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Onion are Now Officially More Expensive than Dollar in Pakistan

admin-augaf by admin-augaf
January 20, 2023
in Business, Finance
Reading Time: 1 min read
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Pakistan Exempt Duties on Import of Onion, Tomatoes to Ensure Food Security After Flood Destruction

Pakistan Exempt Duties on Import of Onion, Tomatoes to Ensure Food Security After Flood Destruction

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Islamabad January 20 2023: Onion prices increased by 5.8 times in Pakistan in a year to PKR 233 per kg which is 3 rupees higher to today’s dollar closing Pakistan Bureau of Statistics data revealed on Friday.

However, the SPI for the current week ended on 19th January, 2023 remained unchanged.

Major increase is observed in the prices of food items, Rice Basmati Broken (3.54 percent), Onions (3.50 percent), Chicken (3.21 percent), Bananas (3.04 percent), Rice Irri-6/9 (2.43 percent), Garlic (2.16 percent), Bread (1.45 percent), Cooked Beef (1.26 percent), Tea Prepared (1.22 percent) and Cooked Daal (1.12 percent), non-food items, LPG (2.34 percent) and Washing Soap (1.54 percent).


On the other hand decrease is observed in the prices of Wheat Flour (5.98 percent), Tomatoes (2.87 percent), Potatoes (2.73 percent), Sugar (0.94 percent), Vegetable Ghee 1 Kg (0.50 percent), Vegetable Ghee 2.5 Kg (0.41 percent), Pulse Masoor (0.38 percent), Eggs (0.09 percent), Cooking Oil 5 Litre (0.07 percent), Pulse Gram (0.05 percent) and Mustard Oil (0.01 percent).

During the week, out of 51 items, prices of 23 (45.10 percent) items increased, 11 (21.57 percent) items decreased and 17 (33.33 percent) items remained stable.

The year on year trend depicts an increase of 31.83 percent, Onions (482.07 percent), Chicken (101.93 percent), Tea Lipton (65.41 percent), Eggs (64.23 percent), Diesel (57.34 percent), Rice Basmati Broken (56.09 percent), Pulse Moong (55.63 percent), Rice Irri-6/9 (50.28 percent), Salt Powdered (49.50 percent), Bananas (47.73 percent) and Wheat Flour (46.38 percent), while decrease is observed in the prices of Chillies Powdered (22.98 percent), Electricity for Q1 (12.31 percent), Tomatoes (9.41 percent) and Sugar (0.25 percent).



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500% Jump in Onion Costs to Worsen Pakistan’s Inflation: Bloomberg


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