Tag: decrease
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Pakistanis buying 47% fewer cars due to rising prices
Despite an increase from month to month in October, the total number of cars sold fell by 47 per cent to 39,700 units in 4MFY23 from 74,952 units as a result of increased prices, restrictions on auto financing and part imports, and high interest rates. However, the number of cars sold in October increased to…
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Pakistan’s current account deficit shrinks to $1.2 billion, reflecting decline in imports
According to figures provided by the State Bank of Pakistan (SBP) on Wednesday, Pakistan’s current account deficit (CAD) decreased to $1.2 billion in July from $2.2 billion in June, reflecting a 45.45 per cent month-over-month decrease. The SBP ascribed the dip to a significant reduction in energy imports and ongoing moderation in other imports. “The…
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Petrol price reduced by Rs18.50 per liter, Diesel by Rs40.54 per liter
In an attempt to provide relief to the masses and share the advantages of falling crude prices on the global market, the price of petrol has been slashed by Rs18.50 per liter. The price reductions for petroleum products were announced by the Prime Minister, Shehbaz Sharif, in an address to the nation. Diesel will now…
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Petrol, Diesel prices to remain unchanged till April 15
The government has decided to maintain the existing prices for petroleum products for the fortnight. Petroleum prices will remain unchanged from April 1 to April 15, as per a statement released by the finance division. Petrol is currently priced at Rs149.86 per liter, while diesel, kerosene oil, and light diesel are priced at Rs144.15, Rs125.56,…