Pakistan’s Economic Affairs Minister Hamad Azhar said on Tuesday that the country’s inflation has increased because of the ban on trade with India. He admitted that inflation was increased because of seasonal factors and the role of intermediaries. Prices of vegetables are continuously increasing these days in Pakistan. Tomato prices have crossed Rs 300 per kg. Prices of green chilies, onions, and other vegetables have increased by almost 50%.
Minister for Economic Affairs, Hammad Azhar says Pakistan has recorded lowest first quarter fiscal deficit in thirteen years. pic.twitter.com/if0kTJQxgU
— Information Ministry (@MoIB_Official) December 1, 2019
Minister Azhar said- the central government of Pakistan is talking to the provincial governments on setting up cheaper markets. For the convenience of the people, the local administration will help in providing food at a low cost. He said that inflation will come down in January-February. The government is also considering increasing the number of vegetables imported from other countries.
Moody’s has upgraded Pak’s rating to B ‘Stable’ from B ‘negative’.
It was during June 2018 review when Moody’s downgraded Pak econ. PTI govt rescued that econ from crises and then achieved good progress in stabilisation. Our ultimate goal is sustainable growth and development.— Hammad Azhar (@Hammad_Azhar) December 2, 2019
India used to send vegetables extensively to Pakistan
On August 5, the Government of India neutralized Article 370 in Jammu and Kashmir. After this, Pakistan had reduced diplomatic relations with India. Later the business was also banned. Earlier India used to export vegetables from Wagah border to Pakistan. Last month, Pakistan exported vegetables from Iran. Vegetables are sent from Afghanistan to Pakistan.
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Vegetable prices in Pakistan
The vegetables
- First Price (per kg) Current Price (per kg)
- Tomato 120-150 Rs. 320-350 Rs.
- Green chili Rs. 12-15 1 Rs. 20-150 Rs.
- Onion Rs. 40-50 Rs. 120-140 Rs.
- Gourd Rs. 40-50 Rs. 80-100
- Cabbage Rs. 30-40 Rs. 80-90
- Green Peas Rs. 12-15. Rs. 140 – 150 Rs.
