@adil_dar
our oil imports will go down by 10 % and despite saving our that 10 % of foreign exchange, we will be giving that 10 % to "our local people" instead of giving it to "international sharks"
This is what you should have written:
We will be giving that 10% to "our local sharks" instead of giving it to the international sharks.
Be real, this is the ground reality in Pakistan.
@all
Petrol prices are different in different countries. Some pay same as us some more then us and some pay a fraction of what we pay. But it is not as simple as that. Economics don't work that simple. It’s not a question of how much you pay for the same product in different countries (economies). It’s about the buying power of the majority in a particular country (economy).
The majority of people paying one pound per liter of petrol in the UK will be earning close to a thousand pounds a month if not more, so they are paying 0.1 percent of there monthly income for one liter of petrol. 1000 pounds a month in UK is considered low income class.
Compared to that in Pakistan lets round the monthly earnings of the majority of middle class people to Rupees 25000 which is around 215 pounds a month, and lets round off the cost of petrol in Pakistan to 50 pence per liter that means that it is costing a middle class Pakistani 0.23 percent of there income which in turns translates to more then double the cost per liter as compared to what a low earner would pay in the UK.
Buying power is the name of the game. In developed countries you can afford to pay for expensive petrol because you have the buying power. In Pakistan the majority simply don’t have the buying power. Like I said economics don’t work as simple as 2 + 2=4, and it’s not as simple as paying one pound over there or 53 rupees over here for one liter.
