Tag: Inflation

Cabinet wants Shehbaz to resign as PAC chief on ‘moral grounds’

--Fawad Chaudhry says NA Opp leader trying to 'save' certain lawmakers from NAB probe --Says govt to conduct external audit of inflated gas bills, form...

Inflation rate accelerates to 7.19% in Jan 2019

ISLAMABAD:  The Consumer Price Index (CPI) based inflation increased by 7.19 percent on a year-on-year basis in January 2019 as compared to the same...

No, food inflation has not risen to 20% in Pakistan

An online report by a Pakistani broadcaster claims that basic food inflation has risen to 20 per cent in Pakistan resulting in “severe consequences”...

Devaluation ‘inevitable’, govt says after rupee falls to historic low

--Rupee drops to lowest value ever against US dollar at Rs144 in intra-day trading before SBP intervenes to raise it to Rs136.5-137.5 at market...

Shah seeks govt’s response over record surge in dollar rate

ISLAMABAD: Pakistan People’s Party (PPP) senior leader Syed Khursheed Shah on Wednesday said the current economic situation of the country was ‘very serious’ with...

Election candidates spent 10 times higher than ECP’s set limit

Politicians say forced to spend more than ECP’s prescribed Rs4m due to inflation ISLAMABAD: As the Punjab Information Technology Board (PITB) reported massive violations...

80pc Pakistanis affected by food inflation: WB

ISLAMABAD: As many as 80 per cent Pakistanis are affected due to the food inflation because the daily income of more than 80 per cent...

Consumers to pay 47.16 billion in taxes on petroleum products

LAHORE: Soaring inflation in the country has been a major problem for the residents but the recent hike in petroleum prices has been treated by...

Inflation hit people find little respite in Landa Bazaars

LAHORE: Traditional ‘Landa Bazaars’ have become out of the reach of the people living below the poverty line in the city just before the start...

Pakistan inflation eases to 3.7% in December

Pakistan’s annual inflation rate eased to 3.70 per cent in December from 3.81 per cent in November, the Bureau of Statistics said on Monday. On...

Govt to launch crackdown against tandoor mafia

Provincial Minister for Food, Bilal Yaseen has directed the district administration to launch a crackdown against tandoor mafia for overcharging of Naan and Roti. He expressed...

Weekly inflation increases by 0.21 per cent

    The weekly inflation for the week ended on August 18 for the combined income group witnessed an increase of 0.21 per cent as compared...

CPI clocks in at 4.12% year-on-year in July

    Consumer Price Index (CPI) inflation for the month of July 2016 stood at 4.1 per cent year-on-year (YoY), which is a 19-month high and...

Unable to absorb inflation, many pharmacies halt production of TB drugs

Pakistani pharmaceutical firm Schazoo Zaka still producing TB drugs with little or no margin The stoppage of production of tuberculosis drugs by multinational pharmaceutical companies...

CPI inflation remains below expectations at 3.2%

  The country’s Consumer Price Index (CPI) clocked in at 3.2 per cent year-on-year (YoY) during 11 months of the current fiscal year compared to...

Senators, MNAs give themselves 500% salary raise

Salary to be increased from Rs 80,000 to over half a million, including perks, allowances and office maintenance