| GEO Business|
| Inflation hit daily commodities ahead of Ramazan|
| Updated at: 0106 PST, Sunday, July 18, 2010|
KARACHI: The soaring inflation by hoarders has tremendously hit daily commodities ahead of Ramazan despite a complete month is still waiting to collapse, according to Geo news reports reached here by late Saturday.
Rs.10/kiloigram have been added to the prices of pulses namely Chana, Mong and Basen (ground pulse), sources said.
The price of Chana pulse has soared from Rs.68 to Rs.78 per kilogram in Islamabad alone while Basen price has gone up by 10 rupees from Rs.65 to Rs.75/kg, as reported by open market sources.
Meanwhile in Lahore, by addition of Rs.4 per kilogram in prices of Basen and Chana pulses, the latest rates have witnessed inflation from Rs.56 to Rs.60/kg and from Rs.49 to Rs.53/kg respectively, while price of special Chana pulse from Rs.53 to Rs.57/kg.
Though the prices of Chana and Basen pulses have seen sustainability in Karachi open market, however, Chairman Karachi Retailers Group (KRG) Fareed Qureshi told Geo news, “He strongly believed to testify hike by Rs.3 to 4 a kilogram in prices of pulses, sugar and flour some days ahead of Ramazan.”
“The prices of sugar in Karachi and Islamabad are nearing Rs.67 and Rs.70 respectively, but nevertheless, before approaching Ramazan, these rates may see inflation up to Rs.70 to 75 respectively”, he said further.