Pakistan January CPI rises 27.5% year-on-year, highest since May 1975

This picture taken on January 30, 2023 shows residents buying vegetable at a market in Pakistan's port city of Karachi. (AFP)
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Updated 01 February 2023
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Pakistan January CPI rises 27.5% year-on-year, highest since May 1975

  • Food inflation increased to 42.9% in Jan 2023 as prices of chicken, wheat, rice, wheat flour and vegetable increased
  • Pakistan desperately needs IMF to release an overdue tranche of $1.1 billion, leaving $1.4 billion remaining in a stalled bailout

KARACHI: Pakistan’s inflation rate surged to 27.6 percent, the highest in over four decades, on a year-on-year basis in January 2023, due to a surge in the cost of transportation and commodities, according to official data released on Wednesday.

On a month-on-month (MoM) basis, the consumer price index (CPI) was up 2.9 percent as compared to an increase of 0.5 percent last month, according to Pakistan Bureau of Statistics (PBS). 

On January 1, the statistics bureau said Pakistan’s consumer price index rose 24.5 percent in December, year-on-year. 

Arif Habib Limited, a Karachi-based investment firm said year-on-year inflation was the highest since May 1975, which saw a rise of 27.8%.

“The monthly CPI is highest in at least 20 years,” Muhammad Sohail, CEO of Topline Securities, told Arab News.

“This takes seven months of the current fiscal year’s (7MFY23) average inflation to 25.4 percent compared to 10.3 percent in the same period last year. Inflation remained higher than market expectations.”

Rural inflation increased to 32.3 percent on a year-on-year basis in the months of January 2023 as compared to an increase of 28.8 percent in the previous month and 12.9 percent in January 2022. Food inflation increased to 42.9 percent in January 2023 as the prices of chicken, wheat, rice, wheat flour and vegetable increased according to the bureau of statistics. 

Pakistan last week enhanced the prices of petroleum by Rs35 per litter and devalued its currency by almost 13 percent ahead of talks with the International Monetary Fund (IMF) for the revival of a stalled $7 billion loan program. 

Analysts say the recent impact of the petroleum price hike and massive rupee depreciation has “yet to come.”

Pushed to the brink by last year’s devastating floods, the South Asian nation has reserves of just $3.7 billion remaining, or barely enough for three weeks of essential imports, while hotly contested elections are due by November.

It desperately needs the IMF to release an overdue tranche of $1.1 billion, leaving $1.4 billion remaining in a stalled bailout program set to end in June.


Pakistan minister calls for integrating ocean awareness into education to preserve ecosystems

Updated 14 min 43 sec ago
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Pakistan minister calls for integrating ocean awareness into education to preserve ecosystems

  • Pakistan’s maritime sector posted a record $360 million profit in 2025 following a year of sweeping reforms
  • Junaid Anwar Chaudhry says education equips youth to make informed decisions, contribute to blue economy

KARACHI: Pakistan’s Maritime Affairs Minister Junaid Anwar Chaudhry has urged integrating ocean awareness into formal education systems and empowering youth as active partners in order to preserve marine ecosystems, his ministry said on Saturday.

Chaudhry said this at a meeting with Minister of State for Education and Professional Training, Wajiha Qamar, who called on him and discussed strategies for enhancing marine education, literacy, and youth engagement in sustainable ocean management.

Pakistan’s maritime sector posted a record Rs100 billion ($360 million) profit in 2025 following a year of sweeping reforms aimed at improving port efficiency, cost-cutting, and safeguarding marine ecosystems to boost the blue economy.

“Understanding our oceans is no longer optional, it is essential for climate resilience, sustainable development, and the long-term health of our maritime resources,” Chaudhry said, highlighting the critical role of marine literacy.

The minister said education equips youth to make informed decisions and actively contribute to marine conservation and the blue economy, urging inclusion of marine ecosystems, conservation and human-ocean interactions into curricula, teacher training and global citizenship programs.

“Initiatives like ‘Ocean Literacy for All’ can mainstream these elements in national policies, school programs, and community workshops to build proactive citizenship on marine challenges,” he added.

Ocean Literacy for All is a UNESCO Intergovernmental Oceanographic Commission–coordinated global initiative under the UN Ocean Decade (2021–2030) that promotes ocean awareness, education, and conservation.

Chaudhry announced reforms in maritime education, including granting degree-awarding status to the Pakistan Marine Academy, and the establishment of the Maritime Educational Endowment Fund (MEEF) to provide scholarships for deserving children from coastal communities.

“The scholarship program promotes inclusive development by enabling access to quality education for youth from over 70 coastal and fishing communities, particularly in Sindh and Balochistan,” he said.

The discussions underscored raising awareness about oceans, coastal ecosystems and marine resources, according to the Pakistani maritime affairs ministry. Both ministers stressed the need to integrate climate and marine education from classrooms

to community programs, addressing risks like rising sea temperatures, coastal erosion, biodiversity loss and pollution.

“Incorporating marine science and ocean literacy into curricula can help students connect local challenges with global trends,” Qamar said, underscoring education’s transformative power in building social resilience.

The meeting explored translating complex marine science into accessible public knowledge through sustained, solution-oriented awareness campaigns, according to the maritime affairs ministry.

With coastline facing pressures from climate change, pollution, and overexploitation, the ministers called for a coordinated approach blending formal education, informal learning and youth-led advocacy.

“A joint effort by the Ministries of Maritime Affairs and Education can cultivate an ocean-literate generation, transforming vulnerability into resilience and ensuring the long-term sustainability of coastal and marine ecosystems,” Chaudhry said.