Govt seeks to fix food prices through ordinance

[RoadRunner401]

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

You mean beg and borrow was a good way of governance?

whenever this PM he takes notice , things gets worse.
now no governance

Why don't you ask this question to PML_N hired bureaucrats. They are told A and instead they do B.

taxes increased on people who were already paying tax

So you want the government to borrow heavily and subsidize everything for you except you want someone else to pay back the loans.

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

Keep dreaming

 

[Abdulrehman 2978]

The PTI government is increasing the tax network not tax amount. In most sector it lowered the tax.

 

[AZ1]

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.

That's exactly the case. Thing is nawaz do worst and then other fix for him and then he again came back with NRO and looted the country destroying it again and jahil pmln supporters can't even see beyond 1 plate of briyani.

3 times prime minister nawaz sharif and 2 times NRO lol(2nd time trying to get NRO although deal was made by court to send him london).

 

[blueazure]

Futile move. The only solution is an agricultural SEO which is fully integrated from farm to fork.

The land, equipment and produce all belong to the state, hire a private company to employ workers and manage productivity. Pay them based on hitting targets.

Use this company to provide oversupply of food and break the backs of the hoarders and price fixers.

It won't happen of course. The hoarders and fixers sit in Parliament and the senate - across all parties.


Maybe he could helicopter in nihari to the starving?

what you suggest is communism and would lead to famines on an epic scale

 

[313ghazi]

what you suggest is communism and would lead to famines on an epic scale

How would that lead to famine?

 

[syedtalhamaududi]

Amazing how two and half years of mismanagement has brought us to this state but we have to pretend that it's all good and all problems where from before, when things were clearly better
Pakistan has always been food sufficient, now we should import poor quality wheat.

 

[blueazure]

How would that lead to famine?

what else do you expect??? the pakistani govt, which cannot even run a national airline, a steel mill , a govt which cannot run SNGPL in profit , you expect it to make SOE and control food supply ????

Holodomor - Wikipedia

en.wikipedia.org

 

[TheSnakeEatingMarkhur]

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?

Bahi I got there stats from SBP online sources when Nawaz came external loan was 52 when he went it was 94 so 42 there... and when Khan came it was 95ish and now its somewhat 118 billion...

And you maintain dollar exchange rate low by pushing currency into market as far as I know.. here it was loan money.. 6 billion dollars..

As for US being bad at 100 due to artificially exchange rate... its simple if you loan money to keep dollar low one day will come when you will have no money to loan and dollar with rocket upwards like it did when PTI decided not to keep exchange rate low.. if we had used that loaned 6 billion into better stuff and let the dollar be according to market it would have gone max 130 in my opinion.. not 160...

@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

IK has to get the debt to payback old debt (94 billion) and the interest on it as well.. and PMLN did infrastructure from loan money while in current scenario stuff is being done by Murad Saeeds Ministery with taxation and toll money..

And PMKN did keep inflation low but with a short term fix.. they took loan of 6 billion dollars on our heads to keep inflation low..

 

[Norwegian]

ordinances dont fix food inflation

True. Only trade deficit of 40 billion dollars and current account deficit of 18 billion dollars fix it.

Shehbaz sharif was 1000 times better in governance

Khota Biryani spotted.

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

Just like PPP got govt last time in 1970 and PMLN got govt last time in 1990?

Food my friend was available and affordable. Have pity on those who are suffering this folly.

No it wasn't. It was all artificial.

 

[Norwegian]

So ik has no answer and previously food was affordable

It was artificially made cheap, Patwari.

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..

Appetite for food imports grows

PAKISTAN’S food imports have been growing fast with an increase in economic growth rate and a consequent rise in...

www.dawn.com

Wow that 6 billion kept the dollar in check bought food and kept the country running quite nicely.

No, it didn't. Pakistan went in to financial crisis and close to bankruptcy because of so much import.

But PMLN did build a lot of infra didnt it?

Sure it did by borrowing from your future generations.

 

[Norwegian]

And also by going by this thread they kept inflation low for the common man.

No they didn't. Food inflation was low during those years because of rampant imports.

where did you produce the figure of 42 Billion from?

Government got record $40b loans

ISLAMABAD - The Pakistan Muslim League-Nawaz (PML-N) government has broken all previous records of taking foreign loans, as it borrowed $40 billion from

nation.com.pk

1. Explain what determines the free flowing currency conversion rate?

Import / Export / Current account balance

 

[HAIDER]

So sad that food inflation is causing people to kill there children and commit suicide. Dev Anand 2's vanity is murdering the awam. Shame on Bajwa shame on faiz hameed shame on PTI supporters

Pakistan has massive population issue. Less resources and more population. It is increasing at abnormal rate.
Below is chart where population growth from 1985 and now ... its horrific

 

[Norwegian]

2. What is meant by artificially maintaining a conversion rate?

This:

3. How was USD @ 100 bad for Pakistan and USD @ 160 Good for Pakistan?

USD at PKR 100 was artificial while USD at PKR 160 is market based thus natural and better.

 

[HAIDER]

Population of Pakistan (2020 and historical)

Year	Population	Yearly % Change	Yearly Change	Migrants (net)	Median Age	Fertility Rate	Density (P/Km²)	Urban Pop %	Urban Population	Country's Share of World Pop	World Population	Pakistan Global Rank
2020	220,892,340	2.00 %	4,327,022	-233,379	22.8	3.55	287	35.1 %	77,437,729	2.83 %	7,794,798,739	5
2019	216,565,318	2.04 %	4,337,032	-233,379	22.0	3.73	281	34.9 %	75,510,639	2.81 %	7,713,468,100	5
2018	212,228,286	2.08 %	4,322,077	-233,379	22.0	3.73	275	34.7 %	73,630,430	2.78 %	7,631,091,040	5
2017	207,906,209	2.10 %	4,274,856	-233,379	22.0	3.73	270	34.5 %	71,795,700	2.75 %	7,547,858,925	5
2016	203,631,353	2.11 %	4,204,389	-233,379	22.0	3.73	264	34.4 %	70,005,271	2.73 %	7,464,022,049	6
2015	199,426,964	2.14 %	4,000,465	-215,833	21.8	3.78	259	34.2 %	68,226,783	2.70 %	7,379,797,139	6
2010	179,424,641	2.28 %	3,824,127	-67,961	20.7	4.17	233	33.3 %	59,691,513	2.58 %	6,956,823,603	6
2005	160,304,008	2.41 %	3,592,086	-130,036	19.6	4.71	208	32.6 %	52,301,807	2.45 %	6,541,907,027	6
2000	142,343,578	2.83 %	3,713,348	94,182	18.8	5.37	185	32.1 %	45,687,389	2.32 %	6,143,493,823	7
1995	123,776,839	2.83 %	3,225,784	-204,677	18.4	5.96	161	31.6 %	39,104,110	2.15 %	5,744,212,979	8
1990	107,647,921	3.15 %	3,091,282	27,958	18.5	6.30	140	30.6 %	32,923,693	2.02 %	5,327,231,061	8
1985	92,191,510	3.39 %	2,827,433	277,424	18.6	6.44	120	29.4 %	27,060,895	1.89 %	4,870,921,740	8
1980	78,054,343	3.16 %	2,247,493	134,441	18.5	6.60	101	28.1 %	21,910,455	1.75 %	4,458,003,514	10
1975	66,816,877	2.82 %	1,734,963	-27,621	18.6	6.60	87	26.3 %	17,592,808	1.64 %	4,079,480,606	10
1970	58,142,060	2.69 %	1,444,817	-41,996	19.3	6.60	75	24.8 %	14,416,426	1.57 %	3,700,437,046	10
1965	50,917,975	2.51 %	1,185,857	-18,654	19.9	6.60	66	23.5 %	11,954,323	1.52 %	3,339,583,597	14
1960	44,988,690	2.13 %	900,132	-3,340	20.1	6.60	58	22.1 %	9,926,658	1.48 %	3,034,949,748	14
1955	40,488,030	1.52 %	589,131	-1,651	20.1	6.60	53	19.7 %	7,968,418	1.46 %	2,773,019,936	14

Source: Worldometer (www.Worldometers.info)
Elaboration of data by United Nations, Department of Economic and Social Affairs, Population Division. World Population Prospects: The 2019 Revision. (Medium-fertility variant).

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Pakistan Population Forecast
-165,376

Year	Population	Yearly % Change	Yearly Change	Migrants (net)	Median Age	Fertility Rate	Density (P/Km²)	Urban Pop %	Urban Population	Country's Share of World Pop	World Population	Pakistan Global Rank
2020	220,892,340	2.07 %	4,293,075	-233,379	22.8	3.55	287	35.1 %	77,437,729	2.83 %	7,794,798,739	5
2025	242,234,056	1.86 %	4,268,343	-202,293	23.8	3.55	314	36.2 %	87,777,053	2.96 %	8,184,437,460	5
2030	262,958,794	1.66 %	4,144,948	-176,062	24.9	3.55	341	37.8 %	99,359,685	3.08 %	8,548,487,400	5
2035	282,863,442	1.47 %	3,980,930	-166,292	26.1	3.55	367	39.8 %	112,484,070	3.18 %	8,887,524,213	6
2040	302,129,193	1.33 %	3,853,150	-166,294	27.4	3.55	392	42.2 %	127,361,588	3.28 %	9,198,847,240	6
2045	320,723,644	1.20 %	3,718,890	-165,910	28.7	3.55	416	44.8 %	143,649,422	3.38 %	9,481,803,274	6
2050	338,013,196	1.06 %	3,457,910		30.0	3.55	438	47.4 %	160,228,128	3.47 %	9,735,033,990	5

Source: Worldometer (www.Worldometers.info)
Elaboration of data by United Nations, Department of Economic and Social Affairs, Population Division. World Population Prospects: The 2019 Revision. (Medium-fertility variant).

Pakistan Demographics
Main Page: Demographics of Pakistan

LIFE EXPECTANCY
67.79 years
(life expectancy at birth, both sexes)
View by sex and historical chart
INFANT MORTALITY
55.8
(infant deaths per 1,000 live births)
View historical chart
DEATHS UNDER AGE 5
68.2
(per 1,000 live births)
View historical chart

 

[Norwegian]

when things were clearly better

When things were better:

And you maintain dollar exchange rate low by pushing currency into market as far as I know.. here it was loan money.. 6 billion dollars..

Govt spent $7 billion to keep rupee overvalued against the U.S dollar

ISLAMABAD: A member of the Economic Advisory Council (EAC) has said the government spent $7 billion in last few years to keep the rupee overvalued against the US dollar.The member of EAC has sough

profit.pakistantoday.com.pk

IK has to get the debt to payback old debt (94 billion) and the interest on it as well.. and PMLN did infrastructure from loan money while in current scenario stuff is being done by Murad Saeeds Ministery with taxation and toll money..