Why Petrol Prices Increased in Pakistan? | Omar Ayub Speech in NA

awesomkhan

Politcal Worker (100+ posts)
WTI Crude37.23
Brent Crude41.02
Opec Basket37.18


NZD$2.040
USD$1.320
Germany€ 1.22
Italy€ 1.25

$1 USD = 167 PKR

1 litre is 100 PKR = 0.60 CENTS USD

1 litre is 80 indian rupee = $ 1.06 USD

1 litre is 89 Banla taka = $ 1.06 USD

Please stop criticizing your GOVT. check the world prices first.
 

Doom1111

Minister (2k+ posts)
CDA is control still currency is devaluing.

Inflows are coming still currency is devaluing

Investment are coming still currency is devaluing


It shows mismanagement, wrong priorities, and misguidance and more importantly miscommunication.
 

Ayaz Ahmed

Senator (1k+ posts)
کیوں عوام کو ۔۔۔۔۔۔۔۔۔۔بنا تے ہو، عوام کا تو پہلے ہی برا حال ہے۔
 

awesomkhan

Politcal Worker (100+ posts)
CDA is control still currency is devaluing.

Inflows are coming still currency is devaluing

Investment are coming still currency is devaluing


It shows mismanagement, wrong priorities, and misguidance and more importantly miscommunication.

Agreed Somewhat... But this increment is very nominal or low...

Because now this Govt is supporting them exporter... last GOVT already killed the trader...

Devaluation...Should be thankful to this Man...otherwise we were already bankrupt before even the elections 2018... Dollar price should have been touching Rs.300...So consider yourself still lucky due to quick fix in the recent time...

We will pick up soon... as Now we are good Fiscal Deficit...Interest rate is low...

The thing is the amount of money laundering done in the past... we will remain low for a long time or until we recover the money...
 

Doom1111

Minister (2k+ posts)
Agreed Somewhat... But this increment is very nominal or low...

Because now this Govt is supporting them exporter... last GOVT already killed the trader...

Devaluation...Should be thankful to this Man...otherwise we were already bankrupt before even the elections 2018... Dollar price should have been touching Rs.300...So consider yourself still lucky due to quick fix in the recent time...

We will pick up soon... as Now we are good Fiscal Deficit...Interest rate is low...

The thing is the amount of money laundering done in the past... we will remain low for a long time or until we recover the money...
zero export has increased and PTI government alone has devalued 40 rupees in just 22 months and brought nothing against it.
 

Cornered Tiger

Councller (250+ posts)
CDA is control still currency is devaluing.

Inflows are coming still currency is devaluing

Investment are coming still currency is devaluing


It shows mismanagement, wrong priorities, and misguidance and more importantly miscommunication.

We are paying debt payments as it is end of financial year. Payments are on high side.

Who will build you reserves? Only currency is not the factor in dollar terms.
 

Nadir Bashir

Minister (2k+ posts)
CDA is control still currency is devaluing.

Inflows are coming still currency is devaluing

Investment are coming still currency is devaluing


It shows mismanagement, wrong priorities, and misguidance and more importantly miscommunication.
CDA can only be controlled by reducing the imports.
We have to make a strict control check on each import item.

State bank or PMO shall control all imports. When every year, you have negative trade balance, how you can expect rupee to stabilize.

Also you can not manage all this through loans since if you did not control, other than deficit, you will not be able to pay loans.
 

Doom1111

Minister (2k+ posts)
We are paying debt payments as it is end of financial year. Payments are on high side.

Who will build you reserves? Only currency is not the factor in dollar terms.
It is and that is why you saw sudden increase of Oil prices.

Currency is a backbone if country is a major import of Oil and gas.
 

Cornered Tiger

Councller (250+ posts)
It is and that is why you saw sudden increase of Oil prices.

Currency is a backbone if country is a major import of Oil and gas.

We cannot keep pouring dollars in local market. Market need self-correction as it is in whole world.

Govt. should keep dollars with State Bank and have strong dollar reserves. Only this way Govt. can influence market.
 

back to the future

Chief Minister (5k+ posts)
We cannot keep pouring dollars in local market. Market need self-correction as it is in whole world.

Govt. should keep dollars with State Bank and have strong dollar reserves. Only this way Govt. can influence market.
Govt should take many steps
For example it should control underinvoicing of exports this way dollars are shifting out of country
Should segregate indirect taxation of petrol or gst from revenue collected by fbr because this revenue is not because of fbr but govt decision
Actual performance of fbr then can be monitored
Shabbar zaidi was thrown out by this hafeez sheikh because he is imposed by someone powerful
According to those who matters corruption is no problem.
 

immii

Senator (1k+ posts)
جعلی پیر جعلی وکیل جعلی ڈاکٹر جعلی قطری خط جعلی بینک اکاونٹ جعلی وصیت جعلی ادویات جعلی صحافی جعلی ڈگری جعلی مولوی کے بعد اب پیش خدمت ہے جعلی پایلٹس۔ قوم کو ان سب کی درستگی صرف 22 مہینے میں چاہیے؟
 

awesomkhan

Politcal Worker (100+ posts)
جعلی پیر جعلی وکیل جعلی ڈاکٹر جعلی قطری خط جعلی بینک اکاونٹ جعلی وصیت جعلی ادویات جعلی صحافی جعلی ڈگری جعلی مولوی کے بعد اب پیش خدمت ہے جعلی پایلٹس۔ قوم کو ان سب کی درستگی صرف 22 مہینے میں چاہیے؟

??? Ji yehi Qoum chahti hai... Ronday Petrol nu... woo sari qoum ka Tail nikal k Londhon bethay hain...
 

Glock

Senator (1k+ posts)
Too many economists here.. I can't discuss economical indicators, since it's beyond me..

To hell with price increase. We've seen higher prices..

JUST TELL ME WHY HE BUCKLED TO THE PETROL MAFIA JUST 5 DAYS BEFORE NEW PRICES SUMMARY?

Simple as that... He GAVE in to petrol mafia and couldn't stand 4 more days pressure... Unforgivable.
 

back to the future

Chief Minister (5k+ posts)
What stupidity is this man.

when the price was dropping worldwide they used to come and justify that our purchase is based on month old price.

When price increase they increase immediately saying that we are increasing because world price increase
This is because someone demand for allocation is not being met
Fbr theek kiay baghair kuch nahin hoskta
 

Hussain1967

Chief Minister (5k+ posts)
Patrol Mafia (Oil Marketing companies, Nadeem Babar etc.) has won. What happened to the inquiry into hoarding of Patrol? Few days ago, it was announced that license of many oil companies would be cancelled who created shortage of patrol. What happened to that announcement?

Govt ko utnay daaway karnay chahian jin par amal kar sakay.