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inflation in Pakistan

Federal Bureau of Statistics reports slight rise in inflation for June

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Federal Bureau of Statistics reports slight rise in inflation for June

 The Federal Bureau of Statistics has published its latest monthly inflation report, revealing a modest increase of 0.23% in overall inflation for June compared to May.

The report highlights divergent trends across urban and rural areas. Urban centers experienced a marginal monthly inflation increase of 0.08%, bringing the urban inflation rate to 3%, while rural regions saw a more substantial rise of 0.47%, pushing rural inflation to 3.58%.

Prices of essential food items such as tomatoes, potatoes, onions, eggs, jaggery, rice, wheat flour, sugar, fresh fruits, and milk have continued to climb. Conversely, prices for chicken, fresh vegetables, mustard oil, pulses, and cooking oil have decreased, offering some relief to consumers.

The Bureau emphasizes that these fluctuations reflect ongoing changes in market dynamics and seasonal factors.

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Shehbaz vows further relief as inflation slows at lowest in last four years in Sept

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Shehbaz vows further relief as inflation slows at lowest in last four years in Sept

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Tuesday expressed his satisfaction at the slowing down of price hike which now clocked in at the lowest 6.9 percent when compared with runaway digits in the last 44 months. The prime minister lauded the government’s economic team for capping the headline inflation which now clocked in at … Read more

Pakistan’s Weekly Inflation Declines for Fourth Consecutive Week

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Pakistan’s weekly inflation drops by 0.81 pc

The Sensitive Price Index (SPI)-based inflation for the week ending September 5, 2024, saw a decrease of 0.15 percent, marking the fourth decline in the past four weeks. According to data released by the Pakistan Bureau of Statistics (PBS) on Friday, out of 51 items, the prices of 19 items (37.25 percent) rose, 13 items … Read more

Inflation in Pakistan further slashes to 11.1pc in July, claims PBS

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Inflation slashes further to 11.1pc in July, claims PBS

ISLAMABAD: The Consumer Price Index (CPI)-based inflation decelerated to 11.1 percent during the month of July 2024 as compared to 12.6 percent recorded during June 2024, Pakistan Bureau of Statistics (PBS) reported on Thursday. According to PBS data, the CPI based inflation during the same month of last year (July 2023) was recorded at 28.3%. … Read more

New records of inflation set in Pakistan during current year

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Inflation in Pakistan

New records of inflation have been set during the current year in Pakistan. All food items of daily use including flour, chicken, meat, eggs, pulses, potatoes, onions, tomatoes became expensive. In one year, the price of a 20kg bag of flour increased to Rs 800, Institute of Statistics said in a report. The rate of … Read more

Prices of food items fall: PBS

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World food prices

ISLAMABAD: The prices of food items went down during the week in comparison with the previous week, according to the Pakistan Bureau of Statistics (PBS) data released on Friday. The food commodities that observed a reduction in prices on a week-on-week (WoW) basis included potatoes and tomatoes, the prices of which declined 15.52 per cent … Read more

Dollar price should be controlled, according to the ex-president of FPCCI

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Dollar

The value of the dollar should be controlled and unnecessary imports should be banned, said the President of UBG.

Zubair Tufail, former president of FPCCI and president of United Business Group, has said that the devaluation of the rupee against the dollar has led to imports and the gap between exports is widening and immediate action should be taken, the situation could become alarmingly dangerous.

Zubair Tufail said in a statement that the rupee’s rise to Rs 167 against the dollar would lead to a storm of inflation in the country and food prices would skyrocket, making the livelihood of the poor and middle class more difficult while the trade deficit. It is feared to grow to alarming proportions.

Zubair Tufail appealed to Prime Minister Imran Khan to take immediate action realizing the gravity of the situation as the appreciation of the dollar has led to fears that the rupee will depreciate further which will affect not only national security but also the economy.

If Prime Minister Imran Khan does not solve this problem, Pakistan’s sovereignty will be endangered, the country’s debt will increase sharply, and therefore it is necessary to control the value of the dollar and unnecessary imports.

The government should take steps to curb unnecessary imports on an emergency basis. In this age of inflation, it has become inevitable to stop the value of the dollar in one place. The people of Pakistan cannot afford further inflation.

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PM approves wheat Support Price Increase to Rs. 1800 per maund

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PM Imran Wheat

Prime Minister  (PM) Imran Khan on Saturday has approved an increase of wheat support price per 40 kilograms. According to the sources, Imran Khan has approved an increase of Rs 150. Now The support price of wheat has been increased from Rs. 1650 to Rs. 1800 per 40 kg. Sources said that after increasing the … Read more

Inflation continues to decline in Pakistan: Asad Umar

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Asad Umar

Minister for Planning and Development Asad Umar says inflation continues to decline in the country.

In a tweet on Sunday, he said during current month inflation on Consumer Price Index is down to 5.7 percent, while the Core Inflation is at 5.4 percent.

Asad Umar said prior to PTI government formation, in July 2018, the Cosumer Price Index was 5.8 percent while core was 7.6 percent, indicating that the rate of inflation is lower today than prior to the PTI government.

Earlier, Asad Umar had stressed on maintaining the momentum of China-Pakistan Economic Corridor (CPEC) projects and following the timelines for their early completion.

He had said CPEC is a priority project for enhancing Pak-China economic cooperation.

The forum reviewed the progress on various projects undertaken by the Working Groups under CPEC.

The meeting was briefed on the overall progress of CPEC projects in Industrial Cooperation, Energy, Infrastructure, Gwadar, Science and Technology, Socio-Economic Development, Agriculture, Transport and Communications and issues faced in the implementation of these projects.

The committee also emphasized that unresolved inter- ministerial issues should be brought before the Cabinet Committee on CPEC directly by the respective Ministries along with recommendations for their resolution.

The committee noted that significant progress has been achieved on various projects.

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“We’ll bring inflation under control”, says PM Imran

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Imran Khan revenue

Prime Minister Imran Khan says Pakistan will soon witness a major control in inflation as the country’s Sensitive Price Index shows a decline for second consecutive week. In a tweet on Saturday, the premier wrote, “Our Sensitive Price Index shows a decline for 2nd consecutive week, in contrast to the situation in other parts of … Read more

Pakistan’s economy is recovering faster than any other country: PM Khan

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Imran Khan revenue

Prime Minister Imran Khan has said that Pakistan’s economy is currently moving towards recovery than any other country in the sub-continent on Friday. According to details, in a message on a social networking site, Twitter, the Prime Minister of Pakistan, Imran Khan has said that Pakistan’s economy is improving. “Pak moving towards economic recovery faster … Read more

Inflation continue drifting to new heights in Pakistan during PTI tenure

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Govt Decides To Allocate Rs6.37 Billion For Ramadan Relief Package

Inflation has drifted to new heights in Pakistan throughout most of the two-year tenure of the Pakistan Tehreek-e Insaf (PTI) government. Despite the fact that Prime Minister Imran Khan vowed not to spare the mafia as he passionately called out those involved in inflation, the prices of food items in the country are touching the … Read more

Hamza Shahbaz criticizes government for increasing drug prices

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Hamza Shahbaz press conference

On Monday, Hamza Shahbaz, leader of Opposition in the Punjab Assembly, criticized the government for increasing the drug prices in Pakistan, said the medicines now “out of the common man’s reach”. While addressing a press conference outside Punjab Assembly, he said, “Today, the people are in trouble over wheat prices and the federal minister for … Read more

Inflation likely to remain within the target, Governor State Bank

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Reza Baqir

Addressing a press conference in Karachi, Governor State Bank Dr. Reza Baqir has said that inflation is threatening but is likely to remain within the target. He said the economic growth in the country has boosted and the confidence of the business community has strengthened. “The government also took some serious decisions regarding the country’s … Read more

Inflation in Pakistan expected to be 7.5% during 2021

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Inflation in Pakistan expected to be 7.5% during 2021

The Asian Development Bank (ADB) has forecast that Pakistan’s economic growth rate will improve from negative 0.4% to 2%. A report released by the Asian Development Bank (ADB) said that the government of Pakistan had given a relief package of Rs. 1240 billion to boost economic activities affected by the Coronavirus pandemic. The government package … Read more

Federal Bureau of Statistics says inflation rate has increased by 0.05%

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Federal Bureau of Statistics says inflation rate has been increased by 0.05%

The inflation rate has increased by 0.05 percent in a week in Pakistan. According to the statistics, the Federal Bureau of Statistics has issued statistics regarding inflation in Pakistan. The statistics also mentioned that the prices of 19 items have increased in a week whereas prices of 10 items have decreased. The price of the … Read more

SBP claims, recent spike in inflation is transitory

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Pakistan's Current Account Deficit At $200m In April 2021

The State Bank of Pakistan (SBP) has declared the recent spike in inflationary pressure as a ‘transitory’ phenomena. The SBP says that the headline inflation of 14.6 percent was broadly in line with projection of the central bank. Although the recent spike in inflation had surprised many economic experts, the state bank has taken the … Read more

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