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Fruit and vegetable costs rise by 150% as a result of strikes and sit-ins.

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5 months ago

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Following extensive strikes by trader associations and political sit-ins around the nation, the prices of fruits and vegetables have increased by as much as 150%.

Worse, things have gotten worse because of the latest road closures in Balochistan, especially in Gwadar. Transport of products has been severely disrupted for the last four days as a result of roadblocks caused by protests in Balochistan. Prices in Quetta have dramatically spiked by Rs100 to Rs150 per kilogramme as a result of cars transporting necessary supplies becoming stalled.

Exorbitant prices are being charged for fruits and vegetables that were formerly reasonably priced. In just a few days, the price of tomatoes went from Rs80 per kg to Rs140, while the price of okra, or bhindi, shot up from Rs150 per kg to Rs400.

Pease is now available for Rs. 100 to Rs. 250 per kg, while apples have also gone up by Rs. 100. In a similar vein, the price of a kilogramme of pumpkin has gone from Rs. 120 to Rs. 200.

While the goods transporters’ strike in Punjab has ended, retailers have been accused of exploiting the situation by arbitrarily raising the price of food items. Price increases of 20% have been reported for commodities including rice, beans, and masalas in the major grain market in south Punjab, among other places. Shop owners are alleged to have unfairly inflated prices even after the strike ended, severely taxing the incomes of the populace.

Perishable goods damage and escalating inflationary pressures are further consequences of the ongoing disruptions. People’s anger at the rising expense of living is becoming more and more evident, and they are urging the government to step in and stabilise food prices as well as solve supply chain problems.

The market price of pulses and rice has reportedly gone up by 20% so far as a result of the walkout, according to residents. The people are concerned about inflation on the one hand, while their cargo is being destroyed by the stopping of commodity vehicles on the other.

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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6 days ago

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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6 days ago

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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6 days ago

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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