Pakistani rupee is now stated to be one of many worst-performing currencies globally
As per stories by ARY News in April, the LPG worth was elevated to Pakistani Rupees (PKR) 10 per kilogram. The new worth of LPG has been fastened at PKR 229.
Already coping with a worsening financial disaster, hovering meals costs in neighbouring Pakistan has pushed its inflation charge to about 50 per cent excessive. The inflation within the nation has damaged its earlier data as its CPI inflation touched 31.5 per cent in February. The Pakistan Bureau of Statistics (PBS) information indicated the inflation charge within the nation in February has sky-rocketed to the very best annual charge since accessible information from July 1965. It can also be stated that with the financial disaster, the charges of meals and petrol will improve within the coming months.
Let’s check out the present costs of products, LPG and petrol within the cash-strapped nation. According to whatisprice.pk website, the value of flour, rice and petrol have elevated by two occasions. Compared to final 12 months, the value of flour has elevated from PKR 65 per kg to PKR 140-160 per kg. The rice was accessible at the price of PKR 114 which has now being bought at PKR 350 per kg. The charge of petrol at the moment stands at PKR 280 per litre.
As per stories by ARY News in April, the LPG worth was elevated to Pakistani Rupees (PKR) 10 per kilogram. The new worth of LPG has been fastened at PKR 229.
The worth of sugar has additionally elevated from PKR 87 to PKR 120. Vegetables like potatoes, onions and tomatoes are being purchased at the price of PKR 80, 70 and 97 respectively. The value of edible oil stands at PKR 500 per litre whereas the milk is being bought at PKR 180 per litre.
The Pakistani rupee is now stated to be one of many worst-performing currencies globally this 12 months and up to now it has depreciated by 20 per cent in opposition to the greenback.
On Wednesday, the rupee tumbled some 2 per cent to a recent file low of 290 to the greenback. The nation’s worldwide bonds, already in deeply distressed territory of as little as 32 cents, dropped greater than 1 cent within the greenback on the day.
