fbpx mmnews
Archive

inflation

Inflation, poverty have broken backbone of common man: Shehbaz

DERA GHAZI KHAN: Pakistan Muslim League-Nawaz President and Opposition Leader in National Assembly Shehbaz Sharif has lashed out at the Pakistan Tehreek-e-Insaf-led government on Sunday. “The inflation and poverty have broken the common man’s backbone,” said Shehbaz Sharif while addressing

Oh dear, inflation

Pakistan has suffered from innumerable problems since its inception. As one crisis subsides, another one emerges. Yet the resilient nation manages to gradually move with patience and courage. The situation in the past three years has worsened and people, disturbed

High inflation

The government cannot hide its inability to control rising inflation in the country by calling it a global phenomenon. Pakistan still has one of the highest inflation rates in the region and still the government has claimed that it has

Rising food prices

The government has increased the price of petrol by Rs5.40 per litre, reaching the highest level in the history of the country. The claims of providing relief to the masses will be pushed aside as the prices of essential commodities

CPI inflation decelerates to 10.09% in May

ISLAMABAD: The Consumer Price Index (CPI) based monthly inflation decelerated to 10.09 percent on year-on-year (YoY) basis during the month of May 2021, from 11.1 percent during April 2020, Pakistan Bureau of Statistics (PBS) reported. It increased by 0.1% in

Weekly inflation up 0.53% due to increase in food items prices

ISLAMABAD: The weekly report released by the Bureau of Statistics has stated that the rate of inflation has increased to 0.53 percent in the recent week and the overall rate of inflation has reached 7.82 percent According to the report,

Turkey will break economic ‘triangle of evil’ with reforms: Erdogan

ANKARA: Turkey will bring in structural reforms to break the “triangle of evil” of interest rates, inflation and exchange rates, President Tayyip Erdogan said, adding he was determined to form a system based on production and employment. Erdogan promised a

Pakistan’s inflation rate increases to 9.20 percent

ISLAMABAD: Pakistan Bureau of Statistics (PBS) report has stated that the inflation rate jumped above 9.20 percent.   According to the statistics, prices of 25 items including eggs, chicken, flour, and sugar have gone up while prices of nine items including

SPI weekly inflation increases 0.37% in September

ISLAMABAD: The Sensitive Price Indicator (SPI) based weekly inflation for the week ending on 10th September witnessed an increase of 0.37 percent. According to the latest data of the Pakistan Bureau of Statistics (PBS), the SPI for the combined consumption

Inflation control meeting summoned by PM today

ISLAMABAD: Prime Minister Imran Khan has summoned an emergency meeting to review measures taken to control inflation. The meeting will be chaired by the prime minister himself. The meeting will review the inflation situation while the government’s economic team will

Sensitive Price Indicator report: Weekly inflation falls 0.21%

ISLAMABAD: The Sensitive Price Indicator (SPI)-based inflation increased by 0.21 percent for the combined income group this week. According to the Pakistan Bureau of Statistics (PBS), as compared to the corresponding week of last year, the SPI for the combined

Inflation drops to 8.2% in May: Report

KARACHI: The official data of Pakistan Bureau of Statistics (PBS) has shown that consumer inflation has fallen to an 11-month low of 8.2 percent in May 2020. According to stats, when oil prices tumbled and the coronavirus lockdown suppressed demand

Stock market and oil prices

It must be clear that the stock market is merely a reflection of the state of the economy. In today’s era of economic war, the future of world economy can be predicted by witnessing the economies of China and United

KSE 100 index gains 1313 points over easing inflation

KARACHI: After a dismal week that saw the stock market stumble over coronavirus fears, the Pakistan Stock Exchange (PSX) bounced back on Monday after an easing in inflation for the month of February. The benchmark KSE 100 index gained 1312.68

Pakistan has made considerable progress in advancing reforms: IMF

ISLAMABAD/ WASHINGTON: Pakistan has achieved all of its economic goals in terms of performance and structural benchmarks have been completed, according to the International Monetary Fund (IMF). An International Monetary Fund (IMF) mission, led by Ernesto Ramirez Rigo was in

Stock market gains 816 points to cross 40,000 points barrier

KARACHI: The stock market on Wednesday shot up by over 816 points to cross the 40,000 points level which it had lost earlier this week over economic challenges. The benchmark KSE 100 index rose by 816.67 points, or an increase

PM Khan assures nation to lower down inflation in country

ISLAMABAD: Prime Minister Imran Khan said on Sunday that “come what may,” Pakistan’s Tehreek-i-Insaf (PTI) government will declare numerous actions that would be taken by the federal cabinet at its forthcoming meeting to drop prices of basic food products and

Will provide relief to poor people by any means necessary: PM Imran

ISLAMABAD: Prime Minister Imran Khan has said that he will provide relief to the poor people by any means necessary. PM Imran was chairing a high-level meeting in Islamabad today (Saturday). The meeting was attended by Adviser to the PM

Inflation in January rises to 14.6 percent, highest in 12 years

ISLAMABAD: Pakistan Bureau of Statistics has reported that inflation has risen to 14.6 percent in January from 12.6 percent of the previous month (December), scaling the highest level in 12 years. Last time, the highest inflation in the country was

Monetary policy retained

The State Bank of Pakistan has maintained its main policy rate at 13.25 percent. Governor Reza Baqir announced that the anticipated monetary policy shall retain interest rate for the next two months as the central bank seeks to add stimulus

Govt committed to overcome inflation in country: Sheikh Rasheed

RAWALPINDI: Federal Minister for Railway Sheikh Rasheed Ahmed promised that inflation would be brought under control under the leadership of Prime Minister Imran Khan. While speaking to the media in Rawalpindi, the federal minister also dismissed speculations of any in-house-change

The inflation bomb of Flour and Wheat

While the middle classes are struggling to maintain their standards of living among extraordinary inflation, the poor are finding it even harder to feed themselves. Due to the mismanagement, corruption and illegal stocking of wheat, price of flour has skyrocketed.

Marriyum Aurangzeb criticises PTI over rising inflation

Pakistan Muslim League-Nawaz (PML-N) spokesperson Marriyum Aurangzeb has criticized the incumbent government of Pakistan Tehreek-e-Insaaf (PTI) for dropping a bomb of inflation on the people of Pakistan. Talking to media, Marriyum Aurangzeb said that in 16 months, gas tariffs have

Rising food prices

The common man is most affected by a rise in food prices and other basic necessities. Rising food prices has a devastating effect on poor households making it difficult for vulnerable segments of society to afford two square meals a

Inflation will be under control in upcoming months: Sheikh Rasheed

SARGODHA: Federal Minister for Railways Sheikh Rasheed has said that inflation would be under control in the next three months. While talking to journalists, Sheikh Rasheed said that controlled inflation would set the rate of electricity and gas bills. The

PM summons chief ministers to discuss price control measures

ISLAMABAD: Prime Minister Imran Khan has directed the ministries concerned to take measures to make the prices of essential items stable as well as ensuring their availability in markets for the benefit of the common man. Briefing media on cabinet

SBP to announce new Monetary Policy today

KARACHI: The State Bank of Pakistan (SBP) will announce Monetary Policy for the next two months on Monday. A statement said, “The monetary policy committee (MPC) of the central bank will meet today at SBP Karachi to decide about Monetary