Wow! Statement after false statement by statesmen

The Governor of State Bank issued the monetary policy just to show that record borrowing has been done, so what’s her post for, just giving out these statements. News are full of people protesting everywhere about the state of economy and especially non availability of electricity. 

From the research I am able to do from the available data is Pakistan is that there is a very big difference in production and sale; meaning either the production processes are too flawed & inefficient or the profit margins are very high. I noticed it when it was pointed out in the media that CNG being sold to consumers at Rs 48 is supplied to the pumps at Rs 22. But when i collected data on my own it became evident this is the trend of our country. The vegetable bought from the farm at Rs. 5~10 are sold at the market at not less than Rs. 25. Government and bigwigs bought wheat at Rs 625 per 40 kilos and already the market price is Rs. 1200~1400.

So why is it so, is this phenomenon anywhere else in the world, what other countries do? Answering this question is rather easy; in civilizations there are some norms of doing business and a government to enforce it. But we are Muslims and so we have left it all to our Allah while the MNCs and hoarders fleece the people. I realize my present assignment requires me to keep mum, but enough is enough. Whenever I go out I see people unable to provide for their families.

In the power sector just convert the price of a barrel of oil into rupees to find and try imagining what is in future when the so called subsidies go and the government taxes stay. Now take one more step and calculate what is the production cost of one unit of electricity (say 1 liter produces 2 units) using this fuel. I can write it all down here but you will be more convinced when you do the math yourself.

At present a lot (cannot discuss here) is owed to the generation companies and the payment is already late meaning it will be paid with high interests. Many generators are being kept standby just because of the fuel problem while the loadshedding goes on unabated, which too is not being done properly, no schedule is announced meaning the less privileged get more of it which is immoral and illegal as for companies all the consumers should be equal. Its so sad we scream foul after the game; now media is saying Shortcut Aziz was a financial juggler when he is gone. Where were they when the future scenario was painted all rosy red?

A lot could still be done though time is running out. For starters make ration cards of fuel, every car gets 50 liters of cheaper fuel, 50 liters on standard and beyond that higher rates like you already do for electricity. The limit for motor cycles could be lower. Another decrease in demand can be achieved by advising motorists not to fill it up all the time, just get enough to get by on that particular day (the storage in vehicle tanks presently stand at 4 times the storage of oil companies manipulating costs). Similarly no CNG be put into cars that are not 5 years old, its odd that 2 million rupee car owners want subsidized fuel. Similarly domestic users of gas and electricity having bill lower than Rs. 300 may be exempted as suggested by Mr. Zaid on TV.

But I challenge the only real solution in the short term is conservation; we cannot afford to expand now. Commercial centers must close down before sunset, it is a big step but nobody wants to anger the businessmen. There business would be affected but will pickup during the day, do u really believe the people will stop buying when something is not available during the night. Our society will have to mend its ways, get up early, utilize the day hours like Europeans do. The closure of business and related activities would free up energy for industry and domestic users during the day. It would also bring down inflation. Businesses that remain open late use generators costing more than Rs.35 per unit and eventually transfer the cost to consumers. It is for the good of business too, not everyone can keep up with the rising prices and the sale would go down further unless the price hike is restricted. All this can be achieved just by adjusting to the way of Islam. Allah created daytime for work and night for rest. We will modernize, westernize or whatever the people want, and I am not against them but lets not sit idle do something.

I am no financial wizard, there are so many learned people in our country holding high posts that are paid to think and act. I want anyone reading this to counter my claims and figures; it does not matter if I am proven wrong or not totally correct. Come on do something, say something, and suggest something better.