Pakistani Muslims shop for Ramadan supplies amid price hike concerns

People buy grocery at a shop ahead of the Islamic holy fasting month of Ramadan in Rawalpindi on March 11, 2024. (AFP/File)
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Updated 15 February 2026
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Pakistani Muslims shop for Ramadan supplies amid price hike concerns

  • Pakistan endured one of Asia’s highest inflation spikes in 2023, nearly 40 percent, exacerbated by a macroeconomic crisis
  • PM Shehbaz Sharif this week announced $136 million Ramadan Relief Package for deserving people across Pakistan

KARACHI: Pakistanis thronged markets on Friday and Saturday to shop for supplies ahead of the holy month of Ramadan, while keeping a watchful eye on rising food prices.

In cities such as Karachi, many people were seen buying commodities at the main wholesale market of the city. Some, like Islamabad resident Danish Ali, have noted high inflation as the cause of price hike.

“There are about six or seven days left for Ramadan, so the prices have started to increase,” Ali said. “Now, l have bought banana for 200 rupees a dozen, and it is small size.

“A few days ago it was being sold for 100 rupees a dozen. As Ramadan is starting, inflation is increasing. So is with the prices of vegetable.”

Pakistan endured one of Asia’s highest inflation spikes in 2023, nearing 40 percent, driven by a weakening rupee, rising fuel costs and price hikes linked to IMF-backed reforms.

“Look how much sales tax the government has imposed,” Najeebullah, a shopkeeper selling dates, said. 

“I used to pay 100,000 ($357) or 130,000 rupees ($465) for one container. So guess what, the tax has reached 800,000 rupees ($2863) for one container,” he added. 

Although inflation has since slowed to 5.8 percent, analysts warn the changes to power prices could add inflationary pressure.

Prime Minister Shehbaz Sharif on Saturday announced Rs38 billion [$136 million] Ramadan Relief Package which will be disbursed among deserving people across the country, his office said.


Pakistani man on trial over Trump assassination plot with ties to Iran— US prosecutors

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Pakistani man on trial over Trump assassination plot with ties to Iran— US prosecutors

  • Asif Merchant, 47, met with men in New York in 2024 he thought he was recruiting to carry out political assassinations, prosecutors say
  • Merchant is a deeply religious man who frequently traveled to Iran and Pakistan to meet his separate families, his lawyers say 

NEW YORK: The trial began this week of a Pakistani man who US prosecutors say had ties to the Iranian government and traveled to New York to meet with men he thought he was recruiting to carry out political assassinations on American soil, including potentially of President Donald Trump.

Asif Merchant, 47, faces a life sentence if he’s convicted of “terrorism” charges. His trial got underway Wednesday in a federal court in Brooklyn.

Prosecutors said in court filings that a man who Merchant initially met when he arrived in New York in April 2024 later notified authorities about the plot and became a confidential informant, The New York Times reported. Merchant later paid a $5,000 advance to two would-be assassins who were actually undercover FBI agents, prosecutors said.

At the time, Merchant did not specify who the target would be, but court filings show the potential targets included high-level officials such as Trump.

Merchant, who has maintained his innocence, is a deeply religious man who frequently traveled to Iran and Pakistan, where he has separate families, which his lawyers noted is legal in both countries he calls home. They told jurors Wednesday that there was simply not enough evidence to show their client was involved in some type of plot.

Prosecutors told jurors that Merchant sketched out his plans by putting objects on a hotel napkin to represent people and places in a potential assassination plot, including the target, crowd and buildings. The killing would have occurred during the run-up to the 2024 presidential election.

The FBI has foiled several alleged attacks through sting operations in which agents posed as terror supporters, supplying advice or equipment. Critics say the strategy can amount to entrapment of mentally vulnerable people who wouldn’t have the wherewithal to act alone.