Weekly inflation reaches 42.27pc in Pakistan

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.


Pakistani rupee inches up against US dollar, Euro, Pound, Riyal and Dirham; Check latest rates here

Pakistani rupee witnessed upward trajectort against US dollar and other currencies amid positive economic cues.

Dollar Rate in Pakistan Today

On Wednesday, the US dollar moved down and was being quoted at 283.7 for buying and 286.75 for selling.

Euro remained stable at 309 for buying and 312 for selling. British Pound rate increased to 361 for buying, and 364 for selling.

UAE Dirham AED dropped to 77.6 whereas the Saudi Riyal rate stands at 76.

Today's currency exchange rates in Pakistan - 6 December 2023

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar USD 283.7  286.75 
Euro EUR 309  312 
UK Pound Sterling GBP 361  364 
U.A.E Dirham AED 77.6 78.3
Saudi Riyal SAR 76 76.8
Australian Dollar AUD 187.72 188.22
Bahrain Dinar BHD 758.58 766.58
Canadian Dollar CAD 209 211
China Yuan CNY 39.93 40.33
Danish Krone DKK 41.41 41.81
Hong Kong Dollar HKD 36.49 36.84
Indian Rupee INR 3.42 3.53
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 923.13 932.13
Malaysian Ringgit MYR 60.97 61.57
New Zealand Dollar NZD 175.89 177.89
Norwegians Krone NOK 26.68 26.98
Omani Riyal OMR 740.01 748.01
Qatari Riyal QAR 78.36 79.06
Singapore Dollar SGD 211 213
Swedish Korona SEK 27.45 27.75
Thai Bhat THB 8.09 8.24

Gold price sees major drop in Pakistan; Check today gold rates - 6 Dec 2023

KARACHI – Gold prices in the local market continue to decline in line with the international market.

Gold Rates in Pakistan Today - 6 December 2023

On Wednesday, the price of a single tola of 24-karat gold stands at Rs219,400 and 10 grams of 24k gold costs Rs188,100. 

Each tola for 24 karat is Rs216,700, 22 Karat is Rs198,640, and 21 karat rate per tola is Rs189,613 and 18k gold rate is Rs162,525.00 for single tola.

In the global market, the precious metal moved down, and hovers around $2023 per ounce after drop of around $10.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 219,400 PKR 2,625
Karachi PKR 219,400 PKR 2,625
Islamabad PKR 219,400 PKR 2,625
Peshawar PKR 219,400 PKR 2,625
Quetta PKR 219,400 PKR 2,625
Sialkot PKR 219,400 PKR 2,625
Attock PKR 219,400 PKR 2,625
Gujranwala PKR 219,400 PKR 2,625
Jehlum PKR 219,400 PKR 2,625
Multan PKR 219,400 PKR 2,625
Bahawalpur PKR 219,400 PKR 2,625
Gujrat PKR 219,400 PKR 2,625
Nawabshah PKR 219,400 PKR 2,625
Chakwal PKR 219,400 PKR 2,625
Hyderabad PKR 219,400 PKR 2,625
Nowshehra PKR 219,400 PKR 2,625
Sargodha PKR 219,400 PKR 2,625
Faisalabad PKR 219,400 PKR 2,625
Mirpur PKR 219,400 PKR 2,625


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