collected snippets of immediate importance...


Saturday, August 7, 2010

Pakistan, Asia's third-largest wheat producer, harvested 23.80 million tonnes of wheat from the 2009/10 crop and, along with a carryover of 4.22 million tonnes, and has a stock of more than 28 million tonnes of wheat. Annual demand is around 23 million tonnes... Pakistan's poor storage capacity has been a factor in the decision to export excess wheat. Some 78,000 tonnes of the grain had been either destroyed or damaged in recent monsoon rains in Punjab

The conditions for food security are inadequate in 61 percent districts (80 out of 131districts ) of Pakistan. This is a sharp increase from 2003, when conditions for food security were inadequate in 45 percent districts (54 out of 120 districts) of Pakistan. In terms of population almost half of the population of Pakistan (48.6 percent) doesn't have access to sufficient food for active and healthy life at all times. The report comes up with substantial evidences that inter and intra provincial disparities exist in terms of food security. FATA has the highest percentage of food insecure population (67.7 percent) followed by Balochistan (61.2 percent), and Khyber Pakhtunkhwa (KPK) (56.2 percent). The lowest percentage of food insecure population (23.6 percent) is in Islamabad. Among the districts, Dera Bugti has the highest percentage of food insecure people (82.4 percent).

But the most dangerous of all is the degradation of land resources by water-logging and salinity.
In Pakistan, a total of 5.88 million hectares of land is unproductive due to these two problems. Pakistan has one of the world's largest canal-based irrigation systems. Although the importance of this irrigation system cannot be denied but everything has its disadvantages too, and in this case it is water-logging and salinity.

It is tragic that in a country where billions of rupees are made on a daily basis in speculative transactions in real estate and shares, tax-to-GDP ratio is pathetically low. The Government seems least bothered to tax undocumented economy and benami transactions. The mighty sections of society are engaged in these transactions and FBR seems to have no will to tax them...Our tax-to-GDP ratio can rise to 20pc in one year if we tax speculative dealings in real estate. This will also help in promoting construction industry as prices of land will come down and bring black economy into the tax net... FBR is levying indirect taxes and not imposing progressive taxes -- thus favouring the rich and over-burdening the poor. Indirect taxes are collected from the people but not deposited in government treasury -- courtesy unholy alliance between tax machinery and business community.

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