Tag: Prices

KARACHI - With the government having failed to check milk prices in the city, the per litre price of yoghurt has also surged by nine rupees, Pakistan Today has learnt. With mercury rising in Karachi, demand for yogurt has increased amid increased use for consumption, cooking, and even making Lassi.
On Wednesday, however, milk sellers had started charging as high as Rs 89 for a kilo of yoghurt from ill-informed consumers. Milk retailers had recently increased the per litre price

LAHORE - The increase in Federal Excise Duty (FED) by 150 percent to 2.5 percent on items already subjected to one percent duty would further surge automobile prices in Pakistan. The special excise duty has been levied to generate additional revenue in three months. This move will further burden buyers of locally manufactured automobiles as manufacturers will be forced to raise prices.
Indus Motor Company (IMC) has announced that, following the government move; price of Corolla

ISLAMABAD - Poultry farmers, concerned over increasing feed prices, said that a large number of farms are being closed - rendering hundreds of workers jobless. "We consider this an unbearable cost and sheer injustice as in poultry - the return is too little, while there is hardly any attraction for investments to operate the same on large scales," Adil Chaudhry, a poultry farmer told APP on Saturday. He said that poultry feed, by its quality and price, is the major factor in

OSLO - Leaps in food prices linked to drought in Brazil or floods in Australia may be a foretaste of ever greater shocks to be caused by climate change, according to a commission named on Friday to find ways to fix the problems. The international group of 13 experts will try to come up with ideas in the next 10 months to help agriculture cope with global warming, blamed by the U.N. panel of climate experts mainly on mankind's emissions of greenhouse gases.
John Beddington,

LAHORE - The private publishers have increased the prices of outsourced textbooks from 57 to 257 percent, Pakistan Today has learnt. The increase in prices serves as a reminder to the government to take notice of corruption of private mafia and faultiness in Textbook and Learning Material Policy (TLMP) that is barring education for the poor.
PARENTS, TEACHERS CONDEMN: Parents and students condemned the authorities; the Punjab government and the Punjab Textbook Board (PTB), for

KASUR - Kasur District Coordination Officer (DCO) Malik Jahanzaib Awan held a meeting to review the prices of consumer goods in the district. The DCO said that hoarding and price hike were serious problems faced by the masses. He directed the authorities concerned to chalk out a comprehensive plan for providing maximum relief to the masses. He warned shopkeepers to sell their products at the fixed price otherwise a strict action would be taken against them. He appealed to the people

LAHORE - Consumers are still purchasing sugar at inflated prices despite an overall reduction. Millers and farmers accuse each other for higher prices, Pakistan Today has found on Tuesday. The millers stated that they are buying sugarcane at very high price and as a result the prices of sugar are high while the farmers claim they are being paid a very low price for their produce and stress there is no justifiable reason that sugar prices are still so high. Sugar is being sold for Rs

KARACHI - Local refineries are still taking advantage of higher oil prices primarily due to a 7.5 percent deemed duty on High Speed Diesel (HSD). The deemed duty is fixed in percentage terms, however, it varies in absolute terms on fluctuating international oil prices. The deemed duty on diesel (HSD) has hit a 30-month high, reaching $9.0 per barrel. This could inflate further incase oil prices remain firm. If this happens, National Refinery Limited (NRL) and Attock Refinery Limited

KARACHI - Pakistan's annual consumer price inflation was likely at 14.10 percent in February, as food prices remained low and the government was absorbing most of the impact of higher world oil prices, a Reuters poll shows. A higher base effect from last year also likely helped a marginally slower rise in the consumer price index (CPI) in February, after it rose 14.19 percent in January from a year earlier.
"It seems that the government's and the central bank's patience with the

LAHORE - Despite last week's increase in petroleum prices, vegetable prices remained stable while fruit prices rose at Sunday bazaars. Vendors said they were nticipating a possible price increase next week. They also said that sales increased due to first Sunday of the week and less prices. Vegetable vendors said vegetables prices were stable due to better supplies from the farms. Green Town Sunday bazaar vegetable seller Muhammad Akram said, "Increases in petroleum prices do increase

HAFIZABAD - The Kitchen Garden Project is Punjab government's revolutionary step to increase vegetables' production as well as provision of cheap vegetables to the consumers. Punjab Kitchen Garden Project Director Asghar Khan said this while addressing a seminar held at Hafizabad.
He said the objective of introducing this project was not only to create a new trend of growing vegetables at domestic level but also to provide cheap vegetables to the people of the province. At least

NEW YORK - World crude oil prices slipped Thursday as investors digested Venezuela's proposal for averting civil war in Libya. Benchmark WTI light, sweet crude oil for April delivery dipped 32 cents to close at $101.91 a barrel on the New York Mercantile Exchange. In London, Brent North Sea crude for delivery in April, shed $1.56 to settle at $114.79 a barrel.

KARACHI - Following a day of hectic negotiations in Karachi between the Pakistan People's Party (PPP) and the Muttahida Qaumi Movement (MQM), the government announced a 50 percent reduction in the recent increase in prices of petroleum products late on Thursday night.
"The increase in prices of petroleum products now stands at five rupees, and a notification would be issued on Friday after formal approval from Prime Minister Yousaf Raza Gilani," Federal Finance Minister Dr Hafeez

ISLAMABAD - The recent petroleum price increase has been challenged in Islamabad High Court (IHC). The President of Human Rights Association of Pakistan, M Kokab Iqbal on Thursday filed a writ petition against the recent increase in petroleum and Compressed Natural Gas (CNG) prices. The petitioner contended that the government's decision regarding increase in POL prices was against the article 9 of the constitution.
He said that instead of controlling corruption the government

LAHORE - The Lahore High Court (LHC) sought on Thursday a reply within two weeks from the government and the Oil and Gas Regularity Authority (OGRA) chairman on a civil miscellaneous application against the recent increase in petroleum prices.
Justice Sheikh Azmat Saeed passed the order on the application, filed by Pakistan Consumer Rights Forum Secretary Muhammad Hanif Goraya through his counsel Mateenul Haq Chaudhry, into an already pending main writ petition on the matter.