Author: Muhammad Usman

A report recently released by the Pakistan Bureau of Statistics reflects a weekly inflation rate to 0.22%. That means there is some good news for consumers, as prices of essential commodities are stabilizing. The annual inflation rate as a whole now has moved to 15.15%, providing some kind of relief to households bearing increasing costs in the past few months. Price Movements of Essential Commodities Thirteen of the basic commodities appreciated in price, 10 depreciated in price, and 28 were unchanged. The balance indicates a competitive market environment where consumers have a choice. Notable changes include the fact that potatoes…

The prices of major petroleum products, including petrol and high-speed diesel (HSD), are projected to see a reduction starting November 1, offering relief to the public. This decrease follows minor adjustments in the international oil market. Global Market Fluctuations Drive Price Reduction Over the past fortnight, the global prices of petrol and HSD witnessed slight declines. Informed sources indicate that the average petrol price dropped from approximately $77.5 to $76 per barrel, while HSD went down from $86.5 to about $84 per barrel. These shifts, coupled with stable import premiums, contributed to the anticipated Rs2-3 per litre reduction for Pakistani…