India’s basmati rice exports are likely to fall in 2024 after nearing a record high last year, as rival Pakistan is offering the grain at competitive prices amid a rebound in production, industry officials said. India and Pakistan are the leading exporters of the premium long-grain variety of rice, famous for its aroma, to countries […]
Gold prices in Pakistan surged by Pakistani rupee PKR 2,000 per tola on Wednesday, ARY News reported. ARY News is a Pakistani news channel. All Pakistan Gems and Jewellers Association (APGJA) said the price of 24-karat gold per tola increased by PKR 2,000 to settle at PKR 214,800 per tola. As per APGJA, after a […]
The United Arab Emirates (UAE) has imposed a ban on fresh meat imports from Pakistan via sea route after fungus was found on meat, according to ARY News. A restriction was imposed when fungus was discovered on meat sent from Karachi to the UAE by a firm. The restriction will be in effect until October […]
Sugar prices in Pakistan have increased to Rs 185 per kg, with the country’s Economic Coordination Committee (ECC) asking relevant agencies to check for the hoarding and smuggling of sugar, Dawn reported. Dawn is a reputed Pakistan-based English daily. The rising wholesale rates have been providing an opportunity for various online mart and retail shop […]
Despite the government’s lack of interest in growing commodity prices, the sugar price at Jodia Bazaar, the country’s principal wholesale commodities market, increased to Pakistani currency (PKR) 136-137 per kg from Rs 131-132 a few days ago, owing to an export-driven jump in demand, Dawn reported. Wholesale costs have risen by Rs 19 per kg […]
Pakistan government is mulling raising the Petroleum Development Levy (PDL) on petrol and diesel from Pakistani Rupees (PKR) 50 to PKR 55 per litre with effect from 1 July 2023, Pakistan-based The News International reported. Meanwhile, Pakistan’s Ministry of Finance has informed the Senate Standing Committee on Finance that the petroleum development levy was worked […]
The prices of food items in Pakistan have increased by 100 per cent this year compared to last year, as per the Pakistan Bureau of Statistics, Daily Dunya reported. Daily Dunya is an Urdu daily newspaper from Pakistan. In 1922, a bag of 20 kg flour was 1400 rupees, it has now exceeded 2300 rupees, […]
The domestic cotton production in Pakistan in 2023 has declined to a four decade low of 4.9 million bales. This has added to the country’s deepening economic crisis, Pakistan based Dawn newspaper reported. As per Dawn, ginning data shows that the cotton harvest declined by a hefty 34 per cent this year from 7.44 million […]
The skyrocketing prices also impacted the meat market, with beef previously sold for PKR 700 per kg, but now priced at PKR 800 and PKR 1,000 per kg, and mutton rates increased from PKR 1,400 to PKR 1,600 per kg, eventually reaching PKR 1,800 per kg. Food prices in Pakistan continue to soar as the […]
Pakistan’s exports to the Middle East reduced by 11.87 per cent on a year-on-year basis to USD 1.491 billion in the first eight months of FY23 mainly caused by a substantial decline in exports to the United Arab Emirates (UAE), Dawn reported. Pakistan’s exports to the Middle East saw a mixed trend with a rise […]
