PAKISTAN FLOUR PRICES

Caught in crossfire, Shehbaz Sharif faces an uphill task ahead

The US ambassador to Pakistan, Donald Blome, wrote on X (formerly Twitter), that he is looking forward to working with the government and the people of Pakistan. However, before accepting the results, the US had to coin a new term of elections being "clearly competitive" to sidestep the rigging allegations.

Pakistan: Inflation stays above 40 pc for second week in row

An official data reported by Dawn newspaper reveals that Pakistan's annual short-term inflation has persisted above 40% for the second consecutive week. This alarming economic situation is primarily attributed to a substantial surge in gas prices.

Tank to Tractor: Pakistan Army transforms into 'farmers', becomes largest landowner amid food crisis

Pakistan's army has taken control of a large parcel of land to address the critical food crisis in the country. With a hunger level categorized as 'serious' according to the Global Hunger Index, Pakistan ranks 102 out of 125 nations. Inflation and poverty rates have soared, leading to desperate conditions for the masses.

Pakistan: Short-term inflation surges to 29.88% after rise in price of kitchen products

Short-term inflation in Pakistan has surged 29.88 per cent year on year in the week ending on November 2 due to the increasing prices of kitchen products, according to official data released on Friday, Dawn reported.

Pakistan: Weekly inflation jumps to 31 per cent

Pakistan yet again witnessed a year-on-year increase in short-term inflation which now stood at 30.82 per cent for the week ending on August 10, official data from Pakistan Bureau of Statistics (PBS) stated, ARY News reported. The short-term inflation rate was measured by Sensitive Price Indicator (SPI).

Pakistan: Inflation touches 29.8 per cent amid rise in food, energy prices

In Pakistan, weekly inflation rose by 1.30% and annualised inflation increased to 29.83% due to a sharp rise in energy and food prices, including tomatoes, LPG, petrol and diesel, chilli powder, garlic, onion, powdered milk, eggs, and broken basmati rice, among others. Meanwhile, the price of mustard oil, chicken, and vegetable ghee decreased.

At Rs 320 per kg, Pakistan's Karachi struggles with world's most expensive flour prices amidst economic crisis

Karachi, Pakistan's major city, is now facing the highest flour prices in the world, standing at Rs 320 per kilogram or Rs 3,200 per 20 kilograms, marking its highest price in 58 years. This has surpassed the previous high of Rs 3,000 for a 20 kg bag, making it the most expensive flour city in Pakistan. Other Pakistani cities are also witnessing a significant rise in prices of flour and sugar, putting immense financial strain on the population. Karachi has been ranked one of the world's least livable cities, adding to the city's woes.

Pakistan: Sugar, flour prices soar once again in Balochistan

Many districts of poverty-struck Balochistan are witnessing a rise in the prices of sugar and flour once against.

Climate issues in Pakistan & rice exporting companies; 4 stocks with an upside potential of up to 35 %

Recent climatic conditions in parts of Pakistan and China have led to sudden rise in the price of rice. Will this bring an opportunity for rice exporting companies of India and also the retail investors ?

Unprecedented shortage of wheat may lead to anarchy in Pakistan

The ongoing economic crisis in Pakistan is a classic example of this phenomenon where poor citizens have been battling backbreaking inflation and food crises for months now without any support from various custodians of power.

PoK impressed by J-K's development, questions Pakistan's fraud narrative

The News Intervention reported on the devastation caused in Kashmir during the 1980s and 1990s, as young men were brainwashed into believing in the "Jihad" to liberate Kashmir. Millions of rupees that could have been invested in human development were instead invested in negativity and destructive activities, while the Pakistani generals, politicians, and clerics who supported the Jihad benefited financially.

Pakistanis reeling under skyrocketing inflation as cash-strapped government struggles to stabilise economy

Cash-strapped Pakistan's economy has been in a free fall mode for the last many years, bringing untold pressure on the poor masses in the form of unchecked inflation, making it almost impossible for a vast number of people to make ends meet. Their woes increased manyfold after last year's catastrophic floods that killed more than 1,700 people and caused massive economic losses.

Deadly chaos as Pakistanis scramble for scarce donations

In all, 16 people have been killed in chaos at charity distributions, shocking Pakistan, especially during the Islamic fasting month of Ramadan, a time for giving and spiritual reflection. But this year, economic malaise seems to be eroding society's ability to cope.

Inflation surges to nearly 40 per cent in crisis-hit Pakistan

Pakistan is trying hard to contain inflation in the last few weeks, but with little success. The recent hike in inflation comes even as the Pakistan government imposed new taxes and increased petroleum prices to fulfill the demand of the International Monetary Fund (IMF) before releasing USD 1.1 billion dollars under an already agreed USD 7 billion deal.

Pakistan facing net wheat deficit of 2.37 million metric tons, says food minister

At present, Pakistan is facing its worst-ever flour crisis with parts of the country reporting a shortage of wheat and stampedes reported from several areas in Khyber Pakhtunkhwa, Sindh and Balochistan provinces.

Protests erupt in PoK as residents grapple with economic, flour crisis

The rainfalls followed by flash floods and aided by crumbling infrastructure and insufficient government response mechanisms wreaked havoc in Balochistan in 2022. As per the situation reports of the National Disaster Management Authority, as of November, 336 people died and 187 were injured in the aftermath of the floods in Balochistan, stated The News International report.

Pakistan is South Asia's weakest economy: World Bank report

​Pakistan had unprecedented floods in July last year, devastating large swathes of farmlands. The forex reserves in the country which hit a new low of USD 4.6 billion would only be enough to pay for foreign import bills for three weeks. The analysts put Pakistan's need for relief at USD 33 billion.

Explained: How Pakistan ran out of food and key factors for its economic crisis

Pakistan staring at bankruptcy, next few months critical for the economy

Pakistan's Prime Minister Shahbaz Sharif who is in the UAE announced on Thursday that the Gulf nation has agreed to provide a $2 billion loan along with an additional $1 billion to support the economy.

Pakistan flour crisis worsens; prices skyrocket amidst wheat shortage, stampedes reported

Tens of thousands spend hours daily to get the subsidized bags of flour that are already short in supply in the market. Chaotic scenes are often witnessed as people gather around vehicles pushing each other as the mini-trucks and vans escorted by armed guards go about distributing the flour.

Pakistan flour crisis worsens; stampedes reported as prices skyrocket amidst wheat shortage

ET Explainer: All you need to know on Pakistan's worst flour crisis

The prices of wheat flour, which is one of the key constituents of the staple diet of people in Pakistan, have skyrocketed amid the ongoing crisis. In Karachi, flour is being sold for Rs 140/kg-160/kg. Meanwhile, in Islamabad and Peshawar, a 10kg bag of flour is being sold at Rs 1,500 and a 20kg bag at Rs 2,800.

Pakistan government increases prices of wheat flour, sugar, ghee in utility stores

The price of sugar under the new rates has increased to Rs89 per kg from Rs70 per kg, an increase by 27 per cent. The price of ghee has increased to Rs375 per kg from Rs75 per kg. The Wheat flour price has increased to Rs64.8 per kg from Rs40 per kg, a 62 per cent increase.