Pakistan

Inflation slows to 26-week low | The Express Tribune

Published

2 مہینے ago

جولائی 27, 2024

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KARACHI:

Pakistan’s weekly inflation reading, measured through the Sensitive Price Indicator (SPI), accelerated 0.17% because of a hike in food prices in the week ended July 25, 2024, maintaining its uptrend for the fourth consecutive week and ahead of the central bank’s monetary policy committee meeting on July 29.

According to the data released by Pakistan Bureau of Statistics (PBS), the weekly inflation rate surged 20.09% when compared with the same week of last year.

The year-on-year trend, however, indicated a marked slowdown in inflation to almost 26-week low compared to nearly 44% inflation in late January 2024, according to Arif Habib Limited.

The uptrend in the week-on-week inflation for the fourth week in a row may force the State Bank of Pakistan (SBP) to leave its policy rate unchanged at 20.5%. Financial experts remain divided whether the central bank will make the second successive reduction in the policy rate early next week or will keep it on hold for the time being.

The medium to long-term outlook suggests the bank will cut the key policy rate by a total of 5-6 percentage points in the current fiscal year, which will end on June 30, 2025, amid a significant drop in the benchmark monthly inflation reading, called the Consumer Price Index (CPI), to a two-and-a-half-year low of 11.8% in May 2024 compared to a multi-decade high of 38% in May 2023. It, however, surged again to 12.6% in June 2024.

Latest projections signal the inflation rate will remain in the range of 12-13% in FY25 compared to over 23% in FY24.

The rise in the week-on-week inflation was led by the price of chicken (farm broiler live), which increased 4.80% to Rs431.28 per kg in the week under review compared to Rs411.54/kg in the prior week.

Garlic got expensive by 2.01% to Rs494.05/kg compared to Rs484.33/kg last week.

Gram pulse rose 1.87% to Rs338.92/kg compared to Rs332.70/kg a week earlier. Eggs got dearer by 1.71% to Rs257.12/dozen compared to Rs252.80/dozen.

Beef (average quality with bone) rose 0.93% to Rs974.84/kg in the week ended July 25, 2024 compared to Rs965.83/kg in the previous week.

Prices of other essential commodities increased up to 0.89% week on week, which included gur, moong pulse, fresh milk, firewood and cigarettes.

The SPI comprises 51 essential items whose data and price trends are observed in 50 markets across 17 cities in the country.

During the week under review, out of the 51 items, prices of 19 (37.25%) items increased, rates of eight (15.69%) items decreased and prices of 24 (47.06%) items remained unchanged compared to the previous week.

The year-on-year trend depicted an increase of 20.09% in the SPI reading as gas charges for Q1 soared 570% compared to the same week of last year.

Related Topics:26week Express inflation Inflation slows to 26-week low Pakistan slows Tribune

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Pakistan

Honda CD70 Dream Latest Price, Installment Plans – Sep 2024 Update – Pakistan Observer

Published

16 گھنٹے ago

ستمبر 20, 2024

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Honda remains leader in bikes market, with its top-selling units like CD 70, and that’s without making any major changes as the entry-level bikes look almost same for a long time. As the CD-70 remains its most selling model, bikes like the CD-70 Dream and Pridor are considered a niche products.

Despite failing to achieve top sales, CD 70 Dream is still in the market, featuring air-cooled, 4-stroke engine that delivers smooth performance and impressive fuel economy, often averaging around 60-70 km/l, making it ideal for daily commuting.

The bike looks better with stylish and modern design with attractive graphics, as compared to simple CD70. People also like its comfort as built quality remains optimum, comparing to other players.

Its pricing makes it accessible to a wide audience, including students and working professionals, solidifying its status as a favorite among motorcycle enthusiasts in Pakistan.

As bikes prices remain out of hands, people are having hard time to upgrade their ride while companies also face low sales.

Honda CD 70 Dream Price

The price of Honda CD70 Dream is Rs168,900 in September 2024.

Honda CD 70 Dream Installments

Installment Plans	Monthly Payments
3 months	Rs56,300
6 months	Rs28,300
9 months	Rs21,890
12 months	Rs17,200
24 months	Rs10,170
36 months	Rs7,800

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Pakistan

Check Property Ownership in Lahore, other Punjab cities Online – Pakistan Observer

Published

17 گھنٹے ago

ستمبر 20, 2024

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If you live in Lahore or any other city in Punjab; you might have faced difficulties in getting land record in previous years, but now the government made the land verification process smooth with digitization.

To curb the menace of land mafia and to help residents of Punjab, the government rolled out a systematic process and also eased the process of property transfers and real estate transactions.

A new verification system is Live by provincial authorities to check the legitimacy of properties available for purchase or investment across the region of 110 million people.

The relevant authority in this regard is Punjab Land Record Authority which oversees management and maintenance of land records. You can get different services, including ability to search for and view land records, as well as request copies of documents.

Check Property Ownership Online 2024

Here’s Step by Step Guide To Check property ownership

Step 1: Please visit PLRA portal at Punjab-zameen.gov.pk.

Step 2: Find ‘Property Registration,’ on home and click on https://rodportal.punjab-zameen.gov.pk/.

Step 3: It will ask you to select your district and service center.

Step 4: You can search by different options including Bahi number, ID card, registration number, or by person name.

Step 5: After entering details, please advance to ‘Search’ to get the land ownership.

With latest updates, you can check data on number of property transfers in last 36 months.

Beware of These Illegal Housing Societies in Lahore – September 2024 Update

Pakistan

Suzuki Bolan discontinued in Pakistan after 36 years; Here’s replacement for ‘Carry Dabba’ – Pakistan Observer

Published

18 گھنٹے ago

ستمبر 20, 2024

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LAHORE – Finally, it’s time to say goodbye to the iconic Suzuki Bolan as Pak Suzuki pulled plugs to replace the minivan with another model. Over the last 3.5 decades, Suzuki Bolan enjoyed decent sales and was valued for its flexibility, serving a multi-passenger vehicle and for commercial purposes.

Amid shift in auto landscape in Pakistan, Bolan becomes latest drive to be discontinued after Suzuki Mehran, which you can still spot.

Pictures of Suzuki Bolan’s last batch surfaced online, and Pakistanis hit nostalgia as many grew up in this vehicle. The final chassis number marked as 01151691. The country’s oldest automaker and maker of Bolan also confirmed discontinuation of the 800cc Carry Dabba.

The company decided to replace Bolan for its outdated design and lack of safety features. Amid its low sales, consumer demand for a modern replacement like Changan Karvaan increased.

Suzuki Every to Replace Bolan

Suzuki earlier mentioned that Every will replace Bolan, and one of its recent model was unveiled at a recent auto show.

The launch of Every models faced delays due to import challenges and it is expected to launch in mid October.

Suzuki Bolan Price in Pakistan

Pakistan

Gold prices reach historic high in Pakistan – Pakistan Observer

Published

19 گھنٹے ago

ستمبر 20, 2024

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