Pakistan seeks wider access to Canadian market as both sides want deeper agricultural cooperation

A farmer plants soybeans on his family's farm in Duffins Rouge Agricultural Preserve, a part of the Ontario Green Belt in the Greater Toronto Area of Pickering, Ontario, Canada, on May 25, 2023. (AFP/ file)
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Updated 10 December 2025
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Pakistan seeks wider access to Canadian market as both sides want deeper agricultural cooperation

  • Islamabad urges faster certification for canola and halal products in a bid to expand agricultural exports
  • Canada pledges collaboration on pest management, invites Pakistan to the Canada Crops Convention

ISLAMABAD: Pakistan on Wednesday pressed for improved access to Canadian agricultural markets and faster certification procedures for key exports as Islamabad looks to modernize its climate-strained farm sector and resolve long-standing barriers to trade, according to an official statement.

The push comes as Pakistan, a largely agricultural economy, faces mounting challenges from erratic weather patterns, including floods, droughts and heatwaves, which have hurt crop yields and raised food security concerns. Islamabad has increasingly sought foreign partnerships and training to upgrade farm technology, while pursuing export-oriented growth to diversify markets for mangoes, rice, kinnow, dates and halal meat.

Federal Minister for National Food Security Rana Tanveer Hussain and Canadian High Commissioner Tarik Ali Khan met to discuss “strengthening bilateral collaboration in agriculture, enhancing market access for key commodities, and advancing ongoing phytosanitary and technical cooperation,” according to the statement.

“Minister Rana Tanveer Hussain stressed the importance of resolving market access challenges to ensure uninterrupted trade in priority commodities, particularly canola, which constitutes Pakistan’s major agricultural import from Canada," it continued. "He highlighted that Pakistan seeks robust and timely certification and registration processes to facilitate predictable canola imports."

"The Minister emphasized that Pakistan is eager to strengthen its halal export footprint in Canada and sought CFIA’s [Canadian Food Inspection Agency’s] support in accelerating certification procedures for halal gelatin, casings, and value-added poultry," it added.

High Commissioner Khan  acknowledged Pakistan’s concerns, the statement said, and assured Hussain of Ottawa’s readiness to deepen technical collaboration.

He also briefed the minister on Canada’s pest management systems and grain supply chain controls, adding that his country looked forward to facilitating Pakistan’s plant protection team during an upcoming systems-verification visit.

Khan also invited Pakistani officials to the Canada Crops Convention in April 2026 and confirmed participation in the Pakistan Edible Oil Conference, reaffirming that “Canada views Pakistan as a priority partner in the region.”

Hussain proposed forming a joint working group to maintain momentum on technical discussions and regulatory issues as both officials agreed to strengthen agricultural cooperation.


Pakistan stocks hit record high on hopes of rate cut, improved US ties

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Pakistan stocks hit record high on hopes of rate cut, improved US ties

  • Benchmark index gains 2,662 points, or 1.44 percent, to close at an all-time high of 187,761 points
  • Engro, UBL, Hub Power, Fauji Fertilizer, Meezan Bank and Service Industries added 1,554 points to index

ISLAMABAD: The Pakistan Stock Exchange (PSX) hit a record high as it surpassed the 187,500-point mark on Monday, with analysts citing improving ties with the United States and expectations of an imminent interest rate cut.

The benchmark KSE-100 index gained 2,662.86 points, or 1.44 percent, to close at an all-time high of 187,761.69 points, up from the previous close of 185,098.83 points, according to PSX data.

The stock gains came a day after President Donald Trump invited Prime Minister Shehbaz Sharif to join the so-called “Board of Peace” for Gaza, amid increasing Pakistan-US diplomatic and economic engagement since Trump’s rise to presidency.

“Falling government bond yields and improving Pakistan-US relations played a catalyst role in record close at PSX,” Ahsan Mehanti, chief executive officer of Arif Habib Commodities, told Arab News.

Meanwhile, Karachi-based market research firm Topline Securities said bulls extended their rally as hopes of a rate cut by the State Bank of Pakistan (SBP) fueled investor sentiment.

“Investor sentiment remained upbeat, largely fueled by rising expectations of an imminent interest rate cut,” it said in a post on X. “Market participants increasingly priced in a 50bps reduction in the upcoming monetary policy, which kept buying interest alive and underpinned broad-based gains.”

In December, the SBP cut its key policy rate by 50 basis points to 10.5 percent, resuming monetary easing after four meetings in a move that surprised many despite International Monetary Fund guidance to keep policy “appropriately tight” to anchor inflation expectations.

Engro Holdings Limited (ENGROH), United Bank Limited (UBL), Hub Power Company Limited (HUBC), Fauji Fertilizer Company Limited (FFC), Meezan Bank Limited (MEBL) and Service Industries Limited (SRVI) collectively added 1,554 points to the benchmark index on Monday, according to Topline Securities.

“Total market volumes stood at 1,195 million shares, while the value of shares traded amounted to Rs63.7 billion,” the research firm said. “[Bank Makramah Limited] BML led the volume chart, emerging as the most actively traded stock with 246 million shares.”