Tag: essential items
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Weekly inflation rises 1.28% as essential food items, fuel costs surge
In a challenging economic climate, food prices in Pakistan have surged, forcing consumers to purchase essential items at elevated costs.
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Pakistanis catch a break as weekly inflation hits 18-week low
Short-term inflation in Pakistan dipped to 29.06 per cent year-on-year by the week ending March 21, stepping down from its prolonged stint above 30 per cent for the past 18 weeks, as per recent official data.
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Over Rs6.4 billion allocated for Ramzan subsidies: Essential items to be available at reduced rates
The government has earmarked Rs6.484 billion to provide essential food items at subsidised rates through the Utility Stores Corporation (USC) during the holy month of Ramzan.
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Utility Stores to implement Rs7.492 billion relief package ahead of Ramzan
The federal government is set to implement the Ramzan Relief Package, totaling Rs7.492 billion, through the Utility Stores Corporation (USC) starting March 4, 2024. This initiative aims to provide relief to targeted beneficiaries by offering subsidies on 19 essential items.
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PM Kakar calls for reduction in prices of essential items and services after petrol price cut
On Monday, Caretaker Prime Minister (PM) Anwaar ul Haq Kakar called upon the chief ministers to take decisive action in lowering the prices of essential goods and services in response to a significant reduction in fuel costs.
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Pakistan’s inflation expected to rise due to policy decisions and economic uncertainty, warns Finance Ministry
Finance Ministry has warned that inflation in Pakistan is set to rise further due to a second-round effect of policy decisions made earlier this year to raise energy and fuel prices, the central bank’s policy rate, and the depreciation of the rupee to secure IMF funding. The recent political and economic uncertainties in the country…
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Unchecked overcharging: Shopkeepers set their own rates for essential items during Ramzan
At the start of Ramzan, prices of essential food items have witnessed an uncontrolled surge, with little intervention from the authorities concerned. Shopkeepers are selling essential food items at their desired rates instead of selling at government-announced rates. A recent survey of markets in Peshawar reveals an alarming increase in prices of food items, which…
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Govt lifts import ban on luxury goods with heavy duties
On the recommendation of the International Monetary Fund (IMF), the Federal Minister for Finance and Revenue, Miftah Ismail, announced lifting of the ban on the import of luxury and non-essential goods on Thursday. He added, however, that the Regulatory Duties (RDs) would be increased significantly to deter the import of such items. “It is requirement…
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Government will soon lift the import ban on certain items
The government will lift the import ban on some items in the upcoming weeks, according to Finance Minister Miftah Ismail, but restrictions for cellphones, cars, and home appliances will remain in place. He stated that the Commerce Ministry has sent a summary to the federal cabinet for removing restrictions on the import of non-essential and…