Economy
Govt slashes petrol price
Karachi, August 13, 2024: The federal government slashed the prices of petroleum products ‘as a gift’ to the people on the eve of Independence Day. The price of petrol has been reduced by Rs 8.47 to Rs 260.96 per litre. High-speed diesel has been reduced by Rs 6.07 per litre, making the new price Rs…
Post-budget webinar- Economic divide, rising debt
Karachi, August 09, 2024: A public uprising against inflation, high living cost and cut in development budget is the only solution for Pakistan’s economic downslide, says senior economist Dr. Kaiser Bengali. Speaking at a post-budget webinar organised by The Knowledge and Future (TKF) Friday Dr. Bengali said currently there are two Pakistans – one of…
Sugar sale ‘resumes’ at Utility stores
The sale of sugar has resumed at Utility Stores Corporation (USC) across Pakistan under the Prime Minister’s Relief Package. The supply had been temporarily halted due to the newly imposed Federal Excise Duty (FED) of Rs 15 per kilogram on sugar. According to sources, sugar sales have already resumed at Utility Stores in Islamabad, with…
Pakistan’s short-term inflation decreases by 0.12%
The Sensitive Price Indicator (SPI) for the week ending August 1 showed a slight decrease of 0.12% for the combined consumption groups, according to the Pakistan Bureau of Statistics (PBS). The SPI for the week under review was recorded at 321.56 points, down from 321.95 points the previous week. Compared to the same week last…
ECC approves import of 0.1 mln tons urea
Karachi, August 02, 2024: On Friday, the Economic Coordination Committee (ECC) of the federal cabinet approved the import of 100,000 Metric Tons (MT) of urea. The decision was made during a meeting chaired by Finance and Revenue Minister Muhammad Aurangzeb, which endorsed a proposal from the Ministry of Industries and Production to ensure an adequate…