Tag Archives: price

PM can’t handle rising commodity prices: Early | Instant News

ISLAMABAD: Pakistan People’s Party (PPP) chairman Bilawal Bhutto Zardari slammed the PTI government for its record inflation rate.

“Imran Khan’s government has launched an inflation storm and adding to the insult to injury there appears to be no intention of lowering inflation and easing the burden on the working class. How can a country survive economically when it imports sugar and flour while producing large quantities of wheat and sugarcane? “He questioned in a statement on Tuesday. Bilawal promised that when the PPP forms a government in the federation, it will issue Mazdoor Benazir Cards to workers across the country.

“The puppet prime minister cannot handle the rising prices of basic commodities such as potatoes, onions and tomatoes, while the prices of oil, ghee, sugar, flour, nuts, fruits, vegetables and meat have also soared,” he said.

The PPP chairman said that although the annual rate had reached 14.1 percent, according to the WPI, the inflation rate had reached 16.6 percent while according to the SPI, the domestic inflation rate had reached 21.3 percent. He said the poor Dastarkhwan in the holy month of Ramadan show Imran Khan’s incompetence. “People have been pressed to the dry trying to survive the unbearable inflation under the elected government, while Imran Khan’s government insists on listening to nothing but smacking praise for the puppet prime minister,” he said, adding that the Sindh government was trying to heal the wound. inequality with issuing the Benazir Mazdoor Card in days of soaring inflation.

“History will witness that when Imran Khan wreaks havoc through increasing inflation, poverty and unemployment, PPP uses innovative ideas to provide assistance to ordinary people through the limited resources available to it,” he said.


image source

Italy: The land of the forgotten property bonanza | Instant News

The colorful houses in Positano, a village on Italy’s southeastern Amalfi coast, are usually a draw for foreign tourists, but not in July 2020, when this photo was taken.


Sell ​​Toronto, buy Tuscany. Or Sicily or Lombardy or Puglia or anywhere else in Italy.

Over the past 20 years, house prices have soared in much of the Western world, especially in Canada, but have barely moved in Italy, according to official data. They rose slightly last year, even as COVID-19 hit the country, but were flat for five years and fell by more than 10.

Many foreigners dream of owning property in Italy. Given the high – even outrageous – prices in cities like Toronto, where homes in the desired area routinely cost hundreds of thousands of dollars over the asking price, selling high in Canada and buying low in Italy is sure to tempt many Italians.

The story continues under the ad

The problem with the ‘bubble’: Why Canada’s sizzling housing market is against the boom

What did the $ 700K buy all over Canada? Properties priced (or thereabouts) the national average, coast to coast

Many Canadians leave cities for smaller settings, but the beautiful life doesn’t always go smoothly

Just don’t expect to make any money on your Italian investment. The dire economic and demographic forces working against the state suggest that a near-term property turnover seems unlikely even though Italian banks are now offering mortgages at 1 percent, or less.

Italy has been in an almost permanent recession since the 2008-09 financial crisis GDP shrank 9 percent in 2020, after becoming the first country in the world to enter into a full lockdown.

Meanwhile, Italy’s fertility rate is one of the lowest in the world, at 1.3 children per woman. In 2019, the number of registered deaths was 647,000, 54 percent greater than the number of births. In the year of 2020’s fatal pandemic, the gap is widening. The result is an overall population decline of nearly 400,000, the equivalent of a city the size of Florence, partly due to emigration as young people seek employment opportunities abroad. Only the largest cities – Rome (population 4.3 million), Milan, Naples, and Turin Palermo – barely survived.

OECD data show Canada has become the hottest property market in the world, and Italy the coldest. In Canada, real (inflation-adjusted) house prices increased 168.4 percent in the 20 years to last year. In Italy, the figure is only 7.3 percent. The next closest rival at the bottom is Germany, with a 30.8 percent gain.

ISTAT, Italy’s statistical agency, reported that house prices rose 1.9 percent in 2020 – a particularly strong figure given the country’s poor performance – but down 15 percent since 2010.

Housing markets in other major European economies fared much better, according to Eurostat, the European Union’s statistical agency. In Germany, prices are up 9.5 percent in 2020; in France 5.9 percent; and in Spain 2.8 percent. Figures for the UK for 2020 are not available, but all indications suggest that a post-Brexit buying frenzy is on the way, with house prices hitting a record. in April when the tax breaks on purchases and the lowest interest rates worked wonders. Homes outside London are increasing at the fastest pace as remote work takes off.

In general, prices for urban and rural property in Italy are very low by Canadian big city standards. They may retaliate lower, at least in tourism-dependent cities, as an abundance of vacant Airbnb properties pushed into the rental and sales market. Foreign tourist arrivals fell 60 percent in 2020, said the World Travel & Tourism Council, pushing many Airbnb owners into financial trouble.

The story continues under the ad

The Demographia 2021 International Housing Affordability Report shows a number of metropolitan cities are deteriorating, with Canada now holding two of the top five rankings. We compare what your money buys in Canada, and how far abroad.

Roma property agent Alessandra Puglisi, whose family runs the Re / Max Prodigy agency in the city’s historic center, said high-end properties are maintaining their value, even rising, but the mid-market is under pressure. “Anyone who has to sell faces a lower price,” he told me.

Luxury properties in Rome seem like a bargain by international standards – all the more so given the relatively low cost of condos and property taxes.

Ms. Puglisi showed me a preliminary list of new three-story villas, which cover 500 square meters (nearly 5,400 square feet) next to Villa Doria Pamphilj, Rome’s largest park, just outside the city center. It comes with a swimming pool, Turkish bath, large terraced garden, three fireplaces, solar panels, floor heating and a standby power generator.

The expected price is around 2.7 million euros, or $ 4-million. An equivalent property in London, Paris or Berlin might do to be 50 percent higher

Non-millionaire bargain hunters have plenty of options if they are looking for rural Italy property, due to depopulation. Cities and villages are pretty much everywhere, but especially in Mezzogiorno, the southern part of Italy (starting roughly from Rome), can become a quarter to half empty. In 2016, the Italian environmental group Legambiente said that around 2,500 villages across Italy were threatened with extinction.

Lots of dilapidated little gems from the Middle Ages, Renaissance or Baroque that the mayor solicits for buyers. “The prices for some of the beautiful villas are very low compared to the US,” said Brook Edinger, an American friend of mine who has lived in Rome for three years.

The main square of the medieval hill town of Montepulciano in Tuscany.

MIGUEL MEDINA / AFP via Getty Images

Multiple cities and regions attract all stops. Dozens of cities have joined the “Case a 1 euro” initiative – homes for 1 euro -, in which vacant or abandoned property is awarded for the price of a cappuccino as long as the new owners agree to renovate the premises, generating local work, within a few years. Some city councils offer renovation grants worth thousands of euros.

Extreme variations of this concept have seen the Molise region, a region of high unemployment in south-central Italy stretching from the Apennine mountains to the Adriatic Sea, paying newcomers 700 euros a month for up to three years if they move to one. of the 106 uninhabited villages. The catch? You’ll only qualify if you start a business – not an easy task when the streets are empty of customers.

Other initiatives will see Italy’s pandemic recovery plan, supported by more than 200 billion euros in grants and loans from the European Union, linking rural areas to high-speed broadband networks. With the pandemic still strong in place, the idea is to turn as many cities as possible into remote work hot spots.

This concept may appeal to young, tech-savvy entrepreneurs who cannot afford property in big cities, despite the fact that small, remote, and lifeless cities are unlikely to benefit. Those on a railway line fairly close to the city, and equipped with several lively bars and restaurants, will be the main beneficiaries. Ghost town status awaits most of the rest of rural Italy, and giveaway prices will become the norm.

Buying real estate for the first time means dealing with a whole new set of terms and acronyms. Below are some explanations for some of the most common things buyers may encounter. Globe and Mail

Our Morning and Evening Updates Newsletter, written by Globe editors, provides you with a brief summary of the day’s most important headlines. Register today.


image source

Bilawal criticized the Center for the purchase price of wheat | Instant News

ISLAMABAD: Pakistan People’s Party (PPP) chairman Bilawal Bhutto Zardari criticized the federal government for raising the purchase price of wheat from Rs1,400 to Rs1,800 instead of Rs2,000. “The federal government can maintain a subsidized price of Rs1,800 for wheat, but the PPP will not allow the suppression of farmers in Sindh and the price of aid will be Rs2,000 because the PPP government is synonymous with food security,” he said in a statement on Wednesday. Bilawal Bhutto Zardari said the government should stop lying about the 28 percent increase in the price of wheat subsidies from the old price of Rs 1,400 to Rs 1,800 of 400 percent. He said Sindh had raised the purchase price to Rs2000 which is a 42 percent increase. He said at this time, for the first time in the country’s history, wheat price support was not the same in all provinces.

Bilawal said Prime Minister Imran Khan was responsible for the persecution of Punjab farmers, Khyber Pakhtunkhwa and Balochistan. He said the prices of everything from fertilizers, seeds and pesticides to agricultural machinery, electricity had risen 150 percent and the Rs1,800 increase in grain subsidies was an injustice to farmers.

Bilawal also said that the federal government wanted the purchase price of wheat to be Rs1600 but when the PPP championed farmers, the federal government raised the price slightly. He reminded people that the federal government created two grain crises in three years.

Bilawal Bhutto sharply criticized Imran Khan’s government and said that this was a result of the PTI government’s poor plan, which currently has only two to two and a half weeks of wheat stock left in the country. “If the crisis is not dealt with, the country may once again face starch shortages,” he said, adding that wheat crops landed in Punjab in May last year and more than 10 million tonnes of wheat disappeared in July in Punjab. He said Imran Khan should ask his friends how the artificial crisis was created by smuggling wheat into Afghanistan.

Bilawal said it was shameful that Pakistan, a wheat producing country, is currently importing wheat from abroad. He said that one of the reasons for the economic downturn was because the rulers of the Pakistani agrarian state unfortunately did not even recognize the letters of the word ‘agrarian’.

Bilawal, referring to the self-sufficiency of wheat in the PPP government (2008-13), said that the PPP federal government had made the country a wheat exporting country in just one year. He said the PPP government had increased the price of aid by 47% in the first year and 52% in the second year.


image source

Karachi wholesalers denied reports of soaring oxygen cylinder prices | Instant News

An oxygen cylinder trader in Karachi denied reports of surging prices in recent days amid rising demand due to a surge in coronavirus cases.

According to a wholesaler of the Lucky Star market, the oxygen refill rate is stable at Rs80-90 per liter.

The wholesaler said that the new 10 liter cylinder costs around Rs14,000.

They said some profit-seekers were spreading rumors to justify the price hike, adding that there was no pressure on the oxygen supply either.

“We have an abundant supply of oxygen. In fact, large companies work in two shifts, not three,” said one wholesaler.

Oxygen price rejections by wholesalers rose today following a report on Sunday that the price of a five liter oxygen cylinder had risen by Rs2,000-4,000 in Karachi.

Additionally, on Saturday, in a joint statement, manufacturers said they are currently producing oxygen to their maximum capacity and if coronavirus cases continue to escalate, the situation could turn out to be similar in India, where shortages of vital gases have triggered a health crisis. serious society.

They note that a large proportion of domestic oxygen production remains allocated to the health sector and that if all plants produce oxygen at full capacity, they can meet the needs of the health sector.

They also demanded an uninterrupted supply of electricity for their generators.

Planning Minister Asad Umar has noted that Pakistan currently uses 90% of its total gas production and the country may face shortages if the situation is not controlled.

“We are working to increase capacity and will import gas if needed,” he said.

Punjab situation

Meanwhile, in Punjab, a ban has been imposed on the stockpiling of oxygen cylinders and related goods.

According to a notification from the Department of Primary and Secondary Health, the ban will take effect immediately and will remain in effect for the next two months.

Hoard of oxygen cylinders, oxymeters, regulators, nasal cannula and anyone found to be taking advantage of the emergency equipment will be prosecuted under the law.

Primary and Secondary Health Care Department Secretary Sara Aslam has asked all charity spirits to donate oxygen cylinders and other equipment and help the government in this difficult time.


image source

Cotton Prices Rise and New Zealand Halts Marine Livestock Exports | Instant News

Cotton Prices Rise and New Zealand Halts Marine Livestock Exports

From the Ag Information Network, I’m Bob Larson with Your Agribusiness Renewal.

** The price of cotton sees several bullish factors at play. The USDA’s latest WASDE report reveals higher exports, along with a smaller harvest last year, continue to eat into the overall supply.

The USDA shows the ending stock now stands at 3.9 million bales, the equivalent of 22% of the total loss.

National Cotton Council CEO Gary Adams told www.agweb.com that it was not only a smaller supply, but that the resurgence in cotton demand was also helping cotton prices.


** New Zealand will stop exporting livestock by sea after a transition period of up to two years, citing animal welfare concerns, a decision that will affect major trading partners such as Australia and China.

The ban was welcomed by animal welfare groups but shocked the livestock industry body.

According to www.dairyherd.com, New Zealand’s primary sector export revenue averaged around $ 42.32 million a year from 2015 to 2019. New Zealand exported 113,285 cattle by sea last year.


** The National Pork Producers Council and the Federation of American Agricultural Bureaus gave oral arguments last week before the US Court of Appeals for the Ninth Circuit, asking the court to dismiss California’s Proposition 12 as unconstitutional.

Prop 12, which will go into effect on January 1 next year, imposes arbitrary kennels that reach beyond the California border to farms across the country, and bans the sale of pork that does not meet those standards.


image source