charles III at coronation ceremony in London

  • The prime minister is scheduled to meet First Minister of Scotland Humza Yousaf on Sunday
  • Yousaf is the first Muslim and British-Pakistani elected by Scottish parliament to the post

ISLAMABAD: Prime Minister Shehbaz Sharif conveyed best wishes from the people of Pakistan to King Charles III on his coronation ceremony of the new British monarch, said an official statement released in Islamabad on Saturday.

Sharif went to the United Kingdom on Wednesday to attend the star-studded gathering in London where he also participated in a conference of top Commonwealth leaders.

“Prime Minister Muhammad Shehbaz Sharif represented Pakistan at the Coronation Ceremony of His Majesty King Charles III in London on 6 May 2023,” said the statement. “The Coronation is the first occasion in 70 years that a British monarch has been anointed.”

The king’s late mother, Queen Elizabeth II, who passed away last year in September had ascended to the throne in 1953.

“Prime Minister Shehbaz Sharif representing Pakistan on the occasion, conveyed best wishes on behalf of the Government and the people of Pakistan to the King,” the statement added.

The Pakistani PM attended the Commonwealth gathering on Friday, asking its participants to mark the coronation of the king as a moment “to reimagine and reinvigorate the Commonwealth and infuse it with ever greater synergy and even stronger sense of purpose.”

He also highlighted the significance of his country’s partnership with the voluntary association of 56 independent states while highlighting its role in empowering youth around the world.

The prime minister is also expected to meet First Minister of Scotland Humza Yousaf on Sunday.

Yousaf, whose family has Pakistani origin, was recently elected by Scottish parliament to head the devolved government of the territory. He is the first Muslim and British-Pakistani who has been entrusted with the responsibility.

The prime minister’s visit is being closely monitored in Pakistan amid growing political instability, as he is expected to hold political consultations with his elder brother and the founding leader of the ruling PML-N party, Nawaz Sharif, who lives in exile in London.

Sharif, a three-time PM, was found guilty in a corruption reference by an accountability court in Pakistan and sent to prison for 10 years in 2018. He began his prison term but was later released on temporary bail on medical grounds.

Sharif left Pakistan in November 2019 to seek medical treatment in London. He has not returned home since.


India’s rice stocks surge to record high as paddy procurement climbs

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India’s rice stocks surge to record high as paddy procurement climbs

  • The stockpiles may boost shipments, putting pressure on supplies from rivals such as Thailand, Vietnam and Pakistan
  • India, which accounts for about 40 percent of global rice exports, removed the last of its export curbs on the grain in March

MUMBAI: India’s rice inventories in government warehouses climbed nearly 12 percent from a year earlier to a record high for early December after state-run ​agencies stepped up procurement of the new-season paddy crop, government data showed.

The swelling stockpiles could allow the world’s biggest rice exporter to boost shipments, putting pressure on supplies from rivals such as Thailand, Vietnam and Pakistan.

State reserves of rice, including unmilled paddy, totalled a record 57.57 million metric tons as of December ‌1, far exceeding the ‌government’s target of 7.61 million ‌tons ⁠for ​January ‌1.

Wheat stocks stood at 29.14 million tons on December 1, up from last year’s 20.6 million tons, the data showed.

State-run agencies are being forced to buy large quantities from farmers as open-market prices remain below the government-set minimum support price, said a New Delhi based dealer with ⁠a global trade house.

“Despite the government buying heavily, traders still ‌have plenty of stock for exports,” he ‍said.

Since the start of ‍the marketing year on October 1, the government has ‍procured 42.2 million tons of paddy from farmers.

“Export demand isn’t very strong right now, but the weakening rupee is helping traders land deals at competitive prices,” said one Mumbai-based ​trader.

The Indian rupee dropped to a record low this month, enhancing returns for traders on ⁠overseas sales.

India, which accounts for about 40 percent of global rice exports, removed the last of its export curbs on the grain last March.

India’s rice exports in the first 10 months of 2025 jumped 37 percent from a year earlier to 18.49 million tons.

The Rice Exporters Association expects shipments from India to rise by nearly 25 percent from a year earlier to a record 22.5 million tons this year.

Alongside rice, wheat stocks are at comfortable ‌levels this year, helping the government to manage food grain prices more effectively, the trader said.