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Mini budget

The government finally managed to pass the Finance Bill 2021 – dubbed as the ‘mini budget’ – through parliament, raising concerns of an imminent price hike and clearing a hurdle before the IMF releases the next tranche as part of

PoL prices likely to go up from November 1

ISLAMABAD: Another bad news for the countrymen, who are already badly hit by inflation as petrol is likely to become more expensive from November 1. According to sources in the oil marketing companies (OMCs), petrol price is expected to increase

Oil prices hit three-year high amid supply deficit forecasts

WASHINGTON: Oil prices jumped to a three-year high above $85 a barrel on Friday, boosted by forecasts of a supply deficit in the next few months as the easing of coronavirus-related travel restrictions spurs demand. Brent crude futures were up

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

Cabinet approves centralized database for basic food items

ISLAMABAD: The federal cabinet approved the establishment of a Centralized Database to ensure timely decisions about basic food items in the country. The meeting took the decision to ensure demand and supply, assessment of prices, transportation and further strengthening of

Petroleum prices likely to be reduced by Rs2 per litre

ISLAMABAD: The prices of petroleum products are expected to be reduced by up to Rs2 per litre. The Oil and Gas Regulatory Authority (OGRA) has forwarded a summary to the Petroleum Division seeking revision of fuel prices for the next

Cabinet approves Rs7.8 billion historic Ramazan package

ISLAMABAD: The federal cabinet has sanctioned a historic Ramazan package worth Rs 7.8 billion for providing 19 essential items on reduced prices. Prime Minister Imran Khan chaired the meeting of the federal cabinet which approved the package to provide relief

World food price index rises for seventh month in Dec: FAO

NEW YORK: World food prices rose for the seventh consecutive month in December, led by dairy products and vegetable oils, according to the Food and Agriculture Organization of the United Nations. The FAO Food Price Index averaged 107.5 points in

PM congratulates team for reduction in sugar prices

ISLAMABAD: Prime Minister Imran Khan has appreciated the reduction in sugar prices and congratulated his team for bringing down the prices. “Sugar is selling at a national average of Rs 81 per kg vs Rs102 per kg a month back,”

Oil prices rally accelerates after drop in US stocks

TOKYO: Oil price rose for a fifth day on Thursday after a surprise fall in US crude inventories rally driven by optimism that vaccines will end the coronavirus pandemic and revive demand for fuels. Brent futures were up 45 cents,

Petroleum prices to be revised on fortnightly basis

ISLAMABAD: Economic Coordination Committee (ECC) of the federal cabinet has approved a proposal by the Ministry of Energy for revision of prices of petroleum products on a fortnightly instead of the existing monthly basis. The ECC chaired by Adviser to

Economic greed

The government is trying its best to develop the economy under difficult circumstances as we are facing an economic and health crisis. Yet, there is no end to the insatiable greed of businessmen and industrialists who are only thinking about

Gold prices jump to new peak, reach Rs 96,300 per tola

KARACHI: Gold prices in Pakistan climbed more than 2 percent today (Monday) and reached an all-time high at Rs 96,300 per tola, According to Jewellers Association of Sindh, the prices of Gold were increased by Rs 2000 reaching Rs 96,000

Economic relief

If there is one thing that could bring the PTI government down, it would not be any corruption allegations and scandals, but rather the ever-increasing food inflation and rising prices in the country. Many countries in the world have recently

Federal govt decides to maintain petroleum prices for February

ISLAMABAD: The federal government has decided to maintain the petroleum prices at the current level for February. According to details, the Finance Ministry has said that the prices of petroleum in January 2020 will remain unchanged for February. Earlier on

Ogra suggests 2pc increase in diesel prices

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has estimated a 2% rise in diesel prices and a marginal decrease in the petrol rate for the month of February based on existing tax rates. A government official informed media reporters

Flour prices rise countrywide

ISLAMABAD: Another inflation bomb has been dropped on the people of Pakistan as the price of flour has been increased in all over the country. According to details, the price of 10 kg of flour in Karachi has reached Rs

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

SHC adjourns hearing of hike in petroleum prices for 5 days

KARACHI: The Sindh High Court (SHC) has adjourned the hearing of hike in prices of petroleum products against the government, Oil and Gas Regulatory Authority (OGRA) over for 5 days. The law ministry has also been summoned by the SHC

Petroleum prices jump high as Iran strikes US bases in Iraq

TOKYO: Petroleum prices jumped to their highest level on Wednesday in months after Iran attacked American forces in Iraq in response to a U.S. strike last week killed an Iranian general, raising the looming threat of a spiraling conflict and

Sindh govt to reduce flour price as crisis worsens: Mahmood Moulvi

KARACHI: Adviser on Maritime Affairs Mr Mahmood Moulvi has said that the Sindh government is likely to reduce the price of flour to address the crisis in the province. In a statement on micro-blogging site Twitter, the adviser said that

Skyrocketing grocery prices

The price of vegetables and other staples consumed commonly in households have skyrocketed recently, making them out of reach for the common man. This has further burdened ordinary citizens facing the effects of the adverse economic situation. Consumers were in

NA Speaker stresses rationalisation of fertilizer prices

ISLAMABAD: Considering fertilizer prices and availability as central to Pakistan’s food security and farmer’s productivity, Speaker National Assembly Asad Qaisar has take notice of availability and pricing trend of different fertilizer products particularly DAP and urea. The national speaker was

IT minister inaugurates ‘Durust Daam’ app to ensure price control

ISLAMABAD: Federal Minister for Information Technology and Telecommunication Dr Khalid Maqbool Siddiqui has inaugurated mobile App “Durust Daam” at National Information Technology Board (NITB) on Tuesday. “Durust Daam” App will be helpful to control profiteering by shopkeepers. Through the app

DRAP allows 7% increase in medicines’ prices

KARACHI: The Drug Regulatory Authority of Pakistan (DRAP) has allowed a seven percent increase in the prices of medicines per year. The drug manufacturing companies have increased by seven percent as per the notification issued by the DRAP. Common medications

PM directed to control flour price: Firdous Awan

ISLAMABAD: Special Assistant to Prime Minister on Information and Broadcasting Dr. Firdous Ashiq Awan said that Premier Imran Khan has directed to control the price of flour. While briefing the media on cabinet decisions in Islamabad, PM directed to control

Rising petrol prices effect consumer’s monthly budget

RAWALPINDI: In the light of the increase in petroleum prices, the denizens of the twin cities of Rawalpindi and Islamabad are worrying about their monthly budget. The people have suggested the PTI administration to withdraw the decision in the greater

Sudden change increases gold prices across the country

KARACHI: The prices of gold on Saturday boost with an increase of Rs 600 per tola of Gold, the current price of a tola stands at, Rs 87500 in the open market. After observing a few days of price dips,

Gold price remains stable in Pakistan

KARACHI: Gold prices in the country remain stable at 75,360 per 10 grams, and Rs 87,900 per tola. In the last week, a heavy decline in prices was observed. The country’s bullion market remained stable on Monday after a bloodbath

Crackdown against inflated milk prices begins

KARACHI: The Commissioner Office has begun a crackdown against the hike in milk prices by retailers. The price of milk in the city was increased after the associations of dairy farmers announced a per-litre increase of Rs10, which was accepted