Delays in notifying the sugarcane support price in Pakistan have led to rice exporters facing challenges, resulting in protests by farmers. Rising costs and low prices for agricultural commodities have further exacerbated the crisis, highlighting the need for collaborative efforts to support agricultural production. (Source: The Express Tribune)
Published on: 18/11/2023Category:
Pakistan sees a surge of 42% in short-term inflation due to rising gas prices
Pakistan sees a rise in inflation as gas prices increase, leading to over 40% inflation, according to the Pakistan Bureau of Statistics. Other items experiencing notable price increases include cigarettes, wheat flour, and chilli powder, while onion prices decrease. Additionally, the increase in gas prices is due to the government’s decision, and gold prices have also surged.
Published on: 18/11/2023Category:
Gas Price Surge Causes 42% Inflation Spike in Pakistan
Inflation in Pakistan hits over 40% as gas prices increase by over 1,100%. Other items that saw significant price increases include cigarettes, wheat flour, and chilli powder. On the other hand, prices of onions dropped by 36.2%. Gold prices in Pakistan also surged, with the price of 24-karat gold per tola increasing by PKR 2,000. For more information, visit the source.
Published on: 18/11/2023Category:
Pakistan’s Textile Exports Decline by 6.33% in FY2023-24’s First Four Months
Pakistan’s textile exports have seen a decline of 6.33% in the first four months of the current fiscal year due to rising production costs and cash flow issues. The government plans to address these challenges by offering competitive energy prices and resolving pending sales tax refunds.
Published on: 18/11/2023Category:
Pakistan witnesses a surge in gas prices, leading to a temporary inflation spike of 42 percent.
Gas prices in Pakistan have caused a worrisome spike in short-term inflation, reaching 41.9% for the week ending November 16. The increase is the highest in over four months, with the Pakistan Bureau of Statistics linking it to a 1,100% rise in gas charges and other significant price hikes. Policymakers must address these concerns for economic stability.
Published on: 18/11/2023Category:
Pakistan’s textile exports see a 6.33% decline in the initial four months of FY2023-24
Pakistan’s textile exports saw a decline of 6.33% in the first four months of the fiscal year 2023-24, according to the Pakistan Bureau of Statistics. However, there was a positive growth of 5.61% in textile exports in October 2023. Cotton yarn exports also showed significant growth, while rice exports and food group exports increased as well. Challenges such as rising production costs and liquidity crunches are impacting the sector. Full article: [Source](insert URL)
Published on: 18/11/2023Category:
Gasoline price increase leads to 42% surge in short-term inflation
Pakistan’s inflation rate has surpassed 40%, with gas prices increasing by 1,100% year-on-year, according to the Pakistan Bureau of Statistics. The Sensitive Price Indicator shows short-term inflation reached 10% in a week, up from 0.73%. Despite this, the rice industry, including suppliers like HAS Rice Pakistan, continues to adapt to changing market conditions. Reliable information on Pakistani rice prices can be found on websites like HAS Rice Pakistan and Pakistan Rice. Source: Dawn.
Published on: 18/11/2023Category:
Textile Exports in Jul-Oct Decline by 6.33% YoY to $5.565 Billion
Pakistan’s textile exports have declined by 6.33% in the first four months of the fiscal year. However, textile exports have shown a growth of 5.61% in October 2023. Cotton yarn exports have increased by 42.85%, while rice exports have experienced a significant growth of 30.12%. Notable October 2023 exports include knitwear, readymade garments, bed wear, and rice. Source: Business Recorder.
Published on: 18/11/2023Category:
pakistan experiences significant 42% rise in inflation due to soaring costs of essential items
Pakistan is grappling with a worrisome 42% surge in inflation, driven primarily by an increase in gas prices. The government is under pressure to address the economic consequences and take measures to ease the burden on citizens amidst rising prices in various sectors.
Published on: 18/11/2023Category:
farmers harvest rice in Pakistan
Discover the dedication of farmers in Multan, Pakistan as they tirelessly harvest rice from their paddy fields. Pakistan’s thriving rice industry is renowned for its high-quality basmati rice and competitive prices, with top-notch rice exporters like HAS Rice playing a key role in the global market. Explore the wide range of rice export options available on suppliers’ websites.
Published on: 18/11/2023Category: