'Difficult decisions' taken to save Pakistan from destruction, says Musadik

[Norwegian]

State Minister for Petroleum Musadik Malik on Friday said raising the fuel prices by Rs30 was a “difficult decision”, but taken to “save the country from bankruptcy and destruction” a day after the government instituted the measure to revive a stalled IMF bailout programme.

“We made a difficult decision to save the country from destruction and bankruptcy and to bring stability,” Malik said at a press conference alongside PML-N senior vice president Shahid Khaqan Abbasi.

The presser came after the prices of petroleum and diesel hit record highs after the government raised the prices for a second time in a week — cumulatively by Rs60, leading to sporadic protests in various cities.

POL prices: 'Difficult decisions' taken to save Pakistan from destruction, says Musadik

State minister for petroleum says there will be some pain, but promises stability in a few months.

www.dawn.com

When ex PM Imran Khan took similar difficult decisions to save the country from bankruptcy in 2018, these very same Nooney Tunes and their Patwari media branded him "incompetent". Now suddenly it's all competent and Halal price increase...

@Wood @maithil @ziaulislam @Patriot forever @FOOLS_NIGHTMARE @muhammadhafeezmalik @RescueRanger @koolio @Verve @farok84 @Jango @PakSword @HRK @ghazi52 @Ghazwa-e-Hind

 

[RescueRanger]

"Dil per phatar rakh kar"... These people make me sick! When will the people rise up! What more proof do the people of Pakistan want? It's now or never, drive them out!

 

[Wood]

The oil price during Imran's tenure was different from what they are today. PKR has also depreciated more (like OP always wants it to). Pakistan's macro economic indicators could also have been different than what they are now. So, it is unfair to compare both price increases and justify the former with reference to the later. Just saying

PS: Only responded to this internal affair of Pakistan because OP has mentioned me in thread

 

[Norwegian]

The oil price during Imran's tenure was different from what they are today. PKR has also depreciated more (like OP always wants it to). Pakistan's macro economic indicators could also have been different than what they are now. So, it is unfair to compare both price increases and justify the former with reference to the later. Just saying

Pakistan's economy always go into crisis as soon international oil price hits new record. An organic free market economy is largely able to absorb such price shocks but not Pakistan. Because here everything is politically managed and nothing is left for market forces to find their own price.
Moving Pakistan into market based exchange rate mechanism was the right decision as country has no surplus dollars to waste on its currency price manipulation. This is the luxury Pakistan can't afford just like subsidy ex PM Imran Khan gave on petroleum.

 

[ghazi52]

.,.,.

 

[Azadkashmir]

start minting coins as backup. buy farm grow food. times will get very hard.

 

[SIPRA]

Thus Spoke Another RASCAL.

 

[TheSnakeEatingMarkhur]

The oil price during Imran's tenure was different from what they are today. PKR has also depreciated more (like OP always wants it to). Pakistan's macro economic indicators could also have been different than what they are now. So, it is unfair to compare both price increases and justify the former with reference to the later. Just saying

PS: Only responded to this internal affair of Pakistan because OP has mentioned me in thread

Oil prices 2 months ago were higher than what they are today.

 

[AZADPAKISTAN2009]

Where the Chuck Bamu fella he was very excited about PDM

After ...2 month

>May 25th beat-up of citizens from Punjab Police and Rana Sana
>60 rupee petrol prices
>Cooking oil prices rise
>Economy tanking
>Federal reserves vanishing
>Snub in Saudia
>Snub in Turkey
>China calling back engineers

 

[lastofthepatriots]

Oil prices 2 months ago were higher than what they are today.

Where the Chuck Bamu fella he was very excited about PML

>May 25th beat-up of citizens
>60 rupee petrol prices
>Cooking oil prices rise

Vacationing in Mauritius after all the hard work he put in.

 

[SD 10]

All of this is on military only...they are one to blame 100%

 

[Menace2Society]

He means difficult decisions taken to save the Sharifs and Zardaris from destruction. If they cared about Pakistan they wouldn't have left it a broke 3rd world country after 30 years.

 

[Verve]

Where the Chuck Bamu fella he was very excited about PDM

After ...2 month

>May 25th beat-up of citizens from Punjab Police and Rana Sana
>60 rupee petrol prices
>Cooking oil prices rise
>Economy tanking
>Federal reserves vanishing
>Snub in Saudia
>Snub in Turkey
>China calling back engineers

He may have sold off his clothes and IT equipment to support the government.

 

[Wood]

Oil prices 2 months ago were higher than what they are today.

Do you know the component breakdown for fuel price in Pakistan? Critics of fuel price should at least be aware of price breakdown and the reason for any cess/surcharges in the pricing.

Pakistan's economy always go into crisis as soon international oil price hits new record. An organic free market economy is largely able to absorb such price shocks but not Pakistan. Because here everything is politically managed and nothing is left for market forces to find their own price.
Moving Pakistan into market based exchange rate mechanism was the right decision as country has no surplus dollars to waste on its currency price manipulation. This is the luxury Pakistan can't afford just like subsidy ex PM Imran Khan gave on petroleum. View attachment 850738

In general, I'm a believer in market determinism. But we should also be aware that in low income countries, affordability of fuel will be a big problem for majority of the working population. It could mean the difference between being able to take a job or not for a number of people. So a lack of subsidy can actually result in significantly lower per capita output of your population and therefore keep you forever as a low income society.

The right approach is to balance subsidy with market rates. But no one can know enough to say what is the right amount of subsidy. Ruling a country and managing its economy is very difficult when you are not blessed with sufficient natural resources

 

[ghazi52]

.,.,

جب دوکاندار آپ کی حرکتوں اور ماضی سے واقف ہو اور آپ کو دوکان سے باہر نکال دے​