Karachi: Pakistan: Amid worsening economy, chicken prices in Karachi fixed at PKR 502 per kg

KARACHI: Amid glooming economy in Pakistan, the worth of rooster meat in Karachi has been mounted at PakistRupees (PKR) 502 per kilogram for retailers, ARY Information reported on Saturday.
As per particulars, Commissioner Karachi has issued a notification of rooster costs within the metropolis.
The rooster meat worth has been mounted at PKR 502 per kg whereas the rooster worth for the poultry kind will likely be PKR 310 per kg and the wholesale worth of the rooster is mounted at PKR 318 per kg, ARY Information reported.
Earlier in February, the worth of per kg rooster meat in Karachi elevated sharply and was being bought at PKR 700.
After mutton and beef, rooster meat additionally falling out of the attain of the center class, with dwell rooster priced at PKR 500.This worth hike is because of the closure of a number of poultry companies because of a scarcity of feed.
In the meantime, the worth of rooster has reached an all-time excessive in Rawalpindi, Islamabad, and another cities with a kilogram of poultry meat being bought for PKR 700-705. Whereas, in Lahore, the second most populous metropolis within the nation, the worth of rooster meat is hovering between PKR 550-600 per kg, ARY Information reported.
The federal government had launched an investigation to determine the reason for the feed scarcity.
On the similar time, the customers are additionally affected by a flour disaster, with 20-kilogram ‘atta’ luggage being bought at costs various from PKR 2850-3050 within the open market
The World Financial institution has reported a rise in poverty in Pakistan throughout the earlier fiscal 12 months because of hovering meals and power costs, labour market challenges, and flood-related damages, Daybreak reported.
Based on the Macro Poverty Outlook, which was ready for the latest annual conferences of the World Financial institution and IMF in Marrakesh, Morocco, extended and excessive inflation in meals and power costs, mixed with a scarcity of considerable financial development, may result in social upheaval and negatively affect the well-being of deprived households which have already seen their financial savings dwindle and incomes decline.

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