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Business Recorder
4 days ago
- Business
- Business Recorder
Weekly SPI inflation up 4.07%
ISLAMABAD: The Sensitive Price Index-based inflation increased by 4.07 percent for the week ended July 24, 2025 compared to 0.38 per cent in the previous week. The statistics issued by Pakistan Bureau of Statistics (PBS) showed a major increase in the prices of gas charges for Q1 29.85 per cent, tomatoes 22.93 per cent, electricity charges for Q1 21.46 per cent, eggs 3.96per cent, garlic 1.39 per cent, cigarettes 0.51 per cent, beef 0.46 per cent, rice basmati broken 0.45 per cent, powdered milk 0.29 per cent, energy saver 0.23 per cent and fresh milk by 0.16 per cent. On the other hand, decrease is observed in the prices of chicken7.95 per cent, sugar4.25 per cent, onions 3.05 per cent, bananas 2.81per cent, LPG2.09 per cent, potatoes 1.82 per cent, wheat flour 1.19 per cent, moong 0.43 per cent and pulse gram 0.32 per cent. SPI-based inflation slows down During the week, out of 51 items, prices of 14 items (27.45 per cent) increased, 12 items (23.53 per cent) decreased and 25 items (49.02 per cent) remained stable. While major increase is observed in the prices of ladies sandal 55.62 per cent, gas charges for Q1 29.85 per cent, sugar 21.89 per cent, moong 16.42 per cent, beef 14.08 per cent, vegetable ghee 2.5kg 12.46 per cent vegetable ghee 1kg 12.17 per cent, gur 11.30 per cent, eggs10.70 per cent, firewood 10.52 per cent, cooked daal 9.47 per cent, and printed lawn 7.32 per cent. Major decrease is observed in the prices of onions 49.13 per cent, tomatoes 30.2 per cent, electricity charges for Q1 24.23 per cent, garlic 23.64 per cent, wheat flour 23.21 per cent, maash 20.76 per cent, tea Lipton 17.93per cent, potatoes 15.11 per cent, masoor 8.86 per cent and petrol 1.24per cent. The SPI for consumption groups up to Rs17,732 with an increase of 3.98 per cent recorded at 317.34 points. The SPI for consumption group of Rs17,732 to 22,888 with an increase of 5.26 per cent was recorded at 317.42 points against previous week's calculation of 301.55, the SPI for the income group Rs22,889-29,517 with an increase of 4.44 per cent was recorded at 340.39 points against previous week's recording of 325.92 points, the SPI for the income group Rs29,518-44,175 with an increase of 1.02 per cent was recorded at 328.38 points against previous week's reading of 319.26 points and SPI for the monthly income group above Rs44,175 registered an increase of 3.03 per cent was recorded at 328.92 points against 319.26 points of the previous week calculation. The combined increase for all expenditure groups recorded at 329.09 points compared to 316.23 points of previous week registering an increase of 4.07 per cent. Copyright Business Recorder, 2025
India Today
4 days ago
- Business
- India Today
Centre clears Rs 29,558 crore for indigenous defence technology development
The Indian government has approved projects worth Rs29,558.66 crore for the Defence Research and Development Organisation (DRDO) over the past three years to strengthen indigenous defence capabilities. The funds are meant for research and development of new defence 2023, 40 projects were sanctioned with a cost of Rs 3,842.71 crore. In 2024, the number increased to 43 projects worth Rs 22,175.49 crore. In 2025 so far, 20 projects worth Rs 3,540.46 crore have been of the key developments is the Kaveri Derivative Engine (KDE), which will power unmanned combat aircraft. Two projects related to this have been approved — Flightworthy Kaveri Dry Engine Development at a cost of Rs 472.42 crore and Technology Demonstration of Kaveri Derivative 'Dry' Engine at Rs 251.17 crore. The government is also taking steps to improve the partnership between the civil and military sectors in defence. Development-cum-Production Partners (DcPPs) are being selected to speed up prototype development and production. Industries are also being involved early in the process to help bring academic research to life through DRDO's Industry Academia Centres of Excellence (DIA-CoE).The Centre for Military Airworthiness and Certification (CEMILAC) is working with the DGCA to create common certification rules for drones used in both civil and military operations. It is also in talks with international agencies like EASA and aircraft companies such as Airbus and Embraer to develop local certification processes for military encourage innovation, DRDO has signed MoUs with defence industrial corridors, opened its testing facilities to private companies, and made its patents freely available to Indian industries. It has also introduced a new policy with zero transfer of technology fees and no royalty for companies supplying to the Indian Armed Forces.- EndsTune InMust Watch
Business Recorder
4 days ago
- Business
- Business Recorder
Weekly SPI inflation up 4.07pc
ISLAMABAD: The Sensitive Price Index-based inflation increased by 4.07 percent for the current week ended July 24, 2025 compared to 0.38 per cent in the previous week. The statistics issued by Pakistan Bureau of Statistics (PBS) showed a major increase in the prices of gas charges for Q1 29.85 per cent, tomatoes 22.93 per cent, electricity charges for Q1 21.46 per cent, eggs 3.96per cent, garlic 1.39 per cent, cigarettes 0.51 per cent, beef 0.46 per cent, rice basmati broken 0.45 per cent, powdered milk 0.29 per cent, energy saver 0.23 per cent and fresh milk by 0.16 per cent. On the other hand, decrease is observed in the prices of chicken7.95 per cent, sugar4.25 per cent, onions 3.05 per cent, bananas 2.81per cent, LPG2.09 per cent, potatoes 1.82 per cent, wheat flour 1.19 per cent, moong 0.43 per cent and pulse gram 0.32 per cent. SPI-based inflation slows down During the week, out of 51 items, prices of 14 items (27.45 per cent) increased, 12 items (23.53 per cent) decreased and 25 items (49.02 per cent) remained stable. While major increase is observed in the prices of ladies sandal 55.62 per cent, gas charges for Q1 29.85 per cent, sugar 21.89 per cent, moong 16.42 per cent, beef 14.08 per cent, vegetable ghee 2.5kg 12.46 per cent vegetable ghee 1kg 12.17 per cent, gur 11.30 per cent, eggs10.70 per cent, firewood 10.52 per cent, cooked daal 9.47 per cent, and printed lawn 7.32 per cent. Major decrease is observed in the prices of onions 49.13 per cent, tomatoes 30.2 per cent, electricity charges for Q1 24.23 per cent, garlic 23.64 per cent, wheat flour 23.21 per cent, maash 20.76 per cent, tea Lipton 17.93per cent, potatoes 15.11 per cent, masoor 8.86 per cent and petrol 1.24per cent. The SPI for consumption groups up to Rs17,732 with an increase of 3.98 per cent recorded at 317.34 points. The SPI for consumption group of Rs17,732 to 22,888 with an increase of 5.26 per cent was recorded at 317.42 points against previous week's calculation of 301.55, the SPI for the income group Rs22,889-29,517 with an increase of 4.44 per cent was recorded at 340.39 points against previous week's recording of 325.92 points, the SPI for the income group Rs29,518-44,175 with an increase of 1.02 per cent was recorded at 328.38 points against previous week's reading of 319.26 points and SPI for the monthly income group above Rs44,175 registered an increase of 3.03 per cent was recorded at 328.92 points against 319.26 points of the previous week calculation. The combined increase for all expenditure groups recorded at 329.09 points compared to 316.23 points of previous week registering an increase of 4.07 per cent. Copyright Business Recorder, 2025
Business Recorder
19-07-2025
- Business
- Business Recorder
Islamabad: prices of essential kitchen items show rising trend
ISLAMABAD: The prices of essential kitchen items have witnessed an increase during this week past against the previous week owing to third successive increase in petrol and diesel prices, revealed a survey carried out by Business Recorder here on Saturday. Within the past one and half month, the government has increased the price of High Speed Diesel (HSD) oil mainly used for transportation purposes from trains to trucks, buses and trailers by Rs29 per litre and petrol mainly used by private and small vehicles by Rs19 per litre. The increase in fuel prices has played a major role in escalating the prices as transportation cost has jumped up by at least 10 per cent during the period which not only resulted in increasing the prices of daily use items but also edible items from vegetables, meat, eggs to fruits. An increase was noted in chicken prices as it went up from Rs16,000 to Rs16,400 per 40kg in the wholesale market, which in retail is being sold at Rs440 per kg and chicken meat at Rs700 per kg. Eggs' price went up from Rs7,000 to Rs7,300 per carton of 30 dozen which in retail is being sold in the range of Rs260-275 against Rs250-260 per dozen. Sugar price went down from Rs9,100 to Rs8,800 per 50kg bag in the wholesale market, while in retail it is being sold at 190 per kg. Wheat flour price remained unchanged as the best quality wheat flour ex-mill price per 15kg bag is at Rs1,100 which in retail is being sold at Rs1,150 per 15kg bag and normal quality wheat flour per 15kg bag is available at Rs1,000 which in retail is being sold at Rs1,050 per bag. Copyright Business Recorder, 2025
Express Tribune
18-07-2025
- Business
- Express Tribune
USC closure
Listen to article The government's decision to shutter the loss-making Utility Stores Corporation (USC) by the end of July is a painful but necessary corrective to decades of fiscal bleeding. Between July and December 2024 alone, USC lost over Rs6 billion and has net liabilities of over Rs50 billion. Meanwhile, despite offering low prices, USC actually saw sales crash by 50% in recent times. This also puts the estimated Rs29 billion needed for golden handshakes into perspective. If no action was taken, USC would have spent the same amount just to keep running over the next few years. Although the government is considering limiting payouts to only 5,217 'regular' employees, after wasting billions for decades, skimping on severance pay is not the way to go. Future savings can still be reallocated to more productive initiatives that support low-income citizens. In the meantime, the government must ensure price control enforcement in areas that were highly reliant on utility stores to minimise the impact of closures on shoppers who actually relied on them. While a resolution for USC appears nearly finalised, progress on the much-publicised privatisation deals of other SOEs has been minimal. PIA has failed to attract suitable bidders despite multiple attempts, and the recent deal with Russia to revive Pakistan Steel Mills may backfire. None of the two dozen SOEs up for privatisation have sparked the kind of interest that would inspire government confidence. The closure of USC proves the government can make tough choices. Now, it must accelerate the pace of decision-making - from years to weeks — because, like USC, many state-owned enterprises are losing so much money that waiting to sell them for cents on the dollar could end up being more costly than shutting them down and salvaging what remains.
