The President of the Saddar Wholesale Market issued a statement in which he says Pakistan only has pulses in the next for 15 days.
What you need to know:
The president warned if the containers are not immediately released from the port, Pakistan would suffer a catastrophic pulse shortage. He claimed that the price of pulses jumped by Rs100 per kg. This is a result of hundreds of containers being detained at the ports. He continued, “The administration has not yet put its decision to waive port fees into effect.
The Sensitive Price Index (SPI), which is used to assess weekly inflation in Pakistan, increased by 0.45% during the week ended January 26, 2023.
Why it matters:
The figures show that the SPI for the week under consideration was 229.83 points as opposed to the 228.90 points recorded before. He continued, “The administration has not yet put its decision to waive port fees into effect.”
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