 Well my dear students, the course is Labour Policy Pakistan and the topic is focus of Punjab Labour Policy 2018 on rationalization of wages with a shift towards living fair wage. Now let us move on to discuss what is meant by the term rationalization. Rationalization is basically validation and it has nexus with the logic. It has nexus with the reasonable circumstances prevailing around. What suits to circumstances is also the relevant thing. My dear students, the topic is that Labour Policy 2018 on Punjab is shifting from the wage to the living fair wage. So wage and living fair wage should be different. It is basically new terminology which is introduced as living fair wage. How do we shift? Basically we move from one angle to another and the word fair is also important to understand. It means reasonable, in saaf par mabni, equitable or according to sense of right that is conscience. So the word reasonable means that my dear students agreeable to reason, agreeable to sound judgment, agreeable to logical. So basically what is meant by the wage should be, how much should be and how much purchasing power should be so that one worker can spend his life in a better way. My dear students, the word living fair wage means reasonable amount of salary which gives one worker routine working hours against employer day which is not hand-to-mouth money but the essential requirements of life can be fulfilled. So this is an era of transition from the living fair wage to the living fair wage. That is why this topic is being discussed with you. And Punjab Labour Policy 2018 is in favour of bringing the wage to the living fair wage status. From the very beginning, my dear students, the wages in Pakistan have been increased from time to time and after regular intervals, the government has been revising the wage figure which has been slightly increased in workers' wages. There is no doubt that under this procedure, some relief has been provided to the workers but the empirical analysis, that is scientific analysis, is that you are looking for defects and then you are suggesting that these are their solutions. So dear students, in this wage, the empirical analysis tells us that workers today want to see the status of the wage on the living fair wage status. Empirical means observed, pragmatic, realistic, investigation, breakdown, etc. My dear students, the Punjab Labour Policy 2018 promises that we accept this challenge and we will take steps to fix the suffering of the living fair wage. My dear students, because this concept of living wages is very popular in the world nowadays. Now the question arises, how can we go towards the living fair wage? It is a serious matter, it has to be developed by a modest apprentice. So the Punjab Government, the minimum wages board has been told to marathon the tripartite consultations in which there are employers, government and workers so that the living fair wage can be done. And this Punjab Labour Policy is also focusing on inviting experts to see the inflation and the price index of the last decade and then bring the living fair wage status to the living fair. We hope that the board that establishes the fair wage that will come out with a living wage that would be unanimously acceptable to all the stakeholders or stakeholders who are employer, government or workers. Hope you have understood the topic. Thank you very much indeed.