Egg prices soar to 400 PKR in Lahore amid failure to impose government rates

livemint.com:

cost of eggs has surged to 400 Pakistani Rupees (PKR) per dozen in Lahore, Punjab in neighbouring Pakistan, according to market sources reported by ARY News on January 15. Local authorities are facing challenges in implementing government rate lists as prices for various commodities continue to skyrocket, the report noted. Onions, for instance, are being sold at 230 to 250 PKR per kg, exceeding the government-fixed rate of PKR 175 per kg.

In Lahore, the price per dozen eggs has reached PKR 400, while chicken is being sold at PKR 615 per kg, as highlighted in the ARY News report. Also Read | 2023, the year of crisis for Pakistan's economy, politics and security | 5 takeaways Last month, the country's Economic Coordination Committee (ECC) directed the National Price Monitoring Committee (NPMC) to coordinate regularly with provincial governments. The aim is to implement measures ensuring price stability, while also addressing issues related to hoarding and profiteering.

This decision was made during a meeting chaired by Caretaker Federal Minister for Finance, Revenue, and Economic Affairs, Shamshad Akhtar. A report from ARY News reveals that Pakistan's total debt has surged to a staggering 63,399 trillion PKR by the end of November in FY2023-24. During the tenure of the PDM and the caretaker government, Pakistan's total debt increased by over 12.430 trillion PKR.