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SPI jumps 5.03% on tomato prices | The Express Tribune
KARACHI:
The Sensitive Price Indicator (SPI), which tracks the weekly movement of essential commodities, registered a year-on-year (YoY) increase of 5.03% for the week ended October 23, 2025, according to data released by the Pakistan Bureau of Statistics (PBS).
The rise reflects continued inflationary pressure in key household goods, particularly food and energy-related items.
The SPI, which monitors 51 essential commodities from 50 markets across 17 cities, showed that the highest inflationary impact was felt in lower-income groups, with YoY increases ranging from 4.05% to 6.06% across consumption quintiles.
On a week-on-week (WoW) basis, the overall SPI inched up 0.22%, indicating that short-term price pressures persist despite relative stability in some essential items.
PBS data highlighted that tomato prices surged by a staggering 120.94% compared to the same week of last year, making it the largest contributor to food inflation. Other notable YoY increases were observed in ladies’ sandals (55.62%), sugar (40.82%), gas charges for Q1 (29.85%), wheat flour (18.28%), gur (18.26%), beef (13.48%), firewood (12.68%), and vegetable ghee in both 1kg and 2.5kg packs (around 12.4%). Prices of diesel (9.75%) and eggs (9.40%) also climbed, adding to household budgetary stress.
Conversely, a few essential items witnessed substantial price declines over the year. Garlic became cheaper by 29.90%, followed by pulse gram (-28.23%), chicken (-26.32%), electricity charges for Q1 (-26.26%), onions (-26.06%), and potatoes (-19.65%). Prices of Lipton tea (-17.93%), pulse mash (-16.58%), pulse masoor (-3.66%), and LPG (-3.54%) also showed YoY declines.
In weekly movement, the SPI rose marginally by 0.22%, driven by higher prices of onions (5.62%), energy savers (2.51%), eggs (2.38%), sugar (2.04%), and firewood (1.17%). Smaller increases were recorded in garlic (0.93%), bananas (0.80%), powdered milk (0.58%), beef (0.47%), and cooking oil (0.36%).
Meanwhile, a slight decline was seen in chicken (-2.51%), Irri-6/9 rice (-1.19%), pulse moong (-0.65%), LPG (-0.12%), gur (-0.08%), and wheat flour (-0.01%).
Out of the 51 monitored items, prices of 20 items (39.22%) increased, six (11.76%) decreased, and 25 (49.02%) remained stable during the week.
According to the PBS data, inflationary pressure was uneven across income groups, as measured by the consumption quintiles. The lowest-income households (Q1) experienced a 5.46% YoY increase, while the highest-income group (Q5) recorded a relatively lower rise of 4.05%, reflecting that price hikes for food and basic utilities disproportionately affect the poorer segments of society.
On a weekly basis, all quintiles saw marginal upticks ranging between 0.21% and 0.27%, indicating that even minor fluctuations in essential commodity prices directly impact consumers across the board.
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E-cheques coming soon? RBI unveils Payments Vision 2028, plans wider oversight of digital players – The Times of India
The Reserve Bank of India (RBI) on Friday unveiled its ‘Payments Vision 2028’ document, outlining a roadmap that includes exploring electronic cheques, expanding regulatory oversight to digital platforms, and strengthening safeguards in the fast-growing payments ecosystem, PTI reported.The central bank said it will examine the introduction of e-cheques to combine the advantages of paper instruments with the speed and reliability of digital payments. “To leverage the unique benefits of paper-based instruments and the speed and reliability of electronic payments, and cater to new business use cases, the introduction of electronic cheques in India shall be explored,” the RBI said.Alongside, the RBI is considering widening the regulatory ambit to include entities such as e-commerce marketplaces and centralised platforms that play a growing role in facilitating digital transactions.“In addition, e-commerce marketplaces and centralized platforms have been assuming significant responsibilities that could have implications on the orderly functioning of the payments ecosystem. These aspects shall be examined in detail and, if required, the scope of direct regulations shall be extended to cover such entities,” the document said.The vision document also proposes allowing users to enable or disable transactions across digital payment modes, similar to controls available for card transactions.To address fraud risks, the RBI is exploring a “shared responsibility framework” under which both the issuing bank and the beneficiary bank would share liability in cases of unauthorised digital transactions.The central bank also plans to review cheque design and security features, introduce a Domestic Legal Entity Identifier (DLEI) framework for better transaction traceability, and bring in a Cyber Key Risk Indicators (KRI) framework for non-bank payment system operators.Other initiatives include exploring white-label solutions in the Aadhaar Enabled Payment System (AePS), developing interoperability in the Trade Receivables e-Discounting System (TReDS), and introducing a ‘Payments Switching Service’ to ease customer migration across platforms.The RBI said it will also review the cross-border payments ecosystem to improve efficiency and streamline authorisation processes, alongside publishing periodic reports on global and domestic payment trends.Additionally, the central bank aims to enhance access to payment data and reimagine the card payments ecosystem by promoting secure tokenisation, improved transparency in pricing, and greater choice for users and merchants.
Business
Hetero rolls out generic semaglutide exports to over 75 countries – The Times of India
Hyderabad: Pharma player Hetero on Friday said it has rolled out exports of its generic semaglutide injection portfolio as part of a multi-year plan to widen access to treatments for type 2 diabetes and obesity in more than 75 countries.The Hyderabad-based pharmaceutical company said initial rollouts are under way in Africa, Asia and the Middle East, with additional launches planned in other markets subject to regulatory approvals.The injectable therapies will be sold under the brand names Truglyx, Rolmodl and Moto G. Semaglutide belongs to the GLP-1 class of medicines, which are used in diabetes care and weight management.Hetero said the export launch is part of its broader strategy to improve access to advanced cardio-metabolic therapies, particularly in emerging markets.The company said the products will be offered in multi-dose disposable pen devices designed in line with innovator formats and will be available in several strengths, including 0.25 mg, 0.5 mg, 1 mg, 2 mg, 1.7 mg and 2.4 mg, allowing dosing flexibility for both diabetes and obesity treatment.Hetero said it is also awaiting approval from India’s Central Drugs Standard Control Organisation (CDSCO) after completing clinical trials in type 2 diabetes and obesity and plans an India launch after regulatory clearance.Hetero managing director Dr Vamsi Krishna Bandi said the company aims to provide high-quality, affordable generic semaglutide through a single global product platform backed by its manufacturing and development capabilities.He said Hetero would use its commercial networks across Asia, the Middle East, Africa and Latin America to support supply and access. The Hyderabad-headquartered Hetero operates in more than 145 countries and employs over 30,000 people.
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