Latest news with #Rs380
Express Tribune
02-06-2025
- Business
- Express Tribune
Chicken prices drop in Peshawar
The price of poultry has dropped significantly, falling from Rs460 per kilogram to Rs380 within a week - a decrease of Rs80 per kilogram. Despite the steep decline in raw chicken prices, the cost of chicken dishes at restaurants and fast-food outlets remains unchanged, drawing criticism from consumers. As Eid-ul-Azha approaches, the poultry market has witnessed a notable dip in prices. However, eateries across the city continue to sell chicken dishes at inflated rates, unchanged since prices peaked earlier this year. Previously, when chicken prices surged to Rs500 per kilogram, restaurant and fast-food operators raised the prices of popular chicken dishes. Now that chicken rates have dropped significantly, the public is questioning why those increased menu prices haven't been revised.
Express Tribune
12-05-2025
- Business
- Express Tribune
Magistrates fail to rein in runaway prices
The district's 60 price control magistrates appear ineffective in curbing inflation, as the prices of essential items continue to rise amid shortages in sugar and cooking oil supplies. Current market rates show live chicken selling at Rs415/kg, chicken meat at Rs610/kg, eggs at Rs277/dozen, mutton at Rs2,400/kg, and beef at Rs1,400/kg. Sugar is priced at Rs185/kg, while ghee and cooking oil range from Rs510515 per pack. Pulses and dairy prices have also surged. Chickpeas at Rs380/kg, mash at Rs550/kg, milk at Rs220/litre, and yogurt at Rs240/kg. Fruit and vegetable prices remain high, with bananas selling for Rs200250/dozen, mangoes and guavas at Rs200250/kg, and cherries at Rs500/kg. Among vegetables, potatoes are Rs60/kg, onions Rs70/kg, garlic Rs350/kg, and ginger Rs650/kg. Prices may ease slightly starting Monday, May 12, as wholesale markets reopen. The Federal Minister for Planning, Ahsan Iqbal has directed relevant departments to ensure that sudden price spikes are not reported before Eidul Azha and the essential commodities remain reasonably priced. However, his directives seem to have had little impact. The federal minister was chairing a meeting on Wednesday to review the current price trends of essential commodities across the country. Iqbal directed relevant departments to ensure five essential commodities, namely sugar, ghee, potato, onion, and tomato, are reasonably priced.
Express Tribune
03-04-2025
- Express Tribune
10 citizens deprived of cash, valuables
The robbers, who spent over four hours in the house, looted Rs510,000 in cash and four mobile phones. PHOTO: REUTERS At least 10 citizens were deprived of cash and valuables in crimes in the area during Eid holidays. According to a complainant, four trickers intercepted and looted Altaf while he was carrying cash and robbed him of Rs380,000 at Shaheen Chowk. Zahoor Ahmed was distracted by swindlers through conversation before being robbed of cash and his mobile phone in Peoples Colony. In Battala Colony, Muazzam was deprived of cash and his phone. Meanwhile, in Nisar Colony, Abdul Ahad Asghar fell victim to the same tactic, losing his money and phone. At Sidhar Bypass in Thikriwala, Abdul Wadood was tricked into handing over Rs60,000, along with his ATM and ID cards. In the courtyard of Aziz Fatima Hospital, Umar Saleem was robbed of Rs9,000, his phone, ATM and ID card. Nadeem had his cash and phone stolen in Mansoorabad. In Siddiq Akbar Town, Umar Waqas lost his bicycle to snatchers using the same modus operandi. Hanif was robbed of cash and a phone after being promised help with passing a driving test in Ghulam Mohammadabad. In Saddar Bazaar, Ali Raza was robbed of money and his mobile phone. Separately, the burial of suspects killed in police encounters took a serious turn as local residents refused to allow the bodies to be buried in their area.
Express Tribune
24-02-2025
- Business
- Express Tribune
LNG imports force closure of local gas fields
A parliamentary panel was informed on Monday that local gas fields were being shut down owing to continuous import of liquefied natural gas (LNG) from Qatar. The Senate Standing Committee on Petroleum, chaired by Senator Umer Farooq, met at the Parliament House, where it received a briefing on the curtailment of gas supply from local fields. It was highlighted that gas fields were being closed in the wake of an agreement with Qatar, under which 10 LNG cargoes were arriving each month. The discussion also underscored the critical condition of pipelines, which were under immense pressure and at risk of bursting along with the lack of adequate storage facilities. Following the exchange of views, Senator Umer Farooq emphasised the need for a detailed review of drilling operations and associated costs on a daily basis. He recommended a comprehensive report on gas extraction and development work in different areas, the number of drilling operations conducted and the time frame for each of them. He also requested details of utilisation of corporate social responsibility (CSR) budget allocations and operational costs exceeding budgeted amounts. In reference to the recommendations made on August 27, 2024, Senator Farooq aired concern over the long-delayed Iran-Pakistan gas pipeline project. While many goods continued to arrive from Iran without facing sanctions, development projects were subjected to restrictions, he noted. Committee members expressed concern over the lack of clarity about the board of directors of petroleum companies. They recommended seeking guidelines from the Ministry of Finance on the matter as well as on the appointment of managing directors. Senator Farooq also expressed his dismay over the absence of competent candidates for key positions and suggested that advertisements for such posts should be shared with the standing committee. The panel chairman directed officials to report back with a progress timeline. He also called for inviting representatives of the Ministry of Finance to get further clarity on the issue. Committee members voiced concern over the failure of Oil and Gas Development Company Limited's (OGDCL) cell to issue production bonus and the violation of Supreme Court ruling. It was informed that OGDCL was not obligated to pay the production bonus but committee members noted that though the matter had been addressed by the Supreme Court, the Ministry of Petroleum had yet to review the court's judgement. Additional secretary of the Petroleum Division assured the committee that court orders would be reviewed and a way forward would be charted accordingly. The Senate panel was also briefed on financial and administrative irregularities, including details of inquiries conducted over the past three years. It was reported that the stealing of pipeline material at the Central Base Store in Manga by company officials resulted in a loss of nearly Rs380 million. Similarly, the committee was informed about the Bannu West project, where the stolen civil material caused an estimated loss of Rs5 million. Additionally, the theft of industrial material scrap at CMS Lahore and the recovery of around Rs28 million were also reported.
