The heat of inflation in electricity prices in Pakistan has been growing steeply with prices soaring, leading to social unrest in the society, and the situation will need Islamabad to undertake a number of comprehensive efforts, The News International reported.
Consumer prices in the 20 countries that use the euro rose 5.3 per cent on average this month compared with a year ago, showed preliminary estimates by Europe’s statistics office, CNN reported.
Indian stock indices were largely steady Thursday morning, largely due to a lack of fresh cues. Sensex and Nifty were just 0.05-0.1 per cent higher at the time of filing this report.
The federal government will import sugar at an inflated price of PKR 220 per kilogram, and the burden will be passed on to the population, which is already suffering from inflation and will be forced to pay exorbitant prices, the Geo News said.
Congress-ruled Karnataka government on Wednesday rolled out the 'Gruha Lakshmi' scheme one among five poll promises made by the Congress during its election campaign.
Nationalist Congress Party (Sharad Pawar faction) leader Supriya Sule on Tuesday called the Central Government's decision to reduce the prices of cooking gas cylinders a 'Jumla' and said that never thought about inflation for past four and a half years.
In an order issued on Sunday, the party's secretary general Syed Nayyer Hussain Bokhari directed workers to protest at the city union council and tehsil levels.
Every day in Pakistan, more people are joining the nationwide protest against excessive electricity prices. As a form of protest, people are taking to the streets and burning their banknotes, ARY News reported.
In response to growing public criticism, Jamaat-e-Islami (JI) agreed on Sunday to stage a nationwide strike against rising electricity rates on September 2, ARY News reported.