Stories about price

Buying a used car? Here’s a guide to avoid scams and regret

After all the hard work and saving every penny, you are all set to buy your first car. You are now ready to say goodbye to the frantic public transport system or the unsafe two-wheeler. At this point, it is extremely important to take precaution to avoid wasting your hard earned money. Not everyone can afford the high cost of buying a new car, which is why most of the ambitious car buyers prefer to purchase used cars. Chances are that inexperienced buyers often become prey of tricky dealers and regret their decisions later. The steps listed in this guide ...

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I refused a marriage proposal because they demanded dowry

The notion of dowry has always been rampant in Pakistani society. Ironically, it’s been adapted from Indian culture. Living together in the subcontinent encouraged us to adopt each other’s customs, and eventually, they became a part of ours. Now, we are so deep into this mixed culture that we have forgotten there’s a fine line between culture and religion. We fail to realise that dowry is not approbated by Islam. When given the factual argument that Islam sets no example of dowry, the dowry mongers are left with no other argument. All they have to say is, “Baaki jaghon pe tou Islam yaad nahin aata.” (When it comes to other things ...

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Pay attention to where and whom you’re sending your child to

Our children are not safe. December 16th was proof of that. Whether they are Internally Displaced Persons (IDPs), drone victims or survivors/fatalities in terrorist attacks – children have paid the price for our wars. They have become collateral damage in a war they know nothing about. And as if all of this isn’t scaring parents everywhere as it is, there are the undocumented madrassas – the countless, unmonitored religious seminaries, where parents send their children to learn the message of God. Reports have frightening statistics. They are free to air hate speech via loudspeakers. They are free to brainwash young and innocent minds. There ...

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Agriculture is our golden goose; don’t kill her, my dear Industrialists

The projection of economic growth as something evil, that benefits only the rich, is wrong. Even so, equally erroneous is taking the GDP number for a sacrosanct symbol of sure-fire prosperity for all. Praise is due to the government’s economic team for various improvements in the macro-economy: five per cent growth in first quarter (Q1), about 10 per cent appreciation in the rupee within three months, and excellent performance of the stock market – all reflect recovery. Yet, how these gains are shared with the neediest of the needy remains to be seen – and only this should be taken as being an encompassing yardstick of success. Historically, Pakistan’s ...

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Morsi supporters sentenced to death: Egypt paying the price for the West’s hypocrisy?

If I were to ask you to make a wild guess about the maximum number of people you need to get one police officer killed, what would you say? I am quite certain that your wildest guess will not cross double figures.   However, in Egypt 528 Morsi supporters have been sentenced to death on the charges of murdering a single police officer and causing damage to government and private property. Obviously, this decision has a political background since al-Sisi is following the footsteps of Hosni Mubarak who used the courts to crush the Muslim Brotherhood for decades. As if declaring ...

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Inflating food prices and deflating wallets: Don’t blame the government, blame yourself

Inflation is one of the hot topics in Pakistan these days. There has been a drastic increase in the general level of prices in recent years. As per the press release of the Pakistan Bureau of Statistics (PBS), the Consumer Price Index (CPI) as of November 2013 stood at 191.21 index points compared to 172.42 index points in the corresponding month last year. It is pertinent to note that the CPI has increased from record lows of 62.82 index points in July 2001 to skyrocketing 191.21 index points within 13 years. According to the PBS, the category that has the highest weight in the CPI ...

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Why Facebook’s IPO flopped

The initial excitement associated with this biggest ever deal for Nasdaq has faded away. Facebook’s share prices continue to plummet with the share price reaching a new low of $26.9 today. The original price set by the Facebook team was $38. The drop in Facebook’s share price wiped more than $11 billion off the company’s market capitalisation with Bloomberg declaring that “the IPO produced the worst five-day return among the largest US deals of the past decade.” The latest news that disgruntled shareholders are furious over Facebook’s IPO performance, and cannot wrap their heads around how the country’s second largest IPO ...

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And now, a gas price increase

With ordinary Pakistanis already suffering from the burden of high food prices during Ramazan, high petrol prices, and a recent tariff increase in electricity, it must have come as a shock to many that the price of gas had now gone up as well. And it wasn’t by a minuscule amount but by the rather hefty proportion of 13.5 per cent. This is applicable on all domestic, commercial and industrial users. One wonders why all such rises and decisions have to be taken when the nation is celebrating a holy month and is set to gear up for the Eid ...

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High petrol prices are a good thing

This week, I realised why Pakistan has such a difficult time progressing: It’s leaders care more about being popular and being re-elected, than they do about making the correct, and often difficult choices that are best for the country. The latest example of this is Prime Minister Yousaf Raza Gilani’s decision to retract his earlier plan to raise petrol prices after he caved under political pressures to save his government. The decision is not a wise one, as the move will cost the government between Rs4 and 5 billion in subsidies, and make tax collection even more difficult. More so, this ...

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Fighting over Rs130

On a recent visit to a market in Gilgit, I witnessed two men beating up a vendor. When I inquired about the cause of the fight, I was told it was a result of bitter haggling over the price of a jacket. The two men had offered Rs100 for a jacket while the vendor insisted that he couldn’t give it for less than Rs230. The mere difference of Rs130 triggered a verbal debate, which then culminated in violence. While many may find this shocking, I thought the incident wasn’t unusual. We have come across similar cases of a much more serious ...

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