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

[Dubious]

100 Million -150 Million have money

I would say some 5 million have millions to billions...While about a 95 million have close to nothing (yup close to 50%)...rest are in between!

300 Dollar cell phones

Even I dont have that expensive of a phone! Where you getting this stats?!

 

[Sliver]

This is called the IMF satanic debt cycle.

a Loan is given so you tide over your bad times but use the time to correct the underlying reason why you got three in the first place.
if the underlying reason is not fixed, then the process will only repeat.

 

[AZADPAKISTAN2009]

So if we remove the elderly and Children below 15 ... we are still left with massive 132 Million people who should be paying 100% tax

The state is expected to Pay "PENSION"
The state is expected to make Hospitals
The state is expected to make schools
The state is expected to keep streets safe

But the 132 Million People , in Tax brackets can't pay their share

But they will pay Japan 300 Dollar for Camera for each person's own luxury needs


132 Million x 100 Dollar Tax = 13 Billion Dollars
132 Million x 200 Dollar Tax = 26 Billion Dollar
132 Million x 300 Dollar Tax = 39 Billion Dollar That is our potential

Also most children get pocket money and many Elderly get money from Government and their children

Never doubt the spirit of our Children and Elderly people folks they are donating even for damn fund

People who are in age group 15-60 is the issue in Pakistan

 

[jupiter2007]

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.



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

Who said it's achievable in overnight?

Majority of the stuff is achievable in 5 years.

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)

 

[313ghazi]

Who said it's achievable in overnight?

Majority of the stuff is achievable in 5 years.

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)

InshaAllah it will be, the govt has launched policies in all these areas, we shall have to wait and see if it is just talk or action. The sad truth is our finance is in such a situation where we cannot afford to make the payments in the near future, ie within months - hence the need for a bailout.

If we default, our situation will be even more desperate - our currency will have no worth, it would be even harder to buy oil or gas (because people know we wont pay our bill), it'd be even harder to get loans and they would have even harsher conditions.

The IMF and borrowing etc is no good - i hope to live to see a day where we never need to do so again. Unfortunately right now for us, we don't have any sensible choices.

 

[Champion_Usmani]

https://twitter.com/x/status/1055681651676758016

 

[Champion_Usmani]

https://twitter.com/x/status/1056606525844639746

https://twitter.com/x/status/1056615354829586433

 

[VCheng]

ou 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!

I can only hope that is naya approach by the present government will be able to deliver actual and useful results for the country.

 

[LeGenD]

@AZADPAKISTAN2009

Can you elaborate your point in brief?