Failed Terrorist State of Pakistan: Idiotic Musings

Swesh

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ISLAMABAD: With weekly and monthly price indicators already showing record annual increases, the finance ministry on Friday forecast inflation to rise further due to a second-round effect of policy decisions made earlier to raise energy and fuel prices, the central bank’s policy rate, and the rupee’s depreciation to secure IMF funding.

Inflation may further jack up as a result of a second-round effect,” the ministry said in its Monthly Economic Update & Outlook, adding that the recent political and economic uncertainties were causing inflationary expectations upwards.

The short-term rate of inflation measured by the Sensitive Price Indicator (SPI) last week hit a record 46.65pc, while monthly inflation recorded by the Consumer Price Index (CPI) reached 31.6pc in February — the highest in six decades.

However, the SPI has slightly eased to 45.36pc in the latest reading released on Friday. The CPI reading for March is expected shortly.


The ministry explained that inflation was expected to stay at an elevated level owing to market frictions caused by relative demand and supply gap of essential items, exchange rate depreciation and recent upward adjustment of administered prices of petrol and diesel.

Also, due to the lagged effect of floods, the production losses have not yet been fully recovered, especially those of major agricultural crops.

“Consequently, the shortage of essential items has emerged and persisted,” it said, adding that “another potential reason for rising price level is the political and economic uncertainty”.

Moreover, the economic distress resulting from the delay of the stabilisation programme has exacerbated the economic uncertainty, due to which inflationary expectations have remained strong.

The Economic Adviser’s Wing of the finance ministry also conceded ineffective policy measures and the haplessness of the authorities in containing the inflationary spiral. “Despite SBP’s contractionary monetary policy, the inflationary expectations are not settling down,” it said and also tried to attribute the challenge to Ramazan-oriented demand pressures.

It warned that bulk buying during Ramazan might cause the demand-supply gap and result in escalation of essential items prices, although the government was alert to the situation and had already taken on board all provincial governments to ensure a smooth supply of essential items.

The report also warned that being largely dependent on prevailing climatic conditions, as witnessed last year, the delay in rains and early heatwave forecast by the Pakistan Met Office in April and May could adversely impact wheat production.

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Love Charger

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This is different in engineering college and others , we study psychology as optional and main area of focus in learning, perception, memory, recognition.
Freud was just a name in intro
Are same to same, learning memory perception here also
Freud was also in just the beginning here. Kek
 

Swesh

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RAWALPINDI: The Aircraft Owners and Operators Association (AOOA) of Pakistan has condemned the government’s decision to outsource operations and land assets at three major airports to the International Finance Corporation (IFC) — the private sector arm of the World Bank Group — without following the Public Procurement Regulatory Authority rules.

The association in a statement issued here on Friday claimed that all the proceedings of outsourcing had been kept ‘secret’, thus making the whole process ‘doubtful and dubious’.

No country outsources its money-making assets such as airports to a third country (Qatar) that does not run even its own airport and has outsourced it to a Singaporean company, being run by Indians, according to the AOOA press release.

Just last year Pakistani airports generated about Rs90 billion, it said, while over the next 30 years, the airports had a potential of generating more than Rs2,700bn. Yet “we are outsourcing them for Rs850bn,” it said, adding that the AOOA-Pakistan would serve a legal notice to the government of Pakistan and the IFC, the World Bank, for malpractice and dodging law of the land.


The government on March 30 had kicked off the outsourcing of operations and land assets at three major airports to be run through a public-private partnership with a foreign country to generate foreign exchange reserves.

Meanwhile, an emergency meeting of the Officers Association and Joint Employees Union of civil aviation was held under the chair of Zareen Gul Durrani at Civil Aviation Authority Headquarters, Karachi, where serious concern was expressed over the government move to outsource the three airports.

The participants in the meeting declared that outsourcing would create problems for the CAA in particular and the country in general. They requested all civil aviation employees to organise protests, contact parliamentarians and appealed to President Arif Alvi, Prime Minister Shehbaz Sharif, Chief Justice Umer Ata Bandial, and Chief of Army Staff Gen Asim Munir to halt the move.
 

Sanglamorre

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Another gasbag. Tricks to earn more twitter followers.

This the same Pakistani Army where 93000 POWs along with the General were reinstated back to the Army even after the embarassing 1971 surrender.

Aur
mutiny ki baat karte hain...sharam-waram toh hain nahi saalo mein. Gurde mein dum chaiye iske liye.
Biryani offer karenge toh kal hi Inka army revolt karega. GoI pls start biryani diplomacy
 

Moroboshi

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yeah but above article is about pakistani government fix 32000 rupee for workers. so i m guessing its government employee minimum wage. coz in private sector that much not possible, i mean a kaam wali bai etc did job in 4000-5000 rupee.
The house maid does not work full time at your place. Minimum wage are usually set for full time employment (8 hours/day or something like that)
 

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