Tag: Price Surge
-
Inflation edges higher as weekly SPI indicates increase in prices
According to the Weekly Sensitive Price Indicator (SPI) released by the Pakistan Bureau of Statistics (PBS), the Combined Group’s SPI increased by 0.04 per cent during the week ending February 22, 2024.
-
24 karat gold price surges by Rs800 per tola, silver takes a dip
In a notable shift in the precious metals market, the per-tola price of 24 karat gold in Pakistan witnessed an increase of Rs800, reaching Rs213,200 on Saturday. This rise is compared to its previous sale at Rs212,400 on the last trading day.
-
OGRA approves massive gas tariff hike for SNGPL, SSGC consumers
In a move to address the fiscal challenges faced by Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGC), the Oil and Gas Regulatory Authority (OGRA) has granted approval for a noteworthy increase in gas tariffs.`
-
Price Monitoring Committee responds to alarming spike in food prices
In response to the surge in food prices, the Food and Industries Departments of Punjab, Sindh, and KP have jointly implemented robust monitoring measures, including heavy fines, surprise raids, and the sealing of establishments engaging in price gouging.
-
Cost of living rises in Pakistan: Weekly inflation jumps by 0.81%
In a recent report by the Pakistan Bureau of Statistics (PBS), the Weekly Sensitive Price Indicator (SPI) for the Combined Group witnessed a marginal increase of 0.81 per cent Week on Week (WoW), concluding on January 04, 2024.
-
December inflation may surpass 30% due to gas price hike
In December, inflation is expected to surpass the 30 per cent threshold, driven by the recent increase in gas prices.
-
Gold prices surge in Pakistan: 24-karat soars to Rs217,600 per tola
The price of 24-karat gold per tola witnessed a surge, rising by Rs400 and reaching Rs217,600 on Tuesday, as compared to its previous closing at Rs217,200.
-
OGRA notifies major gas price hike for November
The caretaker government’s decision to implement a gas price increase of over 172 per cent for non-protected domestic consumers has left many shocked and outraged.
-
NEPRA announces increase in electricity tariff, impacting November bills
In yet another unsettling development for power consumers already burdened by rising costs, the National Electric Power Regulatory Authority (NEPRA) has announced an increase of Rs0.40 per unit in the electricity tariff.
-
IMF should help Pakistan uphold right to electricity, says HRW
For the past week, Pakistan has witnessed extensive protests against the recent surge in electricity prices. In several cities, these protests escalated into violence.