IMF says forex reserves below adequate levels

[livingdead]

What energy bills were paid with tens of billions of dollars? We do not import energy!


Now, I tell you how Indian industry is being subsidized by Zardari and quite opposition.
Which involves, free transportation and duty free import and sales.

If you go to Pakistani market, every Pakistani product is taxed multiple times, while a subsidized Indian product is available without sales tax.

To retailer indian product give more profit as it has no price structure.
Even, govt of Pakistan subsidize Indian products by actually forcing its ads. on cable tv and ptv.

Now the volume of aid is so huge if you go to departmental store, every shelf is full of Indian products.

Basically, you get free transport, service, fuel, handling.. all paid by govt. of Pakistan.

While the hypocrite politicians and IMF failed to see this open genocide of local industry.

What do you mean by subsidy? Can you please look it up in dictionary before claiming pakistani govt subsidizes Indian goods but pakistani product is taxed multiple times?

Indian product need to pay import duty (same for pakistani product in India.. for example cement or onions or sugar), local products are not.

Ads are paid for by the company not pakistani govt, how is it subsidising? There are ads in Indian tv about american/german/japanese products, does it mean they are subsidised?

 

[my2cents]

What energy bills were paid with tens of billions of dollars? We do not import energy!


Now, I tell you how Indian industry is being subsidized by Zardari and quite opposition.
Which involves, free transportation and duty free import and sales.

If you go to Pakistani market, every Pakistani product is taxed multiple times, while a subsidized Indian product is available without sales tax.

To retailer indian product give more profit as it has no price structure.
Even, govt of Pakistan subsidize Indian products by actually forcing its ads. on cable tv and ptv.

Now the volume of aid is so huge if you go to departmental store, every shelf is full of Indian products.

Basically, you get free transport, service, fuel, handling.. all paid by govt. of Pakistan.

While the hypocrite politicians and IMF failed to see this open genocide of local industry.

According to your own expert.....

The size of potential imports from India is about $ 2.7 billion. The potential
import items include tea, spices, auto parts, consumer and light engineering goods,
tires and transport equipment, entertainment, healthcare, information technology,
and pharmaceuticals. Allowing import of these items, it is estimated, could result
in savings for Pakistan of $ 400 million to $ 900 million.

[URL="http://www.pakistanbanks.org/career_development/am/downloads/bulletins/sbp_bulletins/sbp_research_vol1_no1/Opinion-1.pdf" /URL]

Mind you... Pakistan is already importing these items from other countries and paying more for the same in dollars. With India you guys can swap goods like in barter system and save your precious dollars. If you import directly from India then you can avoid smuggling from Dubai and generate more import duty.Ultimately it is the consumers who benefit from lower cost.