Anyone willing to be PM after 2018 election, when external debt, liabilities touch $89 billion

[Samlee]

please enlighten ..

There Are Many Ways To Get Pakistan Out Of This Mess

1.Using Bonds Directed At Overseas Pakistanis.These Bonds Can Be Used To Refinance Debt Or Boost Forex Reserves.When India Experienced Severe Balance of Payment Issues They Issued These Bonds Directed At Their Diaspora.

Let's Just Do A Quick Back Of The Envelope Calculations

Pakistan Has A Total Debt and Liability Of Rs 21.8 Trillion And Has To Make Payment Of Interest Of Rs. 1620 Billion
A Bond Of 3% Mark Up On Rs 21.8 Trillion Means A Payment Of Rs 654 Billion Means A Saving Of More Than Rs 1000 Billion
Now I Know It Is Irrational To Assume That Entire Debt Can Be Refinanced In One Go But Even If We Refinance A Portion Of The Debt We Can Expect More Than Decent Savings.

2.These Diaspora Bonds Can Also Be Used To Boost Foreign Exchange Reserves.Most Of The Forex Reserves That India Boasts Of Is Made Of A Debt Of Similar Nature

3.We Need To Replace Our Furnace Oil Imports ASAP They Are A Drain On Our Limited Resources.Their Are Three Ways
a)Conversion Of All GENCOs and IPPs(Except Attock) To Coal Or Natural Gas Or Coal Water Slurry(This Last Technology Is Of Particular Interest To Me Since It Means A Near Complete Elimination of Pakistan's Oil Import Bill

b)Utilizing Thar Coal To Produce Fischer Tropsch Products(Diesel,Jet Fuel and Petrochemicals)

c)Reviving CNG Sector Based On LNG and IP Gas Pipeline And Promoting LPG Autogas

4.Privatization Of Major Entities(The Common Man Cannot Afford Rs 500+ Billion Wastage Anymore)

5.Crackdown On Hundi And Hawala Both In Pakistan and Overseas esp. Gulf Countries And Incentivising Sending Of Remittances Through Banking Channels By Lowering Banking Margins

6.Tax Reforms Starting With The NADRA List Of 3 to 4 Million Potential Tax Evaders.Also Sales Tax Will Be Brought Down To 7% Single Stage For Filers And Existing 17% For Non Filers.This Will Help Document The Entire Economy.Also I Will Definitely Take Two Sectors Head On Traders and Real Estate They Will Be Brought Into Tax Net No Matter What Extent I Have To Go To.

7.Once Fiscal Space Is Created,I Would Implement Flat Tax(Or Maximum Two Slabs).This Will Promote Economic Growth

8.I Will Negotiate Out Of Court Settlement With TCC on Reko Diq(Let's Face It,We Cannot Afford A $11 Billion Settlement)