Islamabad: The World Bank has lowered Pakistan’s economic growth forecast for the current fiscal year. It now expects growth at 3%. Previously, the government aimed for 4.2%. This revision reflects challenges in agriculture, trade, and recovery from recent floods. The report predicts that Pakistan’s growth could rise to 3.4% in the 2026-27 fiscal year. Recovery […]
Pakistan inflation
Food prices soar in Lahore despite official rates
Lahore residents faced rising this week as chicken, vegetables, and fruits sold far above official rates. Market surveys revealed widespread overcharging and weak enforcement of government-set prices. Consumers struggled to find chicken and fresh produce at the notified rates. Chicken prices led the surge, with live chicken officially set at Rs379–393 per kg but largely […]
Weekly inflation rises 4.15% as edible oil, sugar prices climb
ISLAMABAD: Pakistan’s short-term inflation, measured by the Sensitive Price Index (SPI), rose 4.15 percent year-on-year in the week ending Nov 13, driven largely by higher retail prices of edible oil and sugar, official data showed on Friday. The SPI has recorded upward momentum for 15 consecutive weeks, mainly due to price surges in perishable items […]