Weekly inflation update: Prices of essential items fluctuate
The Pakistan Bureau of Statistics (PBS) has reported a 0.21 per cent decrease in inflation over the past week, though on a yearly basis, inflation has risen by 1.02 per cent.
Pakistan’s inflation rate dropped to 4.1 per cent in December 2024
WEB DESK: Pakistan’s headline inflation, measured by the Consumer Price Index (CPI), dropped to 4.1 per cent year-on-year in December 2024, down from 4.9 per cent in November, according to data released by the Pakistan Bureau of Statistics (PBS) on Wednesday. This marks the lowest inflation rate in 81 months,
Pakistan achieves mere 0.92 per cent GDP growth in Q1 FY25
WEB DESK: Pakistan’s economy recorded GDP growth of 0.92 per cent in the first quarter of FY 2024-25 (1QFY25), as per the latest figures released by the Pakistan Bureau of Statistics (PBS). The agriculture and services sectors showed resilience, while the industrial sector struggled with a contraction. Sectoral performance: key
SPI inflation soars 5.08 per cent YoY amid surging food, gas prices
WEB DESK: The Sensitive Price Index (SPI) inflation for the week ending December 26, 2024, recorded a year-on-year increase of 5.08 per cent, as reported by the Pakistan Bureau of Statistics (PBS). Among the key contributors to this surge are Tomatoes (138.53 per cent), Ladies Sandals (75.09 per cent), Potatoes
Weekly inflation climbs 0.38 per cent in Pakistan
WEB DESK: The Pakistan Bureau of Statistics (PBS) reported that the Sensitive Price Index (SPI) rose by 0.38 per cent for the week ending December 19 2024, primarily due to rising food prices. Key contributors to the uptick included a staggering 56.66 per cent increase in tomato prices, alongside smaller
Pakistan’s exports to Central Asia increased by 1.09 per cent in 2024
WEB DESK: The Pakistan Bureau of Statistics reported that during the current fiscal year, exports from Pakistan to five Central Asian countries, including Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan, registered a minor increase in trade of 1.09 per cent. As per the report, from July to October 2024, exports to
Pakistan’s IT exports surge 39% in October
ISLAMABAD: Exports from Pakistan in the telecommunications, computer, and information services segment observed a notable leap of 38.66% in October, soaring to $330 million compared to $238 million in the same month last year. Information Technology has remained the largest contributor to services exports from the country with 47.9% share
Pakistan Textile exports rise 10.44pc in four months
ISLAMABAD: Pakistan’s textile exports recorded an increase of 10.44 per cent in the first four months of the ongoing fiscal year. Pakistan Bureau of Statistics data showed that the total textile export reached $6.146 billion, up from $5.565 billion during the same period last year. According to (PBS), overall exports
Weekly inflation increases due to higher food prices
ISLAMABAD: The Sensitive Price Index (SPI)-based inflation rose by 0.24 per cent for the week ending November 7, 2024, as reported by the Pakistan Bureau of Statistics (PBS). This increment reflects ongoing pressures from rising fuel and food costs, affecting essential items across the country. Weekly price movements highlight key
Finance Division projects October inflation in Pakistan at 6-7 per cent
The Finance Division on Wednesday forecast that inflation in Pakistan is expected to be between 6-7 per cent in October and further moderate to 5.5-6.5 per cent by November. The ministry said in its monthly economic update and outlook report that economic recovery is expected in the coming months. Inflation