PM Imran Khan summons meeting to discuss rising inflation today

[FOOLS_NIGHTMARE]

• PM Imran Khan decides to take urgent steps to control inflation.
• PM to seek briefing on inflation from ministers.
• Important decisions expected to be taken during the meeting.

ISLAMABAD: Prime Minister Imran Khan summoned a meeting Thursday to tackle the rising inflation across the country. The meeting will take at the PM House, sources told Geo News.

Officials will brief the prime minister on the current prices of edible items and take decisions on how to taken to curb the surging inflation.

Federal ministers, advisers and special assistants will attend the meeting. Provincial chief secretaries have also been directed to attend and inform the prime minister about the steps taken in this regard.

Sources said important decisions are expected to be taken to ensure inflation is controlled, which has hit Pakistanis hard.

IMF blamed for inflation
On Wednesday, Federal Minister for Finance Shaukat Tarin blamed the International Monetary Fund's (IMF) programme for the rising inflation in the country. However, the minister assured people that the government will provide direct subsidies on food items to the poor.

Addressing a press conference with Minister of State for Information and Broadcasting Farrukh Habib and Special Assistant on Food Security Jamshed Iqbal Cheema in Islamabad, Tarin had said:
"Around 50% difference was recorded in the price of ghee globally, while we [Pakistan] kept the difference around 30%. The price of wheat recorded an increase of 13.5%."

The finance minister had highlighted that petrol is available at Rs123 per litre in Pakistan, and on the contrary, it is available at Rs250 per litre in India.

"We [government] will give subsidy on ghee, bearing the burden of additional prices on imported ghee," he had said, adding that the government will give direct subsidy on food items to the poor people.

The finance minister had further disclosed that the cash subsidy will be given to 40 million people.

PM Imran Khan summons meeting to discuss rising inflation today

PM Imran Khan decides to take urgent steps to control inflation.PM to seek briefing on inflation from ministers. Important decisions expected to be taken during the meeting.ISLAMABAD: Prime...

www.geo.tv

 

[VCheng]

Federal Minister for Finance Shaukat Tarin blamed the International Monetary Fund's (IMF) programme for the rising inflation in the country.

Absolutely INCORRECT you moron FM!

It is the mismanagement of the economy by Pakistan that makes it go to IMF and request a rescue. What the IMF prescribes is exactly the bitter medicine needed to resuscitate the economy.

 

[Desprado]

Absolutely INCORRECT you moron FM!

It is the mismanagement of the economy by Pakistan that makes it go to IMF and request a rescue. What the IMF prescribes is exactly the bitter medicine needed to resuscitate the economy.

He is shifting the blame to IMF because he knows that all PTI work of 3 years has gone into gutter and he is the one only to be blamed for 4 months of mess he created.

 

[El Sidd]

How can PM afford such fanciful clothing in midst of this deep pocket absolute conspiracy?

 

[AZADPAKISTAN2009]

Mr Shaukat Tareen is a old gentleman of 70 years age
Thank you for the services to Pakistan

However if it is fit , Pakistan should move towards 50 years age for such a post

Economics is simple common sense it is not so complicated that you start pointing fingers left and right

• Sugar consumption can be reduced as it is not most important asset in world
• Tea consumption should be rationed so people drink it once a day only not 4-5 time a day
• 500-1000 Electric buses ideally should be introduced quickly in big cities to reduce Petrol Usage (Emergency Measure)

Malaysia has excessive Edible Oil

• I am sure we can get get some supplies to cool down edible oil shortages, as quantity of oil will rise in market the prices / demand will slow

Remaining Item is just Flour / Wheat

• Government should simplify the process and have 1 Single Price for Rich & Poor (Home Roti Cooking)

• Increase Price on Four Sales to Restaurants - if people wish to buy from Restaurants they pay more (Tandoori Roti etc). And I know every one once a week wants to buy from Resturant , Chikken Tikka or Chicken Karhai or Nihari etc and 4-5 Tandoori Roti flies easily no one complains about bill The Rich take their family 4-8 people to restaurants

"PRICE FALLS WHEN THERE IS TOO MUCH OF SOMETHING IN MARKET"



If people's buying habits are controlled prices will easily drop

 

[HAIDER]

He can't do much, commodity prices are going up everywhere.

 

[Desprado]

He can't do much, commodity prices are going up everywhere.

He can only do is face the reality rather than making people panic. Just tell them facts and stop import demand. which it self will reduce inflation in some time.

 

[Aryeih Leib]

It's same here in India alas

 

[PakFactor]

Absolutely INCORRECT you moron FM!

It is the mismanagement of the economy by Pakistan that makes it go to IMF and request a rescue. What the IMF prescribes is exactly the bitter medicine needed to resuscitate the economy.

Lol, I could tell your swearing behind the computer screen but controlled it in writing.

 

[VCheng]

Lol, I could tell your swearing behind the computer screen but controlled it in writing.

Nope. Those times are long gone. Now it is more like a peaceful resignation as the consequences inevitably catch up, as they must.

 

[Valar.]

I dunno man.... Though one thing is for sure, when it comes to economics/economists, Pakistan as a country and society failed miserably. This is what happens when your parents keep telling you to be either Daakter or Inginier. (and even in that we suck lol)

 

[Desprado]

I dunno man.... Though one thing is for sure, when it comes to economics/economists, Pakistan as a country and society failed miserably. This is what happens when your parents keep telling you to be either Daakter or Inginier.

It because we have made habit of giving subsidy to imports and exports. Now it has become life or death case for them.

 

[PakFactor]

Nope. Those times are long gone. Now it is more like a peaceful resignation as the consequences inevitably catch up, as they must.

I knew from the get go PTI Economic policy was doomed to failure when his economic counsel ceased to exist basically after the whole Ahmadiyya fiasco. The Ulema asked IK to remove 1-2 individuals one being a Princeton University Professor who left his chair after that the others left total approx. 20 individuals top dogs in Economic policies from basically Ivy Leagues with PhDs. So you can also put the blame on those nut sacks for interfering in matters they have no working knowledge of, IK should've stayed his ground and asked what the economy has to do with an individuals belief.

 

[Desprado]

I knew from the get go PTI Economic policy was doomed to failure when his economic counsel ceased to exist basically after the whole Ahmadiyya fiasco. The Ulema asked IK to remove 1-2 individuals one being a Princeton University Professor who left his chair after that the others left total approx. 20 individuals top dogs in Economic policies from basically Ivy Leagues with PhDs. So you can also put the blame on those nut sacks for interfering in matters they have no working knowledge of, IK should've stayed his ground and asked what the economy has to do with an individuals belief.

Wrong. PTI policy from 2019-2021 April was best for Pakistan. The donkey brain started from April late when some suggested to hire Tarin and all poor Imran Khan performance vanished in just month June 2021 alone. Shaukat Tarin did same to PPP in 2009 and now he doing to PTI and both were lost in Punjab mainly and lost elections badly due Shaukat tarin mess cannot recovered but only can save from damage.

Major blunder was to listen Shaukat Tarin advice that we should delay IMF program, which impacted as inflation, currency devalued 11% and CAD mounted to 2.3 billion dollar in just 2 months and we running in panic and growth is paused.

 

[VCheng]

I knew from the get go PTI Economic policy was doomed to failure when his economic counsel ceased to exist basically after the whole Ahmadiyya fiasco. The Ulema asked IK to remove 1-2 individuals one being a Princeton University Professor who left his chair after that the others left total approx. 20 individuals top dogs in Economic policies from basically Ivy Leagues with PhDs. So you can also put the blame on those nut sacks for interfering in matters they have no working knowledge of, IK should've stayed his ground and asked what the economy has to do with an individuals belief.

I was in so much trouble on PDF for saying that naya Pakistan will prove to be just like purana Pakistan, but then I learned to say little. The results are inevitable, and when they become undeniable, then we can talk.

A hundred PhDs from Ivy League schools cannot change the basics determining the value of PKR. The only way for the value to go, no matter who or what is in power in Pakistan, is DOWN, as long as the nation produces little and consumes much, relatively. And no, remittances are no panacea. Inflation must occur as this process goes on unabated.

Now I will now resume my lurking.