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Gas Prices Hike Fuels Caused The Annual Short-Term Inflation

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Gas Price Hike Fuels Short-Term Inflation to 42pc

Gas Prices Hike Fuels: SPI’s annual move exceeds 40 percent for the first time since early June. Annually, gas prices increase by 1,100 percent Islama-ABAD: According to official figures released on Friday, a significant spike in gas prices Hike Fuels caused the annual short-term inflation rate to surpass 40% for the first time in more than four months.

The Pakistan Bureau of Statistics (PBS) reported that the inflation rate for the week ending November 16 was 41.9 percent. The primary cause of this surge was the more than 1,100 percent rise in gas prices over the previous year.

سگریٹ (94.5%)، گندم کا آٹا (86.4%)، مرچ پاؤڈر (81.7%)، ٹوٹے ہوئے باسمتی چاول (76.7%)، لہسن (63.6%)، IRRI 6/9 چاول (61.9%)، چائے (54.6%)، گڑ (51%) اور چینی (50%) دیگر اشیاء میں شامل ہیں جن کی قیمتیں سب سے زیادہ بڑھ گئیں۔

اس دوران پیاز کی قیمت میں سال بہ سال سب سے بڑی کمی دیکھی گئی، جو 36.2 فیصد گر گئی۔ ٹماٹر، سرسوں کا تیل، سبزی گھی، اور دال چنے سبھی کی قیمتوں میں -14، -3.95، اور -0.5 فیصد کی کمی دیکھی گئی۔

Cigarettes (94.5%), wheat flour (86.4%), chili powder (81.7%), broken basmati rice (76.7%), garlic (63.6%), IRRI 6/9 rice (61.9%), tea (54.6%), gur (51%) and sugar (50%) were among the other commodities whose prices soared the highest.

Onions, meanwhile, saw the biggest year-over-year price drops, falling 36.2 percent. Tomatoes, mustard oil, vegetable ghee, and pulse grams all saw decreases of -14, -3.95, and -0.5 percent. Sensitive Price Indicator (SPI), which is a basket of goods and services, is used to measure short-term inflation. It increased dramatically from 0.73 percent to 10 percent in the week of November 11–16.

The SPI, which is currently at 309, is calculated every week to evaluate the costs of necessities at more frequent intervals. 51 goods total, gathered from 50 markets spread over 17 cities, make up the index. According to the PBS data, in comparison to the previous week, the prices of 25 items had climbed, 13 had reduced, and 13 had remained essentially the same.

Gas (480pc), tea packets (8.9pc), pulse masoor (5.3pc), chicken (4pc), garlic (3pc), powdered salt (2.9pc), wheat flour (2.6pc), tea prepared (2.07pc), LPG (2.03pc), and potatoes (2pc) were the commodities whose costs increased the most week over week.

However, the products that saw the biggest price reductions were cooking oil (-0.65pc), diesel (-2.2pc), onions (-1.49pc), vegetable ghee (-1.39pc), electricity costs (-16pc), tomatoes (-11.2pc), sugar (-4.2pc), and diesel (-2.2pc).

The SPI’s annual inflation rate peaked in early May at 48.35 percent, but it fell as low as 24.4 percent in late August before surpassing 40 percent last week.

The interim administration announced on November 1st a significant increase in natural gas prices of 194%. Furthermore, consumers could expect an unprecedented increase in fixed monthly gas prices of up to 3,900 percent for both protected and non-protected accounts.

You Can Also Read: Punjab Govt Fixes Wheat Price at Rs139.9

US Dollar Sees Sharp Rise Against Pakistani Rupee

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US Dollar Sees Sharp Rise

US Dollar Sees Sharp Rise: The US dollar started Monday’s trading day valued at Rs287.50, while the interbank exchange rate increased noticeably by 47 paisas.  The foreign currency increased in value by Re1 on the open market to Rs 289. At Rs287.55, the Dollar ended Monday’s trading session. 

امریکی ڈالر نے پیر کے کاروباری دن کا آغاز 287.50 روپے سے کیا، جب کہ انٹربینک ایکسچینج ریٹ میں 47 پیسے کا نمایاں اضافہ ہوا۔ اوپن مارکیٹ میں غیر ملکی کرنسی کی قدر میں 1 روپے کا اضافہ ہوا جس کی قیمت 289 روپے ہوگئی۔ 287.55 روپے پر، ڈالر پیر کے تجارتی سیشن کا اختتام ہوا۔

The US dollar has steadily risen over the last few weeks as Pakistan holds vital discussions with the IMF to get the next instalment of more than $700 million from a billion-dollar loan package.

You Can Also Read: Punjab Govt Fixes Wheat Price At Rs139.9 Per Kg

The US dollar strengthened against the local currency on Friday, the last day of trading, with an increase of 60 paisas in the interbank market. In the Interbank, the US dollar’s new price was Rs287.50. 

انٹربینک ٹریڈنگ کے اختتامی وقت پر، امریکی ڈالر PKR کے مقابلے میں 13 پیسے کے اضافے کے بعد روپے 287.03 تک پہنچ گیا۔

On the final trading day of the current business week, the depreciation of the rupee persisted, according to Forex dealers.

Even after the crackdown and short-term measures to boost the local economy and regain the lost value of the rupee—such as arresting those involved in the hawala/hundi business nationwide—the local value continued to decline to the powerful US dollar, despite its best performance in September of this year. 

Punjab Govt Fixes Wheat Price At Rs139.9 Per Kg 2024

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Punjab Govt Fixes Wheat Price At Rs139.9 Per KG

Punjab govt fixes wheat price: kg According to an ARY News story from Monday, the food department set the retail price of flour at Rs 139.9 per kilogram throughout the province.

The competent authorities published a notification and set the wheat pricing for mills at Rs 4700 per maund with the agreement of the province cabinet.

As to the official announcement, the retail price of flour is fixed at Rs 139.9 per 10kg bag, whereas the price of a 10kg bag of flour discharged from mills is fixed at Rs 1374.

The retail price of flour was set at Rs 127 per kg in Karachi earlier this month. The development results from the flour mills association and Karachi Commissioner Salim Rajput’s fruitful negotiations. At the conference, the mills

Wheat Today Rate Fixed in Pakistan

There has been a recent development in flour prices in the province. In this article, you are given complete details from which you can get help and know how much wheat prices have changed.

The food department has set the retail price of flour at Rs 139.9 per kilogram throughout the province. Wheat pricing for mills has been set at Rs 4700 per maund with the agreement of the province cabinet.

The official announcement mentions that the retail price of flour is fixed at Rs 1399 per 10kg bag, and the price of a 10kg bag of flour discharged from mills is fixed at Rs 1374.

Wheat Prices Increase In Karachi

There was a recent increase in the retail price of flour from Rs 127 per kg to Rs 139.9 per kg in Karachi. The development is attributed to successful negotiations between the flour mills association and Karachi Commissioner Salim Rajput.

Please note that this information is based on the details you provided, and the situation may have changed. It’s advisable to check for the latest updates or confirmations from reliable news sources for the most accurate and current information.

Punjab Announces Today Wheat Price

Punjab government has released the new rate list of wheat. The government has informed that the minimum amount of new wheat is 3600 and the maximum is 3800 to give relief to the people.

You Can Also Read: Get All Information About Punjab Government

Chinese And Pakistani Warships Are Conducting Week-Long Drills

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چین اور پاکستان کی بحریہ نے روس کی تاریخی انڈمان سمندری مشق کے چند دن بعد مشقیں کیں۔

Chinese and Pakistani Warships: Days after the Russian Pacific Fleet and Myanmar practiced fending off attacks in their first-ever maritime exercise and after India and the US promised security cooperation, the Chinese and Pakistan warships are conducting week-long drills in the Arabian Sea.

چین اور پاکستان کی بحریہ بحیرہ عرب میں ہفتے بھر کی مشقیں کر رہی ہیں جب کہ روسی بحرالکاہل کے بحری بیڑے اور میانمار نے اپنی پہلی بحری مشق میں حملوں کو پسپا کرنے کی مشق کی تھی، جب کہ بھارت اور امریکہ نے سیکیورٹی تعاون کا وعدہ کیا تھا۔

The Chinese and Pakistani navy began the exercise in the northern Arabian Sea’s waters and airspace on Saturday at a naval facility in Karachi. The maneuvers included anti-submarine operations. On Nov. 17, the exercise will conclude.

For the first time, China and Pakistan will undertake cooperative sea patrols during the drill, the People’s 

In the Andaman Sea, on the northeastern edge of the Indian Ocean, from November 7–9, Moscow organized “the first Russian-Myanmar naval exercise in modern history.” This marked a significant milestone for Russia’s naval presence in a sea that the US considers to be one of its global security interests.

According to the Interfax news agency, two sizable Russian anti-submarine vessels, Admiral Tributs, and Admiral Panteleyev, practiced last week with a frigate and a corvette from the Myanmar navy.

During efforts to forge closer security connections between Russia and Myanmar as well as China and Pakistan, US Secretary of State Antony Blinken and Defense Secretary Lloyd Austin met with their Indian counterparts on November 10 in New Delhi.

You Can Also Read: US Dollar Sees Sharp Rise Against Pakistani Rupee

Punjab Government Is Considering Using Artificial Rain In Lahore

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Artificial Rain In Lahore

Artificial Rain in Lahore: The Punjab government is considering using artificial rain in the provincial capital later this month in an effort to reduce pollution, as Lahore is once again at the top of the global pollution rankings due to smog.

سموگ کی وجہ سے لاہور ایک بار پھر دنیا کی آلودگی کی درجہ بندی میں سرفہرست ہے، پنجاب حکومت نے اس مسئلے پر قابو پانے کی کوشش کے لیے رواں ماہ کے آخر میں صوبائی دارالحکومت میں مصنوعی بارش کے استعمال کے منصوبے پر غور شروع کر دیا ہے۔

مصنوعی بارش، جسے کلاؤڈ سیڈنگ کے نام سے بھی جانا جاتا ہے، موسم میں تبدیلی کی ایک تکنیک ہے جس کا مقصد بارش کو تیز کرنا ہے۔ یہ بادلوں میں مختلف مادوں کو متعارف کروا کر کیا جاتا ہے جو بارش کے قطروں کی تشکیل کو مزید فروغ دیتے ہیں۔

Cloud seeding, another name for artificial rain, is a method of modifying the weather to cause precipitation. This is accomplished by adding various materials to clouds, which further encourage the development of raindrops Lahore’s air quality index (AQI) was recorded at a “hazardous” 470 on Thursday but dropped to 335 on Friday, according IQAir

On Friday, a meeting was presided over by Punjab’s acting environment minister, Bilal Iqbal, in an attempt to come up with a fresh approach to the ongoing pollution problem. A meeting for consultation was convened to discuss the viability of creating artificial rain, as per a statement released by the environment ministry of the province

Smog Affective in Lahore

It was decided that on November 28 or 29, plans should be made about the artificial rain. A working group was formed under the temporary minister’s instruction to oversee the program. He continued by saying that the working group’s assignment was to assess the procedures that would make it easier for planes to be deployed to create artificial rain.

Iqbal further emphasized that successful artificial rain is only possible in clouds. Mansoor Qadir, the interim provincial education minister, who was in attendance on this occasion, stated that the working committee should thoroughly examine every facet of the program and that their final suggestions would be delivered to the interim chief minister for approval.

Iqbal also had a meeting with Zhao Shiren, the Chinese Consul General, and they talked about the smog problem The topic of enlisting the help of Chinese environmental specialists to address Lahore’s smog problem was raised by the acting provincial minister.

The Care Taker Government Announce Artificial Rain

He ascribed 70% of the current Lahore haze to local transportation, industry, and dust, and 30% to winds coming from India. Artificial rain, according to Iqbal, is the only temporary fix for the issue “We want to find a permanent solution to this problem and make it easier for the incoming government,” he continued, “but the smog will end by next month.

The general consul of China proposed that an air-purifying tower be built in Lahore. Educational institutions will stay closed on Saturday, which is today.

Action is being taken against smoke-emitting automobiles, polluting factories, and people who burn agricultural leftovers. In related news, Lahore High Court heard motions to remove haze from the city. The provincial government’s attorney briefed the court on the suggested actions outlined under the temporary arrangement, which included closing gyms and eateries early.

Judge Shahid Karim noted that some of these recommendations didn’t appear essential since gyms were closed due to the COVID-19 epidemic. In response, the attorney stated that the suggestions were being examined. The judge pointed out that the officers of the appropriate department had a role in smog just as much as the factories did

You Can Also Read: Gas Prices Hike Fuels Caused the Annual Short-Term Inflation