Islamabad, March 29 (IANS) Prices of medicines have increased in the open market and the pharmaceutical hub of Bohor Bazaar in Pakistan’s Rawalpindi, with prices rising from 50 per cent to as high as 500 per cent, local media reported on Sunday. Prices of essential medicines, including those for diabetes and hypertension, antibiotics, gastrointestinal conditions and cough have increased. The price of an insulin injection device in the open market has increased from Pakistani Rupees (PKR) 2,200 t…
Latest Federation of Pakistan Chambers of Commerce and Industry News & Updates
Islamabad, March 28 (IANS) The average price of liquefied petroleum gas (LPG) in Pakistan has surged to Rs 3,900-5,135 per 11.67 kg cylinder from Rs 3,150-3,968 amid the conflict in West Asia, local media reported.Citing data from the Sensitive Price Index (SPI) published by the Pakistan Bureau of Statistics (PBS) for the week ending March 26, Pakistani daily Dawn reported that the most significant price hikes were recorded across various cities in Punjab province.Reports suggest that as gas pri…
New Delhi, March 2 (IANS) The Pakistan government’s power sector policy remains chaotic, leading to further disappointment for the country’s fragile industrial sector. The industrial consumers were told that electricity tariffs would fall by Rs 4.04 per unit for the January billing cycle. Within that very cycle, CPPA-G has sought a positive Fuel Charges Adjustment of Rs 1.78 per unit.A quarterly adjustment of roughly Re 0.40 per unit is also expected. The effective benefit, therefore, shrink…
New Delhi, Jan 26 (IANS) Pakistan’s energy crisis is not the result of a lack of plans, but of persistent disregard for implementation, coordination and market-based principles, a new report has said.The report in Business Recorder says that Pakistan’s circular debt in the energy sector continues to swell and policy fragmentation deepens institutional paralysis.The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has slammed the government’s handling of …
New Delhi, Jan 25 (IANS) With exports stagnating and cost of doing business skyrocketing, Pakistan is going through an ‘investment emergency’ amid ad-hocism and a lack of transparency in policy affairs, a new report has revealed.According to the Federation of Pakistan Chambers of Commerce and Industry, the cost of doing business in Pakistan is 34 per cent higher than that of its neighbours and regional states.“This pushes the entire gamut of the economy on a slippery note as industries, entrep…