Tag: Inflation
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Dollar prices at the highest level in history
In the interbank market, the dollar reached has the highest level in the history of Pakistan, coming to stand at Rs 169. The average price of the dollar over this period has been Rs. 158.09. According to reports, the price of the US dollar has risen by 90 paisas to Rs 169 at the interbank…
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Inflation in Utility Stores – Various Commodity Prices Go Up
A storm of inflation has taken up utility stores and the prices of various brands of essential commodities have gone up by a significant margin. Ghee prices have gone up by Rs 96 per kg and the price of corn cooking oil has gone up from Rs 500 to Rs 870 per liter, an increase…
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Prices of 17 Items Including Sugar, Flour, Chicken Go Up
A weekly report on inflation has been released by the Pakistan Bureau of Statistics, showing the increase in prices and inflation in the recent week. According to the report, inflation continues to rise in the country, increasing by 0.67% in recent weeks. Statistics show that prices of 17 items including sugar, flour, chicken, garlic, beef,…
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Pakistani Economy: The highs, lows & the need for action
This opinion has been shared by Muhammad Asim Siddiq. Pakistan’s economy has always been in turmoil. Although Pakistan inherited only a handful of institutions, at that time there was a viable administration that helped the Pakistani economy to reach a stable level by 1950. In the Korean War, Pakistani cotton, Pattsun earned a lot of…
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Dollar Exchange Rate at an Alarming High of Rs. 162.32
The dollar continues to soar to exorbitant rates in the domestic exchange market. The dollar touched an alarming high of Rs 162.50 on the Interbank Foreign Exchange (IFEX) on Friday and rose further by 84 paisas on the interbank market. Interbank closing #ExchangeRate for today:https://t.co/OW3qmXlNfU pic.twitter.com/83KxPego8j — SBP (@StateBank_Pak) July 23, 2021 Reports state that…
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Important Aspects of the Federal Budget 2021-22
Lahore: Important aspects of the federal budget have come to the fore. According to reports, today the important points of the federal budget are slowly coming to the notice of the people. Here are some details regarding the important points. 1- Re-launch of self-assessment scheme 2- Third party audit introduced 3- Automatic selection for audit…
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Controlling Inflation Top Priority of Government: Asad Umar
Asad Umar says that controlling inflation is the top priority of the government.
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The price of chicken meat skyrocketed, court takes notice
Baaghi TV: The price of chicken meat has skyrocketed, following which the Lahore High Court has had to intervene. The Lahore High Court has issued notices to the government on a petition seeking directions to reduce chicken prices in the province. Demise of Financier Greensill Sparks Global Jobs Panic GE Sells Jet-Leasing Unit to AerCap…
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European and US equities push higher, US inflation remains mute
London, March 10 (AFP/APP): European and US equities mostly pushed higher and US inflation remained muted as the massive $1.9-trillion stimulus programme neared the legislative finish line on Wednesday. This year’s global equities rally has recently hit an air pocket over fears over the prospect of soaring inflation and rising interest rates as the global economy emerges…
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Rising US Energy Prices Push February Inflation Higher
Rising US energy prices have pushed February inflation higher.