Inflation in Pak
Business News: For the last few years, India's neighboring country Pakistan has been struggling with economic crisis and inflation. Especially till last year, inflation had created an outcry. Everyday essential things like flour, rice, pulses, sugar, tomatoes and apples were touching the sky.
Although there is some improvement in the situation now, this improvement is not as effective as it should be. Even today, the prices of these essential commodities in Pakistan are much higher than in India. In addition, the country's foreign exchange reserves (Forex Reserve) have also fallen last week to $ 15.436 billion (about Rs 15,43,60,00,000), which further exposes the economic instability there. Let us know in detail what are the prices of items like flour, rice, pulses, sugar, apples and tomatoes in Pakistan and their comparative analysis with India.
The price of flour in Pakistan is much higher than in India. The 5 kg flour pack is available in India for an average of Rs 250. At the same time, the price of 5 kg flour on Pakistan's grocery websites is about 560 Pakistani rupees (PKR). This difference clearly shows that flour in Pakistan is more expensive than doubled than India. The main reason for this high price can be considered the economic instability and obstacles in the supply chain.
Rice, which is part of the main meal in both countries, also has a big difference in prices. The average rice in Pakistan is priced at Rs 275 per kg. On the other hand, good quality rice in India, such as Basmati, is priced between 60 to 65 rupees per kg. In this way, rice in Pakistan
Lentils, which are the main source of protein, also cost more than India in Pakistan. The price of 1 kg gram gram dal in India is an average of Rs 100. At the same time, the price of 1 kg gram gram dal in Pakistan is about 575 Pakistani rupees. This difference not only affects the price of lentils, but also affects the nutritional level of the people, as affordable protein sources like lentils are now getting out of reach of common people.
Chinese, which every household needs, is also priced at much more than India in Pakistan. The price of sugar in Pakistan is 185 Pakistani rupees per kg, while in India it is only around Rs 50 per kg. In this way, the price of sugar in Pakistan is about three and a half times more than India. This difference also increases the cost of tea, sweets and other foods, which makes the daily life of common people more challenging.
Apple is a popular option in the category of fruits, but its prices are also more than double in Pakistan. The price of apple in India is an average of Rs 250 per kg. At the same time, the price of apple in Pakistan is more than 530 Pakistani rupees per kg. This high price may be due to fruit availability and dependence on imports, which further complicates Pakistan's economic condition.
Tomatoes, which are the basis of vegetables and gravy in every kitchen, have reduced the prices in Pakistan in recent times. Currently, the price of tomatoes on Pakistan's grocery websites is 81 Pakistani rupees per kg. At the same time, in India, especially in Delhi, the price of tomatoes is between 30 to 40 rupees per kg. Although the difference in tomato prices is less than other items, it is still twice from India in Pakistan.
Pakistan's economy is facing many challenges. Reduction in foreign exchange reserves, dependence on imports, and obstacles in local production are the major factors to increase inflation. Foreign exchange reserves fell to $ 15.436 billion last week, further limiting the country's import capacity.
Inflation is also an issue in India, but it is quite controlled compared to Pakistan. Government policies in India, such as subsidy, food storage, and local production, help to keep the prices of essential commodities stable. In contrast, economic instability and policy deficiencies in Pakistan have made it difficult to control prices.
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