Tag: Rates

  • Cellular companies raise call and data bundle prices

    Cellular companies raise call and data bundle prices

    Telecommunications companies in Pakistan, such as Jazz, Telenor, and Ufone, have raised the prices of various call and data package offers.

    According to Propakistani, Jazz has notified its customers of the price increase, and the company has revised the subscription fees for the YouTube and social packages for one week from Rs115 to Rs120, while the price of the WhatsApp package has increased from Rs21 to Rs23 for one week.

    Jazz prepaid monthly premium, which includes 25GB of monthly data and 250 all-network minutes, remains unchanged at Rs650.

    Due to rising inflation, Ufone has also raised its prices. UPower is now priced at Rs120, up from Rs100 previously. The price of SuperCard Plus increased from Rs649 to Rs699 on June 29, 2022. The price of Super Card Gold has also risen by more than Rs100, from Rs999 to Rs1,099.

    Read more: Number of 3G, 4G users in Pakistan increases to 113.89 million

    Telenor package prices have also increased. On June 22, 2022, the price of EasyCard increased from 500 to Rs550; on June 29, 2022, the price of EasyCard increased from Rs650 to Rs700; and the monthly social pack plus increased to Rs100.

    Telecom companies claim that a price increase is required to maintain service quality as inflation rises.

  • Food price hikes pushes weekly inflation to 3.38 per cent

    Food price hikes pushes weekly inflation to 3.38 per cent

    According to the Pakistan Bureau of Statistics (PBS), the Sensitive Price Indicator (SPI) for the week ended June 16, 2022, surged by 3.38 per cent due to increases in the prices of food and non-food items.

    The year-over-year (YoY) trend indicates a 27.82 per cent rise, owing primarily to an increase in rates of following:

    Onions (135.31 per cent), diesel (132.61 per cent), tomatoes (117.27 per cent), petrol (110.16 per cent), vegetable ghee 1 kg (81.76 per cent), mustard oil (80.88 per cent), pulse Masoor (74.77 per cent), cooking oil 5 litre (71.52 per cent), vegetable ghee 2.5 kg (68.47 per cent), LPG (60.97 per cent), garlic (57.72 per cent), washing soap (52.73 per cent), garlic (57.72 per cent (51.11 per cent).

    On the flip side, a considerable decrease was reported in prices of chilli powder (43.42 per cent), pulse Moong (18.06 per cent), sugar (10.79 per cent), bananas (0.83 per cent), gur (0.45 per cent).

    According to the most recent data, the SPI increased from 182.88 per cent to 189.07 per cent during the week ended June 9, 2022.

    The SPI increased by 2.85 per cent, 3.45 per cent, 3.10 per cent, 3.12 per cent, and 3.10 per cent for consumption groups up to Rs17,732 and Rs17,733 to Rs22,888, Rs22,889 to Rs29,517, and Rs29,518 to Rs44,175 and above Rs44,175 respectively.

    According to the PBS, out of 51 items, 36 (70.59 per cent) increased in price, 06 (11.76 per cent) decreased in price, and 09 (17.65 per cent) remained stable during the week.

    Increase: Vegetable ghee Dalda/Habib or other superior quality 1 kg pouch each (4.95 per cent), tea prepared (4.83 per cent), bread plain (4.37 per cent), toilet soap Lifebuoy (4.13 per cent), pulse Masoor (3.50 per cent), cooking oil Dalda 5 litre tin each (2.87 per cent), Sufi washing soap (2.33 per cent), mustard oil (2.24 per cent), vegetable ghee Dalda/Habib 2.5 kg tin each (1.93 per cent), pulse Mash (1.71 per cent), beef with bone (1.50 per cent), energy saver (1.04 per cent), curd (1.01 per cent), mutton (0.89 per cent), eggs (0.85 per cent), salt powdered (0.79 per cent), lawn printed Gul Ahmed/Al Karam (0.77 per cent), basmati broken (0.68 per cent), garlic (0.59 per cent), tomatoes (0.49 per cent), milk fresh (0.45 per cent), powdered milk Nido (0.41 per cent).

  • PM Shehbaz reduces fares for Lahore Metro Bus Service

    PM Shehbaz reduces fares for Lahore Metro Bus Service

    Prime Minister (PM) of Pakistan, Shahbaz Sharif has announced a fare cut for the Lahore Metro Bus Service. He said that the fares had been lowered in order to provide help to daily commuters in the face of Pakistan’s economic crisis.

    PM Shehbaz revealed this at the Indus Hospital’s opening ceremony. He claimed that due to the “past government’s mismanagement,” the government has no choice but to announce fuel price hikes.

    According to PM Shehbaz, the government would cut public transportation costs. The government believes that by doing so, individuals will be more likely to take public transportation, resulting in fuel savings.

    The Prime Minister declared free metro rides for residents of the twin cities in Ramadan. The move was warmly received and appreciated by commuters on a daily basis.

    Multan, Rawalpindi, and Faisalabad all have Metro Bus Service. However, the government has only announced relief for Metro users in Lahore, and it is unclear whether it will extend to other cities.

    The current Metro Bus rate is Rs30, but following Prime Minister Shehbaz’s announcement of a 50 per cent reduction, the ticket would be available for Rs15.

  • New bank timings announced by SBP, Saturday will now be observed as a working day

    New bank timings announced by SBP, Saturday will now be observed as a working day

    Pursuant to the federal government’s directive issued on April 13, the State Bank of Pakistan (SBP) would observe a six-day work week with amended timings.

    During Ramzan, working hours for the central bank, development finance institutions (DFIs), microfinance banks (MFBs), and all commercial banks, are as follows:

    Monday to Thursday and Saturday from 8:00 am to 3:00 pm with a prayer break from 1:00 pm to 1:30 pm.

    Fridays: from 8:00 am to 1:00 pm without a break, according to a notification from SBP.

    Public dealing hours

    Banks and MFBs have been advised to adhere to the following public dealing business hours:

    Monday through Thursday and Saturday from 8:00 am to 1:00 pm (no break).

    Fridays from 8:00 am to 12:00 pm (no break).

    Banks and MFBs may observe longer business (banking) hours for public dealing from 8:00 am to 2:00 pm (without break) on weekdays excluding Fridays, depending on their business needs.

    The abovementioned schedule will take effect immediately and will not be changed or withdrawn unless it is amended or canceled.

  • US Dollar continues to slide, reaches Rs183

    US Dollar continues to slide, reaches Rs183

    The US Dollar fell by Rs1.43 shortly after the interbank market opened, and is now being traded at Rs183.25.

    Following days of depreciation, the Pakistani rupee (PKR) rebounded against the US dollar in the interbank market on April 11, signaling that the currency value is stabilizing.

    On Friday, the Pakistan Stock Exchange (PSX) index KSE-100 reversed course and experienced an uptrend, adding 657.75 points, or 1.50 per cent, to close at 44,444.58 points, up from 43,786.83 points the previous working day.

    The KSE-100 index began on Monday morning to strong investor optimism, following a historic weekend in which Imran Khan became the first prime minister in Pakistan’s history to be removed by a vote of no confidence, putting an end to the country’s ongoing political crisis.

    According to foreign currency dealers, the greenback is now selling at Rs183.20, after weakening Rs1.83 versus the PKR in early trade.

  • Fruit and Vegetable prices getting out of control in Quetta

    Fruit and Vegetable prices getting out of control in Quetta

    During the holy month of Ramzan, the price of vegetables and fruits in Quetta rocketed instead of decreasing. Tomatoes, which were previously selling for Rs120 per kilogramme in the vegetable market are now being sold at Rs160.

    Some other reports even suggest that a few shopkeepers were selling tomatoes for up to Rs190, minting money directly in front of the district administration’s eyes.

    Ladyfinger which was sold at Rs240, is now available for Rs280, potatoes, and onions after getting a hike of Rs10 are being sold at Rs50 and Rs60, respectively. Ginger, lemon, and garlic are now priced between Rs300 to Rs320.

    The government of Balochistan has not set up any Ramzan or ‘Sasta bazaar’ this year to facilitate citizens during the holy month of fasting. Formerly, district governments held Ramazan bazaars on the orders of provincial governments to assist the people.

    Previously, the Quetta administration had issued shops with a detailed list of commodities and their pricing. The shop owners, on the other hand, are not obeying the administration’s directives and selling items at their desired rate. These artificial rates have multiplied the problems of the common man.

  • Price of plane tickets to increase after November 1

    Price of plane tickets to increase after November 1

    Bad news for all those travelling after November 1.

    The Pakistan Civil Aviation Authority has increased its embarkation fees and airport charges which means that plane tickets will now become more expensive. The new prices will be effective from November 1.

    According to reports, the CAA will charge Rs 2,800 as airport charges for passengers travelling abroad while foreign nationals will pay $20 each (Rs 3,127).

    The CAA has also said the charges will apply to all airports. Previously, each airport had set its own charges.

    Meanwhile, the embarkation fee for economy and business class passengers has been increased to Rs 2,000 and Rs 3,000 respectively.

    The new fees will be imposed from
    November 1, regardless of advanced bookings.

    As part of the new aviation policy,
    aeronautical charges for international flights have also been increased by 10%
    and landing charges during peak hours by 25%.

  • Uber Increases Fares for Islamabad, Lahore and Karachi

    Uber Increases Fares for Islamabad, Lahore and Karachi

    Uber has increased the fares of Go, Go Mini and Auto rides for the residents of Islamabad, Karachi, and Lahore following the fluctuation in petrol price and the inconsistent dollar rate in the market. The last increase in prices occurred at the start of this year and six months later Uber is increasing the price again for Islamabad. Lahore and Karachi.

    Lahore

    UberGo
    Base Fare Per KM
    (Now vs Previous)     		Per Minute
    (Now vs Previous)
    Rs. 80 Rs. 11.58 vs 10.16 Rs. 5.18 vs 4.54
    Mini
    Base Fare Per KM
    (Now vs Previous)     		Per Minute
    (Now vs Previous)
    Rs. 64 Rs. 9.26 vs 8.13 Rs. 4.14 vs 3.63
    Auto
    Base Fare Per KM
    (Now vs Previous)     		Per Minute
    (Now vs Previous)
    Rs. 17.71 Rs. 13.42 vs 12.09 Rs. 3.10 vs 2.79

    Karachi

    UberGo
    Base Fare Per KM
    (Now vs Previous)     		Per Minute
    (Now vs Previous)
    Rs. 80 Rs. 12.76 vs 11.00 Rs. 5.70 vs 4.91
    Mini
    Base Fare Per KM
    (Now vs
    Previous)         		Per Minute
    (Now vs Previous)
    Rs. 64 Rs. 10.21 vs 8.80 Rs. 4.56 vs 3.93
    Auto
    Base Fare Per KM
    (Now vs Previous)     		Per Minute
    (Now vs Previous)
    Rs. 24 Rs. 13.73 vs 12.13 Rs. 3.61 (unchanged)

    Islamabad

    UberGo
    Base Fare Per KM
    (Now vs
    Previous)         		Per Minute
    (Now vs
    Previous)
    Rs. 90 Rs. 5.38 vs 4.10 Rs. 8.98 vs 4.62
    Uber Mini
    Base Fare Per KM
    (Now vs
    Previous)         		Per Minute
    (Now vs
    Previous)
    Rs. 72 Rs. 7.81 vs 6.17 Rs. 4.30 vs 3.67