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Articles for tag: business, confidence, consumer, hurt, Inflation, Labor, Latest, problems

December 10, 2025

News Desk

Inflation, labor problems hurt consumer confidence

With food inflation remaining volatile and energy prices facing global and domestic uncertainties, economists warn that price stability in the coming months will depend on supply chain management, fiscal discipline and policy coordination. photo: file KARACHI: Dun & Bradstreet Pakistan and Gallup Pakistan have released the 19th edition of the Consumer Confidence Index (CCI) for the first quarter of FY2025-26, revealing a notable drop in sentiment. The index fell to 86.4 points, from 96.2 points in the previous quarter, a 10.2% drop. Despite this drop, confidence remains 18.5% higher year-on-year, marking an improvement compared to the corresponding period last year.

October 22, 2025

News Desk

KE says the Nepra tariff reduction is not applicable on consumer bills

A person holds a bill in his hand. — KE K-Electric warns of financial shock. Nepra cuts base charge by Rs 7.6 per unit. Reviewing in detail the decisions of Nepra: KE. K-Electric, the city’s sole electricity distributor, has clarified that the recent tariff reduction announced by the National Electricity Regulatory Authority (NEPRA) is not applicable to customer pricing and therefore will not affect consumers’ electricity bills. In a statement, the power company’s spokesperson said that the tariff revision announced under Nepra’s multi-year Tariff (MYT) for the financial years 2024 to 2030 is not applicable to customer charging. “The regulator’s

January 25, 2025

News Desk

With consumer relief, ECC rejects the increase in domestic gas invoices, approves the increase in industry

This photo shows the flames of an enlightened burner of a gas stove. – AFP/file The Economic Coordination Committee (ECC) rejected a proposal from the oil department on Saturday to increase gas invoices for domestic consumers, citing the need to relieve relief in the midst of increasing inflation. The ECC met in Islamabad under the president of the Federal Minister of Finance and Income, Senator Muhammad Aurangzeb and participated in officials of the Department of Finance and Oil. After a thorough discussion, the ECC, however, approved an increase in gas invoices for electricity plants from RS3,000 per MMBTU to RS3,500

January 9, 2025

News Desk

China expands consumer trade system

Listen to the article BEIJING: China has added more home appliances to the list of products eligible for its consumer trade program and will offer subsidies for additional digital goods this year in a bid to revive demand in the sluggish home sector. Microwave ovens, water purifiers, dishwashers and rice cookers will be included in the household appliance trade program this year, according to a document issued by the state’s top planner and the finance ministry on Wednesday. Mobile phones, tablet computers, smart watches and bracelets under 6,000 yuan could receive 15% subsidies. The statement did not specify the total

December 31, 2024

News Desk

Adani Group exits consumer goods business in $2bn deal

BENGALURU: India’s Adani Group is exiting its consumer goods joint venture with Singapore’s Wilmar International in a $2 billion deal as it looks to boost its infrastructure. The divestment marks the Indian conglomerate’s first major transaction since the US indictment of its billionaire founder in November, and Wilmar will acquire the group’s 31% stake in Adani Wilmar for a price per share of no more than INR 305 rupees. The price is a 7.2 percent discount to Adani Wilmar from Monday’s close and values ​​the stake sold to Wilmar at $1.44 billion. Adani will sell its remaining 13% stake in

July 10, 2024

News Desk

China’s consumer inflation in June fell short of expectations due to weak demand

BEIJING: China’s consumer prices rose for a fifth month in June but missed expectations, while producer price deflation persisted, with domestic demand mired in a slow recovery despite support measures for the world’s second-largest economy. Beijing has sought to revive consumption after a stuttering post-COVID-19 recovery, but there are concerns about more fundamental issues, such as a lingering housing slump and job insecurity. This has affected consumer and industrial activity and strengthened calls for more effective policies. The consumer price index (CPI) in June rose 0.2% from a year earlier, compared with a 0.3% rise in May, the slowest in

December 10, 2023

News Desk

China’s consumer prices fall fastest in 3 years

BEIJING: China’s consumer prices fell by their biggest drop in three years in November, while factory deflation deepened, pointing to growing deflationary pressures as weak domestic demand casts doubt on the economic recovery. The Consumer Price Index (CPI) fell by 0.5% both year-on-year and compared to October, according to data from the National Bureau of Statistics (NBS) on Saturday. That was deeper than average forecasts in a Reuters poll of a 0.1 percent drop both year-on-year and month-on-month. The year-over-year decline in the CPI was the steepest since November 2020. The numbers add to recent mixed data on trade and

December 3, 2023

News Desk

SSGC will stop supplying natural gas to power plants to meet consumer demand

wo employees work on a gas pipeline. — AFP/File The supply will stop for three months from December 5. SSGC is facing severe shortfall in natural gas supply. Government policy prioritizes natural gas for domestic sector: SSGC. ISLAMABAD: Sui Southern Gas Company (SSGC) has said it will stop supplying natural gas-fired power plants amid a significant shortage for the domestic sector and increased demand in winter, especially in Balochistan. The news reported on Sunday. According to a statement, the company informed the power plants that it is invoking a clause in the gas sales agreement that allows it to cut

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