Review of Developments in the Pakistan Economy

Abstract

During the period, July-September 1961, the Lyallpur market experienced a further decline of Rs. 0.75 per maund in wheat prices. The end-September quotations stood at Rs. 13.75—16.00 per maund as against Rs. 14.50—16.00 three months ago and Rs. 15.50—17.00 a year ago. On the other hand, rice prices continued to increase at the Dacca market, which necessitated large releases of Government stocks at a fixed rate of Rs. 22.75 per maund. Nevertheless, the net increase in prices amounted to Rs. 2.40 per maund over the quarter under review. At the close of September, mediumquality rice ruled at Rs. 32.40 per maund and compared with Rs. 30.00 per maund three months ago and Rs. 32.50 a year ago. Further details are given in the table below: