The price of milk at Karachi in fiscally-stressed Pakistan shot up to 10 per litre after the city’s commissioner approved a hike, acceding to the demands of the Dairy Farmers Association, ARY News reported. As per the commissioner’s directives, the price of milk has surged by PKR 10 per litre, with shops in Karachi now … Read more
Pakistani shopkeepers close their businesses during strike against inflation in Lahore, Pakistan, on September 02, 2023. They protested the soaring cost of living, including higher fuel and utility bills and record depreciation of the rupee against the dollar. | Photo Credit: AP Thousands of Pakistan traders shuttered their shops on Saturday, striking over soaring energy … Read more
Motorcyclists ride over a pedestrian bridge near a roadside bazaar in Islamabad on May 2, 2023. | Photo Credit: AFP Pakistan consumer prices rose a record 36.4% in the year to April, the highest inflation rate in South Asia, up from March’s previous record of 35.4%, the statistics bureau said on Tuesday. Pakistan’s rural areas … Read more
An employee of a petrol station updates the latest fuel prices on a board in Karachi on February 16, 2023, after a hike in prices of petroleum products by the government. | Photo Credit: AFP Pakistan’s National Assembly on Tuesday, February 21, 2023, unanimously passed a money bill aimed at raising tax revenues to fulfil … Read more
Inflation in the crisis-hit Pakistan has hit another high. The yearly inflation hit a new high of nearly 40 per cent this week. The inflation surged to 38.42 per cent this week in cash-strapped Pakistan as hike in the prices of essential commodities continued to rise. Pakistan is trying hard to contain inflation in the … Read more