Business

Flour prices hit all-time high in Pakistan

Published

2 years ago

Farwa

20-kg flour bag being sold at Rs2,400 in Karachi and Quetta.
In Hyderabad, a 20kg flour bag is being sold at Rs2260.
Price of 20Kg flour bag is up to Rs980 in major cities of Punjab.

Prices of flour have reached an all-time high in the country as a 20-kg flour bag is being sold at Rs2400 in Karachi and Quetta, said the Pakistan Bureau of Statistics (PBS).

According to the data released by the PBS, in Quetta with an increase of Rs480 per 20Kg during the last 15 days, flour is being sold at Rs120/Kg, while in Karachi price per 20/Kg flour bag has risen to Rs260 in the last 15 days.

As per data, in Hyderabad, a 20kg flour bag is being sold at Rs2260, while in Larkana the price of 20Kg flour bag has been set at Rs2100.

Similarly, the price of 20Kg flour bag has reached Rs2,040 in Sukkur and 2,200 in Khuzdar.

PBS stats show that the price of 20Kg flour bag is up to Rs980 in major cities of Punjab, while in Islamabad, the 20 kg flour bag is of the same price.

‘Inflation rate dropped to 0.19%’

A day earlier, The Pakistan Bureau of Statistics (PBS), however, reported that the SPI-based inflation rate dropped to 0.19% during the week ended September 15 compared to last week.

Data released by the Pakistan Bureau of Statistics (PBS) showed that the average prices of 10 essential items, onions, tomatoes, bananas and other items declined during the outgoing week.

Prices of 30 items, including tea, eggs have rose. Meanwhile, the rates for 11 essential goods remained unchanged.

The combined income group index went down from 225.67 points during the week that ended on September 8 to 224.98 points in the week under review.

On weekly basis prices of following essential items rose:

Food items:

Tea Lipton 190 gram — 6.30%
Pulse Moong (washed) — 3.46%
Eggs — 2.54%
Pulse Gram — 2.53%
Eggs — 3.84%
Cooked beef — 2.53%
Wheat flour — 1.96%
Bread — 1.45%

On weekly basis prices of following essential items decreased:

Food items:

Onions — -16.24%
Tomatoes — -9.84%
Bananas — -2.5%
Chicken — -1.88%
Sugar — -0.95%
Vegatable Ghee (1kg) — -0.39%
Potatoes — 0.33%

Non-food items:

LPG — -2.62%

Business

The total amount of Pakistan’s liquid foreign reserves is $15.95 billion.

Published

3 days ago

Farwa

As of February 14, Pakistan’s total liquid foreign reserves were $15,947.9 million, with the State Bank of Pakistan’s (SBP) holdings being $11,201.5 million.

Official figures for the week ending February 14, 2025, show that the central bank’s liquid foreign exchange reserves rose by $35 million to $11,201.5 million.

Commercial banks maintained net foreign reserves of $4,746.4 million during the period under review, according to the breakdown of foreign reserves.

The nation’s total liquid foreign reserves as of the week ending February 07, 2025, were $15,862.6 million.

Of these, the central bank held $11,166.6 million in foreign reserves, while commercial banks kept $4,696 million in net reserves.

Business

In January 2025, RDA inflows reach 9.564 billion USD.

Published

2 weeks ago

Farwa

Remittances under the Roshan Digital Account (RDA) increased from US $9.342 billion at the end of 2024 to US $9.564 billion by the end of January 2025.

The most recent data issued by the State Bank of Pakistan (SBP) revealed that remittance inflows in January totaled US$222 million, compared to US$203 million in December and US$186 million in November 2024.

Millions of Non-Resident Pakistanis (NRPs), including those who own a Non-Resident Pakistan Origin Card (POC), desire to engage in banking, payment, and investing activities in Pakistan using these accounts, which offer cutting-edge banking options.

Nearly 778,697 accounts were registered under the scheme by the end of January 2025, according to the data.

By the end of January, foreign-born Pakistanis had contributed US $59 million to Roshan Equity Investment, US $479 million to Naya Pakistan Certificates, and US $799 to Naya Pakistan Islamic Certificates.

Business

FBR lowers Karachi’s built-up structure property valuation rates

Published

2 weeks ago

Farwa

A year-by-year breakdown of the depreciation value of residential and commercial built-up properties is included in the updated property valuation rates for Karachi that the FBR has announced.

The notification said that built-up structural values on residential property will be gradually reduced.

A residential home’s built-up structure, which is five to ten years old, will lose five percent of its worth.

In a similar vein, constructions between the ages of 10 and 15 will lose 7.5% of their value, while those between the ages of 15 and 25 would lose 10%. Built-up structures that are more than 25 years old will be valued similarly to an open plot.

Furthermore, age will also be used to lower the valuation of built-up properties, such as apartments and flats.

Structures that are five to ten years old will depreciate by ten percent, while those that are ten to twenty years old will depreciate by twenty percent. A 30% depreciation will be applied to properties that are 20 to 30 years old, while a 50% reduction will be applied to those that are above 30 years old.

In terms of commercial built-up properties, buildings that are 10 to 15 years old will lose 5% of their value, while those that are 15 to 25 years old will lose 8%. The value of properties that are more than 25 years old will drop by 10%.

In contrast, there would be a 15% boost in the value of commercial properties in the Defence Housing Authority (DHA) that face any Khayaban.