ECO402 Assignment 1 Solution Spring 2022: Among basic food items, wheat crops and sugarcane are significant and high-value cash crops being locally produced in Pakistan. But unfortunately, the wheat and sugar crisis hit several times in the history of Pakistan due to unfair political support from powerful landlords. Despite producing 27 million tons of wheat and 81 million tons of sugarcane, Pakistan has imported 3.612 million tons of wheat and 281,328 tons of sugar in FY2021.
In order to regulate the two primary commodities’ increasing prices, the government has actually opted for much higher imports, but these attempts have so far failed to bring any price relief to consumers. In the below table, nominal prices of wheat flour and refined sugar and CPI values for the years 2019 to 2021 are given.
Using the information provided in the above table and assuming Aug- 2019 as the base year, find the real price of wheat flour and refined sugar for each given year.
The real estate sector in Pakistan is gaining attention from investors day by day. The real estate market in Pakistan is worth between $1.5 and $2 trillion. Pakistan’s real estate sector has significant potential to contribute to annual GDP growth, which is worth almost $314 billion. The reason behind this is the prices of properties have been increasing in the
last two decades so investors feel it is a relatively safer investment option. Real estate includes residential, commercial, industrial, and agricultural properties. 24 hours extra/grace period after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and the above-mentioned due dates should always be treated as final to avoid any inconvenience.
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