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Business Recorder
15 hours ago
- Business
- Business Recorder
PPI framework to be developed by end-June 2026: PBS
ISLAMABAD: The Producer Price index (PPI) framework will be developed by end of the current fiscal year (end-June 2026) and in-house work with the collaboration of the provinces has been initiated. This was revealed by sources in the Pakistan Bureau of Statistics (PBS) to Business Recorder. The IMF in its 11th September 2024 document titled Staff Report for the 2024 Article IV Consultation and request for an Extended Arrangement noted that it would provide a technical assistance to PBS given that 'important shortcomings remain in the source data available for sectors accounting for around a third of GDP, while there are issues with the granularity and reliability of the Government Finance Statistics. Q3FY25: Pakistan economy posts 2.4% growth The authorities are prioritizing addressing these weaknesses, supported by Fund TA on the GFS and a new PPI index and the PBS will soon begin fieldwork for four major surveys ahead of the upcoming NA rebasing to FY26.' According to a source in PBS, through PPI the entire price chain starting from farm gate/factory gate to retail outlets will become part of the country's statistical system. PPI will determine the cost of production at the factory gate/farm gate and the price paid by the end consumer. At present PBS monitors wholesale and retail price of products but through this index actual production cost at factory gate/farm gate will be noted. 'Through this index the production price received by farmers, prices at factory gate of locally produced goods and cost of imported goods at the port will be monitored,' the source said adding that through this Index it would be easy for the government to identify the role of middlemen and hoarders the source further stated adding that 'if there are discrepancies or unusual increase or decrease in the cost of production and the end consumer price the Government can easily detect the role of middleman by monitoring the trade and transport margin.' The PBS has already started work on change of base year of National Accounts from 2015-16 to 2025-26 – the selection of the base year made by the governing council of PBS that the national accounts be rebased after every 10 years. The PBS source further noted that the new base will be implemented by 2027-28. Theoretically a base year should be relatively calm and stable year. The PBS is the National Statistical Organization (NSO) and follows 2008 System of compiling National Accounts which are well documented and vetted by the World Bank, the source added. The PBS intends to will launch fieldwork for four major surveys (including the integrated agricultural census, labor force survey, and household integrated economic survey) in July 2024, from which preliminary results are expected to become available during FY25. Copyright Business Recorder, 2025


Irish Daily Mirror
a day ago
- Climate
- Irish Daily Mirror
New Ireland weather maps turn dark blue as expert makes dire prediction
A week is long time where Irish weather is concerned. This time last week, most of us were basking in near 30°C heat, warm sunshine and cool sea breezes. And as beautiful the weather is in Ireland sometimes, it's almost never consistent. While it's currently still warm and muggy, the long hours of sunshine have all but disappeared and if Met Eireann are to be believed, it looks like things will get progressively worse over the coming days. New weather maps published by on Friday showed larges swathes of blue above Ireland on Saturday. The blue sections on the map denote rainfall. According to the charts, the heaviest of the rain is expected in the south of the country. One Ireland based weather expert, Alan O'Reilly, from the ever reliable Carlow Weather, made a dire prediction on X (formerly Twitter) on Friday morning. Alan warned against the possibility of "heavy rain" across parts of Ireland over the weekend but there was good news for people living in the north. "A cloudy Friday but only the odd shower and a few bright spells will develop later," posted Alan. He continued: "Saturday will see heavy rain move into the South around lunchtime and over 20mm is possible Saturday in Southwest. Northern areas will escape most of it though." Alan's warning comes only hours after he flagged how different weather models made alternative rainfall predictions for the weekend. "Lot of uncertainty around rainfall forecast over next few days, the ECMWF model that Met Éireann app/site uses for beyond next 2 days shows a lot of rain but GFS model that some other apps and sites use shows a lot less. So if you are seeing a difference that is why," said Alan. Saturday night: Showery outbreaks of rain will continue to slowly extend northwards over much of the country, reaching northern areas towards morning as drier and clearer conditions develop in the south. Lowest temperatures of 10 to 15 degrees in moderate cyclonic variable winds Sunday: A mix of sunny spells with showers or showery outbreaks of rain, heavy at times with possible thunderstorms, especially in the north. It will be driest generally in southern areas. Highest temperatures of 17 to 22 degrees with moderate cyclonic variable winds easing light westerly through the day Sunday night: Largely dry in the south at first with clear spells. Showery outbreaks of rain in the north, heavy at times with the continued possibility of thunderstorms will gradually extend southwards. Lowest temperatures of 8 to 13 degrees in mostly light northwesterly breezes Monday: Rather cloudy with further showers or showery outbreaks of rain, heaviest and most persistent in the south with further thunderstorms possible. Later in the day, showers will ease for many with some sunny spells breaking through. However, it will remain mostly cloudy and wet in the north. Highest temperatures of 16 to 21 degrees, coolest for Atlantic areas with moderate, occasionally fresh westerly winds developing. Tuesday: Frequent showers or longer spells of rain will continue to affect the north and northwest through the day. Further south there will be sunny spells and well scattered showers. Highest temperatures of 15 to 19 degrees generally in mostly moderate westerly winds. Further outlook: Current indications suggest the following days will be mixed but with more in the way of dry intervals. Subscribe to our newsletter for the latest news from the Irish Mirror direct to your inbox: Sign up here.


Daily Mirror
6 days ago
- Climate
- Daily Mirror
Weather maps show exactly when this heatwave will end - but another is coming
The storms will bring a slight relief after the scorching weekend but it won't last for long as more hot weather is on the way for many Brits with temperatures soaring back over 30C Storms are baring down on the UK with the whole country to be drenched in the coming days in an abrupt end to an incredibly warm period for many. But it won't bring sweet relief for long after this current heatwave because another one is one the way. This heatwave is due to end next week - despite temperatures rising over 30C again today - as rain is set to fall and help cool some areas down. However, it could soon be replaced by a fourth heatwave as GFS weather model maps reveal more sweltering highs are on the cards this month. Conditions look set to start warming up again as we get towards the weekend, as the data suggests temperatures might hit highs of 32C in the south-east. London and southern-central regions could see 30C. Storms to batter the UK From the early hours of Tuesday a turbulent weather system is going to sweep across the UK from the Atlantic eastwards. It will bring storms and rainfall across the country before mostly clearing by Wednesday morning. When the next heatwave will arrive The mercury is set to rise again on July 20 as temperatures could reach 35C. The maps for this date show almost all of England shaded in dark red. Major cities such as Manchester could see temperatures rise to 31C, with 32C in Birmingham. London could see the mercury levels go up to 34C, while Norfolk looks set to be hit with the 35C highs. This potential heatwave is due to last three days with the final day on July 21. Weather maps show the temperatures dropping slightly on this day but still remaining rather hot. London looks set to see highs of 29C and Birmingham could get 28C heat. The heatwave is not expected to hit Scotland, Wales and Northern Ireland, where maps predict temperatures will likely hover over the high teens and low 20Cs. A heatwave is officially declared when an area hits the heatwave threshold for three consecutive days. The threshold varies from 25C to 28C across the UK. Amber heat-health alert for six regions This comes as an amber heat-health alert was issued for six regions from Friday until Monday. An amber warning means the weather could pose a risk to life for some people, according to the UK Health Security Agency. Met Office meteorologist Kathryn Chalk said: 'While we've seen the peak of the heat in this heatwave through today, it's still going to be very warm on Sunday before turning cooler for many of us on Monday. 'So we've got this ridge of high pressure extending across the UK, helping to keep things settled, but out towards the west an area of low pressure moving through Sunday night and into Monday. 'So if you're not a fan of the heat temperatures will be falling away but also bringing some heavy spells of rain, or welcome rainfall, for many of us.'


Daily Mirror
6 days ago
- Climate
- Daily Mirror
Brits face yet another heatwave as maps show exact date for 35C scorcher
Although temperatures remain high in the UK today, scorching weather maps reveal they could soon rise even higher as another heatwave appears to be on the cards Brits look set to be hit by another heatwave in just a few days' time as temperatures could rise to 35C. The UK is currently in the midst of its third heatwave of the year, with several parts of the country experiencing heat over 30C this week. This heatwave is due to end next week - despite temperatures rising over 30C again today - as rain is set to fall and help cool some areas down. However, it could soon be replaced by a fourth heatwave as GFS weather model maps reveal more sweltering highs are on the cards this month. The maps reveal which days could see temperatures rise again, turning deep red to indicate the arrival of more sunshine. Conditions look set to start warming up again on July 19, as the data suggests temperatures might hit highs of 32C in the south-east. London and southern-central regions could see 30C. The mercury is set to rise again on July 20 as temperatures could reach 35C. The maps for this date show almost all of England shaded in dark red. Major cities such as Manchester could see temperatures rise to 31C, with 32C in Birmingham. London could see the mercury levels go up to 34C, while Norfolk looks set to be hit with the 35C highs. This potential heatwave is due to last three days with the final day on July 21. Weather maps show the temperatures dropping slightly on this day but still remaining rather hot. London looks set to see highs of 29C and Birmingham could get 28C heat. The heatwave is not expected to hit Scotland, Wales and Northern Ireland, where maps predict temperatures will likely hover over the high teens and low 20Cs. A heatwave is officially declared when an area hits the heatwave threshold for three consecutive days. The threshold varies from 25C to 28C across the UK. This comes as an amber heat-health alert was issued for six regions from Friday until Monday. An amber warning means the weather could pose a risk to life for some people, according to the UK Health Security Agency. Met Office meteorologist Kathryn Chalk said yesterday: 'While we've seen the peak of the heat in this heatwave through today it's still going to be very warm on Sunday before turning cooler for many of us on Monday. 'So we've got this ridge of high pressure extending across the UK, helping to keep things settled, but out towards the west an area of low pressure moving through Sunday night and into Monday. 'So if you're not a fan of the heat temperatures will be falling away but also bringing some heavy spells of rain, or welcome rainfall, for many of us.'


North Wales Live
11-07-2025
- Climate
- North Wales Live
Met Office warning for Wales with freak heat up to 27C persisting through night
This weekend's 'uncomfortably' hot weather may be followed by more heatwaves this month, weather models suggest. The dry spell is worrying water companies, with Dŵr Cymru pleading with people in Wales to use water sparingly. The Met Office is warning of scorching weather in Wales on Saturday, July 12. Temperatures are predicted to peak at 32C in Wrexham and Denbighshire, and 33C in Monmouthshire, though it will be balmy everywhere. Even more dramatic are night time temperature forecasts. By midnight on Saturday, some north eastern areas of Wales could still be sweltering in the high 20Cs - potentially up to 27C, according to the GFS model. Cheshire could see highs of 29C during the night. The Met Office said: 'The heat will persist into Saturday night, particularly in western and north-western parts of the UK. Overnight temperatures are expected to remain above 20°C in some areas, making for an uncomfortably warm night and potentially disrupting sleep.' Outlier forecasts were modelling another hot spell next weekend (July 19-20), with dramatic temperature peaks higher even than the coming days. However these have since been scaled back, especially in Wales – though it could remain very warm in southern and eastern England, with the heat perhaps spreading as far as east Wales. Instead, all eyes are now on late July, with Scandinavian blocking in place and the possible return of an Azores high. Netweather meteorologist Ian Simpson said there is potential for 'exceptional heat' around the last weekend in July – though probably only briefly and mainly centred on eastern England. With France predicted to be 'especially hot' that week, he said it will 'leave Britain quite prone to the occasional burst of notable heat.... should we pick up a southerly flow pulling in this hot air'. Join the North Wales Live Whatsapp community now Some more excitable online forecasters have raised the spectre of 1976, drawing comparisons with an iconic summer that was the hottest in over 350 years and the driest in 200 years. Yet the heat has been different this year. Although June 2025 was the warmest ever recorded in England, and the third warmest in Wales, summer 1976 was characterised the longevity of its hot spell, with multiple locations recording heatwave conditions lasting more than two weeks. Moreover, the heat subsided only gradually. Although Britain is now in its third official heatwave, this is not expected to last more than four days, with cooler conditions expected from Monday (or Tuesday further east). Warmer weather is predicted to build from mid week, peaking next weekend before tailing off again. A similar pattern is currently forecast for the following week, with another burst of heat in parts of the UK, followed again by a dip. In its long-range forecast, the Met Office said: 'Around the turn of the month, there is a signal for perhaps more widely unsettled weather to develop, though the details of this remain uncertain.' The conditions are adding to pressures at Dŵr Cymru, which is expecting up to a 20% increase in demand for water across its network between Friday and Sunday. It suspects more showering, drinking, filling up pools and using sprinklers. Following the driest Spring on record, and with falling reservoir levels, the company announced 'Developing Drought' status for Mid and South Ceredigion along with parts of Carmarthenshire and Pembrokeshire. Although there are no other areas of concern now, the company is urging people to not be complacent with the supplies available. To keep up with demand, Dŵr Cymru tankers are moving around the network to replenish underground drinking water tanks. Engineers are working flay out to fix leaks (700 per week). Ian Christie, managing director of Water Services, urged everyone to moderate their water use – especially those with garden sprinklers. 'While we will do all that we can, we're asking customers to help their communities by playing their part to avoid wasting water, saving it wherever possible,' he said. 'Garden sprinklers, for example, are one of the biggest consumers of water in the garden as they use on average 1,000 litres of water every hour. This is the equivalent of what a typical family would use inside the house in two days.' The company is also warning people not to swim in unauthorised reservoirs during the warm weather.