I don't buy it...
HI economist,
Could you please explain how only a patrol or any other product price can be calculated based on only a dollar price?
If the average income of both nations would be the same but the differences in dollar price still can be called cheaper because of dollar price?
And now, the dollar price has increased to 200 PKR..... So did the salary of the common people of Pakistani will also get increased?
If yes, then it does mean that the average monthly wage will be improved but i believed that increasing the dollar price mostly does impact negatively and cause price increment of most products.....
So my question is Why do politicians such as Imran khan used to say that the petrol price in Pakistan is cheaper than India.
And,
Why not calculated other factors as well?
I always do not buy when Pakistani ministers claim that Petrol prices in pakistan are cheaper than in India... is only a dollar price to be compared and it would be a legetimate way to compare?
Average Monthly Income - Based on 2020 Data...
Pakistan - 106 $ (dollar price was approx 160 PKR), So total monthly average income would be -
16, 960 PKR
India - 160 $ (dollar price was approx 73 INR) So total monthly average income would be -
11,680 INR
A comparison of the average income per capita over 69 countries worldwide
www.worlddata.info
HI economist, Could you please explain how only a patrol or any other product price can be calculated based on only a dollar price? If the average income of both nations would be the same but the differences in dollar price still can be called cheaper because of dollar price? And now, the...
defence.pk