Tag: inflation
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Pakistan’s inflation drops to 6.9%, lowest since January 2021
Pakistan’s inflation has dropped to lowest level since August 2021, according to latest data released by the Pakistan Bureau of Statistics (PBS).
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Pakistan’s inflation expected to drop to as low as 9% by September 2024: Finance Ministry
Pakistan’s headline inflation is expected to ease further in August 2024, settling between 9.5 per cent and 10.5 per cent, with a continued downward trend anticipated in the coming months, according to the Finance Division’s statement on Friday.
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Rubina Ashraf is better at saving money than we are
Rubina Ashraf is not just one of the most talented actresses to have ever graced Pakistani silver screens but also one of the smartest.The veteran star has revealed her financial acumen in a recent interview and all we can say is, she is so much better at saving than we are. ‘Hasna Mana Hai’ host…
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Inflation has eroded purchasing power of Pakistanis: Bloomberg
A recent Bloomberg report reveals that Pakistan is facing the highest inflation rate in its region.
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Inflation increases again after short respite
The weekly inflation rate in the country has risen again, according to the Bureau of Statistics. Data indicates that the inflation rate has increased by 0.30 per cent, raising the annual inflation rate to 17.96 per cent. The report shows that prices for 23 items rose, while prices for seven items fell during the week,…
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Vegetable, fruit prices soar by 150 per cent amid strikes, sit-ins
The prices of vegetables and fruits have increased by 150 per cent as strikes by trade organisations and sit-ins by political parties in the country take hold. Roads in Balochistan have been closed since the past four days to impede the Baloch Yakjehti Council from holding a large gathering in Gwadar, hindering goods-carrying vehicles. Consequentially,…
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Petroleum minister confirms gas prices will remain unchanged, highlights falling inflation
In a recent press conference, Minister for Petroleum Musadik Malik announced that the federal government has decided to keep gas tariffs unchanged. He confirmed that consumers will not experience any increase in gas prices. Malik highlighted that the government’s economic policies are beginning to yield positive results. He reported a substantial reduction in food inflation,…
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IMF predicts modest 3.5% growth for Pakistan amid global economic uncertainty
The International Monetary Fund (IMF) has forecasted a 3.5 per cent growth rate for Pakistan’s economy in the fiscal year 2024-25 (FY25), slightly below the government’s target of 3.6 per cent.
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Consumers not receiving electricity units at basic rate: Court hears petition
The Lahore High Court has issued a written order for the previous hearing of a petition filed against the imposition of protective and non-protective tariffs on electricity consumers. The Supreme Court ordered the public prosecutor to appear with instructions at the next hearing. The written order said that according to the petitioner, tariffs related to…
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Milk prices in Karachi higher than cities in France, Netherlands, Australia
Milk has become more expensive in Pakistan as compared to many countries of the world, Bloomberg has reported. According to the report, the price of boxed milk in Pakistan is 370 rupees per liter, while the same milk is available in Paris, the capital of France, for 342 rupees per liter. The price of milk…