BusinessLahore: Hike in Paper Prices Publishers Stopped Printing Books

Lahore: Hike in Paper Prices Publishers Stopped Printing Books

LAHORE: After hiking in paper prices, publishers in Lahore have stopped printing books, ARY News reported on Wednesday.

President Anjuman-e-Tajran, Khalid Pervez said in the last few months:

The price of paper has been upturned to Rs210 per kg from Rs105. The aggregate cost of paper has obliged publishers to stop printing.

The publishers who took tender from Punjab Text Board for publishing books at Rs190 per kg are also concerned due to the upsurge in the paper cost.

He questioned the government to notice of the matter as they are incapable to complete their orders. The current hike in fuel prices has conveyed a storm of inflation to the country.

Citing the latest climb in fuel price, Pakistan Railways (PR) increased the fares of trains.

Rendering to a notification allotted by the PR, the 10 pc upsurge in train fares will take consequence from Friday, June 17, while freight rates increased by 15%.

Sources said that the fare enlarged after the increase in the prices of petroleum products.

Related Stories

Pakistan: Petrol price hiked by Rs 4.53

According to the notification, the petrol price hiked by Rs 4.53 per litre, after which the new price has...

Pakistan Inflation to hit high of 25% this fiscal year: ADB

Pakistan Inflation to hit high of 25% this fiscal year. Asian Development Bank has released the annual outlook report...

A record decline in lending from banks to the private sector

In the current financial year, there has been a record decline in the provision of credit from banks to...

Trending on DiariesPK