Decision to limit govt role in wheat procurement hailed DNA
Pakistan Economy Watch (PEW) on Sunday lauded the government’s decision to curtail its role in wheat procurement to allow the private sector to play a bigger part. The World Bank has suggested reducing the public sector’s role in wheat procurement to maintain strategic reserves – which has prompted to reduce procurement target from 4.2 million tonnes to 3.5 million tonnes – which is a step in the right direction, it said. The government has planned to reduce annual grain procurement to one million tonnes and leave rest to the private sector which will stabilise prices, improve supply and reduce the financial burden on the exchequer, said Dr Murtaza Mughal, President PEW. The government is also working on a project to provide targeted subsidy to the poor in case of hike in flour prices which is a laudable decision. He said that the involvement of the government departments in wheat procurement has
Good budget presented despite IMF hanging sword
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ٹینڈر جیتنے والی دونوں ملٹی نیشنل کمپنیوں نے پاکستان کو گیس دینے سے معذرت کر لی
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Rectifying the 18th Amendment
December 23, 2020
In theory, the 18th amendment sounds progressive, almost revolutionary. However, instead of being revolutionary it has proven to be retrogressive. It has impeded economic and political growth and perhaps even societal evolution. We forgot that the whole idea of running societies efficiently, which is good governance can be thwarted by senseless devolution. There is nothing wrong with devolution, but if it is not organized and structured, it can bring a country’s economy to its knees. One just has to remember that over devolution led to the disintegration of the Yugoslav state. In Pakistan, before it goes too far, we should try and correct the process. The evidence indicates that the 18th Amendment has created more problems than it has solved. It has exposed the provincial governments’ lack of clarity and competence.