The fresh drop came after the government failed to make any headway in its talks with the International Monetary Fund (IMF) for the revival of its stalled USD 6.5 billion loan programme.
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Demand for natural gas from price-sensitive industrial and power sectors may be limited in times of rising prices, as they switch to cheaper alternate fuels, Fitch Ratings said in a report on Tuesday.
Tens of thousands spend hours daily to get the subsidized bags of flour that are already short in supply in the market. Chaotic scenes are often witnessed as people gather around vehicles pushing each other as the mini-trucks and vans escorted by armed guards go about distributing the flour.
People on Sunday protested over rising flour and other vital commodity prices in a number of Khyber Pakhtunkhwa cities and demanded that the government take immediate action to regulate prices and guarantee the supply of daily-use food products in the province, Dawn reported.
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Following a record increase in price, it is now harder for low-income groups to buy a bag of flour in Pakistan and people are looking to the government for help, according to The News International newspaper.
Factors such as higher import and transportation costs, crop availability, demand and supply gap, hoarding, exchange rate issues, and the ongoing economic crisis have resulted in uncontrolled inflation in Pakistan, even on essential food items, the Dawn reported, adding that the condition wa