Dry fruit prices touch new peak

Rising import figures demonstrate that demand for dry fruits is still strong despite price rise at the domestic level. — Reuters Photo

KARACHI: Like most commodities, the price trend in dry fruits touched new peak with the start of winters when their demand hikes. 

The steep price rise since 2007 has been attributed by traders to low production in the country and costlier imports because of the weakening of the rupee.

However, rising import figures demonstrate that demand for dry fruits is still strong despite price rise at the domestic level.

IMF projects 14pc inflation, 2.75pc GDP growth

The IMF noted although the major export plants had escaped physical damage, cotton and textiles exports might be lower. — File Photo

WASHINGTON: The International Monetary Fund has projected that during 2010-11 Pakistan will have an average inflation rate of 14 per cent and a real GDP growth of 2.75 per cent. 

“The balance of payments is expected to weaken in 2010-11, due in part to the impact of the floods,” said an IMF statement issued in Washington on Tuesday.

“Imports will rise as food and other basic goods will need to be sourced from abroad and imports of capital equipment for reconstruction will increase,” the statement said.