Weekly inflation reaches 42.27pc in Pakistan

Web Desk 11:20 AM | 11 Mar, 2023
Weekly inflation reaches 42.27pc in Pakistan
Source: File photo

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.

Web Desk
Web Desk

Daily Pakistan Global Web Desk


Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on May 27, 2023

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

Today's gold rates in Pakistan – May 27, 2023

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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