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Dawn Editorials and Opinions 23 June 2022
Dawn Editorials and Opinions 23 June 2022
dawn.com/news/1696279/afghanistan-quake
Opinion
Budget debate - Newspaper - DAWN.COM
dawn.com/news/1696280/budget-debate
Opinion
Cake, naan and fruit
dawn.com/news/1696285/cake-naan-and-fruit
The fact that I have chosen the example of cake over fruit
indicates my own preference for the former. A poor (or a low-
income) person would have thought about a more useful relative
price; the real price of a Rs1,400 cake is 93 tandoori naans (at
Rs15 per naan.) Do we ever think about this comparison when
we buy a cake? Perhaps not. But economists base their analysis
on relative prices or opportunity costs. We often lament the
inadequacy of investment in our fruit sector. One reason (among
many others) of this inadequacy is that relative prices of fruit are
lower compared to the relative prices of cakes. If we all start
preferring fruit over cakes, fruit prices will rise and
consequently attract more investment. Fruit here is just an
example. It could be any sector of our economy.
Some may object to this analysis saying that it will cause fruit
inflation, and poor people will not be able to afford it. But if the
income of the poor rises in this process (an increase in the
relative price of fruit, and more investment, leading to more
employment and income) fruit will become affordable. Hence,
economic policies that are directed towards keeping prices at
lower than market rates are inferior to policies that promote
income, investment and savings. Should we always look towards
the government to increase the income of the poor? Many a time,
we can do this ourselves with simple changes in our behaviour
and preferences. For example, if we stop the unnecessary
haggling with the pushcart fruit-seller, it will raise his income. By
not haggling, and trusting the fruit-seller regarding the price of
his ware, we may lose Rs10 or Rs20. It will not mean much to us
but add a meaningful amount to his income in a month.
We seldom think of a tandoor as an enterprise where naans are baked.
rriazuddin@gmail.com
Crisis slide - Newspaper - DAWN.COM
dawn.com/news/1696284/crisis-slide
aisha@csccc.org.pk
On its part, the IMF has stepped back from its demand to impose
a petroleum levy of Rs30 a litre in one go and has foregone 10.7pc
sales tax on petrol and diesel. Once the ‘prior actions’ are
executed through changes in the proposed budget, and monetary
targets finalised with the State Bank, the staff-level agreement
will be approved by the IMF and the nearly $1bn stuck-up
tranche released. Pakistani authorities hope the Fund will
increase the size of the bailout package to $8bn and extend its
duration to June 2023.
Opinion
Until the end - Newspaper
dawn.com/news/1696283/until-the-end
From 1936, when Queen Mary knew that her eldest son Edward’s
decision to abdicate was irreversible, she applied her prodigious
energies to support her second son, now King-Emperor George
VI. Of paramount importance to her was the continuity of the
monarchy.
She has outlived her critics — Lord Altrincham, who derided her
style of speaking as “a pain in the neck”, and the playwright John
Osborne, who described the monarchy as “a gold filling in a
mouth of cavities”.
Sportingly, she played her part in a James Bond spoof for the
Olympic Games 2012, and had tea and a marmalade sandwich
with Paddington the Bear to mark her Platinum Jubilee
festivities. She will never, though, make a guest appearance on
the television series The Crown.
Although 96 years old and frail, she will never abdicate. Forced
into incapacity, she might appoint Prince Charles as Regent, but
she is determined to reign as long as she can. She has the
example of her grandmother Queen Mary before her.
www.fsaijazuddin.pk
From 1936, when Queen Mary knew that her eldest son Edward’s
decision to abdicate was irreversible, she applied her prodigious
energies to support her second son, now King-Emperor George
VI. Of paramount importance to her was the continuity of the
monarchy.
She has outlived her critics — Lord Altrincham, who derided her
style of speaking as “a pain in the neck”, and the playwright John
Osborne, who described the monarchy as “a gold filling in a
mouth of cavities”.
Sportingly, she played her part in a James Bond spoof for the
Olympic Games 2012, and had tea and a marmalade sandwich
with Paddington the Bear to mark her Platinum Jubilee
festivities. She will never, though, make a guest appearance on
the television series The Crown.
Although 96 years old and frail, she will never abdicate. Forced
into incapacity, she might appoint Prince Charles as Regent, but
she is determined to reign as long as she can. She has the
example of her grandmother Queen Mary before her.
www.fsaijazuddin.pk