The government may impose sales tax on petroleum products in coming days which would massively increase prices of consumer products.
KARACHI: Unilever Pakistan Foods Limited – fast-moving consumer goods company – on Monday said that high inflation to erode purchasing power of consumers. While presenting financial results for nine months period ended September 30, 2022, the company said Pakistan’s economic and operating environment remains challenging as the country continues to grapple with sustained double-digit inflation, […]
ISLAMABAD: Pakistan Bureau of Statistics (PBS) on Friday disclosed that prices of essential items have recorded inflation above 42 per cent on year on year (YoY) basis by week ended August 18, 2022. The bureau stated that Sensitive Price Indicator (SPI) of essential items depicts an increase of 42.31 per cent. READ MORE: High inflation […]
KARACHI: The high inflation may force the State Bank of Pakistan (SBP) to further tighten the monetary stance as the central bank has already increased the policy rate to 15 per cent. Analysts at KASB KTrade Securities on Monday said that the data released on August 01, 2022 shows that inflation increased by 24.9 per […]
KARACHI: Ufone, Pakistan’s largest phone service provider, has increased tariff for its various packages. In a message sent by the cellular service provider to its customers said: “… to maintain quality of services during ongoing rise in inflation, there will be changes in some of our offers.” READ MORE: Ufone 4G ranked top voice and […]
ISLAMABAD: The average inflation for the fiscal year 2021/2022 has been estimated up to 12 per cent as against the target of 8 per cent, according to Economic Survey of Pakistan released on Thursday. The survey said that the rising input costs on the back of high utility prices and the lagged impact of exchange […]
KARACHI: The massive hike in prices of petroleum products and electricity tariff has jolted the trade and industry as high cost would hamper economic activities. In a statement on Saturday Mian Anjum Nisar, Chairman of the Businessmen Panel, said that Pakistan’s industry had been harmed by the high cost of doing business, which discouraged investment […]
People of Pakistan are in shock after back to back increase in petroleum prices up to 50.71 per cent by the government. The coalition government led by PML-N in a span of one week jacked up the prices of petroleum products first on May 26, 2022 and second on June 02, 2022. Petrol, which is […]
KARACHI: Pakistan is heading towards the worst food inflation amid hike in tariff of electricity and increase in prices of petroleum products, the apex trade body said on Friday. READ MORE: FPCCI demands fixed tax regime for retailers Suleman Chawla, Acting President of Federation of Pakistan Chamber of Commerce and Industry (FPCCI), in a statement […]
It is generally known that affordability issues in buying essential items lead to rise in street crime. Pakistan is witnessing massive surge in prices of essential items over the period of last few months with the rise in prices of commodities in both international and domestic markets. The new coalition government by PML-N in a […]