The price of Brent, the global crude benchmark, rose 3.0 percent to trade at more than $81 per barrel. Stock markets were mixed, taking a breather after rising on Friday when US Federal Reserve chief Jerome Powell signaled that a rate cut was coming. In a further sign of the Fed’s thinking, another policymaker came […]
The Utility Stores Corporation has brought some good news for the public just before the arrival of Ramadan 2024 by lowering the prices of ghee and cooking oil. This move is expected to provide significant relief to the people. Apart from ghee and cooking oil, the prices of various other items like soap and washing […]
The recent order from Pakistan’s acting federal minister of health to lower the cost of vital medications used in intensive care units (ICUs) is a big step in the right direction toward increasing the availability and affordability of basic healthcare. The federal cabinet has approved this decision, which focuses on colistimethate sodium, a drug that […]
Weekly inflation surged to its highest level in more than seven months, official data showed on Friday, as skyrocketing food prices fueled by a depreciating currency and rising energy costs squeezed household budgets. The Sensitive Price Indicator (SPI), which tracks the prices of 51 essential items, increased by 1.36 percent in the week ending Jan. […]
Onion and tomato, much in use in our cooking, witnessed a massive rise in prices in recent weeks as flash floods washed away entire crops, thereby compounding the food emergency situation in the country. To deal with this crisis, the government decided to issue permits for imports from neighbouring countries to minimise the transport time […]
As Pakistan’s inflation, which just hit a 47-year-high in August at over 27 per cent, is on an upward curve, the International Monetary Fund (IMF) has warned against protests and instability in the country. Socio-political pressures are expected to remain high and could also weigh on policy and reform implementation, IMF says As Pakistan’s inflation, […]
The crypto market is down 46% from its all-time high in May, but shrewd investors are celebrating the dip in prices. Because the IRS classifies digital currencies like bitcoin as property; losses on crypto holdings are to treat much differently than losses on stocks and mutual funds, according to Onramp Invest CEO Tyrone Ross. With crypto tokens, […]
The government has reduced the prices of petrol for the second time in 15 days. The rates of oil have been on a decline worldwide, due to which the Oil and Gas Regulatory Authority (OGRA) had suggested the government reduce the prices of petrol in its latest summary. The price of petrol has been brought […]
The price of chicken has soared to unseen heights in the port city as the kilo of chicken in retail increased to being sold at about Rs500 per kg. In Karachi, the price of chicken was recorded at Rs370 per kg for live birds and Rs500 per kg for meat reacting to which; the citizens […]
People’s hardships have increased following a stark increase in the prices of essential commodities ahead of Ramadan. After the rise in prices, 1kg sugar is available for Rs105 in Karachi. Chicken is being sold for Rs450 a kg, cooking oil is retailing at Rs280 per liter; while the prices of pulses have also witnessed an […]
