ISLAMABAD – The weekly inflation reached 42.27 per cent year-on-year owing to the rising prices of edible oil, pulses and vegetables.
According to data released by the Pakistan Bureau of Statistics (PBS) on Friday, the short-term inflation is expected to intensify further as the full impact of depreciation, hike in general sales tax rate and higher energy prices has yet to reflect in official data.
Week-on-week inflation remained 1.37pc for the seven-day period ending on March 9, with bananas, chicken, sugar, cooking oil, gas and cigarettes becoming costlier.
Of the 51 items in the SPI basket, prices of 29 items increased while those of eight items decreased. Rates of 14 items remained stable.
During the week under review, the items whose prices increased the most over the same week a year ago were onions (305.23pc), cigarettes (165.66pc), gas charges for the first quintile (108.38pc), diesel (93.82pc), eggs (78.63pc), rice Irri 6/9 (78.14pc), petrol (77.89pc), rice basmati broken (77.27pc), bananas (74.01pc), pulse moong (72.54pc), tea Lipton (66.31pc), pulse mash (56.02pc), pulse gram (55.97pc) and bread (55.36pc).
In contrast, the highest year-on-year fall was recorded in the prices of tomatoes (41.79pc) and chilli powdered (7.42pc).
The government has been taking strict measures under the International Monetary Fund (IMF) programme, which is likely to slow down economic growth and stoke inflation.
The increase in the policy rate to 20pc, general sales tax rate from 17pc to 18pc on most items and to 25pc on more than 800 imported food and non-food items will further increase retail prices of consumer goods.
Daily Pakistan Global Web Desk
KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on May 27, 2023 (Saturday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency | Symbol | Buying | Selling |
US Dollar | USD | 307.9 | 311.15 |
Euro | EUR | 330 | 333 |
UK Pound Sterling | GBP | 381 | 384.5 |
U.A.E Dirham | AED | 84.6 | 85.4 |
Saudi Riyal | SAR | 82.6 | 83.4 |
Australian Dollar | AUD | 201 | 203 |
Bahrain Dinar | BHD | 762.21 | 770.21 |
Canadian Dollar | CAD | 225.5 | 227.5 |
China Yuan | CNY | 40.6 | 41 |
Danish Krone | DKK | 41.39 | 41.78 |
Hong Kong Dollar | HKD | 36.6 | 36.95 |
Indian Rupee | INR | 3.47 | 3.58 |
Japanese Yen | JPY | 2.15 | 2.2 |
Kuwaiti Dinar | KWD | 932.2 | 941.2 |
Malaysian Ringgit | MYR | 62.42 | 63.02 |
New Zealand Dollar | NZD | 176.98 | 178.98 |
Norwegians Krone | NOK | 26.14 | 26.44 |
Omani Riyal | OMR | 744.58 | 752.57 |
Qatari Riyal | QAR | 78.73 | 79.41 |
Singapore Dollar | SGD | 215 | 217 |
Swedish Korona | SEK | 26.73 | 27.03 |
Swiss Franc | CHF | 316.34 | 318.84 |
Thai Bhat | THB | 8.28 | 8.43 |
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 235,550 on Saturday.The price of 10 grams of 24k gold was recorded at Rs201,950.
Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.
Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.
City | Gold | Silver |
Lahore | PKR 235,550 | PKR 2,450 |
Karachi | PKR 235,550 | PKR 2,450 |
Islamabad | PKR 235,550 | PKR 2,450 |
Peshawar | PKR 235,550 | PKR 2,450 |
Quetta | PKR 235,550 | PKR 2,450 |
Sialkot | PKR 235,550 | PKR 2,450 |
Attock | PKR 235,550 | PKR 2,450 |
Gujranwala | PKR 235,550 | PKR 2,450 |
Jehlum | PKR 235,550 | PKR 2,450 |
Multan | PKR 235,550 | PKR 2,450 |
Bahawalpur | PKR 235,550 | PKR 2,450 |
Gujrat | PKR 235,550 | PKR 2,450 |
Nawabshah | PKR 235,550 | PKR 2,450 |
Chakwal | PKR 235,550 | PKR 2,450 |
Hyderabad | PKR 235,550 | PKR 2,450 |
Nowshehra | lPKR 235,550 | PKR 2,450 |
Sargodha | PKR 235,550 | PKR 2,450 |
Faisalabad | PKR 235,550 | PKR 2,450 |
Mirpur | PKR 235,550 | PKR 2,450 |
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