Inflation Archives

1Feb

By Muhammad Dastageer ShamsNo Comments

Business, Pakistan

Gold prices crossed 2 lac per tola

The gold prices have crossed the milestone of 2 lac Pakistani rupees per tola in Pakistan. This created a buzz in the jewelry industry and amongst gold traders. This is the first time that gold prices have reached this level in the country. Moreover, the news has caught the attention of investors and the public alike. Gold has always been a popular commodity in Pakistan. Moreover, people often turn to it as a safe haven for their investments. There are many factors that are contributing to this rise in Gold prices to 2 lac per tola. These include factors such as global economic uncertainty, the devaluation of the Pakistani rupee, and increased demand from China and India. According to market analysts, the increase in gold prices is likely to continue. This will make it an attractive...

Microsoft couldn’t save itself from inflation

The world's biggest company Microsoft is under an inflation crisis these days. They lay off 1 percent of their employees recently. Employees have 60 days to find another work. The world is facing massive inflation and economic uncertainty these days Companies like Tesla, Tiktok, Google, and other major sharks are getting off extra fish to save resources. A new addition is Microsoft, the biggest IT company in the world. Earlier they laid off 1800 employees from the offices. According to LinkedIn statistics, it is almost 1 percent of the whole company. Now new news came from the company about further laying off. They gave out notices to 200 employees. According to that, they have 60 days to find another job. After the notice period ended those employees have to leave their offices w...

Petrol and Diesel consumption decreased in June in Pakistan

Petrol and diesel consumption decreased by 12% and 16% respectively in the month of June in Pakistan. The imposition of taxes and ending the subsidies on fuel have affected badly to the people around the country. In the past few months, Pakistan has faced many challenges due to inflation. People around the country are not satisfied with the new government. They have ended the subsidies on petrol and diesel. This has increased the fuel price from 150 to 250 till now. It is due to the imposition of taxes as well. Due to this, the petrol and the diesel demand is decreased by 12% and 16% respectively. Three types of vehicles mainly consume fuel. It includes two, three, and four-wheeler vehicles. However, industrial and agriculture sectors consume diesel. The buying power of the peop...