Pakistan has taken a new step to strengthen its trade ties with Bangladesh as the Trading Corporation of Pakistan (TCP) has issued a tender to purchase 100,000 tonnes of rice for supply to Dhaka. The development came to light on Monday and reflects a steady improvement in relations between the two countries.
In the past, Pakistan and Bangladesh struggled with political tensions. But since the August 2024 ouster of former Bangladeshi prime minister Sheikh Hasina, both sides have seen friendlier engagement. Trade and communication have increased, and officials on both ends have expressed interest in expanding cooperation.
Earlier this year in February, both countries began direct government to government rice trade, starting with the import of 50,000 tonnes of rice by Bangladesh. This new tender now marks an even bigger move, signalling rising confidence and growing demand.
At the 9th Joint Economic Commission (JEC) meeting last month, Pakistan also offered Bangladesh access to the Karachi Port Trust. This would allow Dhaka to use the port as a convenient route for trade with countries like China and the Central Asian states. The option could reduce costs and create new commercial opportunities for Bangladesh.
Meanwhile, Pakistan’s own rice sector is facing challenges. In the first quarter of FY26, rice exports dropped by 28%, worrying exporters and farmers. Industry experts say the decline is linked to India’s 2024 decision to restart rice exports. India also removed the minimum export price for basmati and zero-rated rice exports, making its shipments cheaper in the global market.
Despite these hurdles, the latest tender offers Pakistan a chance to keep its rice industry active while also strengthening ties with Bangladesh. Both countries appear ready to continue building a more stable and beneficial economic partnership.