The continuous depreciation of the Pakistani rupee has had significant repercussions on the cost of black tea imports, according to traders. This trend of rupee devaluation, which began during the previous PDM government and has continued under the interim government, has notably impacted the landed cost of imported black tea.
The severe impact
In recent times, particularly since the establishment of the caretaker government, the value of the US dollar has surged by 2.9%, amounting to an increase of Rs8.64, bringing it to Rs297.13 in the interbank market. This currency fluctuation has directly contributed to the rising prices of black tea in the market.
To illustrate this point, retailers have highlighted how even everyday items like tea have seen a notable price increase. For instance, a 170-gram pack that once cost Rs330 is now priced at Rs350, while the smaller pack, previously priced at Rs170, now sells for Rs180.
Also read: Like Many Others, Rising Inflation Forces This Promising Student From D.G. Khan To Abandon Education
The fluctuation in exchange rates serves as a reminder of the interconnectedness of global economies and the potential implications on the daily lives and budgets of consumers.
Have anything to add to the story? Share your thoughts with us in the comments section below!
