February 2023

Pakistan government hikes petrol, diesel prices by Rs 35 a litre – Deccan Herald

Pakistan’s ministry of finance announced on Sunday petrol and diesel prices would rise by 35 rupees ($0.1400) a litre after the country’s currency value plummeted this week when price caps were removed.The decision came days before an International Monetary Fund mission will visit Pakistan later this month to discuss the stalled ninth review of the …

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Price hikes and rupee depreciation – Pakistan Today

Backbreaking inflation to continueAfter allowing the rupee to find its real market value last week, it depreciated close to 17% in three trading sessions. Such rapid depreciation was a certainty once the cap was removed, owing to the pressure being built up in the currency market since limits were placed on the dollar-rupee parity by …

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