Authentic Data Collection A Must For Better Decision Making: Makhdum Khusro

Authentic data collection a must for better decision making: Makhdum Khusro

Minister for Planning, Development & Reform, Makhdum Khusro Bakhtyar has stressed the need to ascertain the real impact of gas and electricity price increases as well as prices of essential food items on consumers falling in different categories

Islamabad (Pakistan Point News / Online - 08th April, 2019) Minister for Planning, Development & Reform, Makhdum Khusro Bakhtyar has stressed the need to ascertain the real impact of gas and electricity price increases as well as prices of essential food items on consumers falling in different categories.During the 17th meeting of the Governing Council of Pakistan Bureau of Statistics, presided over by Federal Minister for Planning, Development & Reform Makhdum Khusro Bakhtyar in his capacity as Chairman of the Council, was held on Monday.

Minister was apprised that poor consumers falling in the lowest slab have not been affected much by increase in prices of gas and electricity due to protective cover given by the Government.The Council approved the proposal of rebasing the Consumer Price Index (CPI) from FY-2007-8 to FY-2015-16. The rebasing was long overdue and the exercise was completed in December 2017 and Technical Committee has cleared it for presentation in the Council.

Secretary Planning Zafar Hasan, members Governing Council and senior officials of the ministry were also present in the meeting.Under the new base, PBS will compile Urban Consumer Price Index (UCPI), Rural Consumer Price Index (RCPI) and National Consumer Price Index (NCPI) on monthly basis. Previously, PBS only compiled Urban Consumer Price Index to determine inflation in the country on monthly basis.Speaking on the occasion, the Minister for Planning emphasized the need for authentic data collection for better policy and decision making.

He said that PBS should devise a mechanism to deliver more reliable official figures relating to economy, population, agriculture, trade and other areas.The meeting was apprised that 5th meeting of the Governing Council of PBS had decided to rebase the National Accounts Committee and Price Statistics after every 10 years. Subsequently, a technical committee under the chairmanship of ex-vice chancellor, PIDE, Dr. Asad Zaman, was constituted which recommended changing the base.

It is pertinent to mention here that new base will be published after the approval by ECC.Various other agenda items also came under discussion during the meeting. Regarding the appointment of Chief Statistician, the Minister directed to expedite the process for smooth functioning of PBS. It was also decided that PBS will conduct Pakistan Demographic Survey (PDS) periodically and try to resolve the issue in consultation with NADRA and local governments.

PDS is critical for capturing changing demographic patterns in the country.Ends OnlinePR/NH============PEMRA decreases cable operator's feeIslamabad, April 08(Online): Pakistan Electronic Media Regulatory Authority (PEMRA) has reduced subscription fee for Cable tv Operators. from Rs. 24/- to Rs. 12/- per subscriber per annum.The meeting of the authority was held here on Monday with Chairman Saleem Baig presided over the meeting which said that the reduction in tariff for cable operators has been made with a view to offer some relief to them throughout the country who are already in financial crunch due to various economic factors.

The meeting also approved grant of Non-Commercial FM Radio Licence to Khyber Pakhtunkhwa Traffic Police, Peshawar.Authority also approved revised budget estimates for F.Y. 2018/19 of PEMRA as well as estimates for PEMRA Annual Budget for F.Y. 2019-20.Members of PEMRA including Muhammad Jehanzeb Khan Chairman FBR, Maj. Gen. (R) Amir Azeem Bajwa, Chairman PTA, Shafqat Jalil, Secretary Information and Broadcasting, Major (R) Azam Suleman Khan, Secretary Interior, Shaheen Habib Ullah, Member KP, Sarfaraz Khan Jatoi Member Sindh, and Ashfaq Jumani, Executive Member PEMRA also attended the meeting.