Tag: shortage
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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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Nepra approves price increase of Rs9.66 per unit for Karachi
On account of the fuel cost adjustment (FCA) for May 2022, the National Electric Electricity Regulatory Authority (Nepra) allowed K-Electric to increase its power rate by Rs9.66 per unit on Monday. According to Aaj News, Nepra will make the announcement following careful consideration. In order to transfer the financial burden of Rs22.65 billion to consumers…
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More than 40 life-saving drugs short in Pakistan
Due to the imposition of GST, the pharmaceutical industry is no longer importing raw materials, resulting in a shortage of 40-50 life-saving drugs. Mansoor Dilawar, Chairman of the Pakistan Pharmaceutical Manufacturers’ Association (PPMA), stated that 40 to 50 medicines are in short supply and that the number will soon exceed 100. According to Brecorder, the…
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Pakistan pushed into darkness due to Europe’s decision to cut off Russian fuel
The European attempt to abandon Russian oil is intended to punish Moscow for its invasion of Ukraine. It’s also wreaking havoc thousands of miles away, throwing Pakistan into darkness, destabilising one regime, and jeopardising the country’s new leadership’s stability. According to Bloomberg, Pakistan invested heavily in liquefied natural gas and inked long-term contracts with Italian…
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Energy sector to get a massive portion of the Rs699 billion subsidy
The government has proposed allocating Rs699 billion to multiple sectors in order to provide relief to the masses during the new fiscal year 2022-23. According to budget estimates, the government plans to boost subsidies by Rs17 billion to Rs699 billion for the next fiscal year, up from Rs682 billion in the previous fiscal year. The…
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Two-day weekend approved for govt employees
The federal cabinet okayed a two-day weekend for government personnel on Tuesday, but no decision on early market closure could be made. The meeting was hosted by Prime Minister (PM) Shahbaz Sharif, during which methods to limit loadshedding, which has increased in recent weeks, were reviewed. The meeting was unable to reach a consensus on…
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Energy crisis worsens, electricity gap surpasses 7,000 megawatts
The demand for electricity in Pakistan has risen to 28,200 megawatts due to the hot weather, while the supply is only 21,200 megawatts, resulting in a power shortfall of nearly 7,000 megawatts. According to well-placed sources, the country currently gets 4,635 megawatts of energy from hydropower, 1,060 megawatts from government thermal power plants, and 9,677…
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OCAC warns of petrol supply shortages due to roadblocks
Oil Companies Advisory Council (OCAC) said that oil marketing companies are supplying fuel to retailers but the deliveries are being slowed owing to road blockages in Punjab’s major cities, which could affect deliveries to filling stations. It warned provincial authorities in Punjab that the road blockades have severed connectivity between major cities and neighboring areas,…
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Global oil prices rise amid supply concerns
Oil prices increased on April 20, swamped by fears about tightening supply as the European Union (EU) considers a possible ban on Russian oil imports, which would further impede global oil commerce. After reaching a high of $109.80, Brent oil futures finished up $1.53 to close at $108.33 a barrel. After earlier reaching a high…
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Lahore continues to face gas and power outage in Ramzan
People in several localities of Lahore have complained of substantial pressure reduction as well as unannounced power cuts, bringing the natural gas and power shortages back in the holy month of Ramzan. On Friday, customers reported that natural gas load shedding had resumed in the city, making cooking at home difficult. Natural gas pressure only…