Tag: prices
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Further reduction in naan prices by Punjab government
The Punjab government has set the new price of plain bread in the province at Rs 14, effective from tomorrow. Chief Minister Punjab Maryam Nawaz issued a statement on the reduction in the price of naan, stating that while the price of plain bread is fixed at 14 rupees in Lahore, prices in other cities…
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World food prices rise for first time in seven months: FAO
Global food prices rose in March, the first increase since July, pulled higher by cooking oil prices despite the cost of grains continuing to ease, the UN’s Food and Agricultural Organization said Friday. The FAO’s overall Food Price Index climbed 1.1 percent over the month to stand at 118.3 points in March 2024. On an…
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Weekly inflation in Pakistan remains stubbornly high at 45.72%
Despite coming down marginally, weekly inflation remains above 45 per cent and stood at 45.72 per cent on a year-on-year (YoY) basis for the week ended on 18th May 2023, showed data released by the Pakistan Bureau of Statistics (PSB) on Friday.
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Weekly inflation in Pakistan jumps to 41.07% due to edible oil, sugar prices
According to data provided by the Pakistan Bureau of Statistics (PBS) on Friday, edible oil, sugar, and vegetables helped drive the weekly inflation up to 41.07 percent on an annual basis. Sensitive Price Index (SPI) measurements of short-term inflation were still on the high side and would go up much more once customers start to…
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Inflation in Pakistan reaches nearly 50-year high, raising concerns for citizens
Pakistan’s inflation, as measured by the consumer price index (CPI), surged to a record-breaking 31.5 per cent in February, largely driven by steep price hikes in food, housing, and transportation groups. This concerning development was recently reported by the Pakistan Bureau of Statistics (PBS), and has heightened expectations of an increase in interest rates during…
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Chalo jee, roti, naan expected to be Rs16, Rs25 in Lahore
The Nanbai Association in Punjab’s capital city has hinted at increasing the price of naan and roti in the city, calling a meeting to determine the price. The prices of Roti and Naan are expected to increase by Rs2 to Rs3. According to details, Aftab Gul, the President of the Association, has said that the…
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Pak Suzuki discontinues Bolan’s AC variant after one year
Pak-Suzuki Motor Company (PSMC) will no longer sell the Suzuki Bolan’s AC variant. After almost 15 years, this variation was finally introduced last year, and tragically, its production will cease once again. The company’s decision to stop producing the AC variant of the Suzuki Bolan is a blatant indication that it has failed to pique…
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Annual inflation in Pakistan jumps to 38.63% after weekly increase of 0.82%
The sensitive price indicator (SPI) hit an annualised high of 38.63 per cent due to a lack of perishable goods brought on by severe rains, and weekly inflation increased by 0.82 per cent for the seven days ending August 4, 2022. The base for most cooked meals in the country is an onion and tomato. Onions…
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Hyundai-Nishat announces a hefty price hike following KIA
Hyundai-Nishat Motors raised the pricing of its Tucson variants by Rs1.1 million, citing the decline in the currency as the primary cause, following Lucky Motor Corporation’s price increases for its KIA-brand vehicles. After an increase of Rs1.1 million price increase for the c, the Hyundai Tucson FWD model is now offered for Rs6.89 million. The…
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Oil sales fell by 11 per cent as prices rose to highest levels
In June 2022, overall sales of petroleum and lubricants were 1.93 million tonnes, down 11 per cent from the previous month but unchanged from the previous year. Petrol and high-speed diesel (HSD) sales both experienced significant monthly declines, falling by 12 and 16 per cent, respectively. Sales of all oil products rose by 16 per…