and the prices fell all over the world, but due to less fall in pakistan the industrial sector start making less.
the agriculture sector are hitting there head(especially small farmers like my family) as the prices of commodities will fall but oil prices didnt fall. e.g potato price has fallen as international prices are going down but farmers are not making more money as oil isnt going down in pakistan as it should be..
then a disaster strikes you claim it on nature but when a positve turns happen you take the credit yourself!
this govt doing nothing but trying to cover up its total failure in taxation reforms and power sector losses reforms
Oil prices fell everywhere but Pakistan has one of the lowest price of oil (petrol, diesel etc). In Pakistan the prices went from just over a 100 Rs to 70 Rs, that is almost 30% decrease. If I compare this to UK, the price of petrol went from £1.30 to £1.07 and that is about 18% decrease. Government did the right thing to increase the tax on petroleum. Government need to stop subsidizing things (electricity and oil comes to mind).
The agriculture is hit hard due to
failed policies and nothing to do with oil price. Last year 1 truck (100 jute bags) were sold for as high as Rs 500k-600k (no farmer was complaining). Farmers should grow crops intelligently. Potato price has fallen due to no exports and more farmers farming potato this year.
Prices of commodities are falling due to bumper crops and no exports (Oil will have some affect on them also).... Wheat is another example. Pakistan even has the stock from 2012-2014 I believe and the new crop has come to the market as well. Same problem here. No Exports.
They haven't even thought of processing these raw materials. Potato can be processed into chips (fried/frozen) and sold as a processed product for a much higher price. Wheat can be processed too and then sold for a better price. I can write a lot more and about many things but I hope people get the idea.
Taxation reforms are not going to happen in a day.... how many of us willingly submit tax returns? Power sector losses are not a quick fix either. The infrastructure needs updating, theft has to go down (who should I blame for the theft? Government or the people?) If everyone paid their bill the price of electricity will go down. Once again the people are partly to blame.
I don't have the financial statement for PIA to hand otherwise we could scrutinize the figures. Public services (i.e. NHS, Education, Security, Judiciary etc) should always be run by government. PIA, Wapda and Railway can be partly privatized and similar model to PTCL can be used to improve things.