In a bid to address economic concerns amidst a challenging period, Karachi Commissioner Muhammad Saleem Rajput unveiled a new pricing structure for mutton in the city, taking a significant step towards regulating the market.
Under the updated guidelines, the cost of mutton has set at Rs1,700 per kilogram, while sheep and lamb meat will priced at Rs1,490 and Rs1,590 per kilogram, respectively. Vendors warned of strict consequences if found selling mutton above these government-mandated prices.
This announcement couldn’t have come at a more crucial time for Pakistan, grappling with a staggering 41.90% year-on-year increase in weekly inflation, as reported by the Pakistan Bureau of Statistics (PBS) by November 16. The surge in inflation primarily attributed to the escalating cost of gas.
Adding to the economic challenges, the Sensitive Price Index (SPI) witnessed a notable 9.95% increase on a week-on-week basis, reflecting the urgency of measures taken by authorities to curb the impact on essential commodities.
The move by Commissioner Muhammad Saleem Rajput aims to strike a balance in the market, offering relief to consumers while ensuring fair practices among vendors. As the economic landscape continues to shift, this step poised to bring stability to the meat market in Karachi and contribute to the broader economic resilience of the region.
