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Weekly inflation rises 0.45% | The Express Tribune

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KARACHI:

The weekly inflation, measured by the Sensitive Price Indicator (SPI), increased 0.45% in the week ended June 6, 2024 on the back of rising food prices ahead of Eidul Azha, maintaining its uptrend for the second successive week.

The continuous price hike for essential commodities provides a solid ground for the State Bank of Pakistan (SBP) to ignore growing calls to make the first cut in months in its benchmark interest rate in the upcoming monetary policy meeting scheduled for Monday (June 10).

To allay market concerns, it may resort to a lower-than-expected rate cut and maintain a tight monetary policy in line with the recommendation of the International Monetary Fund (IMF) with which Pakistan is engaged in negotiations for a new loan package of around $8 billion.

Earlier, a sharp deceleration in the monthly inflation, measured by the Consumer Price Index (CPI), to a two-and-a-half-year low at 11.8% had instilled hopes that the central bank would slash the rate up to 200 basis point to 20% from the record high of 22%.

According to the Pakistan Bureau of Statistics (PBS), the short-term inflation surged 21.69% in the week ended June 6, 2024 compared to the same week of last year.

The SPI comprises 51 essential items whose data is gathered from 50 markets across 17 cities in the country.

During the week under review, out of the 51 items, prices of 19 (37.26%) items increased, rates of 14 (27.45%) items decreased while prices of 18 (35.29%) items remained unchanged at the previous week’s levels.

The rise in the week-on-week inflation was led by onion prices, which increased 33.21% to Rs133.93 per kg compared to Rs100.54/kg in the previous week. It was followed by tomatoes, which became expensive by 15.34% to Rs75.62/kg compared to Rs65.56/kg last week.

Banana price rose 4.93% to Rs254.46/dozen compared to Rs147.20/dozen earlier. Gram pulse cost 3.69% more at Rs274.12/kg compared to Rs264.37/kg in the previous week.

The price of potatoes went up 2.62% to Rs92.32/kg compared to Rs89.96/kg in the prior week.

Other essential commodities saw price increase up to 1.84% including chicken, georgette, gur, mash pulse, lawn, cigarettes and energy savers.

Published in The Express Tribune, June 8th, 2024.

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Pakistan

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

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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

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

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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.

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Gold prices reach historic high in Pakistan – Pakistan Observer

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