Increase in oil – Prices go up by 5%
Increase in oil – Prices go up by 5%
Increase in oil – Prices go up by 5%: ISLAMABAD – Pakistan’s inflation rate has increased upto 5% in the month of May due to boost in oil and commodities prices in the country ahead of Ramazan.
The inflation is measured through Consumer Price Index (CPI), which tracks prices of around 480 supplies every month, has increased by 5 percent in May 2017 as against same month of the last year. The inflation rate has gone to 5 percent after a long time due to global revival of international commodity and oil prices, along with rise in domestic demand due to pick up of economic activities.
The government has set inflation target at 6 percent for the upcoming financial year 2017-18. However, the government might struggle to keep inflation rate in control due to heavy taxation measures and withdrawal of subsidies. The government has introduced heavy taxation measures of Rs120 billion and reduce the overall subsidy amount by Rs22 billion. These two measures would fuel the inflation rate in the next financial year, which is currently in control.
As of now, the prices of alcoholic beverages and tobacco went up by 10.76 percent, clothing and footwear by 3.68 percent and furnishing and household equipment maintenance charges 2.59 percent. Recreational charges and those related to culture went up by 0.17 percent in the period under review, while amounts charged by restaurants and hotels by 5.37 percent in May 2017 as compared to the same month last year. In food commodities, prices of potatoes increased by 19.88 percent, fresh fruits 10.12 percent, pulse gram 2.35 percent, beverages 1.8 percent and gram whole price surged by 1.76 percent. Likewise, in non-food items, water supply charges enhanced by 2.03 percent, household servants charges up by 1.4 percent, marriage halls charges by 1.23 percent and construction wages rates surged by 1.06 percent during May as compared to April.
Increase in oil – Prices go up by 5%. Increase in oil – Prices go up by 5%
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Introduction
HumSub TV is Pakistan’s leading forwarding-thinking, edutainment channel, aimed at promoting and upholding peace, interfaith harmony and social responsibility within Pakistan through informative and insightful programmes and documentaries; analytical interviews on issues pertaining to social, economic, legal and environmental set-up; dedicated shows to canvass and thereby promote the culture and heritage of Pakistan and in-depth coverage of national and international news.
HumSub TV is the first channel and thus a pioneer within its own right that mainly focuses on emphasising the “Rights” as well as the “Obligations” of the citizens in light of the Constitution of Pakistan, numerous International declarations signed by the Government and various laws that have been promulgated over the years but are not in the knowledge of the common citizen.
HumSub TV also aims to enter into bilateral agreements with other countries to promote not only their culture, heritage and tourism, but also their educational and medical facilities.
Following the successful launch of HumSub TV’s head office in Blue Area, Islamabad; the bureau office has been set up in Lahore.
Vision
To project positive image building of Pakistan and inculcate nationalism, as per the vision of the founder of the nation, Quaid-e-Azam Mohammad Ali Jinnah.
Mission
HumSub TV is resolute about the promotion of a pluralistic, inclusive and egalitarian society in Pakistan where all citizens are allowed to contribute to promote interfaith harmony, peace and collective wisdom in the social, political and economic development of Pakistan and to encourage critical and lateral thinking in the society. HumSub TV strives to make a positive contribution to this end.
HumSub TV’s Theme
HumSub TV, Pakistan’s first EDUTAINMENT Channel, has been set up for not only those audience residing in Pakistan or overseas but the international community on the whole. The vision of the channel is to project positive image building of Pakistan and inculcate nationalism as per the vision of the founder of the nation.
HumSub TV strives to make a positive contribution to this end by promoting pluralism, inclusiveness and egality in Pakistan and give voice to the suppressed. It endeavors to act as a positive catalyst for social change and Pakistani nationalism. It envisions providing a platform for airing critical and lateral thinking and collective wisdom by inviting positive minded intellectuals and opinion forming individuals for the promotion of interfaith harmony and peace in the social, political and economic development of Pakistan.
Whereas the channel airs upbeat edutainment programmes, it, nonetheless, has the primary objective of countering negative anti-Pakistan regional and international propaganda as well as advancing fundamental rights as encapsulated in the Constitution of Pakistan.
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