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Prices of food items skyrocket amid Ramadan

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PESHAWAR: With the beginning of Ramadan, prices of food items have also started skyrocketing without any check from the authorities concerned.

During a visit to markets in the capital city of Khyber Pakhtunkhwa (KP) to check and compare rates of edibles with those issued by the district administration, it was found that the prices of food items have continued to increase with each passing day in the holy month.

The price of live chicken has increased to Rs350 per kg and the price of rice increased by Rs70 per kg, said a vendor, adding that the price of rice has gone up to Rs335 per kg.

He also said that split chickpeas (chana dal) started selling at Rs220 to Rs260 per kg, while the price of beans increased by Rs60 per kg with rates jumping from Rs281 to Rs339 per kg.

The price of spices increased from Rs150 to Rs200 per kg, a shopkeeper told APP during a visit.

He shared that the price of spices in the city has reached Rs600 per kg and the cost of oil and ghee also seen a surge by Rs62 per kg, while other vegetables and fruits also now remain out of consumers’ purchasing power. Garlic is being sold at Rs360 and ginseng at Rs620 per kg. On the other hand, peas cost Rs200, Arvi Rs180, Zucchini Rs170, green capsicum Rs150 rupees and tomato Rs120 per kg.

The rates of fruits have also seen a hike. Sweet oranges are priced at Rs440 per dozen, oranges at Rs400 per dozen, banana at Rs300 per dozen, pomegranate Rs400, Iranian apple at Rs340 per kg, Kohati guava at Rs350 and strawberry costs Rs280 per kg.

The skyrocketing price hike also impacted the meat market with beef being sold for Rs700 per kg before Ramadan, but is now priced at Rs800 and Rs1,000 per kg, while the rates of mutton were increased from Rs1,400 to Rs1,600 per kg; thereby increasing to Rs1,800 per kg.

“The rates issued by the district administration do not suit us,” a butcher in the local market said.

When asked about the imposition of fines and raids from the district administration officials, he replied that most officials did not come inside the market to check rates during the recent rain due to heavy mud-stranded water; therefore, the shopkeepers began charging rates of their own choice.

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Donald Lu visits Finance Minister Aurangzeb at the World Bank headquarters.

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Wednesday saw Minister for Finance and Revenue Muhammad Aurangzeb meet US Assistant Secretary of State for South and Central Asian Affairs Donald Lu and Principal Deputy Assistant Secretary Elizabeth Horst.

The finance minister briefed US officials on Pakistan’s reform plan at the World Bank. Meeting both delegations decided to improve bilateral ties.

Meeting topics included alternative energy, agriculture, climate, and tech industry. Boosting the Pakistan-US economic partnership was another finance ministry priority.

With US officials, Pakistan’s Finance Minister Muhammad Aurangzeb addressed IT, agriculture, and other business potential.

Pakistan would collaborate with the US International Development Finance Corporation and Exim Bank, according to Muhammad Aurangzeb.

His name is Donald Lu.
Over 30 years of US government service for Lu as a foreign service officer.

What Pakistan calls the “cipher” dispute involves the American official. The Pakistan Tehreek-e-Insaf (PTI) founder claimed that a supposed official letter between Washington and Islamabad proved his ousting as PM was a US conspiracy.

Washington has strongly refuted Khan’s allegations.

The State Department’s top South and Central Asia diplomat is Donald Lu, assistant secretary of state.

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Huge investment potential exists in the telecom and IT sectors. Shaza Fatima

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According to Shaza Fatima Khawaja, Minister of State for IT and Telecommunication, there are numerous investment prospects in Pakistan’s IT and telecom sectors.

She noted that the current administration is dedicated to fostering foreign investment in the nation, in line with the Prime Minister’s goal.

According to a news release, CEOs Wateen Adil Rashid and Muhammad Shahbaz Khan of Taavun (Pvt) Limited, who paid her a visit on Tuesday, spoke with Minister of State for IT and Telecommunication Shaza Fatima Khawaja.

She declared that the private sector would receive complete support because it is essential to growing our exports.

Regarding youngsters, she stated that they are our greatest asset and that efforts are being made to further their growth.

Sheikh Nahyan bin Mubarak Al Nahyan of the United Arab Emirates was thanked by Shaza Fatima for his particular interest in promoting additional investment in Pakistan’s telecom industry.

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WB pledges complete support for changes aimed at stabilizing Pakistan’s economy.

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Federal Minister for Finance and Revenue, Muhammad Aurangzeb, met with President of the World Bank Group, Ajay Banga, according to a press release from the ministry of finance here. During the meeting, the minister discussed Pakistan’s progress under the nine-month Standby Arrangement (SBA) program as well as ongoing reforms in priority areas of taxation, energy, and privatization.

According to the statement, the minister also extended an invitation to the president to visit Pakistan, and both parties acknowledged the necessity of a rolling 10-year country framework plan.

The minister also talked on safeguarding Pakistan’s eligibility for concessional funding and future project pipeline during a meeting with Masatsugu Asakawa, President of the Asian Development Bank (ADB).

The chief executive officer of the US International Development Finance Corporation (DFC), Scott Nathan, also met with the minister of finance.

They discussed during the conference how DFC may increase its investments in Pakistan after resolving unresolved conflicts in a cooperative manner.

According to the minister, the government is supporting creative financing strategies to maximize PPP potential and private sector participation.

According to the statement, he gave his word that the government will do everything in its power to assist investment projects by both foreign and local businesses in Pakistan.

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