AHMAD WAQAR

Govt is doing it's best to give relief to people.All stakeholders including petrol pump dealers should assist govt to defuse inflationary pressures.

Good days are not far.

As crude price goes down we expect PSO to buy cheaper cargoes to give relief to end user.

Petrol pump dealers to go on strike ISLAMABAD: The Petroleum Dealers Association on Sunday announced a countrywide strike on November 25 after the...

My Column today in Roznama 92.

Ten Democrat Senators have asked President Joe Biden to bring fuel prices in the US down by either using US’s Strategic Petroleum Reserves or banning oil export.

National fuel rose to $3.42 gal from $2.11 a year ago.

Pakistan should factor this development into its future fuel buying strategy.

US CPI inflation at 6.2% is the largest rise in 12 months and since November 1990. The inflation has been caused on the back of 30% annual rise in energy costs, including 50% rise in gasoline and food prices 5.3%.

Everything is linked to fuel prices. We have not been prudent in making smart contracts and opted for spot buying without acquiring appropriate hedging option.

NEPRA approves Rs2.52 per unit increase in power tariff The FCA will be charged with the bill of Nov 2021, which will be paid by all consumer categories of distribution companies

Lately, Foreign Direct Investment in Pak has not been showing encouraging numbers. It indicates two things: Domestically, we are not considered conducive to doing business. Two, internationally, our missions abroad are not engaging with foreign investors on trade and development issues.

The Asian Development Bank will give $10 billion to in fresh assistance for various projects. While we appreciate donors for their largess, we also desire that the money be put where the mouth is with a defined timeline to complete the projects. So far, most of such funds end up in the bank accounts of undeserving.

Work ethics and acquisition of appropriate skills are two essential ingredients to success. In it's stride to gain economic muscle west also embraced these two qualities. And Iqbal has also guided us to adopt them to succeed.

In this article, I have discussed how the effects of inflation can be reduced by playing the RON card.



https://tribune.com.pk/story/2328328/fuel-price-hike-time-to-play-ron

My take on how the government can play the RON card to bring fuel prices down and manage inflation.

Visit:
https://tribune.com.pk/story/2328328/fuel-price-hike-time-to-play-ron

Rs 120b relief package for 13 core individuals across Pakistan will end up giving Rs 154 every month to each identified recipient

Since the price of oil will increase further as PM has predicted in his address, this Rs 154 might go further down in value

Isn't it a bad decision?

Happy Diwali?

Crude prices going down.

I shall be interested to see how does it effect local oil prices in Pakistan.

More reduction could be on the way as Iran and the P5+1 resume talks on Joint Comprehensive Plan of Action.

Ahmad Waqar on Twitter “Crude prices going down. I shall be interested to see how does it effect local oil prices in Pakistan. More reduction could be on the way as Iran and the P5+1 resume talks on Joint Comprehensive Plan of Action. ”

Iranian foreign minister has confirmed to resume talks on its nuclear program from November 29. This will be the first time the newly elected Iranian govt will engage in talks with west.

‏میں مانتا ہوں کہ پاکستان قرضوں کے جال میں بری طرح جکڑا ہوا ہے۔ میرا یہ بھی ماننا ہے کہ ہماری افرادی قوت معاشی مواقع نہ ہونے کی وجہ سے اپنی صلاحیتیں کھو رہی ہے۔ لیکن میں یہ ہرگز ماننے کو تیار نہیں کہ ہم کم قیمت پر تیل اور گیس کی مسلسل فراہمی کو یقینی بنانے کی صلاحیت نہیں رکھتے۔

Ahmad Waqar on Twitter “میں مانتا ہوں کہ پاکستان قرضوں کے جال میں بری طرح جکڑا ہوا ہے۔ میرا یہ بھی ماننا ہے کہ ہماری افرادی قوت معاشی مواقع نہ ہونے کی وجہ سے اپنی صلاحیتیں کھو رہی ہے۔ لیکن م....

Sindh Engro Coal Mining Company's approval to expand Thar coal Block II mine to 12.2 million tonnes per annum contradicts with the government's overall climate change narrative of clean and green Pakistan.

Instead of wasting resources on coal production, it would be wise to work on alternative energy sources such as solar and wind, which are abundant in Pakistan.

Expansion of Thar coal Block II approved A spokesperson for Engro Energy says the expansion will reduce the coal price from $60 per tonne to $27 per tonne.

Lack of planning for & forecasting of domestic market's requirements have been causes behind shortage of in .

We cannot wake up one fine morning and ask int sellers to replenish our gas/LNG/LPG reserves. It does not work that way.

Scramble to meet energy shortages after suppliers default Minister meets companies’ officials to cope with shortfall.

It's now easier to send AHMAD WAQAR a message.

For past 60 years we have been trying to strengthen exports.

But it will only happen if we create business friendly environment in Pakistan and our embassies & foreign offices abroad liaise with foreign investors.

We need to treat and build Pakistan as a brand.

Strengthening exports critical for Pakistan's sustained economic growth: World Bank Strengthening exports critical for Pakistan's sustained economic growth: World Bank

Energy price will play crucial role in our sustainability in next 10 years. We would have to seriously start thinking about future consumption pattern and price trends.

Demand For LNG Is Only Going To Rise ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Pakistan's annual export to Afghanistan has fallen from $ 2b to $700m in last two years. For any improvement following actions are important

1. Infrastructure development.
2. Economic corporation.
3. Removal of non-tariff barriers.
4. Preferential trade agreement.

The future of Pak-Afghan trade With the increase in supply, Kandahari Anaar is priced at Rs100-200 per kg compared to about Rs250-300 last year.

Good that we are getting oil on deferral payment from SA and a $ 3 billion loan to facilitate our current account.

However, my questions to the government are:

1. How will this credit facility impact the life of a common man?

2. Will it enable us to bring the price of oil down?

3. When we have foreign exchange reserves at the tune of Rs 18 billion, why did we need $ 3 billion from SA?

4. What has the government done to keep the oil price down, which will increase by Rs 7 on 1st November?



https://www.dawn.com/news/1654273/saudi-govt-revives-3bn-support-to-pakistan

Saudi govt revives $3bn support to Pakistan The facility is expected to help Pakistan convince the IMF about its financing plan.

The gap is getting wider between consumption and production. As a result, oil prices will further accelerate in the next few weeks.

and private are paying millions of dollars in demurrages due to delays caused by shortage of jetties.

Govt should increase number of jetties so that oil cargoes can move out fast.

14 to 15 cargoes for a country of 220 million people is peanut.

Congestion at ports causes headache to petrol, oil shippers Oil industry says development of a new jetty ar Fauji Oil Terminal urgently required.

This is the result of three gaps:

1. Govt lacked experience in hedging against fluctuating oil prices

2. Lack of ownership that prevented proper governance of energy sector

3. Absence of planning and discipline to assess and procure sufficient energy

Another winter of energy crisis | The Express Tribune Soaring LNG prices in global market might exacerbate gas shortage this year

No doubt renewable energy is a cheap source of energy production; however, inadequate infrastructure and the forbidding installation cost have been the significant barriers to its development and expansion. Nevertheless, once these bottlenecks are overcome, we will see it growing fast.

Renewable energy potential and constraints | The Express Tribune Local investors should invest in solar, wind projects to prevent forex outflow

The IMF proposal to impose income tax on farmers will make the Kissan card scheme ineffective. It would be equivalent to giving with one hand and taking away with the other. It would make a significant dent in the net income of the farmer.

Don't we have any alternative to this proposal of the IMF? Can't we just move on from it?

Govt mulls taxing farm income on IMF demand | The Express Tribune Legal experts say move is possible without amending Constitution

High international commodity prices will have a severe impact on our future economic prospects. Therefore, we need to work on improving market indicators to ease inflationary pressures. But unfortunately, we are entangled in nonissues with no foresight about the economic landmines we are laying in our way.



https://www.dawn.com/news/1653130/crisis-looming

Crisis looming It will be a terrible mistake for the PM, his acolytes to underestimate the strength of the wave that is about to hit them.