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Whatever it takes February 23, 2021 Recent agriculture data is concerning enough to send chills up one s spine. The food import bill is up a massive 52 percent for July 2020 to January 2021, compared to the same period last year. It presents a formidable amount of $4.64 billion in just seven months. Spending on import of cotton has increased by a whopping 266 percent to $0.7 billion in the same period. On the other hand, export earnings of basmati rice have fallen by more than 31 percent to just $0.3 billion. On the domestic front, the Sensitive Price Index (SPI) has risen in the range of 0.32 percent to 0.81 percent, week on week, for the last five weeks in a row to February 18, 2021. On a yearly basis, the SPI has increased by 9.92 percent. The SPI is a reasonably good measure of the change in the cost of a fixed basket of goods and services purchased by a household. ....
NFC Award and K-P woes The realisation of the goals set in the budget depends upon the timely release of those revenues The writer is a practising lawyer. He holds PHD in Political Science and heads a think-tank ‘Good Governance Forum’. He can be reached at [email protected] Societies and states provide mechanisms for resolution of conflicts. Modern states perform such functions through institutions, as defined in the Constitution. Similarly, under Article 160 of the Constitution of Pakistan, the National Finance Commission (NFC) also devises a mechanism for distribution of revenues. The realisation of the goals set in the budget depends upon the timely release of those revenues. ....