Even after the change of power in Pakistan, inflation is not taking the name of decreasing. Rising inflation has loosened the pockets of the citizens of Pakistan. Meanwhile, on Wednesday, the Government of Pakistan has given a big blow to the citizens. Ghee and cooking oil rates have been increased by Rs 208 and Rs 213 in Pakistan from Wednesday. This announcement has been made at a time when the country is going through an economic crisis for the last several years.
Ghee-oil became expensive
Confirming this, an official of the Utility Stores Corporation (USC) said that the price of edible oil and ghee is at an all-time high of Rs 555 per kg and Rs 605 per liter. Which was earlier Rs 540-560 per kg. Pakistani newspaper Dawn quoted a USC official as saying that the USC had issued a notification of a huge jump in the prices of ghee and cooking oil from June 1. However, the reason for the increase was not mentioned.
According to the report,
According to Dawn's report, Pakistan Vegetable Manufacturers Association (PVMA) general secretary Umar Islam Khan was quoted as saying that the retail rates of ghee and cooking oil will soon come down to USC prices. He said manufacturers of cooking oil and ghee have stopped giving products on credit to USC, as the corporation has not cleared the dues of Rs 2-3 billion to the manufacturers.
The growing problem of Pakistani people
Speaking about the supply of palm oil from Indonesia to Pakistan, Omar Islam said that the Prime Minister's Task Force Committee has been constituted on the supply of palm oil. Which officials of the concerned ministries and office bearers of PVMA are involved and daily meetings are also being held to analyze the supply situation. He said shipments booked at higher rates and massive rupee depreciation have pushed up the landing cost. Due to this, the rates of ghee and cooking oil have come down from US$ 1,900-2,000 per tonne to US$ 1,700, despite a fall in the rate of Indonesian palm oil.
The PVMA, in its circular dated May 27, had informed its members to pay transportation charges for their consignment of edible oil to NLCs/private tankers. Which had gone up by only 22.50 percent to Rs 174.67 per liter after a jump of Rs 30 in diesel.
Following the recommendation of the Haryana government, Governor Bandaru Dattatreya dissolved the
Goods Barometer: Signs of the global economy slowing down in 2023, what do WTO figures say?
Global trade growth is likely to slow down in the latter months of 2022 and 2023 as the world eco
Alphabet's company Google will slow down its restoration process in the remaining months of this
A video of a man brutally beating a couple in the middle of the road in West Bengal has gone vira
In T20 International cricket, Indian batsmen Tilak Verma and Rinku Singh have made a record that
In the seventh match of IPL 2024, Mahendra Singh Dhoni did something which surprised the whole wo
After two years of efforts, Chief Minister Pushkar Singh Dhami on Tuesday created history by layi
The country is going to get a new president in July. In such a situation, everyone's eyes are fix
The first Indian Biological Data Center (IBDC) in the country has been set up in Faridabad, adjac
13 MPs do not want Liz Truss to be British PM, what can be ousted from power? rules are not easy
Britain's Prime Minister Liz Truss is hanging the sword of being removed from her post. 13 of his
