PBS Archives - Energy Update

Gas price has surged by whopping 1,109pc in a year: PBS

November 25, 2023November 25, 2023 Admin

ISLAMABAD: Official data released by the Pakistan Bureau of Statistics (PBS) shows that gas charges have gone up by 1108.59 percent in the outgoing week of 2023 against the same week last year. The official data of the Sensitive Price Index (SPI) released on Friday shows that gas charges for lower quintile witnessed a hike in prices by 1108.59 percent in the latest week. On other hand, the Ministry of Energy claimed that gas prices went up 65 percent on average with effect from November 2023, so there is something…

Economic confidence hits new low

November 22, 2023November 22, 2023 Admin

Ipsos survey reveals anxieties over inflation, unemployment and poverty levels ISLAMABAD: Only one in ten Pakistanis believes that the country is heading in the right direction, with economic problems ranking as the most worrying issues for them, reveals a new opinion poll. The outcomes of the survey reflect the overall poor conditions of the country, yet the number seeing the economy as very weak has declined to 60%, according to the Consumer Confidence Index Survey conducted by Ipsos – a market research firm – last month. The survey revealed that…