AAhmad

ability to learn ,unlearn and relearn is a super power.

[farrukh saleem @SaleemFarrukh]

1. PSO buys the oil.
2. PSO declares the price.
3. No one checks.
4. No one audits.
5. No one verifies.
6. OGRA takes its word for it.
7. PSO makes Rs38 billion.
8. Attock Petroleum makes Rs14 billion.
9. PRL makes Rs10 billion.
10. NRL makes Rs7 billion.
11. Govt makes Rs1.4 trillion.
12. 240 million finance it all.

Who decides what you pay at the pump?

Every minister, adviser and spokesperson will tell you the same thing: Pakistan’s petrol price is based on a rolling Platts/Oilgram average -- an objective international benchmark. Transparent. Scientific. Beyond manipulation. Not true.

Pakistan’s petrol pricing formula has a secret. Ministers won’t mention it. Spokespersons may not know it. And Ogra’s weekly notifications are carefully designed to obscure it. The rolling Platts/Oilgram average -- that objective international benchmark they keep citing -- is not what actually determines what you pay at the pump.

Every minister, adviser and spokesperson will tell you petrol prices in Pakistan are set by an objective international benchmark -- the Platts/Oilgram rolling average. Verifiable. Beyond politics. They are telling you half the story. The other half costs you Rs350 billion a year.

Here is the math: 123 million barrels imported per year. An average of $10 per barrel overpaid. Converted at today’s exchange rate. Rs 350 billion. Every year. Gone. Here is the whole truth: The primary input into Pakistan’s petrol pricing formula is not Platts. Not an independent benchmark. Not a global average. It is a government-owned oil marketing company’s (OMC) own declared import price. The Platts/Oilgram average only kicks in when the OMC’s price is unavailable. That price is almost never unavailable. The reality: The OMC is Pakistan’s largest oil importer. Its declared purchase price is the primary input into the national petrol pricing formula. It is a state-owned company whose profits flow directly to the government that sets the petroleum levy. It just posted a 149 per cent jump in profits.

Cold truth: The referee is also the player. The player is also the scorekeeper. And the scorekeeper works for a government that collected Rs 2.725 trillion in the petroleum levy in just two years -- more than the combined value of both IMF loan programmes. Next year’s target: Rs 1.727 trillion. The year after: Rs 1.915 trillion. By 2031: Rs 2.637 trillion.

Red alert: This is not a pricing formula. It is an extraction machine. And the OMC, whose declared purchase price feeds that formula, posted a profit of Rs38 billion up from Rs15 billion last year.

Think about what this means. The OMC buys the oil. It declares what it paid. That declared price becomes your pump price. Its profits then flow to the government that sets the levy on top of that price. There is no independent check at any stage. No outside auditor. No verification of its declared import cost.

Look closer: The formula is not broken. It is working exactly as designed -- for the oil companies, for the government. For everyone except the 240 million who pay for https://t.co/tzp6VoHTKQ alert: The cost of this arrangement: Rs350 billion a year -- Rs10,000 out of every Pakistani family’s pocket, every year, for a formula that was never what they said it was.

Here is the current arrangement. The OMC buys the oil. It declares the price. No one checks. No one audits. No one verifies. Ogra takes its word for it. The pump price follows. The oil companies pocket the difference -- PSO Rs38 billion, Attock Petroleum Rs14 billion, PRL Rs10 billion and NRL Rs7 billion. And every minister, adviser and spokesperson goes on television and says: the price is based on a transparent international formula.
https://t.co/UYrkyx5Ple

[AAhmad @AAshfaq101]

@DsdDte All are good

[AAhmad @AAshfaq101]

@ZehraFarooq • Inequality and opacity: Selective tretment, discretion and inconsistent enforcement undermine trust.

• Complex tax laws: Complexity incr compliance costs and uncertainty, creating option for evasion.

• Limited awareness and guidance reduce voluntary compliance.

[AAhmad @AAshfaq101]

@Rashidlangrial Corruption is a byproduct of inefficiency and we are ranked among top

[AAhmad @AAshfaq101]

@Rashidlangrial Great diagnosis by the current system we have become below average action at all levels

[AAhmad @AAshfaq101]

@akmalkhan There has been a bulk of chines rapidly investing Ito batteries assembly in Pakistan, nothing can change this inept regulation, next is smart grids localised so no need to worry about grids. All Discos are Pak Steel

[Malik Ahmad Jalal @AhmadJalal_1]

I just checked and @LifeAtLUMS average cost of a 4 year undergraduate program is average PKR 6M.

What is the top 25percentile salary of a fresh LUMS graduate? If it’s PKR 200K per month, then payback is 30 months.

If 50percentile salary is PKR 125K, then payback is 48 months.

Not a good ROI / payback for LUMS graduate.

Non sensical to join LUMS for a local job… only makes sense if you get a job in Dubai or Riyadh!

Higher Education cost-benefit is getting ugly.

[AAhmad @AAshfaq101]

@AliKhizar Should not be a protective regimes for anyone in some sectors instead open competition on price and quality

[AAhmad @AAshfaq101]

@omar_quraishi @kpra_official

[AAhmad @AAshfaq101]

@SanaullahDawn What about motorways speed limit

[Ahmad Hassan Bobak @ahmad__bobak]

قائد اعظم کے پاکستان پر قبضہ ہو چکا ہے
عوام بس لٹنے کے لیے رہ گئی ہے

[AAhmad @AAshfaq101]

@juttji33 Can’t as Japan requires VHT Process

[AAhmad @AAshfaq101]

@RShahzaddk @shabbar Zaidi say Punjab failed

[AAhmad @AAshfaq101]

@Saba5670 Not Safaid Chaunsa but SB Chaunsa

[AAhmad @AAshfaq101]

@asadnasir2000 From Khairpur the land of dates, entrepreneurial opportunities, export possibilities why not government institutions and banks come up for creating ecosystem instead

[AAhmad @AAshfaq101]

@Huk06 What is update on this project

[AAhmad @AAshfaq101]

@KhaqanNajeeb Do away with tariff based economy

[AAhmad @AAshfaq101]

@asadnasir2000 For saving 200 on a full tank people spending fuel in waiting Wah o Pakistani Qaim

[AAhmad @AAshfaq101]

@jaffri_ibrahim @SaadSultanSial This now has been a routine and a conspiracy against Pakistan talented students

[farrukh saleem @SaleemFarrukh]

Islamabad Financial Center:
1. Come to Pakistan
2. Live in Pakistan
3. Spend in Pakistan
4. Manage from Pakistan
5. Pakistan will tax only what you earn here
6. Bring your capital to Islamabad
7. Bring your life to Islamabad
8. Zero tax on foreign income
9. 5% tax on regional HQ income
10. 1% inheritance tax
11. No wealth tax
12. No capital gains tax
13. Full repatriation rights
14. Dollar accounts protected by law
https://t.co/2HXiPsomEk