Pakistan

SPI recedes to new 27-month low | The Express Tribune

Published

4 ہفتے ago

اگست 24, 2024

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KARACHI:

Pakistan’s weekly inflation slowed down to a new 27-month low at 16.69% as the pace of surge in food prices eased in the week ended August 21, 2024 compared to the same week of last year.

Still, the reading is elevated in double digits, suggesting there is a big room for further reduction in the rate of inflation.

The persistent downturn in weekly inflation numbers supports projection that the benchmark monthly inflation, measured through the Consumer Price Index (CPI), would drop into single digit in August 2024, down from the three-year low of 11.1% hit in the prior month.

According to the Pakistan Bureau of Statistics’ (PBS) data, the weekly inflation gauge, calculated through the Sensitive Price Indicator (SPI), ticked down 0.10% on a week-on-week basis. It remained on a downward trajectory for the second successive week.

The nominal reduction in week-on-week inflation was led by tomatoes, which dived 21.96% to Rs121.11 per kg in the week under review compared to Rs155.19/kg in the prior week.

It was followed by wheat flour, which got cheaper by 2.77% to Rs1,800.06 per 20kg bag compared to Rs1,851.43/bag a week earlier.

Bananas cost 2.08% less at Rs141.53/dozen compared to Rs144.53/dozen in the previous week. Onions ticked down 1.70% to Rs136.61/kg compared to Rs138.97/kg.

Sugar (refined) dropped 1.43% to Rs143.79/kg in the week under review compared to Rs145.88/kg in the prior week.

Prices of other essential commodities decreased up to 1.25% including chicken, masoor pulse and bread.

However, prices of some other goods rose up to 6.10% which included eggs, gram pulse, potatoes, cooked daal, cooked beef, mustard oil, beef, shirting, milk fresh and liquefied petroleum gas.

The slowdown in short-term inflation and projection for a similar trend for the benchmark CPI reading supported market talk that the central bank would make a third consecutive reduction in its key policy rate in the upcoming monetary policy review scheduled for September 12.

The State Bank is likely to slash the policy rate by 1-1.5 percentage points. At present, the rate stands at 19.5% following a cumulative reduction of 2.5 percentage points in June and July this year.

SPI comprises 51 essential items whose price data is collected by the PBS from 50 markets across 17 cities of the country.

During the week ended August 21, 2024, out of the 51 items, prices of 21 (41.18%) items increased, rates of nine (17.64%) items decreased and prices of 21 (41.18%) items remained unchanged compared to the previous week.

The year-on-year increase of 16.69% in SPI reading was mainly led by Q1 gas charges, which surged 570%, followed by onions, up 79.51% compared to the same week of last year.

Other goods soared up to 51.34% including gram pulse, tomatoes, milk powder, gents’ sandal, beef, moong pulse, shirting, garlic, salt powder and georgette.

Related Topics:27month Express latest Pakistan recedes SPI Tribune

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Pakistan

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

Published

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

Published

5 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.

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Pakistan

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

Published

6 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

7 گھنٹے ago

ستمبر 20, 2024

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