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ISLAMABAD: Exactly around the upcoming general elections in the country, the price of roti will be increased by two to three rupees, going up from five rupees each to eight rupees in coming May, when wheat production will come into the market, official sources report.
The decision making in the Economic Coordination Committee (ECC) had compromised the rationale of economics, said official sources. “Deputy Chairman Planning Commission Dr Nadeem Ul Haq, who is known for adopting the free market economy approach by abolishing support price mechanism, preferred not to attend the ECC meeting, knowing that the decision of support price as well as reducing the age limit of imported used cars would be taken there,” said sources in the Cabinet. Haq was not available for comments.
“There is need to see how many times this regime changed import policy of used cars. Strong vested interests were involved in providing benefits to industrialists at the cost of consumers,” said the official source.
The Rs150 increase in support price, up from Rs1,050 to Rs1,200 per 40kg, will help big landlords pocketing Rs90 billion in the coming season at the cost of citizens residing in urban areas.
“The price of wheat flour will be increased from Rs30 to Rs33 per kg to over Rs42 per kg after harvesting of coming wheat so there will be no other choice but to increase the price of roti in the domestic markets,” added the sources.
Economist Amartya Kumar Sen, who won the Nobel Prize in 1998, once said that farm support price is nothing but implicit mass murder of small farmers. The existing government has increased the prices of basic necessities by 182 percent in the last four and a half years.
Eighty-eight percent of small farmers own less than 12.5 acres of land in the country. They grow wheat for their own consumption and big farmers sell surplus wheat to the government and other private sector players.
The big farmers will be the major beneficiaries of increased support price as they will pocket Rs90 billion at a time. Their income is exempt from income tax under the law of the land.
Wheat serves as a benchmark for other food prices. When the price of wheat goes up, it causes a surge in the prices of all other food items. Dean Nust Business School (NBS), Dr Ashfaque Hassan Khan, termed this another cash transfer to the feudal population as the regime was doling out cash transfers through the BISP mechanism.
The decision making in the Economic Coordination Committee (ECC) had compromised the rationale of economics, said official sources. “Deputy Chairman Planning Commission Dr Nadeem Ul Haq, who is known for adopting the free market economy approach by abolishing support price mechanism, preferred not to attend the ECC meeting, knowing that the decision of support price as well as reducing the age limit of imported used cars would be taken there,” said sources in the Cabinet. Haq was not available for comments.
“There is need to see how many times this regime changed import policy of used cars. Strong vested interests were involved in providing benefits to industrialists at the cost of consumers,” said the official source.
The Rs150 increase in support price, up from Rs1,050 to Rs1,200 per 40kg, will help big landlords pocketing Rs90 billion in the coming season at the cost of citizens residing in urban areas.
“The price of wheat flour will be increased from Rs30 to Rs33 per kg to over Rs42 per kg after harvesting of coming wheat so there will be no other choice but to increase the price of roti in the domestic markets,” added the sources.
Economist Amartya Kumar Sen, who won the Nobel Prize in 1998, once said that farm support price is nothing but implicit mass murder of small farmers. The existing government has increased the prices of basic necessities by 182 percent in the last four and a half years.
Eighty-eight percent of small farmers own less than 12.5 acres of land in the country. They grow wheat for their own consumption and big farmers sell surplus wheat to the government and other private sector players.
The big farmers will be the major beneficiaries of increased support price as they will pocket Rs90 billion at a time. Their income is exempt from income tax under the law of the land.
Wheat serves as a benchmark for other food prices. When the price of wheat goes up, it causes a surge in the prices of all other food items. Dean Nust Business School (NBS), Dr Ashfaque Hassan Khan, termed this another cash transfer to the feudal population as the regime was doling out cash transfers through the BISP mechanism.
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