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Author: Faisal Shahnawaz

  • Bitcoin to PKR, USD on November 30, 2022

    Bitcoin to PKR, USD on November 30, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on November 30, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs3,806,199.76 on November 30, 2022 at 02:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs3,700,551.37 at closing on November 29, 2022.

    The rate of Bitcoin in US Dollar (USD) is $16,887.40 on November 30, 2022 at 02:15 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $16,484.39 at closing on November 29, 2022.

    READ MORE: Bitcoin to PKR, USD on November 29, 2022

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    Dogecoin to PKR, USD on November 30, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on November 30, 2022.

    One Dogecoin to PKR is Rs18.41 on November 30, 2022 at 02:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs18.34 at closing on November 29, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.08 on November 30, 2022 at 02:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.08 at closing on November 29, 2022.

    READ MORE: Dogecoin to PKR, USD on November 29, 2022

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    Ripple to PKR, USD on November 30, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on November 30, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs81.43 on November 30, 2022 at 02:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs81.10 at closing on November 29, 2022.

    The rate of Ripple in US Dollar (USD) is $0.36 on November 30, 2022 at 02:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.36 at closing on November 29, 2022.

    READ MORE: Ripple to PKR, USD on November 29, 2022

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    Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.

  • Ripple to PKR, USD on November 30, 2022

    Ripple to PKR, USD on November 30, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on November 30, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs81.43 on November 30, 2022 at 02:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs81.10 at closing on November 29, 2022.

    The rate of Ripple in US Dollar (USD) is $0.36 on November 30, 2022 at 02:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.36 at closing on November 29, 2022.

    READ MORE: Ripple to PKR, USD on November 29, 2022

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    Bitcoin to PKR, USD on November 30, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on November 30, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs3,806,199.76 on November 30, 2022 at 02:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs3,700,551.37 at closing on November 29, 2022.

    The rate of Bitcoin in US Dollar (USD) is $16,887.40 on November 30, 2022 at 02:15 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $16,484.39 at closing on November 29, 2022.

    READ MORE: Bitcoin to PKR, USD on November 29, 2022

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    Dogecoin to PKR, USD on November 30, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on November 30, 2022.

    One Dogecoin to PKR is Rs18.41 on November 30, 2022 at 02:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs18.34 at closing on November 29, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.08 on November 30, 2022 at 02:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.08 at closing on November 29, 2022.

    READ MORE: Dogecoin to PKR, USD on November 29, 2022

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    Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.

  • Dogecoin to PKR, USD on November 30, 2022

    Dogecoin to PKR, USD on November 30, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on November 30, 2022.

    One Dogecoin to PKR is Rs18.41 on November 30, 2022 at 02:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs18.34 at closing on November 29, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.08 on November 30, 2022 at 02:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.08 at closing on November 29, 2022.

    READ MORE: Dogecoin to PKR, USD on November 29, 2022

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    Ripple to PKR, USD on November 30, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on November 30, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs81.43 on November 30, 2022 at 02:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs81.10 at closing on November 29, 2022.

    The rate of Ripple in US Dollar (USD) is $0.36 on November 30, 2022 at 02:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.36 at closing on November 29, 2022.

    READ MORE: Ripple to PKR, USD on November 29, 2022

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    Bitcoin to PKR, USD on November 30, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on November 30, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs3,806,199.76 on November 30, 2022 at 02:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs3,700,551.37 at closing on November 29, 2022.

    The rate of Bitcoin in US Dollar (USD) is $16,887.40 on November 30, 2022 at 02:15 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $16,484.39 at closing on November 29, 2022.

    READ MORE: Bitcoin to PKR, USD on November 29, 2022

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    Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.

  • Karachi Interbank Offered Rates KIBOR – November 29, 2022

    Karachi Interbank Offered Rates KIBOR – November 29, 2022

    KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as on November 29, 2022.

    Following are the latest KIBOR rates:

     TenorBIDOFFER
    1 – Week15.9116.41
    2 – Week15.9616.46
    1 – Month16.0816.58
    3 – Month16.6116.86
    6 – Month16.6316.88
    9 – Month16.6417.14
    1 – Year16.6417.14

    READ MORE: Karachi Interbank Offered Rates KIBOR – November 28, 2022

  • PKR ends unchanged to dollar as Pakistan receives inflows

    PKR ends unchanged to dollar as Pakistan receives inflows

    KARACHI: Pakistani Rupee (PKR) ended unchanged against the US dollar on Tuesday as the country received $500 million to strengthen external sector.

    The exchange rate ended at the same last day’s level of PKR 293.95 to the dollar in the interbank foreign exchange reserves.

    Currency experts said that the rupee was under immense pressure due to scheduled payment of about $1.08 billion against commercial loans by December 02, 2022.

    READ MORE: PKR ends stable to dollar amid repayment pressure

    However, the latest inflows would help the State Bank to buffer its reserves and cool down the prevailing perception of default.

    The government on November 29, 2022 received $ 500 million from Asian Infrastructure Investment Bank (AIIB). The funds are deposited with SBP and will augment our reserves.

    Experts said that the increase in benchmark policy rate by 100 basis points to 16 per cent also discouraged the manufacturing sector to import raw material at high borrowing cost.

    READ MORE: Rupee falls slightly to dollar amid foreign payment pressure

    They said that the SBP should be more vigilant were not enough as Pakistan’s external sector was facing huge challenges.

    Latest investment data released by revealed the foreign direct investment plunged by 52 per cent in first four months of the current fiscal year.

    The current account deficit recorded contraction in the first four months of the current fiscal year it swelled when compared with the previous month.

    Pakistan needs foreign inflows on urgent basis to avoid balance of payment crisis. The foreign exchange reserves of Pakistan fell sharply during past few months making it difficult for the government to fulfill its foreign repayment commitments.

    Foreign exchange (forex) reserves of Pakistan were at $13.796 billion by week ended November 11, 2022 as compared with $13.721 billion a week ago i.e. November 04, 2022.

    The country’s foreign exchange reserves hit all-time high of $27.228 billion on August 27, 2021. Since then the foreign exchange reserves have declined by $13.432 billion.

    READ MORE: PKR slumps to dollar amid SBP tight monitoring

    The official foreign exchange reserves of the State Bank nominally increased by $3 million to 7.96 billion by week ended November 11, 2022 as compared with $7.957 billion a week ago.

    The foreign exchange reserves held by the central bank witnessed a record high at $20.146 billion by week ended August 27, 2021. Since then the official reserves of the SBP dropped by $12.185 billion.

    READ MORE: Rupee fails to maintain recovery; dollar gains to PKR 223.81

  • State Bank issues foreign exchange rates on November 29, 2022

    State Bank issues foreign exchange rates on November 29, 2022

    Karachi, November 29, 2022 – The State Bank of Pakistan (SBP) has released the foreign exchange rates for today, providing crucial information about the buying and selling prices of various foreign currencies against the Pakistan Rupee (PKR).

    (more…)
  • Bitcoin to PKR, USD on November 29, 2022

    Bitcoin to PKR, USD on November 29, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on November 29, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs3,701,265.86 on November 29, 2022 at 03:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs3,639,040.57 at closing on November 28, 2022.

    The rate of Bitcoin in US Dollar (USD) is $16,489.80 on November 29, 2022 at 03:00 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $16,212.58 at closing on November 28, 2022.

    READ MORE: Bitcoin to PKR, USD on November 28, 2022

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    Dogecoin to PKR, USD on November 29, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on November 29, 2022.

    One Dogecoin to PKR is Rs18.33 on November 29, 2022 at 03:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs18.33 at closing on November 28, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.08 on November 29, 2022 at 03:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.08 at closing on November 28, 2022.

    READ MORE: Dogecoin to PKR, USD on November 28, 2022

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    Ripple to PKR, USD on November 29, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on November 29, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs81.09 on November 29, 2022 at 03:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs81.09 at closing on November 28, 2022.

    The rate of Ripple in US Dollar (USD) is $0.36 on November 29, 2022 at 03:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.36 at closing on November 28, 2022.

    READ MORE: Ripple to PKR, USD on November 28, 2022

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    Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.

  • Ripple to PKR, USD on November 29, 2022

    Ripple to PKR, USD on November 29, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on November 29, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs81.09 on November 29, 2022 at 03:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs81.09 at closing on November 28, 2022.

    The rate of Ripple in US Dollar (USD) is $0.36 on November 29, 2022 at 03:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.36 at closing on November 28, 2022.

    READ MORE: Ripple to PKR, USD on November 28, 2022

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    Bitcoin to PKR, USD on November 29, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on November 29, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs3,701,265.86 on November 29, 2022 at 03:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs3,639,040.57 at closing on November 28, 2022.

    The rate of Bitcoin in US Dollar (USD) is $16,489.80 on November 29, 2022 at 03:00 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $16,212.58 at closing on November 28, 2022.

    READ MORE: Bitcoin to PKR, USD on November 28, 2022

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    Dogecoin to PKR, USD on November 29, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on November 29, 2022.

    One Dogecoin to PKR is Rs18.33 on November 29, 2022 at 03:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs18.33 at closing on November 28, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.08 on November 29, 2022 at 03:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.08 at closing on November 28, 2022.

    READ MORE: Dogecoin to PKR, USD on November 28, 2022

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    Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.

  • Dogecoin to PKR, USD on November 29, 2022

    Dogecoin to PKR, USD on November 29, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on November 29, 2022.

    One Dogecoin to PKR is Rs18.33 on November 29, 2022 at 03:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs18.33 at closing on November 28, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.08 on November 29, 2022 at 03:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.08 at closing on November 28, 2022.

    READ MORE: Dogecoin to PKR, USD on November 28, 2022

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    Ripple to PKR, USD on November 29, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on November 29, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs81.09 on November 29, 2022 at 03:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs81.09 at closing on November 28, 2022.

    The rate of Ripple in US Dollar (USD) is $0.36 on November 29, 2022 at 03:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.36 at closing on November 28, 2022.

    READ MORE: Ripple to PKR, USD on November 28, 2022

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    Bitcoin to PKR, USD on November 29, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on November 29, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs3,701,265.86 on November 29, 2022 at 03:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs3,639,040.57 at closing on November 28, 2022.

    The rate of Bitcoin in US Dollar (USD) is $16,489.80 on November 29, 2022 at 03:00 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $16,212.58 at closing on November 28, 2022.

    READ MORE: Bitcoin to PKR, USD on November 28, 2022

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    Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.

  • Pakistan to decide petroleum prices effective from December 01, 2022

    Pakistan to decide petroleum prices effective from December 01, 2022

    Pakistan will decide petroleum prices on Wednesday November 30, 2022 for next fortnight starting from December 01, 2022.

    The country will revise the petroleum prices for the next fortnight amid sharp fall in international oil prices. However, on the other hand the depreciation in rupee value and imminent imposition of sales tax on petroleum products the benefit of decline in international oil prices may not pass on to domestic consumers.

    READ MORE: Pakistan may impose petroleum tax to avert revenue shortfall

    The benchmark Brent crude oil ended at $83.19 a barrel on November 28, 2022, having slumped more than 3 per cent to $80.61 earlier in the session for its lowest since January 4, 2022.

    The Brent crude has hit above $120 per barrel during mid-June this year and now fell to the present level leaving ample room to the present government to revise downward the prices to provide relief the domestic consumers.

    However, on the other side the government is considering to impose sales tax on petroleum products in order to satisfy International Monetary Fund (IMF) for upcoming talks, which were already delayed.

    Experts believed that the imposition of sales tax on petroleum products would increase the retail prices as well as result in high inflation.

    READ MORE: Petroleum prices in Pakistan for next 10 days; what next?

    At present the prices of petroleum products till November 30, 2022 are: price of petrol is Rs224.80 per liter; high speed diesel Rs235.30 per liter; kerosene oil Rs191.83; and light diesel oil Rs186.50 per liter.

    In the latest review on November 15, 2022 the government decided to keep the prices unchanged for the fortnight ending November 30, 2022.

    It was third straight announcement to keep the prices of petroleum products unchanged. Previously, on September 30, 2022 the government made changes in petroleum prices.

    Experts said that the rise in petroleum prices were imminent in the next review as the government was under immense pressure from the IMF to impose sales tax on petroleum products.

    At present the government adopted a policy to keep zero sales tax on petroleum products instead flat rate of 17 per cent. Furthermore, the government also committed to apply petroleum levy to generate more revenue for curtailing budget deficit.

    READ MORE: Petroleum prices in Pakistan for next fortnight effective from November 16, 2022

    Besides, the exchange rate is again showing a deterioration in rupee value against the dollar. The US dollar continued to make gain for seventh straight session against the Pakistani Rupee (PKR) on November 28, 2022 and reached PKR 223.95 in the interbank foreign exchange market.

    The latest import data showed that the petroleum prices were on the higher sides as the country spent more money for import of lesser quantity of petroleum products.

    The imports of petroleum products recorded a decline 1.75 per cent to $2.84 billion during July – October of fiscal year 2022/2023 as compared with $2.89 billion in the corresponding period of the last fiscal year.

    However, import of petroleum crude recorded an increase of 6.61 per cent to $1.73 billion during the period under review as compared with $1.62 billion in the corresponding period of the last fiscal year.

    READ MORE: Petroleum prices in Pakistan effective from November 01, 2022

    Interestingly, quantities of both the segments fell 34.43 per cent and 23.26 per cent during the first four months of the current fiscal year, showing surge in prices of the international prices.

    Although the present government has kept the prices during last three review under political pressure. But considering the present scenario of fiscal deficit and IMF pressure the government may take tough decision in coming days.