Islamabad baffled by IMF moving goalposts

[Olympus81]

I think its fair by IMF.

One thing I’d like IMF not to budge on is total asset declaration by politicians, bureaucrats, generals, judiciary and listing out of all subsidies they enjoy in public domain.

And 2% transaction fee on all properties being bought or sold as per market rate.

And an annual tax of 0.01% on all properties based on market rate.

 

[Englishman]

Beggers can't be choosers

 

[Olympus81]

What would have pti done in this situation?

Difficult to say. But now PDM are here benefiting from RCO, so they have to decide.

 

[AZ1]

Announced more fuel subsidies Pakistan cannot afford, obviously.

yaeahblike 5 rupees yesterday by pmln and in July 2022 and also take loan of $1.6 Billion to make metro lahore train and run that train on subsidy for ever

 

[SoulSpokesman]

@Olympus81

And 2% transaction fee on all properties being bought or sold as per market rate. And an annual tax of 0.01% on all properties based on market rate.

I like the suggestion and I would like to see it implemented in India too. Actually, the annual tax should be a lot higher- closer to 0.5% at least. India already has a stamp duty of 8% on transactions the and official circle rates in many cities/zones is fairly close to market values.

Regards

 

[Genghis khan1]

Go default, restructure and write off loans.

 

[Olympus81]

Also the PDM, if they can, needs to depoliticise petrol prices.

No government should be allowed to reduce the oil prices beyond the base price. Marketing, GST, duties on top of the base price can be adjusted but not even a cent should be off from the base price.

Sane countries have been doing that for a long time.

 

[AZ1]

Go default, restructure and write off loans.

go default pmln will do

who will do the rest

Also the PDM, if they can, needs to depoliticise petrol prices.

No government should be allowed to reduce the oil prices beyond the base price. Marketing, GST, duties on top of the base price can be adjusted but not even a cent should be off from the base price.

Sane countries have been doing that for a long time.

why running lahore metro train too if running on subsidy? and not making enough profit its burden

 

[Olympus81]

go default pmln will do

who will do the rest


why running lahore metro train too if running on subsidy? and not making enough profit its burden

Yes, lets start with oil subsidies and then look into all other projects.

IPP Power projects are another pit hole.

 

[Imran Khan]

منشی ساقا ولد بودی سائیکلاں والا سوچ رہا تھا پاکستان جائے گا 2 ارب ادھر سے پکڑے گا 2 ارب ادھر سے پکڑے گا معشیت چلائے گا اور مزے کرے گا ۔ یہ نہیں پتا تھا کہ انی دے کو اب کوئی پیسہ نہیں دے گا

 

[S.Y.A]

Retail tax thrawted by bajwa who ultimately forced zaidi out
Property tax.
Confidence of remittances and not destroying the export sector

tried to widen the tax net, and register transactions above 50k, also demanded that retailers/businessmen will declare all wealth. but shabbar zaidi was fired. at least the pos system was implemented.

 

[Olympus81]

PTI should be credited with the mobile phone registration system as well.

That was one big pit hole where noone paid taxes and eventually came under the tax net.

 

[S.Y.A]

PTI should be credited with the mobile phone registration system as well.

That was one big pit hole where noone paid taxes and eventually came under the tax net.

BS, though, for overseas pakistanis, who visit twice or thrice. and should have incentivized assembly of high-end cellphones as well. but it still much much better than whatever pml*n and PPP have been able to achieve.

 

[lightning F57]

So allegedly the reason the military help remove IK was because he was hurting relationship with the US and other key donors.

Well I don't see the US or the gulf countries come running to save Pak under PDM with IKs removal, so much for that exaggeration now we find the opposite with current leadership not getting much help anywhere internationally. This is what happens when you have an unpopular government which was installed like a puppet.

 

[AZ1]

Yes, lets start with oil subsidies and then look into all other projects.

IPP Power projects are another pit hole.

all projects running on subsidies