Well for majority of people , they don't read official Associated press of Pakistan news , which shows , Prices are dropping for 2-3 weeks but they are more focused on Politician's rant on Private Channels
- Private Channels
- Youtube Videos of Unregistered Reporters
Both avenues are not ideal , follow formal Government releases or Ministry Press Releases
Private Channels are not accurate with their reporting they always report the rises but they never mention any "DROP" in prices because that is not type of new which they can sell.
However when you look at statistical figures, the food prices are dropping
The Private Channels have been Trumping up news about Inflation , which not looking at factual data on prices , yes Petrol prices may increase due to IMF but over all food prices are being reduced in a controlled , sane manner
Week-on-Week basis (WoW)
Reduced prices
- Sugar (-6.28%)
- Eggs (-3.80%)
- Pulse Moong (-3.03%)
- Onions (-1.61%)
- Chicken (-1.47%)
- Pulse Gram (-0.94%)
- Bananas (-0.93%)
- Wheat Flour Bag (-0.91%)
- Pulse Masoor (-0.58%)
- Pulse Mash (-0.56%).
Year-on-Year (YoY) basis, the commodities that witnessed decrease in prices during the week included
In 1 year how much prices have been reduced ?
- Tomatoes (-50.11%)
- Pulse Moong (-32.01%)
- Onions (-31.17%)
- Potatoes (-22.30%)
- Pulse Mash (-1.73%)
Government is on the right track
Year to Year Increase (The problem Point)
Oil and Gas (Imported from Outside unless we build Iran-Pakistan gas line)
- LPG (64.60%)
- Electricity for Q1 (61.11%)
- Petrol (22.22%)
- Diesel (17.13%)
Solution is develop Oil Storage
Imported Goods (Why is Cooking Oil So high ??)
- Vegetable Ghee 1 Kg (41.55%)
- Vegetable Ghee 2.5 Kg (39.94%)
- Cooking Oil 5 liter (38.70%)
- Mustard Oil (43.82%)
This Can be controlled
- Chicken (30.08%)
- Garlic (22.78%)
- Chilies Powdered (33.43%)
This Can be controlled
- Washing Soap (26.61%) ?????
- Gents Sandal (33.37%) ?????
The stuff related to
"Agriculture" should be controllable from Pakistan's Perspective
Since Ghee is made from Butter /Milk product , I would imagine Pakistan should have the cheapest price for Ghee (Locally)
For Export Market the Ghee price should be more expensive
May be the Shortage is related to more stuff is being "Exported" it is creating shortages locally
because other countries are buying Pakistani goods at cheaper rates
View attachment 785946
1-
Rupee Price should be elevated to discourage export of food items out of Pakistan
2- State Bank should reset Rupee to
50 rupee for 1 Dollar
Unsure how this exchange rate is set but .... we need to stop any exports till local needs are met first !!! A ban on Food export should drop local prices drastically as there would be too much of every thing available
3- Food Exports should be slowed till new prices are met , food for local needs should be priority
2- Exports should be done at
Higher Rupee Value more revenue is made from less goods exported or don't export it
ONLY EXPORT ONCE LOCAL PRICES DROP !!!
(Only allow trades out to foreign countries if they are willing to pay 1 Dollar = 50 Rupee rate)
The 1 dollar for 170 rupee rate is literally stealing edible food from Pakistan as Exporters in side Pakistan are exporting goods out and creating shortages in local market
The problem seems to be
Too much is being exported and we are getting Too Little in Dollar Equivalent
Demand more for Edible Items from International Buyers just like more is being demanded for Oil and Gas
- Discuss Barter Trade with Nation who want to do Oil for Food Trade , If cost of oil can rise ,guess what cost of eatable food also can rise. No need to sell goods at dirt cheap rates
Export is only advantageous , if only the "excess goods" are exported . You don't export your own populations food outside of country