This oil crisis inquiry report once public is going to irk quite a few. Although, this will point towards incompetence of authorities, you can't take the credit away from the PM.
What do the authorities do? Mum.
You decide.
Example: Puma Energy is allowed (based on storage) 70 outlets. It operates how many? 600!
They get away with minimal fines. How much? Rs 100,000 for each excess outlet.
Who writes these jokes?
They showed delivery to Lower Dir in lockdown days when tourism was standstill. Made millions in lieu of IFEM.
This is just one example. There are plenty more.
Several instances where the last 4 days supply of June (when the prices were revised) matched or exceeded the first 26 days supply to petrol pumps by OMCs.
Do your math guys
Do more math.
The impact of hoarding by keeping the vessel at sea amounts to Rs2 billion.
Forget sugar and wheat - the real mafia is the oil lot. From the regulator to the players. Sickening to the core.
Fine imposed for regularization of 753 retail outlets? PKR 138 million.
OCAC meanwhile, assumes no responsibility for the authenticity or verification of the same data.
Cool?
It takes all decisions from data collection to deciding IFEM rates across the country, to berthing management. It represents Pakistan's biggest industry - yes bigger than power, gas or even textile.
Cooler?
This points to rampant HSD smuggling in the country, of which only a miniscule has been spotted & countered.
It does not stop there, it then gets transported across all provinces, with varying degree of transportation premiums.
A penalty of Rs65 million in FIVE years, where the product should ideally have been confiscated. The incentive to adulterate is right there in these petty penalties.
More from Economy
The International Monetary Fund (IMF) is analyzing damage due to COVID and projecting further severe consequences if current policies persist. They state “despite involving short term economic costs, lockdowns may lead to faster economic recovery by containing the virus”
1/
Note: This report doesn’t do a dynamic analysis that makes things much clearer, but it does a thoughtful statistical analysis based upon increasingly available data.
https://t.co/5Xmt8y7lCL
A few more quotes:
2/
“The analysis also finds that lockdowns are powerful instruments to reduce infections, especially when they are introduced early in a country’s epidemic and when they are sufficiently stringent.”
3/
“lockdowns become progressively more effective in reducing COVID-19 cases when they become sufficiently stringent. Mild lockdowns appear instead ineffective at curbing infections.”
4/
“The results suggest that to achieve a given reduction in infections, policymakers may want to opt for stringent lockdowns over a shorter period rather than prolonged mild lockdowns...
5/
1/
Note: This report doesn’t do a dynamic analysis that makes things much clearer, but it does a thoughtful statistical analysis based upon increasingly available data.
https://t.co/5Xmt8y7lCL
A few more quotes:
2/
“The analysis also finds that lockdowns are powerful instruments to reduce infections, especially when they are introduced early in a country’s epidemic and when they are sufficiently stringent.”
3/
“lockdowns become progressively more effective in reducing COVID-19 cases when they become sufficiently stringent. Mild lockdowns appear instead ineffective at curbing infections.”
4/
“The results suggest that to achieve a given reduction in infections, policymakers may want to opt for stringent lockdowns over a shorter period rather than prolonged mild lockdowns...
5/
In this paper, we study vote choices of voters who are left-wing on economic issues and authoritarian/nationalist on cultural issues, especially immigration. For these voters, there is no often party combining positions in this way.
In the data from the Campaign Panel of the German Election Study 2017, many voters prefer higher social benefits and taxes and want to restrict immigration. @ches_data show that no party bundles issue positions in this way.
In the article, we show that many such “left-authoritarians” perceive the party they voted for to also hold a left-authoritarian position. Interestingly, this includes many AfD voters who report a perceived left-wing economic position of the party.
Our statistical models study the interplay between this (mis-)perceived congruence and issue importance, using an open-ended question on the most important political problem in Germany.
We find that (mis-)perceived congruence and issue importance interactively shape the left-authoritarian vote. Simply, perceived congruence matters more on an important issue—and issue salience matters most if voters accurately perceive incongruent party supply.
Vol 70 Apr | '#Vote choices of left-#authoritarians: Misperceived congruence and issue #salience' by @NilsSteiner and Sven Hillen is now available @ches_data @german_gles #Germany https://t.co/pmCoP5t7CL pic.twitter.com/Vl8rCahcZL
— Electoral Studies (@ElectoralStdies) January 30, 2021
In the data from the Campaign Panel of the German Election Study 2017, many voters prefer higher social benefits and taxes and want to restrict immigration. @ches_data show that no party bundles issue positions in this way.
In the article, we show that many such “left-authoritarians” perceive the party they voted for to also hold a left-authoritarian position. Interestingly, this includes many AfD voters who report a perceived left-wing economic position of the party.
Our statistical models study the interplay between this (mis-)perceived congruence and issue importance, using an open-ended question on the most important political problem in Germany.
We find that (mis-)perceived congruence and issue importance interactively shape the left-authoritarian vote. Simply, perceived congruence matters more on an important issue—and issue salience matters most if voters accurately perceive incongruent party supply.
1/OK, let's take a little break from Coup Twitter, and think about an economic issue:
How can we build up the wealth of the middle class?
2/The typical American has surprisingly little wealth compared to the typical resident of many other developed countries.
This is a fact that is not widely known or appreciated.
3/Now, some people argue that stuff like Social Security or social insurance programs should be included in wealth. But I chose to focus on private wealth because I think having assets you can sell whenever you want is important to
4/For many decades after World War 2, middle-class wealth in America was on a smooth upward trajectory.
Then the housing crash came, and all that changed. Suddenly the rich were still doing well but everyone else was seeing the end of their American Dream.
5/Why the divergence?
Because the American middle class has its wealth in houses -- specifically, in the houses they live in.
It's the rich who own stocks.
How can we build up the wealth of the middle class?
2/The typical American has surprisingly little wealth compared to the typical resident of many other developed countries.
This is a fact that is not widely known or appreciated.
3/Now, some people argue that stuff like Social Security or social insurance programs should be included in wealth. But I chose to focus on private wealth because I think having assets you can sell whenever you want is important to
Yes, these numbers don't include things like Social Security, just privately held wealth. They're not an attempt to capitalize every possible future income stream.
— Noahtogolpe \U0001f407 (@Noahpinion) January 10, 2021
4/For many decades after World War 2, middle-class wealth in America was on a smooth upward trajectory.
Then the housing crash came, and all that changed. Suddenly the rich were still doing well but everyone else was seeing the end of their American Dream.
5/Why the divergence?
Because the American middle class has its wealth in houses -- specifically, in the houses they live in.
It's the rich who own stocks.
