ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), has risen to 5.08 percent in Pakistan on a year-on-year basis, the country’s statistics bureau said this week, with an increase observed in prices of edible items.
The SPI, which comprises 51 essential items collected from 50 markets in 17 cities, is computed on a weekly basis to assess the price movement of essential commodities at shorter interval of time so as to review the price situation in the country.
The SPI for the week ending on Dec. 26 increased by 0.80 percent as compared to the previous week, according to the Pakistan Bureau of Statistics (PBS). This is the third time short-term has increased in the South Asian country. Weekly inflation last decreased by 0.34 percent in Pakistan in the week ending on Dec. 5.
“During the week, out of 51 items, prices of 17 (33.33 percent) items increased, 10 (19.61 percent) items decreased and 24 (47.06 percent) items remained stable,” it said in a report.
Major increase was observed in prices of chicken (22.47 percent), tomatoes (20.75 percent), sugar (2.19 percent), vegetable ghee 1 kilogram (1.17 percent), firewood (0.95 percent), cooking oil 5 liter (0.74 percent), cooked beef and mustard oil (0.69 percent) each, liquefied petroleum gas (0.18 percent) and washing soap (0.09 percent).
The items that recorded a decrease in prices included onions (8.13 percent), potatoes (2.38 percent), bananas (0.68 percent), rice (0.50 percent) and eggs (0.30 percent).
Pakistan’s annual consumer inflation slowed to 4.9 percent in November, lower than the government’s forecast, according to the PBS. The finance ministry had projected inflation would slow to 5.8 percent-6.8 percent in November and ease to 5.6 percent-6.5 percent in December.
Consumer inflation cooled from 7.2 percent in October, a sharp drop from a multi-decade high of nearly 40 percent in May 2023.
Pakistan weekly inflation increases for third week in a row
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Pakistan weekly inflation increases for third week in a row
- Pakistan’s annual consumer inflation slowed to 4.9 percent in November, lower than the government’s forecast
- Major increase observed in prices of chicken, tomatoes, sugar, vegetable ghee, liquefied petroleum gas and soap
Pakistan denies role in Afghan regime change, says military operation will continue
- Pakistan, Afghanistan have been embroiled in military conflict since last week after Afghan forces launched retaliatory attacks against Islamabad
- Pakistan not targeting indiscriminate sites but specific infrastructure, installations being used to support “terrorist groups,” says security official
ISLAMABAD: Islamabad is not seeking a regime change in Afghanistan, state media reported this week quoting a senior security official, who vowed that Pakistan’s military operation against Afghan forces will continue until the Taliban government stops facilitating militants.
The statement comes in response to the ongoing military conflict between Afghanistan and Pakistan, which began after Afghan forces on Thursday launched attacks in retaliation for Pakistani airstrikes earlier this month.
Since then, Pakistan has carried out military operations along the border, with Information Minister Attaullah Tarar claiming the killing of 435 Afghan forces and the capture of 31 Afghan positions. Afghanistan, on the other hand, has also claimed capturing several Pakistani military posts along the border and carrying out strikes targeting military bases in Pakistan. Arab News could not independently verify these claims.
“He clarified that Pakistan has nothing to do with any change of government in Afghanistan, calling it an internal choice of the Afghan people,” state broadcaster Radio Pakistan reported on Monday, citing a senior security official who spoke on condition of anonymity.
Islamabad accuses the Afghan Taliban government of sheltering militants, particularly the Tehreek-e-Taliban Pakistan (TTP) in Afghanistan and facilitating their attacks against Pakistan.
Afghanistan has denied these charges and urged Pakistan to focus on resolving its security challenges internally without blaming Kabul.
The official said the Afghan Taliban will have to either pick sides between Pakistan or the “terrorist groups” operating from their soil.
“A senior Pakistani security official has said that ‘Operation Ghazab Lil-Haq’ will continue until the Afghan Taliban government provides verifiable assurances to Pakistan that it will stop facilitating Fitna Al-Khwarij and Fitna Al-Hindustan,” Radio Pakistan reported.
Pakistan’s government and military use the terms “Fitna Al-Khwarij” for the TTP and “Fitna Al-Hindustan” for separatist militant outfits that operate mostly in southwestern Balochistan province. Islamabad accuses its chief rival India of supporting these militant groups, charges that New Delhi has always denied.
The security official rejected Afghanistan’s claims Pakistan has killed numerous civilians in its operations.
“He stressed that Pakistan is not targeting indiscriminate sites but only specific infrastructure and installations being used to support terrorist groups,” the state broadcaster said.
The latest cross-border fighting ended a ceasefire brokered by Qatar and Turkiye in October. The two sides failed to reach a permanent agreement during talks in Istanbul.
Despite the ongoing tensions, Pakistan’s President Asif Ali Zardari on Monday reiterated Islamabad’s calls for talks with Afghanistan.
“We have never walked away from dialogue,” he said.
