Pakistan Economy : Updates and Discussions

Essentials skyrocket to crushing prices in Punjab
By Imran Adnan

Published: April 22, 2019

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The prices of common use vegetables such as potatoes, onions and tomatoes have all increased. PHOTO: REUTERS

LAHORE:

In the absence of an effective price control mechanism, the rates of all essential commodities, including fruit and vegetables, have been jacked up ahead of Ramazan.
The Punjab government has called a meeting to finalise the Ramazan Package 2019 on Monday (today), but prices of all essential commodities have already gone through the roof. Market players are hinting at further increases in the coming weeks.

A market survey of different city areas, including Sunday bazaars, indicates traders and greengrocers have increased prices of all seasonal fruit and vegetables by 50% to 100%. Profiteering and overcharging is rampant in the Lahore, but neither the provincial nor district administration seems able to rein in these menaces.

Speaking to The Express Tribune, various citizens have complained that the sheer negligence of the Pakistan Tahreek-e-Insaf (PTI) government and state machinery have enabled greengrocers and vendors to fleece locals in broad daylight. They pointed out that not a single government official or political leader was available to check commodity prices.

K-P CM orders checking of prices ahead of Ramazan

Muhammad Salman underlined that the entire population was already bearing the brunt of inflation as a result of the poor economic policies and immature decisions of the PTI government. “Now, this artificial price hike, ahead of the holy month, is the worst example of bad governance,” he said.

“What is the use of these so-called public representatives if they cannot not develop an efficient price control system? They know how to raise their salaries in the worst economic situation, but they are unaware of common citizens’ problems,” he lamented.

Nasir Hussain, a shopper, pointed out that the deputy commissioner, Punjab chief minister’s advisers and other senior officials responsible for controlling and monitoring essential commodities prices always visit markets and bazaars with their official photographers for photo opportunities.

“These fame-hungry officials keep themselves busy with photo sessions while vendors fleece the public right under their nose,” he remarked. “I believe that if government officials and politicians have even a little will to address this issue, the country would have solved this problem years ago.”

Recently, the provincial information minister claimed that the PTI government was going to announce the biggest ever Ramazan package to provide relief to common citizens.

“A major chunk of this Ramazan package subsidy – financed through taxpayers’ money – will be used to neutralise the impact of the current artificial price hike. Common citizens would be humiliated in long queues to get subsidised products in Ramazan bazaars,” Hussain said.

Prices to be controlled during Ramazan

Survey of different Ramazan bazaars showed a very bleak situation as vendors were selling second or third-grade fruit and vegetables at a premium price. In most makeshift markets, the majority of seasonal fruit and vegetables were missing, but no government official was available to listen to public complaints.

A comparison of commodity prices indicates the price of onion have been skyrocketed during the past couple of weeks as it was being sold for Rs60-70 a kilogramme in different makeshift markets. However, the Lahore Market Committee had fixed its price at Rs50-52 a kilogramme. Potato prices were fixed at Rs10-12 a kilogramme, but an unsorted blended variety was available in most Sunday bazaars for Rs20-25 a kilogramme. Farmed cucumber price was fixed at Rs37-39 a kilogramme, following an increase of Rs3 a kilogramme. However, it was sold for Rs40 a kilogramme in the absence of an effective price control mechanism, while desi cucumber is sold for Rs100-110 a kilogramme. A Similar price trend was witnessed for tomato, garlic and ginger.

Brinjal price was fixed at Rs39-41 a kilogram, but it was sold for Rs40 a kilogramme. An increase of Rs10 was witnessed in mongray price which was fixed at Rs72 a kilogramme, but was not available in makeshift markets. The price of green pea was fixed at Rs26, but it was available for between Rs150 and Rs200 a kilogramme.

Spinach also witnessed an increase of over Rs10 a kilogramme as its price as fixed at Rs17-19 a kilogram, but it was sold for Rs28-30 a kilogramme. Chinese lemon showed an increase of Rs24 a kilogramme as its price was fixed at Rs97-102 a kilogramme. Similarly, local lemon price was fixed at Rs184-192 a kilogramme following an increase of Rs34 a kilogram. However, Chinese and local lemon are sold for Rs180-200 and Rs350-400 a kilogramme in Sunday bazaars, respectively. Similar price trend was seen for other seasonal vegetables.

Prices of difference apple varieties were fixed between Rs78 and Rs292 a kilogramme. However, on most stalls, a blended apple variety was available for Rs150-Rs180 a kilogramme. Similar quality apples were available in open market for Rs80-100 a kilogramme a couple of weeks ago.

Banana price is fixed at Rs81-87 a dozen, but it was sold for Rs120-160 a dozen in makeshift and open markets. Guava price remained stable at Rs60 a kilogram, but it was sold for Rs80-90 a kilogramme.

Different varieties of dates were sold for Rs300-500 a kilogramme, though their official price is fixed at Rs73-148 a kilogramme. A-grade melon price is fixed at Rs20 a kilogramme, but it was available for Rs70-80 a kilogramme, while lower quality melons were sold for Rs50-60 a kilogramme. Watermelon price is fixed at Rs49-51 a kilogramme but it was sold for Rs60-70 a kilogramme.

Published in The Express Tribune, April 22nd, 2019.

Essentials skyrocket to crushing prices in Punjab | The Express Tribune
 
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Prices to be controlled during Ramazan

Survey of different Ramazan bazaars showed a very bleak situation as vendors were selling second or third-grade fruit and vegetables at a premium price. In most makeshift markets, the majority of seasonal fruit and vegetables were missing, but no government official was available to listen to public complaints.

A comparison of commodity prices indicates the price of onion have been skyrocketed during the past couple of weeks as it was being sold for Rs60-70 a kilogramme in different makeshift markets. However, the Lahore Market Committee had fixed its price at Rs50-52 a kilogramme. Potato prices were fixed at Rs10-12 a kilogramme, but an unsorted blended variety was available in most Sunday bazaars for Rs20-25 a kilogramme. Farmed cucumber price was fixed at Rs37-39 a kilogramme, following an increase of Rs3 a kilogramme. However, it was sold for Rs40 a kilogramme in the absence of an effective price control mechanism, while desi cucumber is sold for Rs100-110 a kilogramme. A Similar price trend was witnessed for tomato, garlic and ginger.

Brinjal price was fixed at Rs39-41 a kilogram, but it was sold for Rs40 a kilogramme. An increase of Rs10 was witnessed in mongray price which was fixed at Rs72 a kilogramme, but was not available in makeshift markets. The price of green pea was fixed at Rs26, but it was available for between Rs150 and Rs200 a kilogramme.

Spinach also witnessed an increase of over Rs10 a kilogramme as its price as fixed at Rs17-19 a kilogram, but it was sold for Rs28-30 a kilogramme. Chinese lemon showed an increase of Rs24 a kilogramme as its price was fixed at Rs97-102 a kilogramme. Similarly, local lemon price was fixed at Rs184-192 a kilogramme following an increase of Rs34 a kilogram. However, Chinese and local lemon are sold for Rs180-200 and Rs350-400 a kilogramme in Sunday bazaars, respectively. Similar price trend was seen for other seasonal vegetables.

Prices of difference apple varieties were fixed between Rs78 and Rs292 a kilogramme. However, on most stalls, a blended apple variety was available for Rs150-Rs180 a kilogramme. Similar quality apples were available in open market for Rs80-100 a kilogramme a couple of weeks ago.

Banana price is fixed at Rs81-87 a dozen, but it was sold for Rs120-160 a dozen in makeshift and open markets. Guava price remained stable at Rs60 a kilogram, but it was sold for Rs80-90 a kilogramme.

Different varieties of dates were sold for Rs300-500 a kilogramme, though their official price is fixed at Rs73-148 a kilogramme. A-grade melon price is fixed at Rs20 a kilogramme, but it was available for Rs70-80 a kilogramme, while lower quality melons were sold for Rs50-60 a kilogramme. Watermelon price is fixed at Rs49-51 a kilogramme but it was sold for Rs60-70 a kilogramme.

@safriz
Kyon Cha-Cha-jan Khala-jan aaj kal Baigan, Neebo ke price poonchti hein to unko bhi kewal airlines ka route dikha ke kush karte ho?
Pakistani are going to dogs! Now eat airlines and air routes! LOL :) :) :rofl:
 
Essentials skyrocket to crushing prices in Punjab
By Imran Adnan

Published: April 22, 2019

View attachment 6164
The prices of common use vegetables such as potatoes, onions and tomatoes have all increased. PHOTO: REUTERS

LAHORE:

In the absence of an effective price control mechanism, the rates of all essential commodities, including fruit and vegetables, have been jacked up ahead of Ramazan.
The Punjab government has called a meeting to finalise the Ramazan Package 2019 on Monday (today), but prices of all essential commodities have already gone through the roof. Market players are hinting at further increases in the coming weeks.

A market survey of different city areas, including Sunday bazaars, indicates traders and greengrocers have increased prices of all seasonal fruit and vegetables by 50% to 100%. Profiteering and overcharging is rampant in the Lahore, but neither the provincial nor district administration seems able to rein in these menaces.

Speaking to The Express Tribune, various citizens have complained that the sheer negligence of the Pakistan Tahreek-e-Insaf (PTI) government and state machinery have enabled greengrocers and vendors to fleece locals in broad daylight. They pointed out that not a single government official or political leader was available to check commodity prices.

K-P CM orders checking of prices ahead of Ramazan

Muhammad Salman underlined that the entire population was already bearing the brunt of inflation as a result of the poor economic policies and immature decisions of the PTI government. “Now, this artificial price hike, ahead of the holy month, is the worst example of bad governance,” he said.

“What is the use of these so-called public representatives if they cannot not develop an efficient price control system? They know how to raise their salaries in the worst economic situation, but they are unaware of common citizens’ problems,” he lamented.

Nasir Hussain, a shopper, pointed out that the deputy commissioner, Punjab chief minister’s advisers and other senior officials responsible for controlling and monitoring essential commodities prices always visit markets and bazaars with their official photographers for photo opportunities.

“These fame-hungry officials keep themselves busy with photo sessions while vendors fleece the public right under their nose,” he remarked. “I believe that if government officials and politicians have even a little will to address this issue, the country would have solved this problem years ago.”

Recently, the provincial information minister claimed that the PTI government was going to announce the biggest ever Ramazan package to provide relief to common citizens.

“A major chunk of this Ramazan package subsidy – financed through taxpayers’ money – will be used to neutralise the impact of the current artificial price hike. Common citizens would be humiliated in long queues to get subsidised products in Ramazan bazaars,” Hussain said.

Prices to be controlled during Ramazan

Survey of different Ramazan bazaars showed a very bleak situation as vendors were selling second or third-grade fruit and vegetables at a premium price. In most makeshift markets, the majority of seasonal fruit and vegetables were missing, but no government official was available to listen to public complaints.

A comparison of commodity prices indicates the price of onion have been skyrocketed during the past couple of weeks as it was being sold for Rs60-70 a kilogramme in different makeshift markets. However, the Lahore Market Committee had fixed its price at Rs50-52 a kilogramme. Potato prices were fixed at Rs10-12 a kilogramme, but an unsorted blended variety was available in most Sunday bazaars for Rs20-25 a kilogramme. Farmed cucumber price was fixed at Rs37-39 a kilogramme, following an increase of Rs3 a kilogramme. However, it was sold for Rs40 a kilogramme in the absence of an effective price control mechanism, while desi cucumber is sold for Rs100-110 a kilogramme. A Similar price trend was witnessed for tomato, garlic and ginger.

Brinjal price was fixed at Rs39-41 a kilogram, but it was sold for Rs40 a kilogramme. An increase of Rs10 was witnessed in mongray price which was fixed at Rs72 a kilogramme, but was not available in makeshift markets. The price of green pea was fixed at Rs26, but it was available for between Rs150 and Rs200 a kilogramme.

Spinach also witnessed an increase of over Rs10 a kilogramme as its price as fixed at Rs17-19 a kilogram, but it was sold for Rs28-30 a kilogramme. Chinese lemon showed an increase of Rs24 a kilogramme as its price was fixed at Rs97-102 a kilogramme. Similarly, local lemon price was fixed at Rs184-192 a kilogramme following an increase of Rs34 a kilogram. However, Chinese and local lemon are sold for Rs180-200 and Rs350-400 a kilogramme in Sunday bazaars, respectively. Similar price trend was seen for other seasonal vegetables.

Prices of difference apple varieties were fixed between Rs78 and Rs292 a kilogramme. However, on most stalls, a blended apple variety was available for Rs150-Rs180 a kilogramme. Similar quality apples were available in open market for Rs80-100 a kilogramme a couple of weeks ago.

Banana price is fixed at Rs81-87 a dozen, but it was sold for Rs120-160 a dozen in makeshift and open markets. Guava price remained stable at Rs60 a kilogram, but it was sold for Rs80-90 a kilogramme.

Different varieties of dates were sold for Rs300-500 a kilogramme, though their official price is fixed at Rs73-148 a kilogramme. A-grade melon price is fixed at Rs20 a kilogramme, but it was available for Rs70-80 a kilogramme, while lower quality melons were sold for Rs50-60 a kilogramme. Watermelon price is fixed at Rs49-51 a kilogramme but it was sold for Rs60-70 a kilogramme.

Published in The Express Tribune, April 22nd, 2019.

Essentials skyrocket to crushing prices in Punjab | The Express Tribune
Maamu, abke Ramzan mein sehri , iftaari hoga Pakistan mein ya din raat roza. Ab agar 24 ghante roza rakhne par majboor hue toh yeh toh mati kehnaa ki Pakistani zyaada deendaar hain. @safriz
 
@LoneWolfSandeep don't you worry a thing, they have already got it under control. Now the Endyians will fall in line. @_Anonymous_ this is potentially Imran Khan N.'s latest googly that will clean bold Muudi.


Seriously though India has a 7000 KM+ long coastline and a history with salt(dandi march anybody ?). And they think we don't have domestic salt making capability. Logic and common sense has got noting on these people. I was in south india for two weeks and all I say was salt purification facilities.
 
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@LoneWolfSandeep don't you worry a thing, they have already got it under control. Now the Endyians will fall in line. @_Anonymous_ this is potentially Imran Khan N.'s latest googly that will clean bold Muudi.


Seriously though India has a 7000 KM+ long coastline and a history with salt(dandi march anybody ?). And they think we don't have domestic salt making capability. Logic and common sense has got noting on these people. I was in south india for two weeks and all I say was salt purification facilities.

Quick points:

India is third largest producer of Salt in world after US, China and produce around 10% of worlds total production. India is net exporter of Salt and plenty of Islamic Countries in Asia and even China, Japan import salt from India.

Haven't seen figures yet but won't be surprised if Sambhar Lake alone may produce more edible salt than total edible salt produced by Pakistan.
 
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@LoneWolfSandeep don't you worry a thing, they have already got it under control. Now the Endyians will fall in line. @_Anonymous_ this is potentially Imran Khan N.'s latest googly that will clean bold Muudi.


Seriously though India has a 7000 KM+ long coastline and a history with salt(dandi march anybody ?). And they think we don't have domestic salt making capability. Logic and common sense has got noting on these people. I was in south india for two weeks and all I say was salt purification facilities.
These idiots do not even know that salt being sold in India is far superior to what we get from Pakistan. Our salt is fortified with Iodine.
 
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Our salt is fortified with Iodine.
I remember as a kid I watched ads on TV, read bill boards about consuming only "Iodized salt". All govt. sponsored ads. The infusion of a specific dosage of Iodine was done to counter the spread of Tuberculosis. Iodine deficiency was calculated to be the most important contributing factor towards the spread of Tuberculosis in India by the WHO. The introduction of Iodized salt was the counter govt. came up with, because after all who doesn't consume salt ? That problem reduced substantially but is yet to be eradicated. Now we have drug-resistant TB coming up. Heh, how one sentence brought back so many memories.
 
I remember as a kid I watched ads on TV, read bill boards about consuming only "Iodized salt". All govt. sponsored ads. The infusion of a specific dosage of Iodine was done to counter the spread of Tuberculosis. Iodine deficiency was calculated to be the most important contributing factor towards the spread of Tuberculosis in India by the WHO. The introduction of Iodized salt was the counter govt. came up with, because after all who doesn't consume salt ? That problem reduced substantially but is yet to be eradicated. Now we have drug-resistant TB coming up. Heh, how one sentence brought back so many memories.
You will be surprised to know that 100% salt sold in India is fortified with Iodine not only to prevent diseases but also to increase the average height of Indians. When Alexander came to India, he was shocked to see the stature of Indians and he was told that Indians in central India are even better built. Till 18th century, Indians had the best physique in the world and Europeans the worst. Check out the average height of US citizens in 18th century when Europeans migrated to USA. The average height of a European male in US was 5.5 inch.
 
@LoneWolfSandeep don't you worry a thing, they have already got it under control. Now the Endyians will fall in line. @_Anonymous_ this is potentially Imran Khan N.'s latest googly that will clean bold Muudi.


Seriously though India has a 7000 KM+ long coastline and a history with salt(dandi march anybody ?). And they think we don't have domestic salt making capability. Logic and common sense has got noting on these people. I was in south india for two weeks and all I say was salt purification facilities.
Lo ji! Aur log kehtein hei ki "Indians ki choti choti khusian". Yeh log ab kewal Namak hi khayenge Pakistan mein!
Aur hum ko bolege ki "Endiyans Namakharam hein".

Was this a troll account by any chance?

BTW banda kewal Himalayan Salt ki baat kar raha tha I guess!

Himalayan salt - Wikipedia


Aur lo jee. Hum hein Endiyan to hamein Pakistan ki choti kushiyan bhi naheen pasand.!

Looks like India is producing the same Himalayan salt in Mandi Himanchal Pradesh.

 
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Lo ji! Aur log kehtein hei ki "Indians ki choti choti khusian". Yeh log ab kewal Namak hi khayenge Pakistan mein!
Aur hum ko bolege ki "Endiyans Namakharam hein".

Was this a troll account by any chance?

BTW banda kewal Himalayan Salt ki baat kar raha tha I guess!

Himalayan salt - Wikipedia

India mein ise shaayad "Sendha Namak" Kahtein hei.
Correct. Sendha namak is eaten during fasting in India instead of normal salt.
 
Hindustan Salts Limited - Sambhar Salts Limited

Wow I didn't know that we take this salt so seriously in India that we have a Govt enterprise just for Rock salts!!

They recently started mining the Pink Himalayan Salt in Himanchal Pradesh.

Off Topic:
Himanchal is one of my favourite parts of India. Once I am done here in US/Canada. I will settle there. May be in Shimla/Mandi or Renuka-Jee/Trilokpur. Extremely beautiful places!
 
Hindustan Salts Limited - Sambhar Salts Limited

Wow I didn't know that we take this salt so seriously in India that we have a Govt enterprise just for Rock salts!!

They recently started mining the Pink Himalayan Salt in Himanchal Pradesh.

Off Topic:
Himanchal is one of my favourite parts of India. Once I am done here in US/Canada. I will settle there. May be in Shimla/Mandi or Renuka-Jee/Trilokpur. Extremely beautiful places!

A hot country like India has significantly heightened importance for salt like air and water
 
@LoneWolfSandeep don't you worry a thing, they have already got it under control. Now the Endyians will fall in line. @_Anonymous_ this is potentially Imran Khan N.'s latest googly that will clean bold Muudi.


Seriously though India has a 7000 KM+ long coastline and a history with salt(dandi march anybody ?). And they think we don't have domestic salt making capability. Logic and common sense has got noting on these people. I was in south india for two weeks and all I say was salt purification facilities.

He means rock salt.

And he is wrong of course in placing too much importance on it. Typical cherry picking Pakistani idiot.
 
How did I miss this ?:ROFLMAO::ROFLMAO::ROFLMAO::ROFLMAO::ROFLMAO::ROFLMAO: from April 12
IK seems to have a lot of aces up his sleeve, which might explain why IMF deal wasn't signed and why Asad Umar was sacked. Pakistan doesn't need any of that, the solution to their economic problems lies in UK of course.
@BMD surely you guys can work out a deal with them. Give them the fancy rock and in return they will return back Birmingham, what do you say ?

 
How did I miss this ?:ROFLMAO::ROFLMAO::ROFLMAO::ROFLMAO::ROFLMAO::ROFLMAO: from April 12
IK seems to have a lot of aces up his sleeve, which might explain why IMF deal wasn't signed and why Asad Umar was sacked. Pakistan doesn't need any of that, the solution to their economic problems lies in UK of course.
@BMD surely you guys can work out a deal with them. Give them the fancy rock and in return they will return back Birmingham, what do you say ?

Diamond's ours forever.

Seems like this diamond has become an excuse for a lot of people. It's not going to solve any economic problems. Whilst it's valuable in terms of an individual's wealth, relative to a GDP it's value is negligible. We give away more than the entire value of the crown jewels in foreign aid every single year. Then we give more than their value to the EU every year, ditto for Scotland and NI.
 
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