The price of a cup of tea in several cafeterias, kiosks and restaurants in Karachi has increased, as tea sellers claim that they have to do so due to the high cost of sugar and gas and electricity.

The previous PDM-led government and the current interim government have raised the petroleum products prices by over Rs50 in the last 45 days in line with the agreement signed with the International Monetary Fund (IMF).

More than 1600 textile industries were forced to shut down operations in Pakistan during the last 16 months of the Pakistan Democratic Movement-led coalition government.

Domestic consumers in Pakistan are paying Rs57.80 for per unit ectricity, a Geo News report revealed on Monday.

The Pakistani rupee continued to lose ground against the international currencies on Tuesday, hitting a new low in the open market as the financial markets remained jittery amid an ongoing economic crisis.

The International Monetary Fund (IMF) has rejected the government's proposal for tariff adjustment or provision of additional subsidy to inflation-hit people of Pakistan, Geo News reported on Tuesday.