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In Karachi, Pakistan, milk prices have surged to PKR 210 per liter after the city’s commissioner approved a hike, meeting the demands of the Dairy Farmers Association, according to ARY News. The increase, amounting to PKR 10 per liter, has caused concern among citizens already burdened by inflation. Initial speculation hinted at a potential increase of PKR 50 per liter, as reported by ARY News.
Mubasher Qadeer Abbasi, president of Dairy Farmers Karachi, anticipates a further PKR 50 per liter hike, citing rising production costs, increased cattle prices, and government inaction as contributing factors.
Abbasi urges the Karachi Commissioner to swiftly issue a notification reflecting the new prices aligned with production costs. He emphasizes that failure to announce the increase by May 10 may lead stakeholders to independently raise prices after reaching a consensus.
Recent data from the Sensitive Price Indicator (SPI) indicates a one percent decrease in weekly inflation across all consumption groups in Pakistan, according to ARY News. The SPI for this week stands at 316.95 points, down from 320.14 points the previous week. However, compared to the same week last year, there has been a significant 24.37 percent increase in the SPI for combined consumption groups.
For the lowest consumption group, with expenditures up to PKR 17,732, there was a decrease of 1.09 percent, with the SPI dropping to 306.26 points from last week’s 309.64 points, as reported by ARY News.
