pkpatriotic
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The government has fixed the support price of wheat at Rs950 per 40 kilograms for next year’s crop, as compared to Rs625 for the same quantity this year. The support price lays down a guarantee of the rate at which the government would purchase wheat from a farmer if he is unable to gain a higher rate in the market. The prime minister has stated the purpose was to encourage wheat cultivation so that the production target of 25 million tonnes could be met and food security for the country achieved. He has also explained that the move, by bringing the rate for wheat in Pakistan at par with neighbouring countries, would help curb smuggling. The widespread smuggling and hoarding of wheat over the past year has been a factor in the acute shortages we have faced recently.
Predictably, farmers, who will now receive Rs325 more per 40 kg, seem pleased by the new price. Consumers of course will be less enthusiastic. The new support price will mean an increase in the cost of ‘atta’. Indeed, the increase in rates, after Ramazan, has begun already to be seen, although, of course, the new support price will be effective only after the new crop is harvested. This rise has been most notable in Punjab, where tough measures had been put in place to control rates. ‘Roti’ prices have risen steeply from two rupees to six rupees, according to some reports. The provincial government will now need to demonstrate it can stick to its promise of maintaining the lower price even after Ramazan.
While the increased support prices injects additional funds of Rs60 billion into the rural economy, offering it a much-needed boost, the government must keep in mind the need to balance such benefits against the suffering of consumers. Rapid rises in food price inflation have already brought people to near breaking point. In such a situation the government must carefully weigh the consequence of each decision with extra care, gazing into the crystal ball of the future even while considering the steps vital for today. Excerpted by editorial -the News
QUOTE:
The point has to be consider that who will be actual beneficiary??? That is obviously the parliment consiting on the majority of feudals lords and families, "the real representiatives of peoples" elected by peoples for the peoples..........so ultimately the peoples of Pakistan will be the beneficiary even at the cost of their hungery lives.
Predictably, farmers, who will now receive Rs325 more per 40 kg, seem pleased by the new price. Consumers of course will be less enthusiastic. The new support price will mean an increase in the cost of ‘atta’. Indeed, the increase in rates, after Ramazan, has begun already to be seen, although, of course, the new support price will be effective only after the new crop is harvested. This rise has been most notable in Punjab, where tough measures had been put in place to control rates. ‘Roti’ prices have risen steeply from two rupees to six rupees, according to some reports. The provincial government will now need to demonstrate it can stick to its promise of maintaining the lower price even after Ramazan.
While the increased support prices injects additional funds of Rs60 billion into the rural economy, offering it a much-needed boost, the government must keep in mind the need to balance such benefits against the suffering of consumers. Rapid rises in food price inflation have already brought people to near breaking point. In such a situation the government must carefully weigh the consequence of each decision with extra care, gazing into the crystal ball of the future even while considering the steps vital for today. Excerpted by editorial -the News
QUOTE:
The point has to be consider that who will be actual beneficiary??? That is obviously the parliment consiting on the majority of feudals lords and families, "the real representiatives of peoples" elected by peoples for the peoples..........so ultimately the peoples of Pakistan will be the beneficiary even at the cost of their hungery lives.
