thank you shaukat aziz

Re: thank you shaukat aziz

If you do not read my post and claim the way you did than I can only say that … … :hmmm:… I better should not :slight_smile: …

Anyhow … I have mentioned in many of my post that during last 8 years, wages have gone up by at least 350 percent and prices have gone up by 60 percent. That means:

Anyone earning Rs 2000 in 1999 is earning at least Rs 7000 today.

On other hand, basket of goods that use to cost Rs 2000 in 1999 is now costing Rs 3200.

That means average Pakistanis on most jobs are twice better off today in real terms than what they were in 1999.

As for queing for atta to save Rs 100 … well, I know that for you it may not matter that much, but for those at low wages … and for whom government has opened up utility stores, who might have 8 to 10 people in household, using 60 to 80 Kg of flour a month (as on average, one Kg of atta may feed 4 people in one day), ceratainly saving Rs 300 to Rs 400 a month on Atta is good saving … and for that they are willing to que (4 times a month if they have to).

Ideally it should not be long queue but unfortunately atta prices in open market has gone up too high, else it should be nominal difference in price between open market and utility stores. Reason is that, atta in world market has gone up too high … around Rs 30 a Kg (I believe that 20 Kg bag going for Rs 550 to Rs 600 in Afghanistan … against Rs 440 to Rs 460 in Pakistan … against government want utility store to sell at less than Rs 350).

For detail inflaton figures and how inflation is calculated in Pakistan: Please find my other post. ‘Risk to economy growing … State Bank’ … Here is link for your convenience:

http://www.paklinks.com/gs/showpost.php?p=5590657&postcount=26