What's new

Govt seeks to fix food prices through ordinance

Previously food was available? You took 6 billion in loans for that food to be affordable ( interest uske sath sath) and you say it was affordable... it was just a sugar coated toffee that you lot took without realising that 6 billion dollars were taken in loans to keep dollar exchange rate low and inflation flattened..
Wow that 6 billion kept the dollar in check bought food and kept the country running quite nicely. Youthia regime has taken many 6 billion loans and still zero result
 
.
Khusro Bakhtiar (Federal Minister for Economic Affiars) and his brother who is minister for finance in Punjab are co-owner largest sugar producing group, Haroon Akhtar and Humayun Akhtar are third largest sugar producer Tareen at second, they all are part of this government.
yeah and there are lots of others. how come these ppl will lower down the price? even aitzaz hassan has some business running. alone IK cant do anything until we all leave ppp,pmln and pti and bring presidential system to control all with full power. I guess musharaf was successful as far as inflation concern but that time media made him villan and this public accept nawaz sharif as his hero even he took. NRO.

AEFD49CB-9B9A-492A-8CBF-A2906FCB3D2B-1.jpeg
 
.
Wow that 6 billion kept the dollar in check bought food and kept the country running quite nicely. Youthia regime has taken many 6 billion loans and still zero result
and i suppose $3 billion orange train will feed all? lol that $3 billion was also a loan so ppl has to payback. shair aya lol
 
.
Shehbaz sharif was 1000 times better in governance, there would have been corruption as this poision has roots in our society however all the systems were running

whenever this PM he takes notice , things gets worse.
now no governance
taxes increased on people who were already paying tax
no clean streets


PTI knows , this is last time they will get govt, so dil bhar kar khao



People like you should be packed up and sent to London to stay and work with your Thug overlords.

Only a corrupt person will think its fine to be corrupted. Try to lift yourself above that before commenting on the governance.
 
.
Wow that 6 billion kept the dollar in check bought food and kept the country running quite nicely. Youthia regime has taken many 6 billion loans and still zero result
That 6 billion dollar was one of many reasons for high inflation today.. I love how patwaris defend blunders of Naju and Dara...

That 6 billion dollar was loan money so I dont know why you defend keeping dollar artificially low and now you cry when dollar jumped up..

And country was running nicely (even tho it wasn't) on loans did you expect qarzo pe hamesha k liye chall paye ga yeh mulk ? I am amazed how patwaris like you forget the basic blunders of naju looter... country running on import based economy backed by loans was nice but export based economy backed by taxes is wrong 😑 typically patwari mentality isn't it ?


Baaki as for loans yes PTI took loans which is wrong but they had no other options.. take loans to return old loans and not let country be bankrupt..

PMLN 52 billion to 94
PTI 94 billion to 118 as of today

PMLN put 42 billion on us
PTI is projected to put 36
 
.
@TheSnakeEatingMarkhur

Markhor bhai,

PMLN put 42 billion on us PTI is projected to put 36

So IK's govt will add almost as much debt as PMLN's (allegedly) corrupt govt did. But PMLN did build a lot of infra didnt it? And also by going by this thread they kept inflation low for the common man.

Regards
 
.
@TheSnakeEatingMarkhur

Markhor bhai,

PMLN put 42 billion on us PTI is projected to put 36

So IK's govt will add almost as much debt as PMLN's (allegedly) corrupt govt did. But PMLN did build a lot of infra didnt it? And also by going by this thread they kept inflation low for the common man.

Regards

42 -36 = $6 Billlion saving

ager ap ko lagta hai $6 billion is nothing tou bhai ap dei do na lol.
 
.
@AZ1

Az ab,

ager ap ko lagta hai $6 billion is nothing tou bhai ap dei do na lol.

Here only Brof sb @RiazHaq has that kind of money! I am a mere wage slave!:(

Regards
 
.
After ordinance, a price control guy will try to implement it, and then next day, he will get shot.
That's the thing I always have pointed out. Qom k liay uthnay waly hamesha k liay Sula diay jaty Hain.... Or yateem bachon ka koi pursan nai hota.
Politicians and bureaucracy deliberately try to weaken system, so that state is incapable of questioning and execution.
 
. . .
In reality what is actually happening in Sindh.

Farmers sell wheat to traders as Sindh delays establishing procurement centres
Business
Jan Khaskheli
March 16, 2021

HYDERABAD: Sindh growers have expressed concerns over provincial government’s delaying tactics when it comes to opening wheat procurement centres, as harvesting and threshing have already started in many areas.

Information gathered from different districts reveals that farmers in parts of Badin, Mirpurkhas, Umerkot, Tando Muhammad Khan, Thatta, Hyderabad and Matiari started harvesting and threshing from February 15.
The government has set wheat procurement target for 2021 at 1.4 million tons, and announced support price as Rs2,000/maund. However, the Sindh government has yet not established procurement centres in any districts of the province for the farmers to sell their product at proper rates.
Gunny bags have not been provided either. Gunny bags enable farmers to sell their produce safely and transparently from their farm to the procurement centres.
Muhammad Rahim Lakho, a farmer from Jhirak, Thatta district said he has already sold more than 800 maund to traders at Rs2,000-2,150/ maund. In the starting, the rate was Rs2,150/ maund, which was going down gradually.
He said that the rates would likely fall further down the road as traders buy a bulk of the product from farmers. Once that happens, he believed that farmers would face hardships in receiving the government’s fixed rate of Rs2,000/maund, as there were no official procurement centres, he added.
Sindh Growers Alliance (SGA) President Nawab Zubair Talpur, while talking to The News, raised concerns due to the government’s apathetic approach, and said they feared that the authority might provide bags to traders instead of growers.
“We have been observing this for the last four years that the government remains cruelly negligent, and allows traders to purchase wheat at low rates, depriving farmers of their right,” he added.
If the government persists in this behaviour, there might be a wheat shortage, further adding to the woes of the public who were already buying wheat at Rs70/75/kg because of previous negligence.
Last year, the government allowed traders to buy wheat at Rs1,100-1,200/maund against the support price of Rs1,400/maund (40kg). After allowing traders to purchase wheat at low rates, the government’s food department officials had started conducting illegal raids at private warehouses.
From those warehouses, the officials had taken away seeds that the farmers had stocked for next year’s sowing as well as for personal consumption. Some growers allege that the officials took these actions to hide their own inefficiency, especially to cover up for their failure in establishing wheat procurement centres.
The farmers demanded the government to provide gunny bags following Form-7 to farmers to avoid violation. They said last year, the authorities provided bags to traders, who purchased wheat at low rates, exploiting farmers and depriving them of their right.
Growers hold such tactics responsible for wheat shortage in the province, and warned that if the same situation persisted this year, public would be forced to buy wheat flour at much higher rates. They said it could go up to Rs100/kg or higher on flour.

 
.
Granting too much subsidies will increase Public debt which the govt is targeting to be at ~70% by 2024

https://www.imf.org/~/media/Files/Publications/CR/2019/1PAKEA2019002.ashx

These factors largely explain the accumulation of circular debt over FY 2019. The amount of new circular debt was PRs 465 billion, with around 1/3 of this amount coming from the inefficiencies in the DISCOs described above. Another significant source of circular debt, over 40 percent of the accumulation, comes from policy decisions related to the provision of unbudgeted subsidies, government provided subsidies that remain unpaid as there is no allocation in the budget, and delays in tariff notifications, whereby the government does not proceed with timely notification of tariffs. Addressing these two last sources of arrears has been a key priority of the Fund-supported program. The remaining accumulation of arrears stems from the financial costs generated by the existing stock of circular debt, including significant late payment fees payable to producers (see below).

As a result, total debt is projected to decline to just below 70 percent of GDP by end FY 2024, compared with 67.1 percent of GDP at the time of program approval. Gross financing needs edged up to 19.4 percent from 16¾ percent at the program approval, reflecting the higher deficit and gross financing needs in FY 2019 but continue to be on a clear downward path.
 
.
That 6 billion dollar was one of many reasons for high inflation today.. I love how patwaris defend blunders of Naju and Dara...

That 6 billion dollar was loan money so I dont know why you defend keeping dollar artificially low and now you cry when dollar jumped up..

And country was running nicely (even tho it wasn't) on loans did you expect qarzo pe hamesha k liye chall paye ga yeh mulk ? I am amazed how patwaris like you forget the basic blunders of naju looter... country running on import based economy backed by loans was nice but export based economy backed by taxes is wrong 😑 typically patwari mentality isn't it ?


Baaki as for loans yes PTI took loans which is wrong but they had no other options.. take loans to return old loans and not let country be bankrupt..

PMLN 52 billion to 94
PTI 94 billion to 118 as of today

PMLN put 42 billion on us
PTI is projected to put 36

thenews.com.pk:

ISLAMABAD: The Federal Minister for Finance, Asad Umar, told the Senate on Friday that Pakistan obtained $70 billion loan during the last five years while $49 billion loans were paid back.


So the, then, Finance Minister Asad Umar states that PMLN took loans worth $70 Billion but also repaid $49 Billion during their 5 year term which means a net addition of $21 Billion in 5 years; the max I got was around $30 - $35 Billion.......where did you produce the figure of 42 Billion from?

Please, I have 3 simple questions:

1. Explain what determines the free flowing currency conversion rate?
2. What is meant by artificially maintaining a conversion rate?
3. How was USD @ 100 bad for Pakistan and USD @ 160 Good for Pakistan?
 
.
I will say this again. What PMLN did to Pakistan is what is happening in Venezuela. Give shitload of subsidies and make people heavy. Take heavy loans to keep rupee stable and inflation low and build metro buses and trains. The result is PMLN was all looked up as good government who ran economy amazingly but in reality it was all a drama to gain votes. The result was Pakistan never had the money to pay back loans and subsidies. The current government has stopped all of this and the result is they are getting hated for doing the right thing. Since most Pakistanis are uneducated so they only believe that PMLN was much better than PTI. Subsidies loans for rupee and other useless mega projects and ducked Pakistan in long term
I will say this again. What PMLN did to Pakistan is what is happening in Venezuela. Give shitload of subsidies and make people heavy. Take heavy loans to keep rupee stable and inflation low and build metro buses and trains. The result is PMLN was all looked up as good government who ran economy amazingly but in reality it was all a drama to gain votes. The result was Pakistan never had the money to pay back loans and subsidies. The current government has stopped all of this and the result is they are getting hated for doing the right thing. Since most Pakistanis are uneducated so they only believe that PMLN was much better than PTI. Subsidies loans for rupee and other useless mega projects and ducked Pakistan in long term
People believe nawaz sharif added Power plants in the country and ended load shedding. That's what they told people and media tells people. But in these power projects were built from Chinese loans. Furthermore these plants are under Control of chinese for 25 years. And under agreement Government will give money to these plants regardless of them producing energy or not selling or not. The result is PMLN as looked to as one that built too many power plants. But in reality those plants were built by Chinese and will remain under chinese Control for 3 decades. Shukriya miaan saanp.
 
.
Back
Top Bottom