The growth rate of the GDP is insufficient to meet the requirements of the health and education sectors in the country. Currently, the unemployment rate in Pakistan is higher than in India and Bangladesh. Pakistani women face greater challenges in accessing job opportunities compared to their neighboring countries. Additionally, the data highlights that the increase […]
On a Week-on-Week basis, the inflation however witnessed a nominal decrease of 0.07 percent for the combined consumption groups during the week under review as compared to the last week. According to the PBS, sugar prices have increased for the fifth consecutive week by Rs. 1.31 per kilogram (Kg). Furthermore, the prices of 18 essential […]
During the initial five months of the current financial year, the average inflation rate decreased from 28.62 percent to 7.88 percent, culminating in a low of 4.9 percent last month. On an annual basis, the inflation rate in urban regions has fallen to 5.2 percent. A continued reduction in inflation is expected to alleviate the […]
The ministry provided these tax collection figures to the National Assembly, indicating that Rs3.38 trillion was amassed from mobile users during this period. As of the end of August 2024, Pakistan recorded 193.098 million cellular subscribers. In a related development, the Pakistan Bureau of Statistics (PBS) has reported an alarming 800% surge in gas prices […]
The Pakistan Bureau of Statistics (PBS) in its report submitted to the National Assembly maintained that the federal government raised the gas rate by 319 percent in February 2024 and by 520 percent in November 2023. Similarly, electricity prices were raised by 35 percent in November 2023 and 75 percent in February 2024. According to […]
According to the ministry’s report, the inflation rate is expected to decrease over the next three years. The report projects that the inflation rate will decrease from 23.4% to 12% in 2025, and then further to 7.5% in 2026. By 2027, the inflation rate is expected to be reduced to 7%. In addition to reducing […]
According to PBS data, the CPI-based inflation during the same month of last year (November 2023) was recorded at 29.2%. On a month-on-month basis, it increased by 0.5% in November 2024 as compared to an increase of 1.2% in the previous month and an increase of 2.7% in November 2023. “Pakistan Inflation as measured by […]
An unprecedented financial crash in 2022 brought months of consumer goods shortages, with inflation peaking at nearly 70 percent that year. Since then, a $2.9 billion bailout loan from the International Monetary Fund (IMF), tax hikes, and austerity measures have slowly made headway in repairing the island’s economy. “Headline inflation will remain negative in the […]
The inflation witnessed a decrease of 0.03 percent for the combined consumption groups during the week under review as compared to the last week as it was recorded at 324.00 points as compared to 324.11 points respectively. The weekly SPI with the base year 2015-16 =100 covers 17 urban centers and 51 essential items for […]
The rouble’s fall caught off guard economists who expected the Russian currency to hit the 100 mark against the dollar in one year, according to the Reuters poll in early November. It hit a 32-month low last week. By 0800 GMT, the Russian rouble was down 0.86 percent at 106.4 against the dollar, according to […]
