The people of Pakistan's Lahore are now demanding economic relief from the newly formed government of Maryam Nawaz Sharif after suffering from skyrocketing inflation. And additional expenses during the festive season of Ramzan are increasing the strain on their financial condition.
According to the report, the country already records a two- to three-fold inflation in the prices of essential kitchen items, including vegetables, sugar, edible oil, ghee, meat, eggs, and pulses.
Pakistan, in order to cater to its economic downfall, once again raised the prices of domestic natural gas. This action has now become the reason for a countrywide revolt.
The annual short-term inflation in Pakistan remained above 40 per cent for the second week in a row, mainly driven by a massive increase in gas prices, official data showed on Friday, Dawn newspaper reported.
An increase in gas prices has driven the annual short-term inflation in Pakistan to above 40 per cent for the first time in over four months, official data showed on Friday, Dawn reported.
Short-term inflation in Pakistan has surged 29.88 per cent year on year in the week ending on November 2 due to the increasing prices of kitchen products, according to official data released on Friday, Dawn reported.
Pakistan’s National Electric Power Regulatory Authority (NEPRA) has proposed the government to increase the electricity tariff by PKR 3.28 per unit on account of quarterly adjustment, ARY News reported on Friday, ARY News reported.
LHC Justice Tanveer Sultan sought a response from the Pakistan government while hearing the plea challenging the recent increase in the prices of petroleum products.
The Jamaat-e-Islami (JI) on Wednesday announced the schedule of a sit-in in Lahore against the rising inflation, Pakistan-based ARY News reported. The JI will begin its three-day sit-in in Lahore on Thursday, with the party workers gathering outside the governor's house from Al-Hamra hall.