State of confusion: Excise dept stumped by vehicle tax hike

[Sine Nomine]

70 saal ki baat hai koi 70 din ki nahi
25 ya 30 saal to lagain ga

Kaka jinhou nai kuch kar kai dikhana hou wo pehley din dekha detey hain.

 

[B.K.N]

Kaka jinhou nai kuch kar kai dikhana hou wo pehley din dekha detey hain.

Aap bhi 69 ka hain Kya karliya hai is 2/3 century main

 

[AZ1]

Yeh jo saray masoom ban kar roo rahay hai.

Metro train khao aur roads ka jaal jo PMLN nei loan lei kar banaya aus per so jana.
$4 billion ki train yeh nahi soucha $ kaha se jama karo ge yeh billion wapus karnay ke liye.


Idiots will remain idiots no matter what taxes do g mulk chalay ga. Corrupt ka jo ha hai wo tv dekh lo rooz roo rahay. Paisa lana asaan nahi it will take years wo bhi pata nahi kitney years but current jo mulk chalaanay ke liye paisa chaye wo tou daina hoga awaam nei hi 10 corrupt leader latay rahay vote dei kar ab masoom ban rahay jesay Pakistan ki econony china jesi thi jab Imran aya.

 

[Sine Nomine]

Aap bhi 69 ka hain Kya karliya hai is 2/3 century main

Beta torha nechey lekin bahut kuch kiya hai.

 

[B.K.N]

Beta torha nechey lekin bahut kuch kiya hai.

Bahut kuch Matlab prime minister bhi reh chukay hain

 

[Sine Nomine]

Bahut kuch Matlab prime minister bhi reh chukay hain

Wo tou koi bhe baiemman bun sukta hai bakool qomey youth kai aur aik nashai bhe bun sukta hai bakool patwariyon kai,mai in mai sai kuch nahi hoan

 

[Abdussamad]

Dude, You have to learn basics of money creation and how central banks work, bank note is not comic book where you minus the cost of production from sales price to calculate profit, if money creation would have been working this way than governments would have been installing printing presses instead of taxing people for revenues.

How do hell you think our government is being funded? Fiscal deficit is at 7% of GDP and the financing for that is coming from the central bank printing presses. It is creating new money which it is lending to the government and yes this is highly inflationary!

The central bank does profit from the difference between the face value and cost of production of currency notes and this is called seigniorage. It also profits from other things.

(Note I'm not saying all or even most of the money created by the central bank is in the form of notes. Most of it is electronic. However they do make profit from the notes and that's one reason why its so hard to get change in Pakistan - the government prints more high denomination notes and fewer low denomination ones because its more profitable.)

Please do some research on how commercial bank operates. Every cent in banks is backed by physical currency.

LOL hell no! Mostly it's backed by nothing. Read up about fractional reserve. Also what backing they have is in the form of treasury bills. These are not physical bits of paper but electronic balances in their accounts with the central bank.

I don't think there's any point in continuing this conversation with you since you don't even understand the basics. What's more you are arrogant as hell!

 

[Sugarcane]

How do hell you think our government is being funded? Fiscal deficit is at 7% of GDP and the financing for that is coming from the central bank printing presses. It is creating new money which it is lending to the government and yes this is highly inflationary!

Dude, That's what I already told you that Central Banks print currency and buys government debts/bonds (aka fiscal deficit) with it and earn interests on these debts and bonds which is profit of central bank not cost of printing note minus face value of currency notes.

The central bank does profit from the difference between the face value and cost of production of currency notes and this is called seigniorage. It also profits from other things.

(Note I'm not saying all or even most of the money created by the central bank is in the form of notes. Most of it is electronic. However they do make profit from the notes and that's one reason why its so hard to get change in Pakistan - the government prints more high denomination notes and fewer low denomination ones because its more profitable.)

Looks like you haven't read (or comprehended if you have read) the link you are quoting. Try to re-read below line from your link and understand it "Seigniorage derived from notes is more indirect; it is the difference between interest earned on securities acquired in exchange for banknotes and the cost of producing and distributing the notes".

Printing currency note is actually overhead for central banks which they cut down by reducing demand of currency notes by forcing people to go digital, it will increase the profits of central bank as cost of printing banknotes and distribution will reduce drastically. Higher denomination exchange notes for banks for settlements.

LOL hell no! Mostly it's backed by nothing. Read up about fractional reserve. Also what backing they have is in the form of treasury bills. These are not physical bits of paper but electronic balances in their accounts with the central bank.

I don't think there's any point in continuing this conversation with you since you don't even understand the basics. What's more you are arrogant as hell!

Having software for book keeping / settlements doesn't mean things become virtual, every cent is backed with physical instrument (Coin, Currency Note, Security, T-Bills, Exchange Notes etc.) - And, Yes I also don't want to waste time on someone who think face value minus printing cost of note is profit of central banks.