FBR revenues up by 16 percent to Rs 2080 billion in 1st half

[El Sidd]

Ameen sum ameen!

Revenues of GoP up, condition of Pakistanis down.

Honesty of GoP at peak, condition of Pakistanis down.

Yeh kaisa ganchakar hai



He went to the Pakistan where tomatoes are sold at 17rs and peas at 5 rupees per kg.

I wish GoP and these people give us commoners access to that Pakistan too. Sounds like a good place.

Ministers should lead by example by living off minimum wage to inspire the nation.

instead they are slapping people around at weddings

 

[volatile]

5% is a very good rate.
You grow 5% for 12 years and essentially you will double exports in 12 years ..
Imagine had 5% growth retaines during 2012-2018 we would have been at 40 billion dollars in exports in 2018(PMLN set a target of 35b in 2014) ..a target that is set for 2025 now

which was doable at the rate of 5.5% GDP growth here your GDP is pushed to 2% that will not be achivevd as both are connected

Exports dropped from $24b to $22b wah wah kya performance hai

& your point being ? since the current selected regime came to power here are some figures . 11 Trillion Loan increased from 29 Trillion to 41 trillion in a single year . (29 Trillion in 70 years) ,Foregin borrowing icrreased from 90 odd billion to 110 Billion (17 Billion $ borrowing) so i will take 6/7 percent dropped in exports but FDI was way high ,and when i say FDI its not hot money at 13%

 

[Rafi]

which was doable at the rate of 5.5% GDP growth here your GDP is pushed to 2% that will not be achivevd as both are connected


& your point being ? since the current selected regime came to power here are some figures . 11 Trillion Loan increased from 29 Trillion to 41 trillion in a single year . (29 Trillion in 70 years) ,Foregin borrowing icrreased from 90 odd billion to 110 Billion (17 Billion $ borrowing) so i will take 6/7 percent dropped in exports but FDI was way high ,and when i say FDI its not hot money at 13%

I haven't read such a retarded post in a long time, any fan of NS needs their intellect checking.

 

[ziaulislam]

which was doable at the rate of 5.5% GDP growth here your GDP is pushed to 2% that will not be achivevd as both are connected


& your point being ? since the current selected regime came to power here are some figures . 11 Trillion Loan increased from 29 Trillion to 41 trillion in a single year . (29 Trillion in 70 years) ,Foregin borrowing icrreased from 90 odd billion to 110 Billion (17 Billion $ borrowing) so i will take 6/7 percent dropped in exports but FDI was way high ,and when i say FDI its not hot money at 13%

GDP and exports having nothing to do with each other
You can have negative exports ans positive growth if you create artificial money distribute to every pne..those everyone than buy stuff and create spending ..rich countries do it all the time..they call it stimulus..problem is when we do it we do it with borrowed money and ultimately make a bubble that pops...and GDP shrinks after the burst but atleast educated guys are made fool....i doubt anyone is fooled we just lie to ourselves

Problem is money has to comw from somewhere

Either you have domestic savings

Foreign exchange

Or loans

Our domestic savings are lowest in region ..our loans are thus our way to go..problem is a time comes when noone will lend u anymore this precisely whats happening time and again..

Govt prints artficial notes that fuels demand and GDP growth...when artficial money has no stremgth behind it we go on borrowing spree and eat our reserves..we also force state bank to decrease interest rates which means banks stop lending govt all together and their is liquidity crisis

We rush to IMF who corrects the interest rate which leads second wave of crisis(sudden increase in 25% spending on devt service)..thus govt devlaues further and decrease spending to absolute low level(negative in real terms) which drops in GDP rate..
Aa doctors say
Steriods dont work for long

 

[volatile]

I haven't read such a retarded post in a long time, any fan of NS needs their intellect checking.

still reading and commenting ,i think mental check needed

 

[Vortex]

Avoid this troll.... he drinks Nawaz piss to gain energy

No. Not Nawaz. He is a mullah. If Pakistan becomes rich and stronger, he will lose the power he has in his madrassa.

Everyone has his own selfish interests to fight Pakistan’s progress.

 

[khail007]

that beggars are more on streets than in previous years

Sir G, 'beggars' is a profession in Pakistan and in Pakistan's DNA (up to now). So what you quoted is actually means more employed and on job as compared to previous government

alot of educated youth are migrating to foreign nations,

Is it same 'youth', which is referred to a political party? If not than may be they are of attitude that tax is too much in Pakistan and they are in search of 'tax heavens'.

FBR revenues up by 16 percent to Rs 2080 billion in 1st half
By
News Desk
-
December 31, 2019

Dec 31, 2019: The Federal Board of Revenue (FBR) collected revenues of Rs 2,080 billion during the first half of the current fiscal year ending on December 31st, Chairman of the Board, Syed Shabbar Zaidi said Tuesday.

In a tweet, the FBR Chairman said that the revenue collection witnessed an increase of 16 percent during the period under review against the corresponding period of last year.

“Alhumdulillah FBR has collected Rs 2080 billion by this time for the half year ended December 31, 2019. This is higher by 16 percent over last year for the same period,” the Chairman FBR Tweeted.

APP

Posted on: 2020-01-01T03:05:00+05:00
31860

Although, such news are always controversial in Pakistan and becomes part of disinformation among political parties against each other.
But if true, then it means positive vibes of Pakistan on rise. However thanks for sharing.

 

[Protest_again]

Pakistan presented a 7 trillion budget with over $5.5 trillion revenue collection target. Last budget actual revenue collection was 3.6 trillion. They had to increase revenue by over 50% to match up revenue estimates. They are no where close. This will result in huge budget deficit and pronounced fiscal deficit.

I see a lot of Imranis happy about 16% percent raise but it is no where near targets set by finance ministry. IMF must be closely watching. They were strict about revenue collection targets.

5% raise in exports are nothing when you devalued your currency by over 40%. Especially majority of your exports are still food items, raw materials and textiles. To raise such meager exports, you made everyone poorer by 40%. Brought down growth rate approaching 5% to 2%.Nawaz would have done much better than this. Imran doesn't know head or tail when it comes to economy.

 

[bananarepublic]

GDP and exports having nothing to do with each other
You can have negative exports ans positive growth if you create artificial money distribute to every pne..those everyone than buy stuff and create spending ..rich countries do it all the time..they call it stimulus..problem is when we do it we do it with borrowed money and ultimately make a bubble that pops...and GDP shrinks after the burst but atleast educated guys are made fool....i doubt anyone is fooled we just lie to ourselves

Problem is money has to comw from somewhere

Either you have domestic savings

Foreign exchange

Or loans

Our domestic savings are lowest in region ..our loans are thus our way to go..problem is a time comes when noone will lend u anymore this precisely whats happening time and again..

Govt prints artficial notes that fuels demand and GDP growth...when artficial money has no stremgth behind it we go on borrowing spree and eat our reserves..we also force state bank to decrease interest rates which means banks stop lending govt all together and their is liquidity crisis

We rush to IMF who corrects the interest rate which leads second wave of crisis(sudden increase in 25% spending on devt service)..thus govt devlaues further and decrease spending to absolute low level(negative in real terms) which drops in GDP rate..
Aa doctors say
Steriods dont work for long

Imo
We should probably look at the growth in exports and revenue generation of 2020, and if the current government does deliver (bear in mind regional stability does not look promising in 2020) a good amount of exports, import substitution and revenue respective of the previous two tenure of ppp and pmln , only then we can call imran khans Promise's a bluff..
And untli then we can only wait and see

 

[ziaulislam]

Imo
We should probably look at the growth in exports and revenue generation of 2020, and if the current government does deliver (bear in mind regional stability does not look promising in 2020) a good amount of exports, import substitution and revenue respective of the previous two tenure of ppp and pmln , only then we can call imran khans Promise's a bluff..
And untli then we can only wait and see

if continue with current trend..a.ka <1% CAD, 5% exports growth, and ZERO state bank lending and ease of dong buisnes reforms than you would see growth returning to 5% but i doubt any higher before the tenure is over..though i doubt the life of common person would be better..
there are no short cuts to growth and development it takes decades of reforms

 

[Rafi]

Pakistan presented a 7 trillion budget with over $5.5 trillion revenue collection target. Last budget actual revenue collection was 3.6 trillion. They had to increase revenue by over 50% to match up revenue estimates. They are no where close. This will result in huge budget deficit and pronounced fiscal deficit.

I see a lot of Imranis happy about 16% percent raise but it is no where near targets set by finance ministry. IMF must be closely watching. They were strict about revenue collection targets.

5% raise in exports are nothing when you devalued your currency by over 40%. Especially majority of your exports are still food items, raw materials and textiles. To raise such meager exports, you made everyone poorer by 40%. Brought down growth rate approaching 5% to 2%.Nawaz would have done much better than this. Imran doesn't know head or tail when it comes to economy.

PML N spokesman.

 

[ghazi52]

 

[RIP Pak LAW]

Pakistan presented a 7 trillion budget with over $5.5 trillion revenue collection target. Last budget actual revenue collection was 3.6 trillion. They had to increase revenue by over 50% to match up revenue estimates. They are no where close. This will result in huge budget deficit and pronounced fiscal deficit.

I see a lot of Imranis happy about 16% percent raise but it is no where near targets set by finance ministry. IMF must be closely watching. They were strict about revenue collection targets.

Targeted budget is always kept deliberately high where as realistic budget target is known to higher officials only. Every body knows it (including IMF). This helps Govt to provide an excuse for a bit higher utilities tariffs later in the year. Happens every year.