Articles for tag: consumer prices, economy of Pakistan, food inflation, food items, Inflation, price increase, short-term inflation, SPI, Weekly

December 21, 2024

Listen to the article KARACHI: Pakistan’s weekly gauge of inflation, as measured by the Sensitive Price Index (SPI), rose 0.38% due to a rise in food prices in the week ending December 19, 2024. According to the latest data from Pakistan Bureau of Statistics (PBS), the rise in inflation marked the second consecutive week of increase, after last week’s reading of 0.07%. Short-term inflation rose 4.64% compared to the same week last year. Consumers were under increasing price pressure as groceries continued to become more expensive in the week under review. The rise in weekly inflation came days after the

June 7, 2024

News Desk

Business

NEPRA announces increase in electricity rates for Karachi

KARACHI: The National Electricity Regulatory Authority (NEPRA) on Friday announced a major hike in electricity rates for Karachi, increasing the tariff by Rs 10.1 per unit. The notice specifies that the rate hike is part of the monthly fuel cost adjustment (FCA). Consumers will face an additional charge of Rs 2.68 per unit in June, which will further increase to Rs 3.11 per unit in July. The extra cost will continue to rise, with an additional Rs 3.22 per unit in August, before seeing a smaller increase of Rs 1 per unit in September. NEPRA has clarified that these hikes

February 15, 2024

News Desk

Business

50% of textile companies may close in the coming weeks

Islamabad: With more than 50% of textile and apparel companies at high risk of shutting down in the coming weeks, the All Pakistan Textiles Mills Association (APTMA) has called on the federal government to review energy rates to make textile exports competitive in the international market. The international competitiveness of Pakistan’s textile and apparel exports is constantly being eroded by persistently rising energy prices that are, on average, more than double those in competing countries. Moreover, electricity prices for industrial consumers are at 16.7 cents/kWh and natural gas price is increasing to Rs 2,950/MMBtu from Rs 2,200/MMBtu currently, a notable

Weekly inflation up 0.38%

NEPRA announces increase in electricity rates for Karachi

50% of textile companies may close in the coming weeks

Asif Khaliq drives blue-eyed Chaiwala Arshad Khan’s London success

Munir and Naqvi Join Makkah Pact Talks in Tehran

Iran Says the Border Is Open as Pakistan Ships LPG by Sea