ISLAMABAD: The Caretaker Minister for National Food Security and Research, Dr. Kausar Abdullah Malik, affirmed Pakistan’s substantial wheat supply, indicating the country’s readiness to export key food items like wheat and rice. He stated that there would be no need to import wheat as sufficient stock will be available following the bumper crop in … Read more
Major decreases were observed in the prices of potatoes, tomatoes, vegetable ghee, cooking oil, eggs etc People buy dry fruits at a market in Karachi, Pakistan February 1, 2023. — Reuters Weekly inflation rises by 0.37% in week ending Dec 28. SPI increases to 43.25% YoY as compared to 42.6% last week. Major decreases observed in … Read more
The picture shows a worker at a gas station fuelling a motorcycle tank. — APP/File Petrol price to hold steady in next review. Diesel rate to increase from Januray 1. Next fortnightly review due tomorrow. KARACHI: The prices of petroleum products will not see any major change with diesel rates expected to go up … Read more
ISLAMABAD: The year 2023 brought unprecedented pain to consumers as energy prices went sky high with no imminent relief in sight. The government jacked up prices of electricity, oil and gas to historic highs, fuelling a wave of inflation that sent prices of goods, particularly food items, soaring. To add to the woes, the … Read more
Official data from the Pakistan Bureau of Statistics reveals that short-term inflation for the week ending on December 28 has increased to 43.25%, primarily influenced by a significant rise in gas rates. This marks the seventh consecutive week with weekly inflation above 41%. On an annual basis, notable increases were observed in the prices … Read more
KARACHI: The economic landscape of Pakistan has faced unprecedented challenges throughout fiscal year 2022-23, as outlined in the ‘Governor’s Annual Report 2022-23’ presented by the State Bank of Pakistan’s (SBP) Governor, Jameel Ahmad, on Friday. The comprehensive report not only delves into the challenges faced by the country but also lays out strategies to … Read more
German consul says it is unclear whether Volkswagen would pursue the project further in Pakistan or not View to the depot tower of German carmaker Volkswagen’s electric ID. 3 car in Dresden, Germany, June 8, 2021. — Reuters Volkswagen was unable to bring necessary machinery. Automaker yet to decide how to pursue this project. Premier … Read more
The State Bank of Pakistan (SBP) introduced ‘Sunwai,’ a dedicated customer complaint service portal and app. The service aims to streamline the complaints process for banking customers against Banks, Microfinance Banks (MFBs), and Development Financial Institutions (DFIs) operating in Pakistan. ‘Sunwai’ serves as a one-window operation, providing banking customers with a platform to register … Read more
Robot sunk its metal claws into worker’s back and arm leaving an “open wound” on his left hand A general view of the Tesla gigafactory in Austin, Texas, US, February 28, 2023. — Reuters Witnesses were left horrified when a Tesla engineer was fatally mauled by a robot during a “violent” malfunction at the … Read more
ISLAMABAD: As the calendar flips to 2024, consumers are bracing themselves for yet another blow to their household budgets. The National Electric Power Regulatory Authority (Nepra) has signalled a potential surge in electricity prices, with a proposed increase of up to Rs4.66 per unit in the electricity bills for January 2024. This anticipated hike, … Read more