Tag: Dr Hafeez Shaikh

  • Hafeez Sheikh claims tomatoes being sold at Rs17 per Kg

    Hafeez Sheikh claims tomatoes being sold at Rs17 per Kg

    Advisor to Prime Minister (PM) on Finance, Revenue and Economic Affairs Abdul Hafeez Sheikh has claimed that tomatoes are being sold at Rs17 per kilogramme, Pakistan Today reported.

    However, the fruit is being sold at as much as Rs320 per kilogramme in the market as reported by citizens who bought groceries from multiple locations in the city on Monday morning.

    Hafeez Sheikh also advised people to buy tomatoes only from the sabzi mandi if they did not wish to splurge on the basic food item.

    When some of the reporters present at the scene told him that tomatoes were, in fact, being sold at Rs240 per kilo, he refuted their comment, saying people were lying.

    Watch Video:

    A journalist said: “Which sabzi mandi, sir?” To which, Dr Sheikh responded: “You go and check it out yourself!”

    Another journalist added: “Is it the sabzi mandi of Islamabad that you’re talking about?”

    Immediately, then, the adviser looked directly at the camera, muttering under his breath, “oh this again,” and everyone behind him laughed.

    “That’s what is being run on the TV,” Dr Sheikh noted, to which one of the reporters said: “But on the TV, it says tomatoes are being sold for Rs240 a kilo.”

    A journalist responded with a fresh personal story: “Sir, I myself bought tomatoes for Rs300 a kilo.”

    “Oh but I am agreeing that prices of many commodities need to be controlled. Agriculture [industry] has seasonality,” the PM’s adviser explained, as someone from behind persistently tries to stop the person holding the phone from recording the video of Dr Sheikh’s comments.

    “There are storage facilities for many things, especially fresh produce, but we don’t have them in our country, so we need to come up with solutions for such problems”, the advisor added.

    Then there’s this thing that if you increase the capacity, then it’s natural that you’d predict beforehand about which things experience seasonal shortage, and, therefore, you can order it prior and store and there would be additional storage cost,” Dr Shiekh said.

    Vendors and hawkers claim that the high prices are not their fault since wholesale prices have shot up significantly.

  • Govt approves projects worth Rs250 billion for agriculture sector

    Govt approves projects worth Rs250 billion for agriculture sector

    The Pakistan Tehreek-e-Insaf (PTI) government has approved new projects worth Rs250 billion for uplifting of the country’s agriculture sector, Profit reported Friday.

    As per the details, Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh has said that the aim of these projects is to enhance crop productivity and improve the means and resources for better farming.

    “The government is fully aware of the difficulties being faced by the cotton growers and the fair prices for farmers would not only reduce their production cost but also encourage them to use more inputs and increase the crop area for enhanced productivity,” he added.

    Ways to ensure competitive cotton prices for farmers in the coming season were also discussed in the meeting attended by office-bearers of All Pakistan Textile Mills Association (APTMA), Pakistan Cotton Ginners Association (PCGA) and Kissan Ittehad.

    Contribution of the country’s major crops, including cotton, wheat, rice, maize and sugarcane, in the Gross Domestic Product (GDP) is almost 5.4 per cent.

  • ‘Govt collected Rs644bn taxes against target of Rs580bn’

    ‘Govt collected Rs644bn taxes against target of Rs580bn’

    The Pakistan Tehreek-e-Insaf (PTI) government has succeeded in collecting Rs644 billion taxes against the envisaged target of Rs580 billion, Adviser to Prime Minister (PM) on Finance and Revenue Dr Hafeez Shaikh has said.

    Addressing a press conference, Shaikh said the government is confident to surpass the growth target of 2.4 per cent set for the current fiscal year as after gaining stability on the external front during the past year, the economy is currently moving in a positive direction.

    “There has been considerable growth in exports, which grew from $2.01 billion during first two months of last year to $2.23 billion this year, while imports have declined from $5 billion to $4.1 billion, reducing overall current account deficit of the country by 7.3 per cent.”

    PM Imran Khan’s adviser also said that the overall revenue has increased from Rs509 billion during the first two months of the last year to Rs580 billion during the current year, showing a 25 per cent growth.