Imran keeps silent on shooting prices in KPK, as PTI picks Lahore for protest against inflation

[Edevelop]

ISLAMABAD: Pakistan Tehrik-e-Insaf chose Lahore for its protest meeting against inflation on December 22, but its chairman does not utter a single word when it comes to price hike in Peshawar and Khyber Pakhtunkhwa.
In a press conference on Saturday, Imran Khan held Pakistan Muslim League Nawaz (PML-N) responsible for increasing inflation in the country, but he did not take responsibility for surging prices in Khyber Pakhtunkhwa.

According to independent observers and analysts, the question is simple whether PTI government has reduced prices in Khyber Pakhtunkhwa.

The price situation in KPK is not all that rosy as prices of 23 essential items including flour, sugar, pulses, meat, milk, rice, bread (roti), cooking oil and tea have shot up in the last six months.

In Khyber Pakhtunkhwa, price of 20 kg flour bag has risen by Rs. 180, tea per kg by Rs. 170 while prices of pulses Rs. 25 per kg, milk Rs.20 per liter and roti by Rs. 4.

These items are in daily use of people and increase in their prices miserably affects their lives.

One can hope that PTI invites other parties to hold a similar protest in Peshawar against rising prices.

It is logical that if prices have increased in Punjab then these have also risen in other provinces.

Pakistan Muslim League (N) again came to power in Punjab for another five years while riding on the wave of popularity garnered from the support it has among voters because of its welfare projects.

The PML-N government in Punjab has a long list of achievements to its credit. Schemes like Ashiana Housing Scheme, Danish schools, Metro Bus System for Lahore, and distribution of laptop computers among students benefitted millions of people in Punjab, who decided to once again vote PML-N into power.

With billions of rupees, Danish schools were established in Chishtian, Bahawalnagar, Hasilpur, Bahawalpur and Rahim Yar Khan while more are being established in Jand, Mianwali, Dera Ghazi Khan and Fazilpur in Rajanpur to provide best education to thousands of students.

The Punjab Government initiated various administrative reforms to improve law and order in the province. But PTI has no similar project to its credit.

According to a PILDAT survey in September, Punjab Government got the best rating out of the four provincial governments. Its performance index was at 73 points, while the Khyber Pakhtunkhwa government stood at 26 points.

According to the survey, Punjab scored the highest at 32 points on the issue of street cleaning while KPK lagged far behind at 5 points.

While the survey found that according to 59 percent Pakistanis, Punjab Chief Minister is the most popular while Pervez Khattak trails behind at nine percent.

Despite making tall claims, the PTI government in Khyber Pakhtunkhwa has failed to deliver on its promises made to the people during the election campaign.

PTI could not control incidents of bomb attacks and law and order problem is a big question mark on its performance.

PTI is threatening to launch a campaign against price hike, but there is a complete silence from PTI when it comes to price hike, law and order situation and lack of infrastructure in the KPK province.

Imran keeps silent on shooting prices in KPK, as PTI picks Lahore for protest against inflation

 

[Leader]

strange logic to begun with, definitely lacks basic information !

whoever wrote it is as jahil as any nooroa supporter or mqmer terrorist. but atleast we can see both of these noora and mqmer support each other

 

[Luftwaffe]

patwari league hiding and showing their incompetence while blaming other political parties, nothing new as usual patwari league's business forgetting that they are printing 6 billion rupees a day and are unable to control inflation.

Hence the Article debunked it is not PTI but pml-n printing money spreading inflation in the entire Pakistan.

 

[Tayyab1796]

Alot of our inflation is imported (we r a net importer) i-e the more our currency depreciates (when we print more and more money e.g to pay off circular debt) against others the more rupees u need to pay for that litre of petrol (which is imported).

 

[AUz]

LOL...inflation in market is always a federal phenomenon, whether its due to monetary policies or fiscal policies.

 

[Luftwaffe]

Alot of our inflation is imported (we r a net importer) i-e the more our currency depreciates (when we print more and more money e.g to pay off circular debt) against others the more rupees u need to pay for that litre of petrol (which is imported).

Thanks, and the idiots patwari league thinks it is PTI's fault for the price hike in KPK, PTI is trying to keep the prices steady as much as possible but majority won't be at the price even if PTI wants because of bad economic policies and poor performance/governance of federal patwari league...

Another funny thing to share, dollar ishaq dar says dollar is around 100 it is already 106-107, he thinks every Pakistani is that much idiot.

 

[airmarshal]

A provincial govt cant stop inflation. You are making an extremely lame argument. If your currency is devaluing, how can you stop prices from rising?

 

[SBD-3]

Alot of our inflation is imported (we r a net importer) i-e the more our currency depreciates (when we print more and more money e.g to pay off circular debt) against others the more rupees u need to pay for that litre of petrol (which is imported).

The biggest contributor to CPI basket are
Item Weight 13-Nov 13-Oct 12-Nov MOM YOY
House Rent 21.8149 150.59 150.59 139.61 + 0 + 7.86
Milk Fresh 6.68 231.57 230.76 217.36 + 0.35 + 6.54
Electricity 4.3985 227.44 227.44 196.37 + 0 + 15.82
Wheat Flour 4.1648 227.82 221.49 180.13 + 2.86 + 26.48
Education 3.9431 167.91 167.91 154.78 + 0 + 8.48
Communication Apparatus 3.1536 127.9 127.87 122.71 + 0.02 + 4.23
Motor Fuel 3.0269 194.85 195.25 172.69 - 0.2 + 12.83
Transport Services 2.7034 207.87 207.87 195.09 + 0 + 6.55
Meat 2.4303 228.77 228.63 218.77 + 0.06 + 4.57
Except from motor fuel and transport services most of the rest are domestic in nature.

 

[arushbhai]

Lol imran khan. Imran khan is a big lol. Kutay bhonktay hain to bhonktay rahain

 

[Crypto]

What does inflation/rising prices has to do with KPK? It is regulated and controlled by the Federal governing bodies who look after country's monetary policy.

Biggest factor contributing to higher dollar price and inflation is the rate at which the Gov is printing currency to meet it's daily budget. This in turns means higher cost of commodities/production and the domino effect takes over.
Another big factor is IMF loans which our current gov is very fond of, Kashkol tor key Daigh rakh li mangnay keliye

Lahore makes perfect sense for protest as it is the stronghold of current gov i.e. PMLN

Lol imran khan. Imran khan is a big lol. Kutay bhonktay hain to bhonktay rahain

We all know who barks and who takes action

 

[SBD-3]

What does inflation/rising prices has to do with KPK? It is regulated and controlled by the Federal governing bodies who look after country's monetary policy.

Price control is a provincial subject.

Biggest factor contributing to higher dollar price and inflation is the rate at which the Gov is printing currency to meet it's daily budget. This in turns means higher cost of commodities/production and the domino effect takes over.

I have given above the composition of CPI basket have a look and then let us know that which of those components (except fuel and transportation) are dollar dependent?

Another big factor is IMF loans which our current gov is very fond of, Kashkol tor key Daigh rakh li mangnay keliye

IMF loan creates inflation? IMF provides balance of payment support i.e. Loans provided by IMF can only be used to meet current account balance.

Lol imran khan. Imran khan is a big lol. Kutay bhonktay hain to bhonktay rahain

Let the abusing confined to PTI fans, its their speciality.

 

[Crypto]

@hasnain0099 are you implying inflation in KPK or any individual state can be controlled by their respective governments? May be up-to some extent but very little.
The price of core items such as Petrol, Power and currency are not under control of provisional governments and these items has a direct trickle down effect nation wide.

Please check page 5 of recently published report by Pakistan bureau of statistics on CPI increase and yes that includes items which are not dollar dependent, pasted the link to report for your convenience.


"In Pakistan, a nation already beleaguered by poverty, power cuts and security issues, inflation is on the rise, thanks to austerity measures implemented by the government to satisfy the stringent conditions attached to a bailout worth 6.6 billion US dollars from the International Monetary Fund (IMF).

The IMF approved the three-year loan package to stabilize Pakistan's economy as part of its Extended Fund Facility financial assistance program in September 2013. In return, it required that the Pakistani government impose strict austerity measures such as implementing budget cuts, slashing subsidies, increasing tax revenue, privatizing state enterprises that operate at a loss, and reforming the energy sector with price hikes.

The government has slashed subsidies by 35 percent in an effort to comply, thereby increasing inflation and sending prices soaring in local markets.

Pakistan, like much of the developing world has been on a steady diet of IMF loans since the 80s. Some of the current loans are to repay old loans – “circular debt”. IMF's loan to Pakistan in 2008 was for $11.3 billion. Pakistan still owes IMF nearly $5bn from those loans for which interest is accruing. The biggest chunk in Pakistan's yearly budget is repaying IMF plans. So every year, health and education gets 2-3 % and repaying loans gets 25% of the annual budget.

Though Pakistan's Federal Minister for Finance and Revenue Ishaq Dar pointed out that his government, the five-month-old Pakistan Muslim League-(Nawaz) had “inherited a battered economy” and that ending subsidies was essential for the nation's self-reliance, inflation hit 9.1 percent in October 2013, the sharpest increase of last 16 months.

Food prices as well as prices of other basic necessities have skyrocketed. Because people's incomes are not increasing at the same rate as inflation, this has meant a stressful situation for many, especially those who survive on daily wages. According to an article in IRIN Asia, inflation in Pakistan has had a severe impact on food security in the country.

Prices of perishable food items rose 18.6 percent, while the clothing and footwear group increased 14.6 percent. Against the backdrop of the government cutting down on subsidies and raising the power tariff, all of this has put intense financial pressure on the ordinary citizens of Pakistan."



Inflation in Brief

1. CPI inflation, General, increased by 9.1% on year-on-year basis in October 2013 as compared to 7.4% in the previous month and 7.7% in October 2012. On month-on-month basis, it increased by 2.0% in October 2013 as compared to a decrease of 0.3% in the previous month and an increase of 0.4% in October 2012.

2. Core inflation measured by non-food non-energy CPI (Core NFNE) increased by 8.4% in October 2013 as compared to 8.7% in September 2013 (YoY) and by 10.1% in October 2012. Core NFNE inflation on MoM basis increased by 0.9% in October 2013 as compared to 0.6% a month earlier and 1.2% in October 2012.

3. Core inflation, measured by 20% weighted trimmed mean CPI (Core Trimmed) increased by 9.0% in October 2013 and by 7.6% in September 2013 (YoY) which increased by 9.7% in October 2012. Core Trimmed inflation has increased by 0.8% on MoM basis in October 2013 as compared to 0.6% in September 2013 which increased by 0.7% in October 2012.

4. SPI inflation on YoY basis increased by 10.5% in October 2013 as compared with 8.6% a month earlier and 6.7% in October 2012. On MoM basis, it increased by 1.2% in October 2013 as compared to a decrease of 0.2% a month earlier and 0.4% in October 2012.

5. WPI inflation on YoY basis increased to 9.8% in October 2013 compared with 8.7% a month earlier and 7.5% in October 2012. WPI inflation on MoM basis increased by 1.1% in October 2013 as compared to an increase of 0.7% a month earlier and 0.1% in October 2012.

Here is a report from PBR
http://www.pbs.gov.pk/sites/default...ndices/2013/Monthly_Review_October_2013_0.pdf

 

[Crypto]

Let the abusing confined to PTI fans, its their speciality.

It doesn't seem PTI fans are abusing here so definitely not our specialty.

 

[SBD-3]

@hasnain0099 are you implying inflation in KPK or any individual state can be controlled by their respective governments? May be up-to some extent but very little.
The price of core items such as Petrol, Power and currency are not under control of provisional governments and these items has a direct trickle down effect nation wide.

But what about house rents and real estate, flour, education, milk, meat, transportation,fruits,vegetables, chicken and bakery etc? You're talking about something which accounts for 8% of consumer basket......

 

[Crypto]

But what about house rents and real estate, flour, education, milk, meat, transportation,fruits,vegetables, chicken and bakery etc? You're talking about something which accounts for 8% of consumer basket......

Food and perishables are directly effected by higher production/transportation costs which are result of increased electricity tariff, fuel and inflation increase due to currency printing (this is the biggest killer).
Inflation is a very complicated phenomena and bloody thing affect almost everything.

Do check the stats in PBS report it shows the CPI increase to food items as well that you mentioned.