Ogra notifies up to 143pc increase in gas prices

[Major Sam]

What does slowly mean?? After 1 year each new tax should be imposed lol..

Kiddo, from last 5 years gas prices didn't increase due to which there's a 300 billion debt on Sui which needs to be removed otherwise Sui will not be able to give any more gas. There was 2 solutions, first to increase prices or second to take 300 bn debt. Govt took the easy and better step. Poor will suffer only 20-40 Rs every month and for industries gas price has reduced from 1300 to 600-650 each unit. I don't understand where is the problem in this?? The rich or upper middle class people will have to pay more but kiddos like you are not understanding it.

Job creation needs money and there's no money in our treasury. In order to collect money proper taxation is being done which is causing problems to you guys. Why don't you suggest any other move in order to increase revenue?

People earning upto 1 lakh every month are exempted from tax what else do you need? Previously they were paying 5000 every month and now they don't need to pay anything.



Previous govt played it politically. They put 300 bn debt on Sui and ran away. Now this govt burdened rich / upper class and relieved industries so that they become operational and our economy reaches 7% growth threshold. 7% growth threshold will be achieved when exports + FDI + Agriculture + Services + Industrial sector will grow.

The sui losses were around 150BN and out of that 50Bn is theft. Did they even bother to catch theft. In Power side 400Bn losses are done by theft and defaulters. Their names and lists are available on DESCOs website didn even govt. bothered to catch them how long it takes to arrest a defaulter?

 

[BetterPakistan]

The sui losses were around 150BN and out of that 50Bn is theft. Did they even bother to catch theft. In Power side 400Bn losses are done by theft and defaulters. Their names and lists are available on DESCOs website didn even govt. bothered to catch them how long it takes to arrest a defaulter?

That 50 bn theft will be managed but it can't be manage within a month. It requires time and after the elimination of that theft Sui would be in loss if govt wouldn't increase prices. I just don't understand what is the problem with paying 30-40 Rs more every month when we had voted for thieves in last 4 decades. Can't you see that govt reduce 1/3 of taxes on LNG which was quite expensive?

Can arresting defaulters solve circular debt?? We need money back from them.

"Sui Northern Gas Pipeline Limited (SNGPL) is purchasing natural gas from gas producers at an average rate of Rs 629 per million British Thermal Unit (MMBTU) and selling at Rs399 per unit, with a net loss of about Rs230 per unit which is making business operations difficult and weakening company’s financial health, said Managing Director SNGPL Amjad Latif while briefing the Senate Special Committee on Circular Debt here."

Care to search something first.

after pti govt took over prices of every thing has increased this is due to govt announcement of increase in taxes and on import of essential products which cannot be produced in Pakistan and also IT sector depends upon imports and when rupee goes down profitability of this sector decreases as equipment cost is increased and same is the case with medical and other sectors.Govt is spending imf money on building 50 lakh houses but is begging for dam construction.It would be much better they build dam first .In u.s if we take ratio of gas prices to salary it will be more good than Pakistan and it is correct indicator.We should compare us with developing countries like india, bangladesh and china for fuel prices where wages can be equitable than ours and not with developed countries like u.s and europe.For developing countries like us high taxes are not good and hinder growth such taxes are only good for developed countries whose population are in a position to bear burden of taxes.When nawaz was pm at that time stock market is most profitable but uncertainty started after his disqualification and continues due to pti policies.It is now ik responsibility to remove it as he is p.m now

So first you said that govt increased taxes and now you're saying that prices increased due to weakening of rupee?
Correct your stance first LOL

When PTI took over dollar hit 130 against Rupee and google it now its 131.72 so its the result of previous govts not PTI.

When PML N left petrol was priced at 98 now its 93. Diesel was prices at 117 now its 106.
10% taxes were increased on luxury items import so that those imports can be discouraged to reduce current account deficit being $18 billion last year. It is done in every country and every country charges more tax on luxury items.

Mr Idiot,
50 lakh houses will be built from private investment not IMF. Do you know anything about economics? Moron, Imran Khan clearly said that its a public-private partnership project and IMF is not our uncles bank that it will allow PTI to make 50 lakh homes. Kiddos like you shouldn't comment on economic issues. Those 50 lakh homes will benefit those earning up to 25,000 per month and they will be able to own their house which is impossible in such low earning and constructing those 5 million homes can bring economic revolution. This is the biggest ever welfare project in the history of the world.

I am stunned how you can do such "BONGEE"

Both dams construction will start next year. Land acquiring being done.

Ohh finally you came to that stupid previous PM. Stock market crashed because that moron is a corrupt man and he ruined our economy. If you would have known anything about economics you wouldn't had talked such stupidity.

Tell me,

Why exports didn't increased in 5 year Nawaz tenure and reduce from 25 to 22 billion?
Why imports went from 35 to 55 billion while exports decreased?
Why current account deficit went high from 3 billion to 18 billion?
Why FDI didn't remain even 1% of our GDP?
Why National savings remain historically low?
Why Investment-to-GDP ratio didn't increase more than mere 1%?

 

[Yaseen1]

it is waste of time to reply you.It would be much better govt use the money to build houses to construct dams.Private sector is not going to build these houses for free and govt priority is wrong as we need dams for which ik is begging and has money to build these houses which will likely to go in corruption .I am not here to defend pmln what they did was bad but ik is also following the same.Dam construction is not easy and it is clear we have not enough money for that.In past 2 months national saving is lowest and I have not talked about exports but only stock market.Govt has imposed greater custom duties which increased inflation and dollar is selling at 140 in open market and world bank report says atleast for 2yrs Pakis

That 50 bn theft will be managed but it can't be manage within a month. It requires time and after the elimination of that theft Sui would be in loss if govt wouldn't increase prices. I just don't understand what is the problem with paying 30-40 Rs more every month when we had voted for thieves in last 4 decades. Can't you see that govt reduce 1/3 of taxes on LNG which was quite expensive?

Can arresting defaulters solve circular debt?? We need money back from them.

"Sui Northern Gas Pipeline Limited (SNGPL) is purchasing natural gas from gas producers at an average rate of Rs 629 per million British Thermal Unit (MMBTU) and selling at Rs399 per unit, with a net loss of about Rs230 per unit which is making business operations difficult and weakening company’s financial health, said Managing Director SNGPL Amjad Latif while briefing the Senate Special Committee on Circular Debt here."

Care to search something first.





So first you said that govt increased taxes and now you're saying that prices increased due to weakening of rupee?
Correct your stance first LOL

When PTI took over dollar hit 130 against Rupee and google it now its 131.72 so its the result of previous govts not PTI.

When PML N left petrol was priced at 98 now its 93. Diesel was prices at 117 now its 106.
10% taxes were increased on luxury items import so that those imports can be discouraged to reduce current account deficit being $18 billion last year. It is done in every country and every country charges more tax on luxury items.

Mr Idiot,
50 lakh houses will be built from private investment not IMF. Do you know anything about economics? Moron, Imran Khan clearly said that its a public-private partnership project and IMF is not our uncles bank that it will allow PTI to make 50 lakh homes. Kiddos like you shouldn't comment on economic issues. Those 50 lakh homes will benefit those earning up to 25,000 per month and they will be able to own their house which is impossible in such low earning and constructing those 5 million homes can bring economic revolution. This is the biggest ever welfare project in the history of the world.

I am stunned how you can do such "BONGEE"

Both dams construction will start next year. Land acquiring being done.

Ohh finally you came to that stupid previous PM. Stock market crashed because that moron is a corrupt man and he ruined our economy. If you would have known anything about economics you wouldn't had talked such stupidity.

Tell me,

Why exports didn't increased in 5 year Nawaz tenure and reduce from 25 to 22 billion?
Why imports went from 35 to 55 billion while exports decreased?
Why current account deficit went high from 3 billion to 18 billion?
Why FDI didn't remain even 1% of our GDP?
Why National savings remain historically low?
Why Investment-to-GDP ratio didn't increase more than mere 1%?

tan economy will be in trouble

 

[BetterPakistan]

it is waste of time to reply you.It would be much better govt use the money to build houses to construct dams.Private sector is not going to build these houses for free and govt priority is wrong as we need dams for which ik is begging and has money to build these houses which will likely to go in corruption .I am not here to defend pmln what they did was bad but ik is also following the same.Dam construction is not easy and it is clear we have not enough money for that.In past 2 months national saving is lowest and I have not talked about exports but only stock market.Govt has imposed greater custom duties which increased inflation and dollar is selling at 140 in open market and world bank report says atleast for 2yrs Pakis

tan economy will be in trouble

Basically you know nothing about economics. I don't understand why morons like you don't understand building dams & constructing houses both are priority.

Private sector invests everywhere in the world and those whom will get houses will pay back in monthly lease which is knows as mortgage if you ever heard about it and it is implemented everywhere in the world. Imran Khan is begging??? As far as I know Imran Khan is the only sadiq & ameen present as of now. Imran Khan is not following the same but as I said illiterate economists like you won't understand. Oh really?? National savings are low from last 2 months? How much low? Why you don't talk about exports which is backbone of any country? I challenge you to google dollar in open market it's between 131-32 not even near to 140 moron. Govt has imposed duties on luxury items to tax rich more and it is good & implemented everywhere in the world. World Bank report changes in every quarter nothing new.

 

[Yaseen1]

you are phd in economic and i know nothing now you are happy custom duty is increased on all imports except very few items.Exports increase is good and i support this but this is due to trade war with china u.s is importing more textile products and other items from us and other nation alternative to china and also this increase is due to rupee depreciation.Mortgage is damaging to poors in long run as it has interest unlike buying house on lumsum amount.Our economy is not in a condition to support dam construction and housing at a same time .

Basically you know nothing about economics. I don't understand why morons like you don't understand building dams & constructing houses both are priority.

Private sector invests everywhere in the world and those whom will get houses will pay back in monthly lease which is knows as mortgage if you ever heard about it and it is implemented everywhere in the world. Imran Khan is begging??? As far as I know Imran Khan is the only sadiq & ameen present as of now. Imran Khan is not following the same but as I said illiterate economists like you won't understand. Oh really?? National savings are low from last 2 months? How much low? Why you don't talk about exports which is backbone of any country? I challenge you to google dollar in open market it's between 131-32 not even near to 140 moron. Govt has imposed duties on luxury items to tax rich more and it is good & implemented everywhere in the world. World Bank report changes in every quarter nothing new.

 

[BetterPakistan]

you are phd in economic and i know nothing now you are happy custom duty is increased on all imports except very few items.Exports increase is good and i support this but this is due to trade war with china u.s is importing more textile products and other items from us and other nation alternative to china and also this increase is due to rupee depreciation.Mortgage is damaging to poors in long run as it has interest unlike buying house on lumsum amount.Our economy is not in a condition to support dam construction and housing at a same time .

Duty is increased only on luxury items not every item. This is what you don't know a 10% increase in duty for luxury items will discourage imports and will reduce our current account deficit.

Again shit, We don't only export to US but other countries as well.

How many people can buy home on lumsum?? If anyone can than he should but 90% people can't that is why 0.3 million forms were downloaded on first day and NADRA website crashed down.

Why our economy can't support both projects simultaneously?? If we can afford that shit Orange Train + Metro project simultaneously than we can construct dam & houses simultaneously. Private investment will be used and this is how our GDP growth will boom.

 

[Yaseen1]

dear economist if pmln has done damage by building orange and metro pti should not follow their steps by building 50 lakh house which have high risk of corruption instead they should invite this private sector to spend on health and education.Science and technology will not be improved by building houses that is why arabs are behind west as they only focused on building houses and not on human development.Govt has increased custom duty to 23 percent without mentioning luxary items and it is general increase.It is better people not get these houses which will increase debt on them and many of the applicants will not be able to pay the instalments and eventually become homeless at the end.Govt policies will result poor public in debt trap in the name of this house building.Our major textile exporter is u.s and only textile industry production has increased

Duty is increased only on luxury items not every item. This is what you don't know a 10% increase in duty for luxury items will discourage imports and will reduce our current account deficit.

Again shit, We don't only export to US but other countries as well.

How many people can buy home on lumsum?? If anyone can than he should but 90% people can't that is why 0.3 million forms were downloaded on first day and NADRA website crashed down.

Why our economy can't support both projects simultaneously?? If we can afford that shit Orange Train + Metro project simultaneously than we can construct dam & houses simultaneously. Private investment will be used and this is how our GDP growth will boom.

 

[AZADPAKISTAN2009]

Pakistan, the conventional Tax system is not working which is why a Permit Based economy is needed charge for basic permits

• Small Physical Shop permit / Monthly
• Qurbani Permit per animal
• Toll Tax on all connecting points in City / Monthly Pass @ 100 rupee per vehicle
• Cell Phone recharge Tax

----------------------------------------------------------------------------------------------------------

If habbits don't change as last resort , put a 100 rupee duty on Tea One way to skin a non coperative tax evador

 

[BetterPakistan]

dear economist if pmln has done damage by building orange and metro pti should not follow their steps by building 50 lakh house which have high risk of corruption instead they should invite this private sector to spend on health and education.Science and technology will not be improved by building houses that is why arabs are behind west as they only focused on building houses and not on human development.Govt has increased custom duty to 23 percent without mentioning luxary items and it is general increase.It is better people not get these houses which will increase debt on them and many of the applicants will not be able to pay the instalments and eventually become homeless at the end.Govt policies will result poor public in debt trap in the name of this house building.Our major textile exporter is u.s and only textile industry production has increased

Dear kid,

Are you mad?? You're comparing orange train with 5 million houses despite the fact that Pakistan faces housing shortage of more than 10 million? LOL

Private sector don't spend on education & health and PTI wants to make a welfare society not a business society in the sectors of health & education. Try to understand something first before you write.

PTI is trying to promote IT and technology sector but it doesn't mean that they should leave others.

It is you who is saying this. Govt increased custom duty from 20 to 30% on luxury cars exceeding 1800cc capacity. I don't believe on rumors like you, I verify. All custom duties were increased on luxury items.

Mr kuggo,

People who don't have their own homes lives on rent. The rent is equal to that of installment which will get them their own house and will reduce shortage of houses. This project will employ 6 million people and bring huge investment in Pakistan. If you would have any sense of economics you wouldn't have wrote such shit. Imran Khan is not a corrupt person like your leaders and Khan won't let anyone do corruption in the projects he will lead.

Our major exporting country is US but we export to other countries as well. I live in Faisalabad and 100 industrial units are being re-opened after PTI reduces gas tariff for industrialists. Let me give you another news, within a few days PTI will reduce electricity price for industries to promote export.

 

[Yaseen1]

in u.s most people live in wood made houses and not in concrete made expensive homes like us and they spend their amount and saving in innovative business and education of their children.These houses are not suitable in country like Pakistan and people here are unable to pay installments of cars on time and face actions by leasing companies so how they will be able to pay lease rentals of these houses which is made by private sector and private sector always develop or construct on expensive rate and on high profit margins unlike govt.Govt is not giving any subsidy to industry due to their own method of generating electricity from cheap methods but it is increasing electricity and gas prices for poor domestic consumers who will be unable to pay bills and electricity theft will likely to increase as a result due to which electricity companies will go in loss.Govt should promote industrialists to generate their own electricity and invest in electricity generation.There are many private universities and colleges in west and they also give scholarship to needy students and govt can promote investment in health and education by giving tax incentives to those who provide cheap education and health care facilities or make donations for them.if govt has not increased duties or taxes then what is the reason of price hike after mini budget.I not need certificate of economic knowledge from you.IT sector was already in boom before pti govt formed

Dear kid,

Are you mad?? You're comparing orange train with 5 million houses despite the fact that Pakistan faces housing shortage of more than 10 million? LOL

Private sector don't spend on education & health and PTI wants to make a welfare society not a business society in the sectors of health & education. Try to understand something first before you write.

PTI is trying to promote IT and technology sector but it doesn't mean that they should leave others.

It is you who is saying this. Govt increased custom duty from 20 to 30% on luxury cars exceeding 1800cc capacity. I don't believe on rumors like you, I verify. All custom duties were increased on luxury items.

Mr kuggo,

People who don't have their own homes lives on rent. The rent is equal to that of installment which will get them their own house and will reduce shortage of houses. This project will employ 6 million people and bring huge investment in Pakistan. If you would have any sense of economics you wouldn't have wrote such shit. Imran Khan is not a corrupt person like your leaders and Khan won't let anyone do corruption in the projects he will lead.

Our major exporting country is US but we export to other countries as well. I live in Faisalabad and 100 industrial units are being re-opened after PTI reduces gas tariff for industrialists. Let me give you another news, within a few days PTI will reduce electricity price for industries to promote export.

 

[BetterPakistan]

in u.s most people live in wood made houses and not in concrete made expensive homes like us and they spend their amount and saving in innovative business and education of their children.These houses are not suitable in country like Pakistan and people here are unable to pay installments of cars on time and face actions by leasing companies so how they will be able to pay lease rentals of these houses which is made by private sector and private sector always develop or construct on expensive rate and on high profit margins unlike govt.Govt is not giving any subsidy to industry due to their own method of generating electricity from cheap methods but it is increasing electricity and gas prices for poor domestic consumers who will be unable to pay bills and electricity theft will likely to increase as a result due to which electricity companies will go in loss.Govt should promote industrialists to generate their own electricity and invest in electricity generation.There are many private universities and colleges in west and they also give scholarship to needy students and govt can promote investment in health and education by giving tax incentives to those who provide cheap education and health care facilities or make donations for them.if govt has not increased duties or taxes then what is the reason of price hike after mini budget.I not need certificate of economic knowledge from you.IT sector was already in boom before pti govt formed

So first you said homes shouldn't be given to people, now you're saying it should be given to people but they can't afford it. At last you will say they should be given homes but not be allowed to live in those homes. I haven't seen such a fool like you.

If Pakistanis can pay their house rent than they will pay installments which will range from 5,000 to 20,000 at max. It is practiced in all developed countries of the world and is one of the basic steps to become a develop economy.

Mr ignorant,
Govt today didn't increase the prices of electricity which ignorants like you were claiming from weeks. I have already answered about gas prices increase and if a kuggo like you don't understand it than it's not my problem.


Tax incentives to health and education??? There's no sale tax on education or health sector in Pakistan... Kis school me economics parhi thi???

Which prices have increased?? I have asked you many times but you're yet to mention those things???

 

[Yaseen1]

you not understand what i am saying i said give tax incentives to those businessmen and capitalists which give donations or establish schools,universities and hospitals for their employees and public.In u.s billgates and other billionaires give huge donations and contribute to R&D of nasa and other scientific development and education institution and for health purposes like polio eradication even in Pakistan.The price of daily use objects and food items like vegetables, eggs ,meat ,fruit, sugar and other items has increased after mini budget and govt failed to monitor and control price hike.There are already many private housing schemes in various parts of country and they are developing houses.Govt should only make regulation for such schemes that certain numbers of houses should be constructed by poor people of low cost in every such housing society if they want to be legal and govt should spend money on dam construction and focus on other matters.Govt has deferred the rise in electricity price and is likely to increase it soon in future

So first you said homes shouldn't be given to people, now you're saying it should be given to people but they can't afford it. At last you will say they should be given homes but not be allowed to live in those homes. I haven't seen such a fool like you.

If Pakistanis can pay their house rent than they will pay installments which will range from 5,000 to 20,000 at max. It is practiced in all developed countries of the world and is one of the basic steps to become a develop economy.

Mr ignorant,
Govt today didn't increase the prices of electricity which ignorants like you were claiming from weeks. I have already answered about gas prices increase and if a kuggo like you don't understand it than it's not my problem.


Tax incentives to health and education??? There's no sale tax on education or health sector in Pakistan... Kis school me economics parhi thi???

Which prices have increased?? I have asked you many times but you're yet to mention those things???

 

[shah_123]

Fixed charges for bulk domestic consumers of gas increased by 345pc
The Newspaper's Staff ReporterUpdated October 20, 2018

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) notified on Friday that the minimum fixed charges for bulk domestic consumers of natural gas had been increased by 345 per cent.

In a notification, Ogra said the minimum fixed charges for the bulk domestic consumers had been increased to Rs4,680 per month from Rs1,053, as notified on Oct 4.

Consumers falling in this category include orphanages, charitable organisations, residential consumers with bulk meters, government hospitals, clinics, maternity homes, government guesthouses and offices, armed forces’ messes, universities, colleges, schools and private educational institutions.

The notification issued on Friday created quite a stir among the consumers and media organisations. But Ogra clarified late in the night that the Oct 4 notification had erroneously reported old fixed rates (Rs1,053) instead of Rs3,600 per month as applied since December 2016.

https://www.dawn.com/news/1440149/f...-domestic-consumers-of-gas-increased-by-345pc

Consumers falling in this category include orphanages, charitable organisations, residential consumers with bulk meters, government hospitals, clinics, maternity homes, government guesthouses and offices, armed forces’ messes, universities, colleges, schools and private educational institutions.

some serious tabdeeli has started taking place.

 

[BetterPakistan]

you not understand what i am saying i said give tax incentives to those businessmen and capitalists which give donations or establish schools,universities and hospitals for their employees and public.In u.s billgates and other billionaires give huge donations and contribute to R&D of nasa and other scientific development and education institution and for health purposes like polio eradication even in Pakistan.The price of daily use objects and food items like vegetables, eggs ,meat ,fruit, sugar and other items has increased after mini budget and govt failed to monitor and control price hike.There are already many private housing schemes in various parts of country and they are developing houses.Govt should only make regulation for such schemes that certain numbers of houses should be constructed by poor people of low cost in every such housing society if they want to be legal and govt should spend money on dam construction and focus on other matters.Govt has deferred the rise in electricity price and is likely to increase it soon in future

Pakistan needs to be run by govt not NGO's kid. Yeah billgates donates fund but for lower class countries, US itself don't need donation from Bill. No, price hasn't changed much I bought chicken yesterday it was 220 and last year in this same month it was 250. I don't understand who tells you this shit.

Those private schemes are making houses for millionaires not poors and they want upfront payment while 50 lakh houses will be given to lower and middle class people over a period of 20 years so those who lives by paying rent will instead pay lease and own their house. This is what you're not understanding and won't understand because patwaris are fond of roads and underpasses. Govt has already started making arrangements and both bhasha & mohmand dam construction will start next year unlike sharif tenure who did nothing in his 5 years for dams.

House shortage in Pakistan is more than 10 million. 5 Million homes project will reduce this shortage and will kick-start economic activities in Pakistan. It will also create 6 million jobs which Pakistan desperately needs. This is economic sense which you won't understand.

 

[Yaseen1]

you said price not increased which is false yesterday here in Islamabad a sweeper working in house of my relative quit job and said he is going to village as he cannot afford kitchen expenses here in big cities due to high prices.Laborer jobs are not good status jobs and in developed countries such houses are now build by 3d printers robots.Bill gates give huge donations to u.s universities and research institutions for giving scholarships to capable students that is why they are best in technology.It would be much better we educate our people and they do good permanent jobs instead of building houses which job will end once the construction of houses ends but technology based jobs continue for long and make nation strong and powerful and people will build houses for themselves easily once they earn huge sums.rentals are source of earning for house owners and also govt charge tax on rental income so they add to economy

https://www.facebook.com/video.php?v=1387876118010346

Pakistan needs to be run by govt not NGO's kid. Yeah billgates donates fund but for lower class countries, US itself don't need donation from Bill. No, price hasn't changed much I bought chicken yesterday it was 220 and last year in this same month it was 250. I don't understand who tells you this shit.

Those private schemes are making houses for millionaires not poors and they want upfront payment while 50 lakh houses will be given to lower and middle class people over a period of 20 years so those who lives by paying rent will instead pay lease and own their house. This is what you're not understanding and won't understand because patwaris are fond of roads and underpasses. Govt has already started making arrangements and both bhasha & mohmand dam construction will start next year unlike sharif tenure who did nothing in his 5 years for dams.

House shortage in Pakistan is more than 10 million. 5 Million homes project will reduce this shortage and will kick-start economic activities in Pakistan. It will also create 6 million jobs which Pakistan desperately needs. This is economic sense which you won't understand.