Tag: Pakistan

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...
Rainfall Lashes Parts of Country, Bringing Relief and Refreshing Change
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Rainfall Lashes Parts of Country, Bringing Relief and Refreshing Change

Heavy rainfall swept across various parts of country on Thursday, bringing a significant drop in temperature and a refreshing change in atmosphere. Cities in Punjab, Khyber Pakhtunkhwa, Sindh, and Balochistan witnessed light to heavy showers, much to the delight of residents. Punjab Welcomes a Cool Spell Several cities in Punjab, including Lahore, Mianwali, Attock, Chakwal, Sialkot, Narowal, Mandi Bahauddin, Jhelum, Gujranwala, Sheikhupura, Hafizabad, and Gujrat, experienced heavy downpours. Sudden showers caused temperatures to drop, and intermittent drizzles continued throughout the day. Residents welcomed cool breeze, enjoying a much-needed respite from previous warm weather. In Phool Nagar, rain persisted since morning, accompanied by strong winds that further enhanced the co...
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...
PM Shehbaz Visits Uzbekistan for Bilateral Talks
Pakistan

PM Shehbaz Visits Uzbekistan for Bilateral Talks

Prime Minister Shehbaz Sharif arrived in Uzbekistan on Tuesday for a two-day visit after concluding his trip to Azerbaijan. His visit aims to strengthen bilateral relations between Pakistan and Uzbekistan in key sectors, including trade, investment, defense, and energy. PM Shehbaz is scheduled to meet Uzbek President Shavkat Mirziyoyev to discuss mutual interests and opportunities for collaboration. Both leaders will explore ways to enhance economic and strategic ties, reinforcing their commitment to regional connectivity and shared development goals. During the visit, two countries will sign several Memorandums of Understanding (MoUs) to formalize agreements in various sectors. As part of his engagements, PM Shehbaz will address Pakistan-Uzbekistan Business Forum, where he will hig...