Pakistan to go for IMF bailout, despite $6 billion Saudi Arabia support package

[VCheng]

Going to IMF, going to saudis, going to chinese, going to america, selling bufaloes. Jeez Naya pakistan looks lost here.

Not at all.

This is what vigorous foreign and economic policies that explore ALL options would look like.

 

[jupiter2007]

Collect 100 Dollar Tax every single Pakistani you make 20 Billion Internally from Local Economy

Put it in DAM fund or run country

People were happily paying 2,000 Riyals visa fee for Umra

You know that 45% of our population lives below the poverty line?

 

[ghazi52]

 

[xyxmt]

Collect 100 Dollar Tax every single Pakistani you make 20 Billion Internally from Local Economy

Put it in DAM fund or run country

People were happily paying 2,000 Riyals visa fee for Umra

you keep saying that but you dont realize that out of 200 million Pakistani approx 20-30 million are bread earners and majority is kids, woman and retired. That will make every Pakistani to pay 1000 USD and how many can afford to pay that

 

[AZADPAKISTAN2009]

I only talk Facts people

200,000,000 Million Population Size x Every one donates 100 Dollar = 20,000,000,000 (20 Billion Dollars)


Job Going people in Pakistan

62,230,000 People ​

We don't have stats on people who work for their own business

a) Shops they own
b) Taxi they drive
c) Bus they drive
d) Restaurant they run
e) Small Shops


62,230,000 People x 100 dollar = 6.2 Billion Dollars
62,230,000 People x 200 Dollar = 12 Billion Dollars

 

[Dubious]

Every one donates 100 Dollar

Not everyone has 100 dollar lying around

Not at all.

This is what vigorous foreign and economic policies that explore ALL options would look like.

You are trying to teach people who are NEW and this thing is NAYA for them to EXPLORE ALL OPTIONS!
They are used to getting loans with eyes closed and no accountability...therefore, when loans dont equal to output eyes are still shut so they literally see nothing...Now their eyes are NOT CLOSED because they need to nit pick and they see a process...something they are not familiar with!

 

[AZADPAKISTAN2009]

Look man ......

Pakistanis are great at making excuses
A majority has Crores not 100 dollar

A God damn tire is 50 dollar and how many cars are running in Pakistan

 

[Dubious]

Look man ......

Pakistanis are great at making excuses
A majority has Crores not 100 dollar

View attachment 507619


A God damn tire is 50 dollar and how many cars are running in Pakistan

I am not talking about MINORITY who have HUGE chunks of cash but the MAJORITY who have nothing...

And yes I agree those who can should....But MAJORITY cant! so you cant include them in your maths!

 

[AZADPAKISTAN2009]

62 Million out of 200 Million are confirmed employed

40 Million likely owners of own business or running Private deal outside of tax net

 

[iPhone]

I only talk Facts people

200,000,000 Million Population Size x Every one donates 100 Dollar = 20,000,000,000 (20 Billion Dollars)


Job Going people in Pakistan

62,230,000 People ​

We don't have stats on people who work for their own business

a) Shops they own
b) Taxi they drive
c) Bus they drive
d) Restaurant they run
e) Small Shops


62,230,000 People x 100 dollar = 6.2 Billion Dollars
62,230,000 People x 200 Dollar = 12 Billion Dollars

Are you for real? Dollar isnt a local currency that’s readily available to all Pakistanis. Are we printing dollars in Pakistan that I don’t know about? I think you understand dollars as ruppee or something.

 

[AZADPAKISTAN2009]

9,000 Rupees in term of what Pakistani people understand

About same as eating Pizza hut pizza 5 times in years


There are 150,000,000 Million Cell phone users , walking around with 300 Dollar cell phones who charge every 15-20 days their cell phone cards or pay monthly bills

 

[313ghazi]

It’s not going to be an easy 6 to 12 months, things might get little bumpy before government can provide any relief to people.

To improve current economic conditions:
1) Fixing FBR: Once FBR is fixed and functional, it will become easy to collect taxes from big fish.
2) Fixing state institutions: PIA, Steel mill, etc.
3) Economic policies that attract investment
3a) Investment in Housing sector
3b) Investment in IT
3c) Investment in CEPC (Gwadar and CPEC route)
3D) Investment in Tourism (building hotel, resorts, cabins, etc)



What does fixing FBR, improving state institutions, setting up industries, building dams, improving healthcare and Education system has to do with IMF loans taken by previous government? Isn’t it government responsibility to do all of this? PTI governments trying to bring all of these changes, did they come from a different planet? Why couldn’t government before them think of these things? Why?
I hate his horse $hit mindset that blame everything on previous governments and not bring any changes and catch any thief’s.

Do you think your wishlist is achievable overnight? We don't have the cash to pay the installments for next 2 months debt and you want to wait for CPEC?

He has announced policies for many of the things you slated, but ultimately it may take a decade or more for the reforms to have a proper impact.

I only talk Facts people

200,000,000 Million Population Size x Every one donates 100 Dollar = 20,000,000,000 (20 Billion Dollars)


Job Going people in Pakistan

62,230,000 People ​

We don't have stats on people who work for their own business

a) Shops they own
b) Taxi they drive
c) Bus they drive
d) Restaurant they run
e) Small Shops


62,230,000 People x 100 dollar = 6.2 Billion Dollars
62,230,000 People x 200 Dollar = 12 Billion Dollars

Do you know how much of our population lives on 500rs a day?

 

[AZADPAKISTAN2009]

62 Million People don't .... lets start from there Them rich ppl

Then we bring in the Permits for shops / Qurbani Tax / Road tolls to capture other 40 million who are out of tax system

 

[Hakikat ve Hikmet]

62 Million People don't .... lets start from there

Then we bring in the Permits for shops / Qurbani Tax / Road tolls to capture other 40 million who are out of tax system

40m (undocumented)/60m (total) = ~70%

70% of Pak's economy is undocumented as per the Association of Chartered Accountants!!! No need to belie their attestations since they're the folks who "cook" the books...

 

[AZADPAKISTAN2009]

Pakistan has tones of money

• Everyone lives in non mortgaged housing, cash purchases of land and property
• Property is range 80,000 Dollar to 375,000 Dollar
• All the undocumented economy workers , they work and take 100% income

You go to night restaurants even a Theele wala is making a killing selling 20,000 worth of tika kabab in 1 night

Even Faluda wala bank account is turning up with 2-3 Crore (200,000 USD)

The rona dhona about poverty is only for IMF , I am Pakistani I know how much cash people have and their rich life styles


100 Million -150 Million have money

• May be ok 50 million folks have economic challenge but even they are willing to give something

GOVERNMENT IS BROKE IS NOT SAME AS PEOPLE ARE BROKE