Tag: Prices

In a major development just two days before the announcement of the next federal budget, the government announced on Wednesday deregulation of the prices...

The Oil and Gas Regulatory Authority (OGRA) has sent two proposals to the government for a revision in petroleum prices, recommending retaining the prices...

In an attempt to muster public support before presentation of the federal budget, Senior Federal Minister Chaudhry Pervaiz Elahi on Thursday ordered a reduction...

The federal cabinet meeting, scheduled to be held on Friday (tomorrow) would be given a presentation on the consumer price index in the country...

As per the usual routine thirteen Sunday Bazaars were set in the metropolis of Punjab. According to orders issued by the DCO, Senior Admin...

With the start of summer session, the prices of milk and yogurt have gone so high that a common citizen is unable to buy...

PIA will have to link oil prices with fuel surcharge as oil prices are beyond the control of the airline and are adding to...

Masses have strongly protested in various cities of the country against the current increase in price of petroleum products. According to media reports, people in...

With the people already reeling from prolonged power outages and an increase in the electricity tariff, the Oil and Gas Regulatory Authority (OGRA) recommended...

BEIJING - China and India reported higher-than-expected inflation readings on Friday, giving fresh ammunition to central bankers and investors alike who are worried about mounting price pressures in the global economy.
Consumer prices in the euro zone also picked up more than expected, while figures due later in the day from the United States are expected to show a similar trend, with the inflation rate still moderate but steadily rising, not least because of higher food and

LAHORE - The increase in prices of petroleum products helped vegetable and fruit prices to skyrocket at Sunday Bazaars. Prices of nearly all commodities including onions, potatoes, tomatoes, garlic, ginger, peas, lemon, green chillies, apples, guava, bananas and strawberry increased by Rs 4 to 20 per kilogramme.
Vendors said that transporters have increased fares due to which vegetable and fruit prices have also increased. Vendors said that prices of vegetables could increase

SAHIWAL - Commissioner Qazi Muhamad Ashfaq Qureshi has directed the price magistrates of the division to strictly monitor the prices of daily-use items to provide relief to the common men.
The exploitation of consumers by hoarders and wholesalers would not be tolerated, the commissioner warned. He added the display of price lists of all commodities would control their rates considerably.
He issued this warning while chairing a meeting in his office to monitor the prices of

LONDON - World oil price jumped this week to the highest levels since 2008, driven by Middle East supply fears and a weak dollar, while safe-haven gold hit a record as Portugal sought an EU bailout.
Other stand-out performances included tin, which enjoyed an all-time pinnacle on the back of stretched global supplies, and silver which scored
another 31-year peak.
Strong support came from the struggling greenback, which makes dollar-priced commodities cheaper for buyers

ROME - World food prices fell for the first time in eight months in March after record highs largely due to oil prices, though the situation remains volatile, the UN's food agency said on Thursday.
The Food and Agriculture Organisation's Food Price Index dropped to an average 230 points in March, down 2.9 percent from its peak in February, but still 37 percent above March 2010, the Rome-based agency said.
"The decrease in the overall index this month brings some welcome

KUWAIT CITY - The Kuwait Petroleum Corporation (KPC) CEO Faruk Al-Zanki said, on Monday, that unrest in the Mideast and North Africa has lifted oil prices by around 20 percent.
Zanki said on the sidelines of an oil and gas summit that oil prices would hike further if the turmoil covers all over Middle East - that houses several of the world's main oil exporters. Earthquake in Japan also helped lift prices, said Zanki, who opened the two day summit with Venezuelan former Energy

KARACHI - Karachi Administrator Fazlur Rehman assured representatives of consumer associations on Sunday that the city government will take their viewpoint into consideration while making any decision on the rates of milk items.

KARACHI - If international oil prices sustain their current trend, the federal government which is passing on the impact of the price hike of oil in international markets to the local consumers gradually, will miss the petroleum levy (PL) collection target, set at Rs 110 billion, by Rs 63 billion.
Furthermore, though inflationary in nature, the recent petroleum oil price hike, analysts believe, would help the cash strapped federal government protects the fragile fiscal space.