Tag: increase

  • Honda announces third price hike, Honda 125 is now priced at Rs163,500

    Honda announces third price hike, Honda 125 is now priced at Rs163,500

    Pakistan’s top two-wheeler manufacturer, Atlas Honda has announced another significant price hike for its motorcycles which is Honda’s third price increase in less than five months.

    Honda CD70, the country’s most popular two-wheeler, is now priced at Rs102,900, after an increase of Rs3000. The 100cc Honda Pridor following the increase will be sold for 139,000 after an increase of Rs3000 in its old price of Rs136,900, while the iconic Honda 125 is now priced at Rs163,500 after a hike of Rs4000 in its prior cost.

    The price of the Honda CB 150 SE increased by Rs8,000, bringing the total price to Rs303,900, up from Rs295,900 previously.

    Pakistan’s two-wheeler industry has achieved over 90 per cent localization, according to the Ministry of Industries and Production’s (MOIP) latest report. This means that the majority of a motorbike’s structural and mechanical components are manufactured in Pakistan, with only a few foreign parts.

    Read more: Honda Atlas announces price hike instead of fixing delivery issues

    Despite this, all companies continue to raise their bike pricing without introducing or incorporating any advancement, putting them out of reach for the majority of local consumers.

  • 3Qs of FY-2022: Food exports up by 18.92% to $3.961 bln: PBS

    3Qs of FY-2022: Food exports up by 18.92% to $3.961 bln: PBS

    The national food exports recorded a huge increase of 18.92 per cent during the first three quarters of the current fiscal year as compared to the corresponding period of last year, informed Pakistan Bureau of Statics (PBS).

    The PBS data showed the number increased to $3,961.469 million during July-March (2021-22) from $3,331.257 million in July-March (2020-21).

    Rice exports, with an increase of 14.96 percent, increased from $1,560.429 million to $1,793.909 million.

    The Basmati rice increased from $408.117 million to $496.389 million, which is a 21.63 percent increase. Moreover, an increase in other rice products were recorded from $1,152.312 million to $1,297.519 million, which is a 12.60 sharing growth increase.

    The fish and its related items exports increased from $303.782 million to $309.979 million which is 2.04 percent increase. About fruit exports, the PBS data revealed that the numbers increased from $378.575 million to $294.538 million, which is a 4.22 percent increase.

    The exports of vegetables increased by 1.09 percent, from $245.739 million to $248.413 million; leguminous vegetables (pulses) by 100 percent, from zero exports to $0.068 million; tobacco by 59.35 percent, from $24.736 million to $39.418 million; spices by 18.05 percent, from $70.524 million to $83.251 million; oil seeds, nuts and kernals by 131.41 percent, from $76.348 million to $176.678 million; meat and meat preparations by 1.18 percent, from $247.010 million to $249.934 million whereas the exports of all other food items increased by 56.86 percent, from $424.114 million to $665.282 million.

    Meanwhile, on a year-on-year basis, the exports of food commodities went up by 10.22 percent during March 2022 as compared to the same month last year. They were recorded at $526.466 million against the exports of $477.668 million.

  • Nepra approves Rs1.29 hike in cost per unit for Karachi residents

    On account of monthly Fuel Cost Adjustments (FCA), the National Electric Power Regulatory Authority (NEPRA) raised the cost per unit of power for Karachi residents by Rs1.29.

    It held a public hearing at its headquarters on Karachi Electric’s (KE) request to hike the power tariff under the FCA by Rs3.45 per unit for February. Chairman Tauseef H. Farooqi chaired the public meeting, which was also attended by officials Rafiq Ahmed Sheikh and Engineer Maqsood Anwar Khan.

    According to the officials, KE’s monthly FCA is decided at Rs1.29 per unit based on data analysis.

    The Chairman inquired about Karachi’s load-shedding status and if KE has a gas procurement deal with the Sui Southern Gas Company (SSGC) to address the fuel crisis.

    Load management is only done on feeders with a low recovery rate, according to the latter’s officials, and consumers only have to experience one to one-and-a-half hours of load shedding every day.

    Chairman Farooqui stated that KE’s technology needs to be modernised, and that there should be no load-shedding for bill-paying customers and locations where billing is timely.

    He also mentioned that the NEPRA has posted phone numbers on its website for inhabitants of the city to report any forced load-shedding by any power utility.

    According to the briefing delivered at the meeting, KE’s customers were charged Rs3.28 per unit in January under the FCA. Similarly, the FCA for February was decided to be Rs1.99 lesser than the January billing.

    Muhamad Tanveer, who is a representative of the Karachi Chamber of Commerce (KCCI), denied the FCA, citing that customers are already paying for the January hike and that the FCA should not be transferred to them.

    After reviewing the facts, the NEPRA issued a thorough judgment declaring that the FCA is only levied and set for the month in concern and that it is variable with each hearing depending on the fuel costs for that month.

  • Suzuki Pakistan increases bike prices by up to Rs15,000

    Suzuki Pakistan has announced a massive price increase for its entire motorcycle lineup, following Yamaha and Honda. The new prices are effective from Friday, April 1, 2022.

    The biggest price increase has been announced for the 150cc GR-150 variant, which is now priced at Rs330,000 after getting a massive hike of Rs15,000 in its previous cost of Rs315,000. Considering the size of its engine, this is unquestionably a significant and unjustified increase.

    Suzuki GS-150, one of the most prominent bike in Suzuki’s lineup witnessed a hike of Rs10,000 for both variants (GS-150 and GS-150SE). The base GS-150 costs Rs225,000 after the hike and the upper variant GS-150SE is now priced at Rs242,000, as compared to their earlier prices of Rs215,000 and Rs232,000.

    Moreover, the 110cc variant, Suzuki GD-110s which was previously sold at Rs199,000 will now be offered at Rs207,000, after getting a hike of Rs8,000.

    The motorcycle manufacturer raised the prices of its motorcycles four times in 2021, and this is the first price rise of 2022. Suzuki motorcycle prices were increased by up to Rs28,000 between January and December 2021.

    Read more: Honda Atlas to increase prices for all motorcycles from April 1

    Bike manufacturers’ pricing hikes have pushed two-wheelers out of reach for most of the country’s population. Despite the fact that the matter has been raised numerous times in the media, the government has yet to take a step in this regard and maintain pricing consistency.

  • UK to Pakistan fares increase by threefold after PIA ban

    UK to Pakistan fares increase by threefold after PIA ban

    Ticket prices for flights to Pakistan from the United Kingdom have increased three times after Pakistan International Airlines (PIA) was banned from entering three destinations in the UK. PIA is also facing a six months ban from the European Union and a suspension on all types of flights from the United States.

    The cost of a return flight from London, Manchester, and Birmingham to Lahore, Islamabad, and Karachi was previously £500-650 (Rs 105053-136568), but after PIA was barred from operating by the UK’s Civil Aviation Authority, ticket prices have tripled and are now £1,500-2,700 (Rs 315,158-567,284), according to a report in Geo News.

     According to Skyscanner, a major travel website, the cheapest return ticket from London to Lahore is being offered by Turkish Airlines which costs a whopping £1,445 (almost Rs300,000). British Airways, which just started operating in Pakistan, is offering the same flight for over £2,000 that would cost the passenger over Rs400,000.

    The return tickets from the UK to Pakistan offered by Qatar Airways and Emirates cost over £2,500 (Rs 525,262) which is a record price for a return ticket. Another flight by Qatar Airways and British Airways costs £2,796 (587,453).

    This price hike came after Aviation Minister Ghulam Sarwar Khan claimed that around one-third of Pakistani pilots had allegedly fake licenses. The news created panic across the world, leading to a ban on PIA by certain states and countries.

  • PM’s ‘inadequate’ salary to be increased from Rs0.2 million to Rs0.8 million?

    PM’s ‘inadequate’ salary to be increased from Rs0.2 million to Rs0.8 million?

    Prime Minister (PM) Imran Khan’s salary, which he had earlier said “wasn’t enough to run his household”, is being increased from Rs0.2 million (Rs200,000) to Rs0.8 million (Rs800,000), a private media outlet has reported.

    While the report claimed that his salary was being increased by 300%, it was rejected by the PM’s Office that termed the report as “baseless” and “unfortunate”.

    “At a time when the PM was carrying out a campaign to slash the government’s expenditures which he initiated from his own, the propagation of such a baseless and concocted news report was unfortunate,” a spokesperson remarked, according to a press release.

    The spokesperson quoted PM Imran as saying that expenditures incurred on the head of the government were borne out of the people’s hard-earned money, so it was a must to keep it at the minimum level.

    During a speech earlier this month, the premier had cited his expenses as an individual and as a public servant to make a point to traders while accusing opposition leaders of minting money by cheating on taxes.

    While it is no secret that inflation has badly hit the average Pakistani citizen, PM Imran has been under fire as a nationwide shortage of wheat has led to a surge in prices of bread and roti.

    The country’s economy has seen the rupee plummeting as it battles rampant price rise of various commodities, including pulses and flour.

    Despite this, the fact that the PM tried to play a political game by trying to identify with an average citizen, didn’t make many people happy. His basic pay alone is enough to feed an average Pakistani household, leave alone the gross amount.