Every coming Government will be worst from the previous one, because only faces changes not the intentions of the ruler.
Edible items were much cheaper in Banazeer and Nawaz time, more cheap in Zia ul Haq, Bhatto and Ayub time.
So the next govt. will be worst than this in regards of commodity price hike?That is a very good point brother, to fully understand your comment people will have to understand just a little bit of basic Economics specifically Inflation which exists in every economy at some rate, there have been instances in the world where Governments had to intervene to increase the rate of inflation just to keep the economy growing at a healthy pace, please note that in Economies deflation is a much bigger problem than inflation. Having said that, high rate of inflation makes the functioning of the economy extremely difficult too, and currently food item inflation in Pakistan is over 20% and our Government Economists modestly refer to this as double digit inflation. There is a very distinct connection between MONEY SUPPLY and INFLATION, which needs to be understood.
Anyway I understand the above might sound a bit too technical to some people but I tried to simplify it as much as I could. I don't think it fair to compare Price levels of the two governments and use that as a performance index because that will mislead us. And as my friend above suggested using that criteria the Government in the 50s was better than the one in 60s, and 70s better than 80s and so on.
So the next govt. will be worst than this in regards of commodity price hike?
My dear do you know in what basis we look at the prices? Obviously on the basis of US$ value in the world market. So, having said that, in the last govt. US$ was of 62 rupees, but now it is 90 rupees, so price of dollar has gone up to 30%, but the average commodity price has gone up to about 50% high.
Is this not the proof of an ineligible govt?
Please do love with this Nalaaiq govt. but do not fool around the people of Pakistan with complicated economic theories.
The bottom line is, a common Pakistani doen't need to know all these gimmicks, he wants basic necessities out of his regular income, that is much harder now than it was before.
Shahidburq sb !!!!!
Why the hell :13: u rated my above post pakistan flag thumbs down
Did i uttered any word against u or pakistan
or have u gone --------(yapping)
What is the point of posting same post on every thread. (only 3 threads my dear check carefully)
People could accidently do that, Don't yell.
Very informative ... you are almost right .... not some of us ...actualy none of us is mart enough to understand the confusology you presented with god knows what degree under your belt or nara . So most resepected economist , you are tryina justify economic deflation and then global deflation on food products where 90% of agriculture is owned and governed by feuds ? where 80% sugar is controlled by one political party's "QUAID" ? GO fool someone else cuz Pakistanis are too smart to confuse themselves with "wanna be" fancy words and they know that taxes on everything including edible items is controlled by this nutt case government who impose and increase such taxes to be able to afford their lavish daily living ( over a million rupees between pm house and president house daily) which was not the case untill 2007 ,also the global economy crisis didn't start in 2008 , global economy crashed in 2005 . crude oil is cheaper now than it was in 2007,2006,2005 or 2004 . When the nasty president would make personal visits in the name of official visits with state's money .... yes , WE the Pakistanis will pay for it .That is a very good point brother, to fully understand your comment people will have to understand just a little bit of basic Economics specifically Inflation which exists in every economy at some rate, there have been instances in the world where Governments had to intervene to increase the rate of inflation just to keep the economy growing at a healthy pace, please note that in Economies deflation is a much bigger problem than inflation. Having said that, high rate of inflation makes the functioning of the economy extremely difficult too, and currently food item inflation in Pakistan is over 20% and our Government Economists modestly refer to this as double digit inflation. There is a very distinct connection between MONEY SUPPLY and INFLATION, which needs to be understood.
Anyway I understand the above might sound a bit too technical to some people but I tried to simplify it as much as I could. I don't think it fair to compare Price levels of the two governments and use that as a performance index because that will mislead us. And as my friend above suggested using that criteria the Government in the 50s was better than the one in 60s, and 70s better than 80s and so on.
we are thankless people we are always looking for changes in reverse directions .
O my dear brother. Knowledge is knowledge, no one can deny it. But my concern is to deliver full knowledge not the one that suits to me. Otherwise it becomes a total gimmick, nothing else.My friend ECONOMICS is not a gimmick, KNOWLEDGE is not a gimmick, I tried to explain to my friends in the forum the concept of inflation. I do not love the government and we all have a right to disagree with their policies, but you can not be dismissive about facts.
YOUR COMMENT IS JUST WRONG, Inflation is not measured in terms of foreign currency fluctuations, FOREIGN CURRENCY fluctuations do impact the GDP but that is through Net Exports. Far as prices of basic commodities are concerned most of the food items that are part of Pakistani staple diet are produced domestically and have nothing to do with the US Dollars. US dollar was kept at 62 through extensive intervention and protectionism which makes the domestic economy inefficient, I wish you could understand that devaluing local currency makes your exports a lot more attractive to foreing customers. If I explain this further it will get too complicated for you and you will think it is a gimmick.
I am an economists and I was hoping to help my friends who are willing to educate themselves in a simplified manner I had a feeling it might get a little complicated for people like you, however, I can understand that you are just angry at the government because you want the government to fix everything but remember that uncontrolled profite taking culture exists in every capitalist economy and in Pakistan it will be a while before things settle down. My friend people like you will always be complaining about every government to come because you have chosen the way of IGNORANCE unortunately ignorance will not reduce the pain it will just help you stay angry.
I do not wish to continue with this discussion any further and I hope there are some people in this forum who will read my comments and benefit from the time I have invested in this.
Best regards,