Business

Lahore’s Utility Stores Face Shortages of Essential Items
Business, Pakistan

Lahore’s Utility Stores Face Shortages of Essential Items

People in Lahore are struggling to find essential items at utility stores as supply disruptions persist. Flour, sugar, ghee, rice, pulses, and gram flour remain in short supply, leaving many low and middle-income families worried as they prepare for Ramazan shopping. For past six months, utility stores in Lahore have failed to maintain regular stocks of basic commodities. Store managers confirm that they have not received the required supplies from government, making it nearly impossible to meet customer demands. Long queues and empty shelves have become a common sight, frustrating consumers who rely on these stores for affordable necessities. With no other option, many shoppers have turned to local markets to purchase goods. However, skyrocketing prices in open market have made it ...
Food Prices Surge Across Pakistan Ahead of Ramadan
Business, Latest, Pakistan

Food Prices Surge Across Pakistan Ahead of Ramadan

As Ramadan approaches, food prices across Pakistan have soared, making essential items unaffordable for many citizens. Fruits, vegetables, and meat prices have skyrocketed despite government’s official price lists, leaving consumers frustrated over unchecked inflation. Steep rise in prices over just a few days has worsened public concerns. Fruit and Vegetable Prices Climb in Lahore Markets and bazaars in Lahore are selling essential food items at rates well above official prices: Apples: Official price Rs305 per kg, market price Rs335 per kg Bananas: Official price Rs270 per dozen, market price Rs300 per dozen Guavas: Official price Rs220 per kg, market price Rs250 per kg Tomatoes: Selling at Rs20 per kg more than official rate Ginger: Official price Rs340 per kg, ma...
PCB Announces PSL 10 Schedule Today
Business

PCB Announces PSL 10 Schedule Today

The PSL 10 Schedule of the HBL Pakistan Super League (PSL) will begin on April 11. The six-team event will feature 34 matches across four cities—Karachi, Lahore, Multan, and Rawalpindi. Lahore’s Gaddafi Stadium will host two Eliminators, while Rawalpindi Cricket Stadium will host the Qualifier on May 13. The Pakistan Cricket Board (PCB) has officially unveiled the schedule for the highly anticipated 10th edition of the HBL Pakistan Super League (PSL). The tournament will begin on April 11, with defending champions Islamabad United facing Lahore Qalandars at the Rawalpindi Cricket Stadium. The PSL 10 Schedule features 34 matches across four major cities—Karachi, Lahore, Multan, and Rawalpindi—from April 11 to May 18. Lahore’s Gaddafi Stadium will host 13 matches, including the two Elimi...
Zakat Nisab for Ramadan 2025 in Pakistan: Check All Details Here
Business, Pakistan

Zakat Nisab for Ramadan 2025 in Pakistan: Check All Details Here

Pakistan will likely begin Ramadan on March 2, 2025. Federal Ministry of Poverty Alleviation and Social Protection has set the Zakat Nisab at Rs 179,689 for this year. What is Zakat Nisab? Zakat Nisab is minimum amount a Muslim must have before paying Zakat. If a person’s savings meet or exceed this amount, banks will automatically deduct Zakat from their accounts. Zakat Deduction and Affected Accounts Government has issued an official notification to banks, stating: Zakat deduction will take place on March 1 or 2, 2025, depending on when Ramadan begins. Banks will deduct Zakat from savings accounts, profit and loss-sharing accounts, and similar deposit accounts. Current accounts will remain exempt from Zakat deductions. Rules for Zakat Deduction Zakat and Us...
Inflation in Pakistan Likely to Rise Again This Ramadan
Business

Inflation in Pakistan Likely to Rise Again This Ramadan

Inflation in Pakistan is expected to rise again during Ramadan, despite the country's recent economic progress. Ministry of Finance has released its Monthly Economic Update Outlook Report, highlighting significant improvements in key financial indicators over the first seven months of current fiscal year. Key Economic Indicators Report shows that export industries expanded, inflation eased, and financial stability improved due to policy rate reductions and a surge in remittances. From July to January, remittances increased by 31.7%, reaching $20.84 billion. Experts expect further growth in remittances during Ramadan, Eidul Fitr, and Eidul Adha, with total volume potentially hitting a record $35 billion by June. Foreign direct investment (FDI) surged by 56%, reaching $1.52 billion...