AIRLINK 204.00 Increased By ▲ 3.10 (1.54%)
BOP 10.05 Decreased By ▼ -0.10 (-0.99%)
CNERGY 6.92 Increased By ▲ 0.04 (0.58%)
FCCL 34.85 Increased By ▲ 0.76 (2.23%)
FFL 17.28 Increased By ▲ 0.30 (1.77%)
FLYNG 24.61 Increased By ▲ 0.57 (2.37%)
HUBC 137.49 Increased By ▲ 5.79 (4.4%)
HUMNL 13.84 Increased By ▲ 0.08 (0.58%)
KEL 4.90 Increased By ▲ 0.09 (1.87%)
KOSM 6.68 Decreased By ▼ -0.02 (-0.3%)
MLCF 44.20 Increased By ▲ 0.87 (2.01%)
OGDC 221.70 Increased By ▲ 2.95 (1.35%)
PACE 7.07 Increased By ▲ 0.09 (1.29%)
PAEL 43.00 Increased By ▲ 1.46 (3.51%)
PIAHCLA 17.12 Increased By ▲ 0.05 (0.29%)
PIBTL 8.60 Decreased By ▼ -0.05 (-0.58%)
POWER 8.99 Decreased By ▼ -0.12 (-1.32%)
PPL 190.00 Increased By ▲ 2.88 (1.54%)
PRL 43.00 Increased By ▲ 0.94 (2.23%)
PTC 25.00 Increased By ▲ 0.01 (0.04%)
SEARL 106.20 Increased By ▲ 5.90 (5.88%)
SILK 1.02 Increased By ▲ 0.01 (0.99%)
SSGC 42.75 Increased By ▲ 0.42 (0.99%)
SYM 18.35 Increased By ▲ 0.37 (2.06%)
TELE 9.17 Increased By ▲ 0.06 (0.66%)
TPLP 13.18 Increased By ▲ 0.25 (1.93%)
TRG 67.98 Decreased By ▼ -0.37 (-0.54%)
WAVESAPP 10.26 Decreased By ▼ -0.03 (-0.29%)
WTL 1.87 Increased By ▲ 0.01 (0.54%)
YOUW 4.15 Increased By ▲ 0.02 (0.48%)
BR100 12,137 Increased By 188.4 (1.58%)
BR30 37,146 Increased By 778.3 (2.14%)
KSE100 115,272 Increased By 1435.3 (1.26%)
KSE30 36,311 Increased By 549.3 (1.54%)

“This is really what sacrificing one’s political capital by taking economically extremely challenging conditions is all about!”

“What? The 1.8 trillion agricultural package?”

“That reflects the economic team leader’s perception that the general public has very little understanding of basic economics.”

“I don’t get it! Shehbaz Sharif announced it with Dar seated on his left…””

“Didn’t Dar always sit on the right of Nawaz Sharif?”

“A Biblical proverb advises not to swerve to the left or right but look straight ahead…”

“Anyway the bulk of this so-called agricultural package is loans by the commercial banking sector to, one would assume, mainly parliamentarians as the poor farmers have neither the collateral nor the capacity to fill out forms to get a loan – this happened in the past and nothing points to a change…”

“OK and Dar has also allowed the rich exporters electricity at 19.99 rupees per unit, inclusive of taxes, while you and I pay 40 rupees per unit. This will anger the general public, where votes are, this will anger the International Monetary Fund which will imply cessation of the 42 plus billion dollars in pledged roll-overs and additional external loans – money that is budgeted as the requirement for the current year…”

“And the discount rate is 15 percent while headline inflation is around 10 percent more than the discount rate which means rate of return is negative…”

“OK so what decision has been taken recently to justify the claim that the country is embarked on the road to economic sustainability?”

“For your information I wasn’t referring to Dar and his set of flawed policies but Jeremy Hunt, the Chancellor of the Exchequer, who intends to slash expenditure and raise taxes but support the truly vulnerable, not the rich…”

“Hmmmm, Dar was in the UK for five years – I wish he had enrolled in a University there to get a BA degree in economics…”

“If wishes were horses, pigs could fly.”

“But the original proverb is if wishes were horses, beggars would ride.”

“Beggars do ride in this Land of the Pure - beggars on our streets have reportedly a higher income inflow than the salaried and they don’t pay taxes either, the beggars who use influence to get subsidies/rebates/exemptions are also beggars of sorts but in Mercedes, then there…”

“Hmmmm.”

Copyright Business Recorder, 2022

Comments

Comments are closed.