AZADPAKISTAN2009
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@roadrunner,
That man only inherited that name.
@Azad Pakistan,
the strategy is good but you are only taxing those who use facilities like banks etc. These are people who are already paying most of the taxes. There are many people who just deal in cash and avoid declaring any assets.
Well the process to send cash into Pakistan needs to be more streamlined
Pakistan Government Should Setup an PAKISTAN - Account Money Transfer Fund Account
All People who want to send should send the funds into that 1 account -
Government of Pakistan Treasury would then automatically deduct money 1%. on amounts less then 1000 dollars
0.50% on funds between 1000-10,000
Example:
Step #1:
I want to send 100 $ dollar to Pakistan , I would go and send the wire to Pakistan Treasury Account (Money Transfer Fund Account)
Step#2:
Pakistan Treasury (Money Transfer Fund Account) would then issue me a receipt # that I can print
it would ask me which bank the receiver will pick money from and what is their NADRA ID CARD
Step#3:
Pakistan Intelligence would check the transaction the NADRA ID Card in 2 minute check give clearance behind scene
Step #4 :
Reciver gets copy of the receipt number and bank location to please go and pick the funds from
Step#5 :
Pakistan Treasury will deduct 1% transaction fee automatically form this 1 account and this goes to Pakistan Tresury
remaining fund is made available to reciver
Step#6:
Receiver goes to submits their receipt number and shows their ID card gets cash , Bank issues funds
No NEED FOR PERSON TO HAVE A bank account for this purpose just your NADRA ID card
The Pakistan Gov would then issue receipt of the transaction to Sender in Europe/US/Middle East/Canada , and Receiver in Pakistan
User Brings the receipt/ NADRA card to any bank
The Bank would keep the receipt number , and then issue funds to the receiver after checking NADRA card
People should not be required to have a BANK ACCOUNT OPENED IN ANY BANK for money transfer just bring in your NADRA ID CARD to any BANK BRANCH
Benefits:
GOVERNMENT OF PAKISTAN : Can track all money transfers
Tax/ revenue: Money can be deducted directly into Pakistan Treasury corruption only happens outside of institutes, software and banks don't make errors
Collect Money -> send it to Pakistan treasury first deduct Pakistan's share -> then give the rest to receiver
We have every thing in place -
All Pakistanis have NADRA CARDS
All Pakistani over seas have national id cards / or foreign passports
The banks - would end of month , deposit the receipts that they collected and get refund from Pakistan Treasury
This way
a) Most of time people don't send case via banks is because ppl don't have bank accounts their relatives could be poor or they don't have enough money
b) Sometimes the process takes 6-7 days for money to reach them when the need is immediate like 24 hours turn around
If Pakistan follows this very simple process they can gain another 10-22 billion dollars
You could take your receipt copy from Pakistan Treasury , to any Bank in Pakistan
The biggest problem right now is
a) Bank fees
b) You need to setup a bank account and that has service fees
c) Delays 3-5 days delays in sending funds
I mean this is why illegal money sending is popular because its very fast same day
We need to stop this system and push for things to go more streamlined manner
Look at India , they have facilities and means to send money transfers in 24 hours so ppl don't use other services
I mean we can generate 10-22 billion dollar annually from this successful fast efficient system
We don't need to beg Hilary clinton or John Kerry for mere 1 billion dollars - ?
Its none sense
What the GOVERNMENT OF PAKISTAN NEED TO DO IS GIVE 100% GUARANTEE THAT YOU USE THIS SYSTEM
You will not be harassed by US or other countries , for sending money to your relatives. Pakistan is monitoring all transactions in Pakistan
This promises will encourage 1000% Pakistanis to send cash home
This is how it should be !!!
Also its safe because - Only funds are issued to people with valid NADRA cards who are nationals of Pakistan
Anyone , on a watch list (Links to Terrorist group will be spotted by ISI just by their NADRA card)
And money would not go in wrong hands -