Tag: Inflation in Pakistan
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Global LPG Prices Have Fallen—Why Are Consumers Still Paying More?
By Mian Adeel Ashraf. Pakistan appears to be operating under a peculiar economic principle. Whenever global crude oil or LPG prices rise, domestic prices increase almost immediately. Distributors and retailers justify these hikes by claiming that future imports will be more expensive, so even existing stock must be sold at higher prices. However, when global…
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Pakistan is Paying for a War it Did Not Start
By Fazeel Asif. The bombs fell on Tehran. The bill arrived in Islamabad. On April 2, petrol hit Rs 458 per litre. High-speed diesel reached Rs 520. Overnight, petrol rose by Rs137, diesel by Rs184. It was the second major fuel price hike in less than a month delivered by a government that, only a…
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Pakistanis to Face Reduction in Salaries
LAHORE (14th Nov, 2019): Pakistanis to see drop in their real salaries in 2020. According to the latest salary trend report released by ECA International, Pakistani workers would unfortunately witness a decline in their salaries. Pakistan is the only nation in Asia Pacific predicted to see a decrease in their real salary next year. RSS…