IMF only viable option, PM Imran Khan told: Is it true?

[Roybot]

The calculations show Rupees and then it shows US dollar conversion if you look closely

Simplest Fastest Fix to Economy:

Cell Phone (Recharge Tax ) = 1.2 Billion Dollar over period of 1 Year
Shop Permit Program = 3.8 Billion Dollar over period of 1 Year
Road Permit Program = 438 Million Dollar permit over 30 days period
Qurbani Permit = 200 Million Dollar annually over period of 1 Year
Killing Water Mafia & Collecting Money = 876 Million Dollars annually over period of 1 Year

Total: 6,514,000,000 almost 7 Billion from these internal correction


View attachment 503482

Great suggestions. Why don't you post these on twitter, and perhaps tag Imran Khan and your finance minister.

 

[American Pakistani]

We can collect in rupee and pay our debt after a minor conversion or buy Gold in the market to stabilize currency

Sorry sir but international pay system accepts $$ as form of payments. Otherwise state bank could print tons of billions of trillions and start paying off debt...

Pakistan's option is only to increase exports and cut down the exports in a fashion that it won't be detected internationally that Pakistan is cutting exports, else there would be repercussion for cutting imports too.

I'm sorry to say but like I said earlier, Asad Umar seriously seems to be lost and has no clue what to do. It is terrible that he had no plan for all those years and he was just talk.

That's another issue and directly linked to going to imf everytime

But budget defict is a huge problem, our debt to gdp ratio has already crossed the acceptable level, and is rising at rapid rate.

For that you have to stop borrowing loans and start exporting goods and stop importing heavily. Another suggestion is to ask gulf and other nations to increase Pakistani labor manpower who will send remits to their family in foreign currency.

 

[Indus Pakistan]

Gas slender price increased to +600 Naya Pakistan.My family is cursing me for voting PTI.

Tell me Mr ~ Pakistani's or most of them don't bother paying taxes. Which means the government does not get enough revenue. And you want the government to use that limited revenue it has on you to have gas on the cheap?

What joke is this? No wonder Pakistan is fcuked financially and has to go around like beggar. It is the 'awaam' that make Pakistan a international beggar by giving nothing but expecting freebees !

"The government on Monday increased natural gas prices by up to 143% to recover Rs94 billion from consumers, in effect slashing consumer subsidies that were a fiscal drag on the government’s budget"

Tell me where should the government get the Rs 94 billion from? Beg China, KSA, USA so you can have cheap gas?

https://tribune.com.pk/story/1805670/2-gas-prices-increased-10-20-majority-consumers/

 

[Tea addict]

Won

Tell me Mr ~ Pakistani's or most of them don't bother paying taxes. Which means the government does not get enough revenue. And you want the government to use that limited revenue it has on you to have gas on the cheap?

What joke is this? No wonder Pakistan is fcuked financially and has to go around like beggar. It is the 'awaam' that make Pakistan a international beggar by giving nothing but expecting freebees !

"The government on Monday increased natural gas prices by up to 143% to recover Rs94 billion from consumers, in effect slashing consumer subsidies that were a fiscal drag on the government’s budget"

Tell me where should the government get the Rs 94 billion from? Beg China, KSA, USA so you can have cheap gas?

https://tribune.com.pk/story/1805670/2-gas-prices-increased-10-20-majority-consumers/

Won't be surprised if it is still subsided as in India we pay 900 INR for the same gas cylinder the guy was talking about..that is about 1500PKR..600PKR for a gas cylinder and people are complaining? Wow.

 

[Vapnope]

They had a fantastic opportunity when they formed economic advisory council but failed the moment they succumbed to pressure from ultra sensitive religious lot. The future seems bleak because Asad Umar has not done his homework and Pakistan might pay heavily for it.

No amount of asset seizure is going to solve it.

 

[Indus Pakistan]

Won

Won't be surprised if it is still subsided as in India we pay 900 INR for the same gas cylinder the guy was talking about..that is about 1500PKR..600PKR for a gas cylinder and people are complaining? Wow.

We have twisted political culture in Pakistan. Talk of welfare and you think of the poor right? Not in Pakistan. The poorest in Pakistan have no access to piped gas, never travel by PIA, never will get jobs in government owned entities. Meaning they get absolutely zero benefit from the state. However the relatively better off [like of @Men in Green] who have piped gas, internet connection, or jobs with public welfare organisations like PIA, PS and dozen more - I call them public welfare because non make profit but make losses every year. Yet these people scream the loudest. Non pay taxes but expect the state to use it's limited revenue to subsidise their gas, their jobs etc.

This amounts to the state paying subsidy to the haves but ignoring the have nots. What a pervese set up. The reality is the state has obligation to subsidise the poor and collect revenue from the haves. And then they wonder why Pakistan has people picking up guns against the state ....

succumbed to pressure from ultra sensitive religious lot

They had to. The opposition would have rallied around the religious lot who would have thrown millions on the streets of Pakistan. The government would have faced widespread dissent and chaos .....

As a secularist this eats me up and nothing would chear me up then seeing these groups thrashed but I know it would have led to internal instability and crisis possibly bringing the government down.

 

[Mr ambassador]

According to the following sources, both professional accountants and economy academics, ~70% of Pak economy is undocumented!!! It's damn huge!!! The following official graph from the Pak government shows that GDP growth rate and the growth rate of the expensive items don't match!!!! It means the majority economic activities of the Pak folks are out of the government control, manipulation, documentation, direct taxation etc...

View attachment 503458

https://fp.brecorder.com/2016/05/2016051345400/
https://www.aerc.edu.pk/real-size-underground-economy-case-pakistan/

few weeks ago , i suggest how to document Pakistan economy.

 

[Tea addict]

We have twisted political culture in Pakistan. Talk of welfare and you think of the poor right? Not in Pakistan. The poorest in Pakistan have no access to piped gas, never travel by PIA, never will get jobs in government owned entities. Meaning they get absolutely zero benefit from the state. However the relatively better off [like of @Men in Green] who have piped gas, internet connection, or jobs with public welfare organisations like PIA, PS and dozen more - I call them public welfare because non make profit but make losses every year. Yet these people scream the loudest. Non pay taxes but expect the state to use it's limited revenue to subsidise their gas, their jobs etc.

This amounts to the state paying subsidy to the haves but ignoring the have nots. What a pervese set up. The reality is the state has obligation to subsidise the poor and collect revenue from the haves. And then they wonder why Pakistan has people picking up guns against the state ....

They had to. The opposition would have rallied around the religious lot who would have thrown millions on the streets of Pakistan. The government would have faced widespread dissent and chaos .....

People don't realize that subsidizing your present at this scale ,under these economical condition is just stealing from your future generations..as they will be forced to pay the production cost +taxes as well as the interest they have to pay as their fathers took heavy amount of loans from IMF,world bank.

10 million Indians from middle class have voluntarily given up their gas subsidy when Prime Minister Modi asked them to as they seem to have realized the ling term consequences of it .
https://en.wikipedia.org/wiki/Give_up_LPG_subsidy

 

[Indus Pakistan]

People don't realize that subsidizing your present at this scale ,under these economical condition is just stealing from your future generations..as they will be forced to pay the production cost +taxes as well as the interest they have to pay as their fathers took heavy amount of loans from IMF,world bank.

Worse then this. Lot of the gas comes from fields in Balochistan. Yet after 50 years of the gas bonanza most of Balochistan has no electricity or gas. Limited amount of revenue from gas has been spent on Balochistan. Yet far and away urban cities like Karachi, Lahore etc have had gas for decades. And they get it at subsidised rates. Can you see the unfairness in this?

Instead those who are getting the gas and at subsidised rates are complaing the most!

Ps. And they refuse to pay taxes, expect the state to borrow money from IMF or beg China to service the cheap gas. Craziness unlimited ....

 

[shah_123]

Tell me Mr ~ Pakistani's or most of them don't bother paying taxes. Which means the government does not get enough revenue. And you want the government to use that limited revenue it has on you to have gas on the cheap?

What joke is this? No wonder Pakistan is fcuked financially and has to go around like beggar. It is the 'awaam' that make Pakistan a international beggar by giving nothing but expecting freebees !

"The government on Monday increased natural gas prices by up to 143% to recover Rs94 billion from consumers, in effect slashing consumer subsidies that were a fiscal drag on the government’s budget"

Tell me where should the government get the Rs 94 billion from? Beg China, KSA, USA so you can have cheap gas?

https://tribune.com.pk/story/1805670/2-gas-prices-increased-10-20-majority-consumers/

https://twitter.com/x/status/1048019889653522432

https://twitter.com/x/status/1048019904656551938

 

[Indus Pakistan]

https://twitter.com/x/status/1048019889653522432

https://twitter.com/x/status/1048019904656551938

Are you alluding to indirect tax?

@Tea addict Do we have gas comparison price between India and Pakistan? This might place everything in perspective.

 

[shah_123]

Tell me Mr ~ Pakistani's or most of them don't bother paying taxes. Which means the government does not get enough revenue. And you want the government to use that limited revenue it has on you to have gas on the cheap?

What joke is this? No wonder Pakistan is fcuked financially and has to go around like beggar. It is the 'awaam' that make Pakistan a international beggar by giving nothing but expecting freebees !

"The government on Monday increased natural gas prices by up to 143% to recover Rs94 billion from consumers, in effect slashing consumer subsidies that were a fiscal drag on the government’s budget"

Tell me where should the government get the Rs 94 billion from? Beg China, KSA, USA so you can have cheap gas?

https://tribune.com.pk/story/1805670/2-gas-prices-increased-10-20-majority-consumers/

Why Pakistan is fucked financially.

https://twitter.com/x/status/1046035473905459200

 

[Mr ambassador]

Pakistan must increase import tax on Chinese commodities .....Chinese cheap products ruining our local industry .Hence import is increasing while export is declining ....

such as Service Shoe company and General Tyre sale is declining .Sale of many such Pakistani products are declining .

free trade with China is toooooo much dangerous for our economy.

Dont know who and why did this serious blunder .

 

[Knight Rider]

I saw it coming, they increased taxes to please IMF.
PTI Government will see lets poverty in country bcz poor will die. And middle class will disappear. Rich will get Richer. I salute IMRAN KHAN for this step.

Gas slender price increased to +600 Naya Pakistan.My family is cursing me for voting PTI.
@Imran Khan @Kabira @Indus Pakistan

Your family should curse Ganja and PPP lunatics and not you for voting PTI. We cant afford another Ganja and PPP governments.

 

[Indus Pakistan]

Why Pakistan is fucked financially.

https://twitter.com/x/status/1046035473905459200

While that is true but the problem goes beyond that. Every retailer in Pakistan, every food outlet, every business in Pakistan down to the guy mending tyres to taxi driver should be registered for tax. Are they? Like fcuk. Pakistan should have at least 20 million on the tax roll paying some, even if small amount of tax. A rickshaw driver drives on public roads, expects justice etc but by god will not be prepared to pay some rupees as tax to the state.

Tinker, tailor, soldier spy, business tycoon, chaiwallah should be paying taxes on a sliding scale. How fcuk does a country of 200 million have 700,000 filing taxes? Borrowing or begging internationally might work for some time but eventually it will catch you up. And it has. Check out the loans taken out by PML-N government in last 5 years.