Days after Imran Khan's visit, US approves sales to support Pak's F-16 fighter jets
Washington, Jul 27: Days after the meeting between President Donald Trump and Pakistani Prime Minister Imran Khan, the United States notified the Congress on Friday of its decision to approve foreign military sales worth USD 125 million to support the F-16 fighter jets of Pakistan.
Khan met Trump in his Oval Office on Monday. Both sides had declared the meeting as highly successful.
The determination in this regard was made by the State Department and is the first after all security aid to Pakistan was suspended by Trump in January 2018.
"The State Department has made a determination approving a possible Foreign Military Sale to Pakistan for Technical Security Team (TST) in continued support of the F-16 program for an estimated cost of USD 125 million," the Defense Security Cooperation Agency said in a statement.
The Pentagon delivered the required certification notifying the Congress of this possible sale on Friday.
According to the statement, Pakistan had requested a continuation of technical support services US government and contractor technical and logistics support services -- and other related elements of logistics support to assist in the oversight of operations in support of the Pakistan Peace Drive advanced F-16 programme.
Pakistan has always used F-16 against India, the latest being in the aftermath of the Balakot air strike inside Pakistan by India.
In its notification, the Pentagon asserted that the proposed sale of this support will not alter the basic military balance in the region. The proposed sale will support the foreign policy and national security of the US by protecting American technology through the continued presence of US personnel that provide 24x7 end-use monitoring.
"Implementation of this proposed sale will require the assignment of 60 contractor representatives to Pakistan to assist in the oversight of operations as part of the Peace Drive F-16 program," the statement said.
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Iran unrest hits basmati rice exports, prices fall sharply as payment delays mount: Industry body
New Delhi (PTI): Civil unrest in Iran has started impacting India's basmati rice exports to the country, leading to a sharp fall in domestic prices, as exporters face payment delays and mounting uncertainties, an industry body said on Tuesday.
The Indian Rice Exporters Federation (IREF) urged exporters to reassess risks on Iranian contracts and adopt secured payment mechanisms, warning against over-leveraging inventories meant for the Iranian market.
India exported USD 468.10 million worth of basmati rice to Iran during April-November of 2025-26 fiscal, totalling 5.99 lakh tonnes, trade data showed.
Iran is India's top basmati rice export destination, but the current financial year has seen growing stress on order flows, payment cycles, and shipment schedules due to the prevailing instability.
The impact is now clearly visible in domestic mandis. Over the past week alone, prices of key basmati varieties have registered a steep decline, reflecting buyer hesitation, delayed contracts and heightened risk perception among exporters.
The domestic price of basmati rice variety 1121 has come down to Rs 80 per kg from Rs 85 per kg last week, while varieties 1509 and 1718 declined to Rs 65 per kg from Rs 70 per kg.
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"Iran has historically been a pillar market for Indian basmati. However, the current internal turmoil has disrupted trade channels, slowed payments and dented buyer confidence," IREF National President Prem Garg said in a statement.
He said exporters must exercise heightened caution, particularly with respect to credit exposure and shipment timelines.
Importers have conveyed their inability to honour existing commitments and remit payments to India, creating uncertainty for exporters, the federation said.
IREF has issued an advisory and appealed to stakeholders to diversify into alternative markets across West Asia, Africa and Europe to cushion any prolonged slowdown in Iran-bound shipments.
"We are not sounding an alarm, but urging prudence. In periods of geopolitical and internal instability, trade is often the first casualty. A calibrated approach is essential to protect both exporters and farmers," Garg noted.
US Tariff Concerns
The federation also addressed concerns over the recent remarks by US President Donald Trump, indicating that countries continuing trade with Iran may face a 25 per cent tariff.
IREF clarified that Indian rice exports to the US are already subject to a 50 per cent tariff, up from 10 per cent earlier.
Despite this, Indian rice exports to the US have remained resilient. India exported 2,40,518 tonnes of Basmati and non-Basmati rice to the US during April-November 2025-26, compared to 2,35,554 tonnes in the entire 2024-25 fiscal.
The US is the 10th largest market for Indian rice globally and the fourth largest for Basmat rice.
"There is limited clarity on whether the proposed 25 per cent tariff would be levied over and above the existing 50 per cent duty," the federation noted, adding that it does not foresee a significant decline in exports even if tariffs rise further, given the unique position of Indian Basmati in global markets.
However, IREF expressed greater concern over developments in Iran, where disruptions in local markets have affected trade settlements. Importers have conveyed their inability to honour commitments and remit payments to India, creating heightened uncertainty.
While similar crises have occurred in the past, the trajectory of the current situation remains unclear and is expected to cause further disturbances in prices, liquidity, and trade sentiment in the weeks ahead, the federation added.
