KARACHI (City News) – Hike in United States (US) Dollar value has impacted prices of commodities as well as those of the imports.
Price of gold has hit some Rs 300 hike within two days owing to sharp increase in value of Dollar against Pakistani Rupee.
Given the prevalent value imbalance, it is highliy likely that prices of daily life utilities are adversely affected including those of petrol, electricity, tea, pulses and grams and elecronic appliances among a range of others.
The upward revision of prices has come in after US Dollar gained strength by Rs 3.00 within two days.
According to a tentative estimate, diesel price is likely to see a hike of Rs 1 per litre, cooking oils are see a revision of Rs 10 per litre while pulses and grams may witness an upward revision of Rs 5 to Rs 7 per kilogram.
Formulaic milk for infacts can have its price hiked by Rs 25 to Rs 30 per jar. The Dollar hike has caused Pakistan’s foreign debts go by at least Rs 300billion.