Kenyans are bracing for more hard and tough times over the proposals in the 2023 Finance Act. The tabled financial bill is reinstating 16 per cent value-added tax on petroleum products as well as introducing a housing levy of 3 percent. Prices of nearly all goods and services have gone up in recent months including […]
Recent increase of fuel prices in Tanzania has brought further hash and a worse economic situation motivating more trend of 3.8 percent in inflation (in April 2022) in almost everything including fares for commuter buses within the cities and long-distance buses and rising prices of vital goods leading to rise cost of living and economic […]
Record high prices of oil commodities were reported in Pakistan, with Petroleum at Rs. 137.79 per liter and High Speed Diesel at Rs. 134.48 per liter. [The News]. Pakistan is greatly affected by the high prices of petroleum because every industry in Pakistan is dependent upon petroleum in one way or the other. Increase in the […]
A sudden surge in the prices of petroleum products by more than Rs. 10, in compliance with IMF dictation, has dropped a new petrol bomb on the people, who are already crushed by inflation. The people are skinned alive to achieve the target of Rs. 610 billion of petroleum development levy set by the IMF.
• Capitalist Economics Makes Basic Necessities Out of Reach of the Common Man • Pakistan’s Economic Crisis Cannot be Glossed Over by False Hopes. Nothing less than Ruling by Islam will Fix it Capitalist Economics Makes Basic Necessities out of Reach of the Common Man Facing severe public criticism over price hikes of several items […]