Price Hike Presentation
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Government of the Punjab Government of the Punjab
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Transcript of Price Hike Presentation
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PRICE HIKE OF FOOD ITEMS AND ROLE OF PRICE HIKE OF FOOD ITEMS AND ROLE OF GOVERNMMNET INSTITUTIONSGOVERNMMNET INSTITUTIONS
BY BY MUHAMMAD RIAZ-UD-DIN.MUHAMMAD RIAZ-UD-DIN.
SECTION OFFICER (O&M), IRRIGATION & POWER DEPARTMENT
March 22, 2011.
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Food Price Hike in the Global Prospective
The new global food price spiral witnessed during the last decade has many prime movers. These include general global inflation
Rising food prices have driven an estimated 44 million people into poverty in developing countries since last June
Global food prices are rising to dangerous levels and threaten tens of millions of poor people around the world, as per statement of The World Bank Group President
The price hike is already pushing millions of people into poverty, and putting stress on the most helpless, who spend more than half of their income on food.
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Food Price Hike in PakistanFood Price Hike in Pakistan
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Prices of essential food items rose by 53.86% in Pakistan as flood caused to damage to agriculture sector and disrupted food supplies during the first quarter i.e. July to September of the fiscal year 2010 by media reports. According to the report of SBP food price hike increased 30% last year in Pakistan.
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Reasons of Price hike in Pakistan
1. Political instability and lack of public welfare policies
2. Failure of family planning and increase rate of population i.e. 1.9%
3. Unbalanced demand and supply of food items
4. The effects of international price hike in food items in Pakistan
5. The crises of power shortage
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Reasons of Price hike in Pakistan
6. Low Foreign investment
7. To high oil prices day by day.
8. low agriculture yield due to heavy cost of production (seeds, pesticides, water and fertilizers)
9. Unavailability of small loans to small farmers,
10. Poor governance in managing the food and to stop its smuggling to Afghanistan
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Reasons of Price hike in Pakistan
11. Big share of ‘Middle Man’
12. Poor tax system / lower Tax collectionUneducated farmers
13. High Defense budget (40% of National Budget)
14. Disregard to Islamic teachings on trade (Profiteering )
15. Hoarding of food products
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Reasons of Price hike in Pakistan
16. Lack of morality
17. Unwarranted export of food items
18. Malpractices by high ups for personal gains
20. Devolution of Pak Rupee increases prices of imported items
21. Shift of land utilization of food crops to cash crops
22. Lack of administrative control and inefficiency of magistracy system
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Role of Government Institutions
In response to the recent unprecedented price hike, the GOP undertook immediate inclusive policy and trade related measures to keep food prices from further expanding and to provide wheat at affordable prices. In addition, the GOP plans to launch various social protection instruments to bail out for poor people from the adverse impacts of price hikes which are following;
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Role of Government Institutions
1. Cash transfer through Baitul Mal Scheme
2. Cash transfer through Zakat and Ushr Scheme
3. Cash transfer through Benazir Income Support Card
4. Utility stores
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Role of Government Institutions
The Government of Punjab introduced the following for the same
1. Sundy Sasta Bazar,
2. Sasti Roti Scheme,
3. Mechanical tandoor ,
4. Awami duster khwan
5. Ramzan Bazar
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Suggestions on Price hikeSuggestions on Price hike
1. Maintenance, modernization and expansion of key rural infrastructure spanning water, roads and electricity are in urgent need of policy and institutional reforms.Canal Irrigation system may be developed
2. The growing area of food crops should be increased
3. Accelerating the growth of small and medium farms where there is considerable potential for increasing yield per acre and employment generation
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Suggestions on Price hikeSuggestions on Price hike
4. Accelerating the growth of small and medium farms where there is considerable potential for increasing yield per acre and employment generation
5. The trade among neighbor countries may be enhanced
6. Useless economic policies may be changed
7. All indirect taxes included petroleum products may be abolished
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Suggestions on Price hikeSuggestions on Price hike
8. High rate of taxes and duties may be reduced.
9. New dams specially Kala Bagh Dam may be constructed.
10. The seeds, fertilizers agricultural machinery and water may be provided to the farmers on subsidy basis.
11. The role of Govt. institutions e.g. Price control committees, Union councils, District Govt. and Food department may be active.
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THANKSTHANKS
