Tag: Prices

KARACHI: A likely rise of eight percent in international coal prices due to supply concerns will encourage local manufacturers to raise their prices. Coal is an essential raw material in cement production. This rise comes at a time when there is a 12 percent monthly decline in domestic cement sales in November.
The international coal prices have shot up to $117 per tonne recently since December 1, due to supply concerns arising due to floods in Australia, the world's biggest

LAHORE: Punjab Minister for Food Chaudhry Abdul Ghafoor and Punjab Law Minister Rana Sanaullah on Monday assured the House that the government was committed to resolving all issues relating to price hike and law and order.
The ministers said this in separate speeches while winding up the 'General Discussions on Price Hike of Essential Commodities' and 'General Discussion on Law and Order' pending from the last session ending in the last week of October.
Sanaullah said the

LAHORE: Unexpectedly, high consumer count was witnessed at the Sunday Bazaars of the city and prices of vegetables and fruits decreased but it was yet another Sunday when customers could not get sugar due to its shortage. However, the price of chicken meat increased as compare to last week.
The chicken was sold for Rs 135 per kg thus an increase of Rs 7 per kg was seen. Last week, chicken meat was sold for Rs 128 per kg. The sales of chicken, vegetables and fruits remained

ISLAMABAD: The government is likely to once more increase the tariffs for power and gas and prices of petroleum products during the month of December, official sources told Pakistan Today on Monday.
The prices of petroleum products are likely to go up by Rs 3 to Rs 5 per litre for the month of December, sources said.
However, they said that the increase in international petroleum prices would be less this time, as compared to last month, when petroleum products' prices

LAHORE: The soaring prices of winter uniforms for provincial metropolis' schools and colleges have irked the parents. According to the information available with Pakistan Today, the prices of winter uniforms have increased by at least 20%.
The prices of sweaters, blazers, coats and track suits have gone up considerably as compared to those of the last year. Uniform shops owners have claimed that the prices are going up due to the overall rising inflation rate.
A student of

ROME: Global food import bills may cross the $1 trillion mark in 2010, says a new UN report, which warns that harder times could be ahead without a major increase in food production next year.
According to the latest edition of the Food Outlook report, released by the UN Food and Agriculture Organization (FAO), food import bills for the world's poorest countries are predicted to rise 11 per cent in 2010 and by 20 percent for low-income food-deficit countries.
"With the

LAHORE: The government has failed to control vegetable prices during Eid season, Pakistan Today has learnt.
Lahore Market Committee pricelists and a market survey show an increase in prices of tomato, onion, garlic, ginger, green chili and lemon. Vendors increased prices of much needed vegetables on Eid's eve by 25 percent, while lemon price increased by Rs 76 per kg. Imported Chinese lemon is being sold at Rs 80 to Rs 100 per kilogram in the retails markets or by the street

LAHORE: Prices of poultry products would surge by around 30 to 40 percent after imposition of reformed General Sales Tax (GST), stakeholders of the industry told Pakistan Today on Monday.
Though the government has exempted chicken and egg from the reformed GST, it did not grant relaxations on poultry feed, which would eventually augment the input cost of the poultry farmers, they added.
Prime Minister Yousaf Raza Gilani has granted a relaxation to the industry and

LAHORE: The Ministry of Water and Power on Monday announced a two percent hike in electricity rates, which will be applicable from November 1 onwards.
The electricity price notification issued by the Ministry of Water and Power will come into effect in November 2010 and the increased rate will be included in peoples' electricity bills for November. The new price hike will affect both domestic and industrial consumers.
The Ministry of Finance said the government was giving Rs

LAHORE: The prices of sacrificial animals in the city's nine cattle markets are expected to fall before Eid night, Pakistan Today has learnt.
The high prices and refusal of vendors to change price has kept cattle buyers way.
The result of this pattern has been that cattle sellers are increasingly desperate to sell off their cattle. The buyer abstention this year appears to have come as a surprise.
With sellers from outside Lahore want to go back to their homes before

LAHORE: Dried fruit prices are three times higher than last year. It is now a commodity beyond the reach of the common man. Shopkeepers engaged in the business of dried fruit are worried over the alarming rise in prices; their profits have shrunk as the number of customers has dwindled.
A survey conducted by Pakistan Today revealed that all main dried fruit markets in Lahore are witnessing an unprecedented ramping up in prices as winter fast approaches in the provincial capital

PESHAWAR: Skyrocketing prices of the cattle in Peshawar have prompted the people to rush to far-flung areas of Khyber-Pakhtunkhwa to buy sacrificial animals at lower prices.
Though Eidul Azha is approaching near, the sale of sacrificial animals in the city is still very low because the people are not interested in purchasing the animals at very high prices, Pakistan Today learnt during a survey on Thursday.
It is learnt that more than 90 per cent people, visiting the

LAHORE: Lahore High Court (LHC) Justice Sheikh Azmat Saeed will today (Friday) take up a petition challenging the unprecedented increase in sugar prices and the government's failure to form any regularity authority to check the sugar cartels and hoarders.
The LHC had earlier returned the petition stating that certified copies were not attached with the petition, after which the petitioner re-filed it along with all certified copies on Thursday. Petitioner's counsel Azhar Siddique

ISLAMABAD: The federal government had assured the Muttahida Qaumi Movement (MQM) that sugar prices would be brought back to their previous position within three days, Overseas Pakistanis Minister Dr Farooq Sattar said on Thursday.
He made these remarks in a press conference. "After our opposition to the Revised General Sales Tax (RGST) and Flood Surcharge bills in the federal cabinet's meeting, two cabinet members, Naveed Qamar and Hafeez Shaikh, held a meeting with us and

LAHORE: Sales of sacrificial animals have not gained momentum in the provincial capital so far due to their exorbitant prices. A market survey conducted by Pakistan Today revealed that the prices of sacrificial animals had increased by 55 to 66 percent when compared with the previous year's prices.
The survey, conducted at Johar Town and Bund Road animal markets, showed that the price of goats had witnessed the highest increase of around 60-66 percent, followed by the prices of

KARACHI: Delay in start of the sugarcane crushing season and hold up by the Trading Corporation of Pakistan (TCP) to sell sugar stocks have led to the unprecedented rise in the commodity's retail price across the country.
Sugar mills in Sindh were supposed to start crushing season in October, while those in Punjab were to begin it in November. The TCP also did not off-load the 400,000 tonnes of sugar in time, providing an opportunity to market forces to exploit consumers and

LAHORE: The price of white refined sugar has touched its highest point ever and is currently being sold for Rs 90-92 per kilogram in local retail markets. Sugar dealers blame mill owners are responsible for the sugar price hike, while Pakistan Sugar Mills Association (PSMA) claims that sugar price is escalating mainly due to poor government policies.
Sugar price data indicates that the price of sweetener has increased by Rs 9.5 per kilogram since October 1st; an increase of