The ministerial meeting on Ukraine started soon after Russia made its decision to halt the agreement. The deal gave Kyiv permission to transport grain over the Black Sea.
According to figures from the Pakistan Bureau of Statistics (PBS), CPI-based inflation reached 36.4 per cent in April 2023 while rising 1.6 per cent month-over-month (MoM) in May.
The central bank said there were upward pressures from an early onset of summer, heat waves and unseasonal rains on food prices in the first half of the year
The data released by the Pakistan Bureau of Statistics (PBS) revealed that the increase was particularly driven by rising food prices, which resulted in a 0.51 per cent increase in short-term inflation on a week-on-week basis.
The World Bank has warned that Pakistan's inflation is projected to further rise to 29.5 per cent in the fiscal year 2023 due to higher energy and food prices and the weaker Rupee, Dawn reported.
The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 126.9 points in March 2023, down 2.1 per cent from the previous month and 20.5 per cent below its peak level of March 2022.
According to the official data, the crime rate in the first three-and-a-half months of the year shows that over 90 per cent of them have been committed at gunpoint. This shows that robbers are fearless and brandish illegal weapons in the city to deprive the citizens of cash and valuables. Th
Pakistan is on the verge of bankruptcy and is roiled by several crises such as food shortage, high inflation, shrinking trade, unemployment, power outage, political instability, and growing debt. Yet, the focus has been on making religious punishments more rigorous.
Food prices in Pakistan continue to soar as the South Asian country is under a massive grip of economic crisis. The surge in prices has skyrocketed amid the ongoing month of Ramadan, Geo News reported.
The Pakistan Bureau of Statistics (PBS) in its weekly report on the movement in prices of 51 essential items, collected from 50 markets in 17 major cities around the country said that the year-on-year (YOY) shows a rise of 30.60 percent.
The critical situation of the currency crisis in Sri Lanka has resulted in political, economic and social turmoil. Further, this currency collapse has resulted in a rise in food prices by 100 per cent in two years. Amid all this, President Ranil Wickremesinghe has sought support, The Island