Inflation
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891IMF agrees on releasing $1.17 billion to Pakistan amid high inflation and instability
The International Monetary Fund (IMF) has confirmed that it had agreed to a staff-level agreement with Pakistan on the mutual seventh and...
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871
Luxembourg richest country in world had -0.09% inflation in 2021
Western Europe is home to the world’s richest nation, Luxembourg and it has a high-income level and a low unemployment rate. According...
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762
Prices of vegetables have spiked high ahead of Eidul Azha
With the arrival of Eidul Azha, prices of vegetables have almost doubled across the country as storekeepers are selling items at their...
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743
Inflation in Pakistan accelerates to 21.32% in June amid higher food and fuel costs
Consumer price index (CPI) of Pakistan rose 21.3% in June from a year earlier, the statistics bureau said on Friday, for the...
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1.1K
75,000 people switched to Lahore’s Orange Line train, metro, speedo buses due to fuel hikes
The recent massive hikes in fuel prices have adversely hit the routine life of the middle and lower-middle class, consequently, more than...
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786
Goods transporters increased fares of cargo shipments by 40% after fuel hike
The goods transporters have announced 40% increase in the fares of cargo shipments following the third consecutive increase in petroleum prices in...
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767
Cooking oil, ghee prices in Pakistan soar to all-time high despite drop in palm oil rate
The government has shocked the consumers by increasing ghee and cooking oil prices by an unprecedented Rs 208 and Rs 213 to...
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810
Inflation in Pakistan reached 13.76% in May, highest in over two years
The Consumer Price Index (CPI) measured the country’s inflation which is found to be increased to a two-and-a-half-year-high at 13.76 percent in...
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629
Pakistan raises fuel prices by Rs 60 in one week, protests hit petrol pumps
Protests have broken out at petrol pumps after the government increased fuel prices by Rs 60 in the second straight hike within...
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655
Pakistan under pressure from IMF drops a massive petrol bomb
The federal government has surrendered to the International Monetary Fund (IMF) condition and declared a huge increase in petrol and diesel prices of...
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1.6K
World Bank says rising food prices to curtail purchasing power of Pakistanis
According to the World Bank, the rising food and energy prices in Pakistan is likely to decrease the real purchasing power of...
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723
Government to pull off subsidies on fuel prices and hike petrol by up to Rs 20
Miftah Ismail, the finance minister, agreed to the IMF’s recommendation to lower fuel and power subsidies and discontinue the business tax amnesty...
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910
Steel prices rise for second time in April to all-time high of Rs 227,500 per ton
The second increase in the ongoing month has pushed the steel bar price to an all-time high of 227,500 per tonne due...
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724
Demand for vehicles, ACs and refrigerators grows despite mounting inflation
According to the Bureau of Statistics, production and demand for vehicles, air conditioners and refrigerators have increased significantly despite mounting inflation. During...
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971
Steel price raised twice in four days to rise above Rs 208,000
Manufacturers have increased the price of steel bars by up to Rs 8,000 to above Rs 208,000 per tonne in less than...
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855
44% Pakistanis disturbed over rising inflation and unemployment
At least 80 percent of Pakistanis have the opinion that the country is moving in the wrong direction. The top concerning issues...
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871
Pakistanis are forced to pay high prices for products now carrying lesser weight
A huge price upsurge in milk-based products and black tea has been seen in just two months ahead of Ramazan, whereas customers...
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2.5K
Utility stores jacks up oil and ghee rates by an average of Rs 70 per kilo
Essential commodities such as ghee, oil, spices, beans, milk, mixed milk, ketchup, detergent, and shampoo have all increased in price in Utility...
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842
Latest prices of petroleum products in Pakistan
According to an official statement made by the Prime Minister’s office on Monday, Prime Minister Imran Khan disapproved the planned increase in...
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856
Inflation skyrockets to 12.3% in December, the highest in 22 months
Pakistan witnessed a rising swing in customer prices as inflation in Pakistan hit the roof to 12.3% in December 2021, showing the...
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2.1K
Proposed 17% sales tax on number of items to further fuel inflation rate
Supplementary Finance 2021 has been presented in the National Assembly by the Federal Minister of Finance on Thursday. In the bill, the...
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901
Arif Habib Limited expects inflation to ease by middle of next year
Arif Habib Limited (AHL), the investment banking arm of the legendary industrial corporation, stated on Friday that it anticipates inflation will return...
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745
Asian Development Bank forecasts higher inflation in Pakistan
The Asian Development Bank (ADB) has predicted higher than projected inflation in Pakistan mostly due to a rise in energy rates and...
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902
Steel bar prices rise by Rs 2,000 to Rs 197,500 per ton
Steel bar makers have increased the prices by Rs 2,000 per ton, sky rocketing the price to Rs 197,000 due to continuous...
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834
Pakistan is still the cheapest country to live in: PM Imran Khan
Prime Minister Imran Khan has reiterated that Pakistan is still the cheapest country to live in, claiming that the skyrocketing inflation will...
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877
Govt to change the formula for determining the rate of inflation
The government has decided to modify the formula for finding the rate of inflation in the country and for this purpose the...
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670
Weekly inflation declines 0.48 percent
Weekly inflation for the week terminating on December 2 observed a drop of 0.48 percent week-on-week, however, it increased by 18.6 percent...
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754
Inflation rises to 11.5% in November, highest in 21 months
During the month of November, inflation has registered the highest rise in 21 months with an 11.5 percent rise on a year-on-year...
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971
Why are US, China, other countries releasing oil from emergency reserves?
China confirmed on Wednesday and India also plans to join the United States, Japan and other major energy-consuming nations in releasing emergency...
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1.7K
UK inflation soars to ten-year high of 4.2% on energy costs
Increased energy prices and strong post-lockdown demand pushed UK inflation near to a 10-year high in October, according to statistics released Wednesday,...
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873
SBP jacks up interest rate by 150 basis points to control rising inflation
The State Bank of Pakistan (SBP) increased its benchmark policy rate by 150 basis points on Friday, in line with market expectations,...
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955
Construction material inflation pushed ongoing projects cost by Rs 200-400 billion
At present, the government needs 20 to 40 percent additional resources in order to complete the ongoing public sector projects, as the prices of construction materials are much higher. ...
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771
Prices of steel increased as international costs surge
The increased costs of steel products in domestic and international markets led the Federal Board of Revenue (FBR) on Monday to raise...
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485
What is driving US inflation to a 31-year high?
President Joe Biden said on Wednesday that Americans are overpaying for common items, vowing to confront the problem “head on” after government...
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1.7K
Ehsaas Rashan to provide Rs 1000 a month discount on purchase of flour, pulses, cooking oil
Special Assistant to the Prime Minister (SAPM) on Poverty Alleviation and Social Protection Dr Sania Nishtar on Tuesday announced online portal of...
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736
Construction cost elevated by almost 40 percent to hit a new high
There has been an extraordinary upsurge in the cost of energy and petroleum products and high market demand, resulted in the increase in the...
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803
Inflation in October shoots to 9.2 percent
The Pakistan Bureau of Statistics (PBS) data exhibits the continuous rising change in customer prices in October as inflation rushed to 9.2...
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886
Petrol hiked by Rs 8.03 and Diesel by Rs 8.14 to reach new historic high
Ministry of Finance announced the decision to hike petrol prices to new historic high in the wee hours of Friday and the...
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576
PM Imran announces Rs 120 billion welfare package to ward off economic woes
Prime Minister Imran Khan has announced the ‘biggest welfare package in Pakistan’s history’ worth Rs 120 billion for the masses. On Wednesday, Prime...
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1.0K
Brent crude oil will hit $90 per barrel by year end
Brent oil prices are likely to stay at higher levels and may hit $90 per barrel by end of this year, according...
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910
Car prices to rise by 5% starting November due to chip shortage, supply chain woes
Due to increased raw material costs, logistical challenges, and a chip shortage, manufacturers are planning to raise car prices soon, according to...
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691
Govt lowers edible oil price by Rs 45-50 per kg by reducing GST from 17 to 8.5%
Government on Monday cut general sales tax and customs duty by half and abolished two percent additional customs duty on edible oil...
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642
Prices of tomatoes, ghee, 22 other items hiked as inflation rate increased by 12.66%
Tomatoes, potatoes, ghee, and 22 other products including mutton, and liquefied petroleum gas (LPG) cylinders have seen price increases across the country,...
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1.1K
Petrol price crosses Rs 137 per litre after massive hike of Rs 10.49
The government on Saturday increased the price of petrol by Rs 10.49 per litre taking its price to Rs 137.79 per litre...
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808
Petrol price crosses Rs 127 as govt announces new rates for October
According to a notification from the Finance Division, the government hiked the price of petrol by Rs 4 effective October 1 due...
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660
Government to raise gas prices by up to 37 percent
The government’s proposed inverse gas tariff plan aims to significantly increase gas prices by up to 43 percent to partially offset the...
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801
40 kg wheat bag price increased by over 32 percent to Rs 1,950
Wheat issued price has increased by over 32 percent from Rs 1,475 to Rs 1,950 per 40 kg, announced Finance Minister Shaukat Tarin. He was...
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937
Diesel, petrol prices up by Rs 5 each for rest of September
The government raised petrol and diesel prices by Rs 5 per litre for the second half of the current month on Wednesday after a...
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1.1K
Petrol Price in Pakistan reduced by Rs 1.50 per litre
The Finance Division stated on Tuesday that the price of petrol in Pakistan will be reduced by Rs 1.50 starting on Wednesday,...
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729
Food import billing increased 22 percent in the month of July
The food import bill of the country grew by 22.24 percent to $647.036 million in July compared to $529.311 million of the...
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535
Inflation rate down to 8.4% from 9.7% in June
The inflation rate has slowed down to 8.4 percent in July, from 9.7 percent in June, on the back of a slight...
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2.1K
Pakistan new fuel prices for August 2021
Dr Shahbaz Gill, the Prime Minister’s Special Assistant on Political Affairs, stated on Friday that the fuel prices would be hiked by...
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710
Food inflation: Sugar, ghee and flour prices rise at utility stores
The price of food items at the utility stores has been increased, the Utility Stores Corporation has notified the new prices. The...
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838
Rising house rents prop up inflation in 2020-21
The State Bank of Pakistan (SBP) on Monday issued its Inflation Monitor for June 2021 declaring house rents as prime contributor following...
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1.2K
Govt approves Rs 5.40 per litre increase in petrol price
Government has decided an increase in per litre price of petrol by a whopping Rs 5.40 which will have a multiplier effect,...
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854
Petrol price goes up by Rs 2 per litre for July
The price of petrol have been increased by Rs 2 per litre and high speed diesel (HSD) price by Rs 1.44 per...
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635
Mills association say flour price likely to go up next month
Due to a spike in three taxes relating to the flour mining business in the fiscal budget 2021-22, the Pakistan Flour Mills...
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476
Consumer inflation eases slightly to 10.9 percent in May
Consumer inflation slightly eased to 10.9 percent in May from 11.1 percent in April, released by the Pakistan Bureau of Statistics (PBS). ...
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842
Food import bill increases by 53.93 percent in 10 months
The government has spent a big amount on the import of food items during the first 10 months of the current fiscal year. The items like...
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667
CCP probe reveals why chicken, egg prices went up in Pakistan
The Competition Commission of Pakistan (CCP) has disclosed that 19 poultry feed companies were engaged in “price coordination,” resulting in an increase...
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863
Inflation accelerates to 11.1 percent in Pakistan during April
April has seen a double-digit increase in prices of consumer items as inflation edged up to 11.1 percent from 9.1 percent in...
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793
Islamabad police fire tear gas at govt employees protesting for increase in salaries
Islamabad Police on Wednesday fired tear gas at government employees who were heading towards the Parliament House and demanding an increase in...
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711
Pakistan inflation at lowest level in two years
According to the report released by IM Securities, inflation in Pakistan was recorded at 5.7% in January, which is the lowest in...
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790
Punjab govt rules out “immediate threat” of sugar shortage
Punjab government has ruled out an “immediate threat” of sugar shortage in the province claiming that millers have adequate stocks with them...
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918
Petrol price hiked by Rs 3.2, diesel by Rs 2.95 for rest of January
The government on Friday increased the prices of petrol, high speed diesel, light diesel oil and kerosene oil by 3 to 6...
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710
Prices go up again: Sugar being sold for Rs 90-100 per kg
Sugar prices have again spiked across Pakistan, with sweetener rates increasing by Rs 5 per kilogram in two days, as reported on...
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1.6K
Average rate of the price hike, the highest in 8 years
In a report, issued by the statistical division, it was manifested that during the period of PTI government, the average rate of...
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832
Fruit, vegetable prices surge as shopkeepers ignore govt rates
The rates of fruit and vegetable have skyrocketed, despite the fact that government rates are forwarded to the shopkeepers on daily basis...
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926
IMF predicts 1pc GDP growth, warns stagflation in Pakistan
Despite the improvement in the GDP of Pakistan from negative to one percent, the price hike is expected to raise up to...
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1.2K
State Bank of Pakistan keeps policy rate unchanged at 7pc
On Monday, the State Bank of Pakistan decided to keep its policy rate unchanged at 7 percent in its new monetary policy....
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1.9K
Al-Haj FAW Bumps Up the Prices of its most selling vehicles
Al-Haj FAW has increased the prices of its most selling vehicles which include the XP-V, V2 and Carrier pickup. According to the...
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1.4K
CCP suggest reduction in govt role in fixing wheat support price
The CCP has suggested to the government that the policy of fixing wheat with minimum price is adding misrepresentation to the economy...
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1.1K
Sale of wheat to flour mills to start before time this year
The federal government has decided to start the sale of wheat to the flour mills from the already available stock with the...
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1.1K
PM directs chief secretaries to control prices of essential items
PM Imran Khan said that the objective of the reduction in prices of petrol and diesel was to give relief to the...
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2.6K
Flour prices shoot up as wheat crisis in Sindh deepens
As the shortage of wheat continues in Sindh the flour prices also spike and the crisis adds to citizen’s woes. Across the...
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1.0K
Inflation eases further to 8.2 percent in May
The consumer price index inflation rate slowed to 8.2 percent in May year on year in Pakistan. On Monday, the bureau of...
