ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), lowered by 0.81% in Pakistan, the country’s statistics bureau said this week, as prices of most essential items remained stable.

The SPI, which comprises 51 essential items collected from 50 markets in 17 cities, is computed on a weekly basis to assess the price movement of essential commodities at a shorter interval of time to review the price situation in the country.

While the SPI for the week ending on May 29 decreased 0.81% on a week-on-week basis, it recorded an increase of 0.41% when compared to the same week last year, according to the Pakistan Bureau of Statistics (PBS).

“During the week, out of 51 items, prices of 14 (27.45%) items increased, 10 (19.61%) items decreased and 27 (52.94%) items remained stable,” the PBS said.

A decrease was observed in the prices of electricity charges for Q1 (10.10%), chicken (8.51%), LPG (2.67%), sugar (0.25%), powdered milk (0.20%), vegetable ghee 2.5Kg (0.17%), wheat flour (0.09%), rice (0.07%), garlic (0.05%) and pulse moong (0.01%).

The items whose prices increased during the week included tomatoes (4.54%), potatoes (2.94%), eggs (2.19%), onions (2.17%), gur (0.77%), bananas (0.73%), mustard oil (0.34%), pulse mash (0.22%), pulse gram (0.17%), pulse masoor (0.14%) and basmati rice (0.12%).

Pakistan’s annual inflation rate fell to 0.3% in April, well below the Ministry of Finance estimate of 1.5% to 2%. The central bank forecasts average inflation to be in the range of 5.5% to 7.5% for the fiscal year ending June.

Also, the Pakistan Stock Exchange (PSX) recorded a 7.5% gain in May on a month-on-month basis, according to the Karachi-based Topline Securities.

“This gain can be attributed to cut in policy rate by 100bps by SBP,” it said in its monthly review, citing improvement in inflation outlook and approval of first review of Pakistan’s $7 billion International Monetary Fund (IMF) program as well as the approval of another $1.4 billion under the IMF’s Resilience and Sustainability Facility.

“Average daily traded volume and value during the month stood at 566 million shares and PKR28 billion.”

ISLAMABAD: For many in Pakistan, the US visa freeze has felt like a devastating setback after years of academic effort and ambition, affected applicants and an education consultant said on Friday.

The suspension, ordered by US Secretary of State Marco Rubio earlier this week, halts new student and exchange visa appointments worldwide and is part of a broader policy under President Donald Trump’s administration to intensify screening of foreign nationals, including expanded social media vetting.

US embassies have been instructed to pause interviews while new guidelines are being finalized, as officials in Washington say the goal is to identify potential security risks amid a rise in campus activism following Israel’s war in Gaza, which has sharply polarized student opinion.

Trump’s critics argue, however, the measures are discriminatory and risk undermining access to American higher education for bright students from developing countries — long considered a cornerstone of the US advantage in global research and innovation.

“I had always dreamed of pursuing higher education in the United States and after months of preparation, hard work and dedication, I finally got accepted into New York University,” Mohammad Ibrahim, a student from Lahore, told Arab News over the phone.

“But just as I was preparing for the next big chapter of my life, everything came crashing down,” he continued, adding that due to the sudden visa ban imposed by the Trump administration, his plans have been put on hold.

Ibrahim said despite getting admission after meeting all the university requirements, he was now stuck in an uncertain situation, with nothing to do but wait, hope and keep trying to move forward, even when everything had suddenly gone beyond his control.

“It’s disappointing,” he said. “An entire year of my life feels like being wasted.”

Inayah Murtaza, an exchange program candidate from the same city, said the new US policy had led to delays in visa interviews and a ban on the exchange student program, leaving her and many others devastated.

“American higher education system provides excellent opportunities. However, the recent policies by the Trump administration are extremely devastating,” she said, adding the ban had hurt her both emotionally and financially.

For Malik Zalaid Hassan, from Sheikhupura, who had secured admission to study artificial intelligence at the University of California, the visa suspension was a huge setback.

“I won’t get my money back… I just lost a ton of money,” he told Arab News, emphasizing he had already paid thousands of dollars in tuition and housing fees.

“I really hope America does something about this and I really hope it changes because this has an impact on a lot of people,” he continued.

Mohammad Ayyan Akhtar, a counselor at UniGrad, an education consultancy firm in Lahore, said the visa appointments ban had placed many students in a heart-wrenching situation.

“It includes their financial losses, and on top of everything, their academic loss is a big concern,” he said.

“The Trump administration should lift [the ban] as early as possible to save the loss of hundreds of Pakistani students [of their] academic year,” he added.