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.
As the Pakistani Rupee (PKR) goes down steadily against the US dollar, experts and stakeholders in Pakistan point fingers at the powerful grip of the grey market and the “significant interference” by the International Monetary Fund (IMF) in the country's banking and currency sectors, reporte
The Pakistan Tehreek-e-Insaf (PTI) blamed the Pakistan Muslim League-N party for the expensive electricity and also warned that the raye might jump around Pakistani Rupee (PKR) 85 per unit in the next few months.
The Pakistani Rupee (PKR) touched a record low of Rs299.64 against the dollar in the interbank market by further sliding 0.63 per cent on Wednesday, ARY News reported.
In the Jaranwala blasphemy incident, the damages suffered due to the burning of churches and the houses of minorities has been estimated to be Pakistani Rupees (PKR) 67 million, reported Dawn.
It is expected that the increase in electricity tariffs per unit could be Pakistani currency (PKR) Rs 3.50–6, which could result in an additional burden of Rs 144.688 billion on the consumers from July 1, 2023.
The Pakistan government had to impose additional taxes of 215 billion Pakistani Rupees (PKR) and slash expenditures by 85 billion PKR in order to strike an agreement with the International Monetary Fund (IMF), The News International reported on Saturday.
The government is thinking of bringing in specialists to draw a time-bound restructuring plan through shadow management in light of the total accumulated losses, which have exceeded PKR 600 billion.
According to the proposal, the government recommended an increase of PKR 3 per unit for the non-protected residential consumers using 1 to 100 units which will take the current per unit cost from PKR 13.48/unit to 16.48/unit. Similarly, for the residential consumers using above 700 units, th