Ghazwa-e-Hind
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Neutrals are responsible for this inflation
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Pakistan is being setup for turmoil yahudee style.All this PTI/Army/foreign govt drama aside, why are you guys crying about fuel prices? Seems to me prices need to come up a lot more to be inline with global trends. And given inflation hitting everywhere, what's the issue here?
Gasoline prices around the world, 12-Aug-2024 | GlobalPetrolPrices.com
Gas prices by country using official data sources.www.globalpetrolprices.com
Prices were on historic lows during covid. Did we create more strategic reserves? Sure transportation would be even cheaper had we finished the Iran-Pakistan pipeline decade agoMost of them said this when global inflation was on rise. And they increased 32rs in years while Imported Govt increased 60 in weeks.
We can cut on 1) transport prices 2) create feul storages to store when prices are low.
We could have and offset that with russian import. And Russia did agree and talks were happening, first consignment would have been in March.
Prices were on historic lows during covid. Did we create more strategic reserves? Sure transportation would be even cheaper had we finished the Iran-Pakistan pipeline decade ago
Yes they were doing well and the outlook was better than now no doubt. But Pakistanis have to bear this cost now and for the foreseeable future as we awam is in itself to blame for voting for the current government. As you sow so shall you reap.PTI was importing cheaper wheat and Oil from Russia. Tax collection was record high during PTI tenure, IT exports increased 75%, Imran Khan had strategies in place. But then this imported corrupt government was planted by neutrals
PTI government was focusing on sustainable growth (elevating the poor/low-income class via stipends, shelters, food stamps)
Yes they were doing well and the outlook was better than now no doubt. But Pakistanis have to bear this cost now and for the foreseeable future as we awam is in itself to blame for voting for the current government. As you sow so shall you reap.
ISLAMABAD: PTI Senator and former finance minister Shaukat Tarin said on Friday that political interference by power brokers had derailed the economy and placed the country as well as the masses into a serious financial crisis.
Addressing a news conference along with former energy minister Hammad Azhar, he said economy was moving in the right direction in March 2022. Without mentioning any name, Mr Tarin said that he had cautioned the power brokers not to take any new political venture.
“I told this to those who matter in the power corridors that economy was on the right track and if there was any political interference, this economic growth trajectory could break too,” he said. “And [then] it happened. Within two months, they broke the economic cycle,” he added.
He said the current setup has failed to manage the economy and the only option is to hold fresh elections as soon as possible.
“They have to understand that they cannot simply drop such bombs on the citizens and that they should resign and hold fresh elections,” the former finance minister said, in an apparent reference to the recent heavy increase in prices of petroleum products and electricity.
The previous PML-N government had left a current account deficit of around $20 billion and as a result, the PTI government was forced to go to the International Monetary Fund (IMF), recalled Mr Tarin.
He said the then prime minister Imran Khan had announced a plan to freeze fuel and electricity prices up to July and even lower them by Rs10. “We had a plan to cover the gap,” he claimed, adding: “The plan was to get cheap Russian oil and PM Khan had discussions over it with President Vladimir Putin.” He added that Russian oil would be Rs40-50 per litre cheaper, but they could not buy it, as it would have annoyed the US and this is what they could not afford.
“We had plans to give targeted subsidies, and the refinery margins were lowered to Rs14 per litre, but now they have been raised to Rs70 per litre for diesel and more than Rs50 for petrol,” the former minister said.
He added that these refineries were pocketing a huge sum of money, and added that 60 per cent of diesel and 25pc of petrol consumed in the country were locally produced.
Mr Tarin also highlighted the social sector reforms undertaken by the former PTI government.
“When we used to increase by Rs1 or 3 per litre there was a serious reaction by these PDM parties. Miftah Ismail sahab and Shahid Khaqan Abbasi sahab used to say it was a petrol bomb on the masses. Now the increase of Rs60 per litre should be termed as dropping an atom bomb on the masses,” Mr Tarin said.
Meanwhile, Mr Azhar termed the incumbent government as an “imposed setup.”
“A false and incorrect narrative that was established when they were in the opposition has been exposed now,” the former energy minister said, adding that the PTI government had decided to purchase oil at discounted rates from Russia from April.
“But these cartoons sitting at the helm of affairs claim that Pakistan has no money to buy Russian oil. PSO has purchased oil at spot rates in recent months at a very high price,” Mr Azhar said.
He lamented that the finance minister did not know that there were no sanctions on buying oil from Russia, but even Sri Lanka was buying oil from Russia.
Published in Dawn, June 4th, 2022
what is the plan to take our exports from $30 billion to $40 billion this new fiscal year? let me know if you know anything about this?Right decision.
Although, there is still room for improvement (more increase).
Cry babies are gonna cry anyway because they want everything for either free or cheap. It's about time we stop giving a damn about them and take hard decisions for the sake of grand national interest.
what is the plan to take our exports from $30 billion to $40 billion this new fiscal year? let me know if you know anything about this?
Also, looks like we will be short of $2 billion or more in our current exports due to high production cost in global market.
how this govt gonna cover that?
lets hear from you
what is the plan to take our exports from $30 billion to $40 billion this new fiscal year? let me know if you know anything about this?
Also, looks like we will be short of $2 billion or more in our current exports due to high production cost in global market.
how this govt gonna cover that?
why are we at war?
lets hear from you
Imran khan increased exportd from $24 billion to $30 billion same goes for remittance from $20 billion to $31 billion.Pakistan will not increase exports with overpriced shoddy 'products' no matter how much and how many times you are given relief/subsidy/currency devaluation/taking one time only orders due to pandemic crisis in the region etc. There is something inherently wrong with Pakistanis. They are not competitive. They just don't learn. They just don't improve. We are a failed nation through and through.
But since we cannot improve while already giving subsidies for years, taking loans for years, begging others for money, now is the time to pull the plug. Otherwise, it's default. No other option.
We have to swallow the bitter pills, the quicker we do that, the better.
Ofcourse, there are other ways in which we can help our economy/budget better - like reducing defense budget for atleast a year to 3 years. I mean, reduce 2 billion dollars budget for defence instead of worrying about 2 billion dollars IMF package. But hey, that's not possible. They always need more money no matter what. And there is nothing we can do about it. Can't say more than that otherwise my software would be updated in a black vigo.
So, back to square one. Increase price of fuel and get bailout package.
So if govt is inompetent, why public should scarifice?