Business

Flour prices hit all-time high in Pakistan

Published

3 years ago

Farwa

20-kg flour bag being sold at Rs2,400 in Karachi and Quetta.
In Hyderabad, a 20kg flour bag is being sold at Rs2260.
Price of 20Kg flour bag is up to Rs980 in major cities of Punjab.

Prices of flour have reached an all-time high in the country as a 20-kg flour bag is being sold at Rs2400 in Karachi and Quetta, said the Pakistan Bureau of Statistics (PBS).

According to the data released by the PBS, in Quetta with an increase of Rs480 per 20Kg during the last 15 days, flour is being sold at Rs120/Kg, while in Karachi price per 20/Kg flour bag has risen to Rs260 in the last 15 days.

As per data, in Hyderabad, a 20kg flour bag is being sold at Rs2260, while in Larkana the price of 20Kg flour bag has been set at Rs2100.

Similarly, the price of 20Kg flour bag has reached Rs2,040 in Sukkur and 2,200 in Khuzdar.

PBS stats show that the price of 20Kg flour bag is up to Rs980 in major cities of Punjab, while in Islamabad, the 20 kg flour bag is of the same price.

‘Inflation rate dropped to 0.19%’

A day earlier, The Pakistan Bureau of Statistics (PBS), however, reported that the SPI-based inflation rate dropped to 0.19% during the week ended September 15 compared to last week.

Data released by the Pakistan Bureau of Statistics (PBS) showed that the average prices of 10 essential items, onions, tomatoes, bananas and other items declined during the outgoing week.

Prices of 30 items, including tea, eggs have rose. Meanwhile, the rates for 11 essential goods remained unchanged.

The combined income group index went down from 225.67 points during the week that ended on September 8 to 224.98 points in the week under review.

On weekly basis prices of following essential items rose:

Food items:

Tea Lipton 190 gram — 6.30%
Pulse Moong (washed) — 3.46%
Eggs — 2.54%
Pulse Gram — 2.53%
Eggs — 3.84%
Cooked beef — 2.53%
Wheat flour — 1.96%
Bread — 1.45%

On weekly basis prices of following essential items decreased:

Food items:

Onions — -16.24%
Tomatoes — -9.84%
Bananas — -2.5%
Chicken — -1.88%
Sugar — -0.95%
Vegatable Ghee (1kg) — -0.39%
Potatoes — 0.33%

Non-food items:

LPG — -2.62%

Business

PEL Ships Transformers to Start US Exports

Published

18 hours ago

Bilal

Through stable and efficient trade regulations, the Special Investment Facilitation Council has helped promote Pakistani industrial exports internationally.

With the first shipment of transformers departing Pakistan for the United States on March 13, 2025, Pak Electron Limited formally started exporting its goods to the United States.

PEL wants to increase its worldwide visibility and investigate new overseas prospects. Under its power and appliances segment, the company produces high-quality goods like transformers and home appliances.

Additionally, PEL has alliances with major global corporations including General Electric, Mitsubishi, and Hitachi.

Business

The FBR has extended the deadline for sales tax returns until March 27.

Published

19 hours ago

Bilal

The Federal Board of Revenue (FBR) extended the deadline for submitting Sales Tax and Federal Excise reports to March 27, 2025, to assist taxpayers.

The FBR has issued an official notification concerning the prolongation, as per reports.

The initial deadline for submitting Sales Tax and Federal Excise reports for the February 2025 tax period, originally set for March 18, 2025, has been extended to March 27, 2025.

The determination has been rendered pursuant to Section 74 of the Sales Tax Act 1990 and Section 43 of the Federal Excise Act 2005.

FBR officials indicated that the extension is intended to alleviate challenges encountered by taxpayers, permitting them to complete their returns within the specified timeframe without inconvenience.

Taxpayers are encouraged to utilize the extended deadline and submit their returns punctually to evade any possible fines.

The FBR regularly extends tax return deadlines to assist the corporate sector and facilitate seamless tax compliance.

Business

Stocks fall as PSX is under selling pressure.

Published

2 days ago

Bilal

The benchmark KSE-100 Index dropped more than 600 points during Monday’s opening trading hours, sending the Pakistan Stock Exchange (PSX) plunging.

The benchmark index had dropped 635 points and was now trading at 117,806.25.

The PSX’s decline was attributed primarily to selling pressure.

Important industries include fertilizer, auto assemblers, refineries, OMCs, and oil and gas exploration firms. Due to widespread selling, index-heavy stocks such as EFERT, INDU, MARI, OGDC, PPL, and PSO saw negative trading.

Remember that throughout the past week, the PSX has been in a bullish trend, reaching historical highs.

This prolonged increase was fueled by hope for a possible staff-level deal for the International Monetary Fund’s (IMF) $1 billion second EFF tranche.