Recent protests by farmers in Pakistan have brought attention to the agricultural crisis, impacting the country’s economy and workforce. Triggered by policy changes and market conditions, the unrest stems from issues such as slashed procurement targets and low market prices for wheat. Government responses and accusations of corruption further complicate the situation. The crisis has…
In good news for households across Pakistan, the prices of ghee and cooking oil have significantly dropped over the past month. Consumers can now buy Brand A and Brand B cooking oil and ghee at much lower prices, according to the dealers association. Brand A cooking oil is now Rs 75 cheaper per liter, selling…
In Pakistan, the prices of essential items have gone down according to the latest report by the Pakistan Bureau of Statistics (PBS). The Sensitive Price Index (SPI) for the week ending on May 9, 2024, has dropped by 1.39 percent. This decrease is mainly due to lower prices of onions, chicken, wheat flour, LPG, bananas,…
In Pakistan, Honda motorcycles are very popular even though there’s a lot of competition, mainly because of their prices. Honda offers many different types of motorcycles that suit all kinds of riders, but the Honda CD70, which is one of their basic models, sells the most. With prices going up a lot in Pakistan because…
The government in Islamabad is thinking about giving government workers more money in the next budget. It might happen in June, which is when they plan the budget for the year 2024-25. This news comes during a time when the economy faces many problems. As the government led by Shehbaz gets ready to present its…
Prices of petrol, diesel likely to drop in Pakistan’s next review on April 30, due to falling global oil prices. Diesel and petrol prices have decreased by $4.3 and $1.86 per barrel respectively in the international market. This may result in a decrease of Rs7.85 and Rs3.75 in domestic markets. Experts predict a downward trend…
The board of the International Monetary Fund (IMF) plans to convene on April 29 to discuss granting $1.1 billion in financial assistance to Pakistan. This announcement came on Wednesday from the IMF. The funding is part of a $3 billion deal, the second and final portion, that Pakistan secured last summer to avoid a national…
HBL, a bank, shared its financial results for the first quarter of 2024. They made a profit of Rs. 30.1 billion before tax, which is 40% more than the same time last year. After taking out taxes, the profit was Rs. 15.0 billion, up from Rs. 13.3 billion last year. The bank also decided to…
The government of Pakistan has raised the price of ghee sold at Utility Stores, but introduced a subsidy for Benazir Income Support Programme (BISP) eligible individuals to ease the burden. During this period of high inflation, this subsidy helps cushion the impact on low-income families. The subsidy amounts to Rs. 107 per kilogram, reducing the…
Senator Mohsin Aziz urged the government to cancel the Rs. 5,000 currency note to tackle corruption and inflation. He presented a resolution in the Upper House of Parliament, stating that this large denomination note is being misused in corrupt activities like terrorism and smuggling. Senator Aziz expressed concern that there are Rs. 3.5 trillion worth…