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‘Imported products to become 40% more expensive in Pakistan’

Fall in rupee value causing the surge

SAMAA | - Posted: May 20, 2019 | Last Updated: 3 years ago
Posted: May 20, 2019 | Last Updated: 3 years ago

The devaluation of the rupee has forced traders to limit imports, which will eventually cause a rise in the price of imported items by 35 to 40%. But it won’t just be imported products that become more expensive; the price of local commodities is going to rise too. 

This means that your imported cereal, jams, shampoos and body washes will all become more expensive.

The Karachi Wholesale Grocers Association’s (KWGA) patron-in-chief, Anis Majeed said that almost 50% of items are being imported, which includes daal (lentils).

Commodities with duties on them will become even more expensive, he told SAMAA TV’s on its show Naya Din on Monday. “There is 45% duty on milk powder, so we can expect that its price would rise more than other commodities,” Majeed added.

Related: Dollar rises to 150 against the Pakistani rupee

With the increase in the prices of petroleum and electricity, there will be a surge in the price of local products, the patron-in-chief said.

People can expect that their grocery shopping will cost 30% more in the coming months, he said. “If you spent Rs10,000 on groceries, you would now spend Rs13,000,” Majeed added. Moreover, the cost of transportation has caused the cost of vegetables and fruits to rise.

The dollar touched Rs150 in the open market on Friday. This is its highest-ever rate against the rupee.

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  1. Naya-Pakistan  May 20, 2019 5:43 pm/ Reply

    IK’s Naya-Pakistan.

  2. LANTI  May 20, 2019 9:59 pm/ Reply

    Naya Pakistan aagya!! mubarak ho sabko!

  3. Ayaz  May 20, 2019 10:54 pm/ Reply

    Naya Pakistan.. what a wonderful place. I’ll take competent and “corrupt” over foolish and destructive any day.

  4. Najam  May 21, 2019 12:58 pm/ Reply

    Welcome to Naya Pakistan where life and condition of general public is being deteriorated by government and traders.

  5. Furqan Tariq  May 23, 2019 1:48 pm/ Reply

    We are so stupid as a nation. We import each and everything. Its an excellent decision, who wants to use imported products should pay more. Otherwise use locally manufactured products.

  6. Bashir  May 23, 2019 6:37 pm/ Reply

    Sadly, tabdeeli aa nahi rahi aa gayi hai. IK is incompetently hypocrite man.

  7. Adnan  May 23, 2019 9:05 pm/ Reply

    Low income family rebates and poor should get social services. Those who can afford should pay more.

  8. Sher khan  May 26, 2019 10:58 am/ Reply

    It is shame theses individuals are complaining about imported materials. Too bad you to get used to eat and local stuff. I wish it be 100% more expensive, I can use Pakistani products. Shame on people complaining, you are the same clowns with dollar accounts. We are an indebted nation, we borrow and beg so few can have imported surkhi powder

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imports, dollar, devalaution, groceries, rupee, imported items, KWGA

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