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History of crude price:

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History of PKR devaluation
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لاہور اور کراچی کے عوام نے وزیراعظم کا ریلیف پیکیج مسترد کر دیا،عوام کیوں

جس پارٹی نے ۲۰ ارب ڈالر کا خسارہ کر کے سبسڈی دی اسے عوام نے سر پر چڑھا لیا
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لاہور اور کراچی کے عوام نے وزیراعظم کا ریلیف پیکیج مسترد کر دیا،عوام کیوں

وزیر اعظم کا نہیں ۔۔یہ پیکج سعودی کا ہے
لبنان والے بی نخرے کر رہے تھے پھر سعودی والوں نے انگلی
دیکھا دی

آج وہ کیلا کھا رہے ہیں
 
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Widespread condemnation over petrol price hike
"The PM should have some mercy on the people and take back his decision to hike prices of petroleum products," says MQM-P

By Web Desk
November 05, 2021



File photo
File photo
The coalition partners of the PTI Friday joined the Opposition parties in slamming the government after a massive hike was notified in the price of petroleum products.
The finance ministry announced an increase in the price of petrol by Rs8.03 per litre today, a day after Prime Minister Imran Khan warned the nation that a hike in fuel prices was imminent.

Reacting to the development, the MQM's Rabta Committee condemned the hike, stressing that it will have a direct effect on the prices of essential items.
"The public has already been crushed under the weight of inflation," stated the party's Rabta Committee. "Shifting the entire burden of globally increasing prices of food items on the public is not a wise decision."
The party advised the government to do away with "unnecessary expenditures" instead of shifting the burden of inflation on the masses.
"The prime minister should have some mercy on the people and take back his decision to hike prices of petroleum products," it added.
Another ally of the ruling party, the PML-Q, also condemned the petrol price hike, saying that the prime minister's relief package was not adequate for the masses.
"The country is undergoing extreme inflation, the poor are being crushed and no one seems to care about it," said the PML-Q's Kamil Ali Agha during Geo News morning show Geo Pakistan.
He said the PTI government does not believe in consultations.
Opposition slams PM Imran Khan
In a statement, PML-N President Shahbaz Sharif said that since the incumbent government came to power, it had brought the entire nation to "the ration card".
"Imran Khan lets the axe of inflation fall on the public and then wonders why inflation is surging in the country," he tweeted. "Over the past three years, the price of edible oil has increased by over 130%," he added.
The PML-N president said that the price of edible oil going up from Rs160 to Rs369 is unjustified, he said, adding that a "storm of inflation" had followed the prime minister's announcement of a relief package for the masses.
"The hike in prices of petroleum products is proof that the government does not care about the poor," he wrote.
He said that while the price of petrol had not surged past the Rs145 per litre mark, the government had exceeded the limits of ineptitude, corruption and incompetence.
"Increasing the prices of petrol and diesel by Rs8 per litre will also have a direct effect on prices of other items. It has become difficult for the common man to live," he wrote.
He said it was in the best interests of the entire nation and the masses that the prime minister "goes home instead of wreaking further havoc", adding that inflation, unemployment and "economic destruction" do not go away merely via allegations of corruption.
PPP warns of protest
Opposition party PPP also reacted to the hike in petroleum prices, demanding the government to slash prices immediately or else be prepared for "Dama Dam Mast Qalandar."
"The masses should be ready. The PPP will soon announce its anti-government protest programme," said Shazia Marri.
She said the prime minister had harmed the public instead of providing them relief. "Imran Khan has taken anti-public measures in his bid to fulfil the IMF's agenda," she said.
Govt clarifies
Meanwhile, the spokesperson of the Ministry of Finance, Muzzammil Aslam, tweeted about the hike in petroleum prices, clarifying that the government was only collecting 1.43% under the sales tax head with the new prices in place.
He said that if the government collected the full 17% in sales tax, the price of petrol per litre would surge past Rs160 per litre.
"If an additional Rs30 petroleum levy was charged then the price of petrol would surge to Rs180 per litre. The government did not collect Rs35 per litre [to provide relief to the masses]," he said.


New SRO detailing sales tax on POL products.
Govt doesn't own or produce oil. How can it decrease price?
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History of PKR devaluation View attachment 790349View attachment 790350

جس پارٹی نے ۲۰ ارب ڈالر کا خسارہ کر کے سبسڈی دی اسے عوام نے سر پر چڑھا لیا View attachment 790351
Lebanon were screaming same to arabs this bail out money isnt enough

They stopped eveything and today lebanon currency is used as toilet paper or to burn for wood
First package was in 2018 to avoid default (or IMF 250rs value) arabs gave 15b $ for this nakamee awaam

Now in 2021 in COVID ERA commodity inflation to keep oil prices low(zero taxes when oil is largest source of direct taxes in ANY COUNTRY INCLUDING INDIA/BENGLADESH) per IMF demand...
pakistan went to arabs again and they gave a second bail out

Imran khan has no shame..he shamlessly begs for pakistanis

Also IK shameless subsidized(rationalized since we signed expensive IPP deals) exporters which are showing double digits growth now
 
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Lebanon were screaming same to arabs this bail out money isnt enough

They stopped eveything and today lebanon currency is used as toilet paper or to burn for wood
First package was in 2018 to avoid default (or IMF 250rs value) arabs gave 15b $ for this nakamee awaam

Now in 2021 in COVID ERA commodity inflation to keep oil prices low(zero taxes when oil is largest source of direct taxes in ANY COUNTRY INCLUDING INDIA/BENGLADESH) per IMF demand...
pakistan went to arabs again and they gave a second bail out

Imran khan has no shame..he shamlessly begs for pakistanis

Also IK shameless subsidized(rationalized since we signed expensive IPP deals) exporters which are showing double digits growth now
People in Pakistan want to pay no taxes and demand Norway like welfare system. Well said. Nikamee Awam
 
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People in Pakistan want to pay no taxes and demand Norway like welfare system. Well said. Nikamee Awam
They want compare they life style with western countries whose forefathers worked to be there

They dont want to be compared with bengaldesh india and vietname who actually are now way ahead of them as well

Bengaldesh doesnt spnd huge amount on social protection nor does afghanistan pakistan does

But middle class or internet warroirs want low import product costs even of tax is almost zero

My advise..accept isreal, give up gilgat baldistan and problem solved ..you can save 5-8b$ in defense and may be some aid from america will come for accepting isreal
Or atleast pay taxes on parity to bengaldesh

Also i am in pakistan last two weeks
Saw people mostly doing PUBG or BIGO live

Atleast most of people i know

I thought insanely cheap prices of interent wil bring an export/digital revolution..but seems it has only brought an import revloution
:hitwall: :rofl:
Also people in pakistan own more iphones then i good imagine

Rarey waley key pass be iphone hey😅
PS
cant afford an
iphone on my salary but somehow rarey waley have them..wanted to ask them how but thought not my business
 
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چلو دو سال زیادہ کرلو مگر سیٹ تو مشرف کو سپورٹ کرنے کے بدلے ہی ملی ، مشرف تو کہہ رہا تھا کہ یہ مجھ سے سو سیٹیں مانگ رہا تھا میں نے کہا اوقات میں رہو
afsos nawaz sharif ko kisi nay auqaat main rehnay ka nahi kaha. nawaz sharif ki khud say bhi koi auqaat nahi thi k usko cabinet ka hissa banaya jata. uss ki asal auqaat dekhni hai to "Aik siyasat kayi kahanian" main rauf kalasra ka yusuf raza gillani k saath interview dekh len.
People in Pakistan want to pay no taxes and demand Norway like welfare system. Well said. Nikamee Awam
people in pakistan pay taxes, the govt and its machinery is not interested. the only way govts try to increase collection is through indirect taxes. dont forget that this is the same govt that removed the requirement of being filer to purchase any property or vehicle. agricultural income is not taxed, and fbr is yet to implement a real time sales tracking system, or use its intelligence wing to nab defaulters.
Rarey waley key pass be iphone he
really? what rarey wala do you go to? please stop posting crap and exaggerating.
Global oil prices at their peak. Incompetent govt: Patwari
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دنیا میں تیل مہنگا ہوگا تو پاکستان میں بھی مہنگا ہوگا۔ پاکستان دنیا میں ہی ہے مریخ پر نہیں۔ یہ بات اپنے لندن میں مفرور میاں صاحب کو بھی بتا دینا جس نے پراپگنڈہ کرنے کو کہا ہے
oil is 79-80 right now, lower than 85 earlier, even rupee has improved (~170 from 175).
 
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People in Pakistan want to pay no taxes and demand Norway like welfare system. Well said. Nikamee Awam
also, they demand those facilities when the military, bureaucracy, judiciary and politicians are showered in benefits. if its a porr country lacking money then why tf do all of these have imported cars, with fuel paid by the govt? why tf do even a small advisor/minister and mna have a police escort? why do they get to live in mansions, with maintenance paid for by the govt? why tf are cost of goods purchased by govt not audited? why does the entire govt apparatus buys things at twice the actual cost? first rationalize expenditures of govt then talk about nikammi awam not paying taxes (this goes for all govts btw).
 
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afsos nawaz sharif ko kisi nay auqaat main rehnay ka nahi kaha. nawaz sharif ki khud say bhi koi auqaat nahi thi k usko cabinet ka hissa banaya jata. uss ki asal auqaat dekhni hai to "Aik siyasat kayi kahanian" main rauf kalasra ka yusuf raza gillani k saath interview dekh len.

people in pakistan pay taxes, the govt and its machinery is not interested. the only way govts try to increase collection is through indirect taxes. dont forget that this is the same govt that removed the requirement of being filer to purchase any property or vehicle. agricultural income is not taxed, and fbr is yet to implement a real time sales tracking system, or use its intelligence wing to nab defaulters.

really? what rarey wala do you go to? please stop posting crap and exaggerating.

oil is 79-80 right now, lower than 85 earlier, even rupee has improved (~170 from 175).
1-Myth
People pakistan pay taxes
Reality
We have lowest tax to gdp ratio in the region(not western world compared to region!!)
We also have lowest indirect taxation including indirect taxation on oil/energy

2- myth
Govt doesnt want to implement taxation
Reality
Traders sucessfully ran a campign with support of most of the public and political parties to derail this attempt

3- myth
Country wants to get independent and move towards export oriented balanced growth
Reality
There is no public support to do so. Govt incentives to promote exports are highly unpopular. Hence every govt has focused on imports.
Simialrly building dams or long term high return projcts are also UNPOPULARA

4-myth
Pakistanis dont have iphones.
Reality
We import 2b worth of iphones

5-myth
Agriculture isnt taxed hence pakistan is destroyed.
Reality
Agriculture isnt taxed in most of the countries to keep food prices down
Retail, energy and services are taxed
 
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People in Pakistan want to pay no taxes and demand Norway like welfare system. Well said. Nikamee Awam
Norway style welfare wouldn’t be possible anyway, even if taxes were higher. Norway can afford to support a middle class, so social welfare in the Nordics means free healthcare, decent housing, per capita income support and govt expenditure in the tens of thousands of USD.

Even if Pakistan copied the fiscal model exactly, we could at best only manage social welfare for the very poorest. Benazir income support type of stuff. Having a western level of welfare is not possible before we attain western levels of national income.
 
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1-Myth
People pakistan pay taxes
Reality
We have lowest tax to gdp ratio in the region(not western world compared to region!!)
We also have lowest indirect taxation including indirect taxation on oil/energy

2- myth
Govt doesnt want to implement taxation
Reality
Traders sucessfully ran a campign with support of most of the public and political parties to derail this attempt

3- myth
Country wants to get independent and move towards export oriented balanced growth
Reality
There is no public support to do so. Govt incentives to promote exports are highly unpopular. Hence every govt has focused on imports.
Simialrly building dams or long term high return projcts are also UNPOPULARA

4-myth
Pakistanis dont have iphones.
Reality
We import 2b worth of iphones

5-myth
Agriculture isnt taxed hence pakistan is destroyed.
Reality
Agriculture isnt taxed in most of the countries to keep food prices down
Retail, energy and services are taxed
💯💯💯
 
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People in Pakistan want to pay no taxes and demand Norway like welfare system. Well said. Nikamee Awam
Part of the problem is also elevated due to the so called 'mafia' manufactures evading tax. For example: There are currently 0 silk machines producing silk nor do we import silk into Pakistan. Then why is it we see much silk being sold? where did it come from?
 
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No more Niazi only punjabi has guts to fix Pakistan.
You call this Punjabi fixing Pakistan?
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Part of the problem is also elevated due to the so called 'mafia' manufactures evading tax. For example: There are currently 0 silk machines producing silk nor do we import silk into Pakistan. Then why is it we see much silk being sold? where did it come from?
Smuggling of course
 
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