The Ugly Truth About Pak Economy: A Brief History

[Mangus Ortus Novem]

Today is the product of yesterday...and yesterday of the day before.....


Todays economic problems are the continum of ugly mismanagement, neglect, indifference and criminal plunder.

Quite amazing, sad even, that Paks are talking about the condition of their economic life without fundamenetal understanding what has happened to them.

What #CriminalEnterprise did to them... and still doing.

Let us revisit this ensuing tragedy from day one of Pak State

First Days of Pakistan:

The state borrowed from a Pak Banker... since when Pakistan came into being...there was no money and the good Indians withheld money necessary for the functioning of the nascent state. Ghandi struck hunger to have the funds released. Good Ghandi.

1950s.

Karachi drove the early industrial growth... rest of the Pak was in time capsule. The trader, merchant, banker and industrial class emerged.

There was no Pak State policy in this. But rather this growth was driven by individuals and business families.

Pak State was busy flirting with superpowers and internal politics. Zero policy of any dimension. Rather it was British system running the state.

Political impasse. National Identity responsibility of Radio Pak. No debt to worry about. Life is good.

1960s.

Finally take off. Dams. GDP growth. Industrial Policy and fast development.

Pak became a lender. A case study. Just look at those black & white pics of Chinese PM visiting Karachi.

With growing economy and mordernising military Pak State began enjoying respect from the so-called Islamic world as well.

Foundation laid for CPEC. Sino-Pak Friendship was sealed after this. KKH. If anyone deserves the credit for CPEC its is the Chinese State and none other.

1970s.

BD debacle... didn't create any economic dent because economic and financial fundamentals were right.

Enter ZAB.

ZAB thought he was Mao. He thought that strength of Pak State was him. He thought he was Pak State.

In his short time the damage he did to the economy, education and fianancial sector laid the foundation of permanent economic stagnation of Paks and Pak State.

No need to go into details. It is the end results that matter.

Enter Zia...the reluctant dictator....to become permanent protector of religion.

1980s:

Afghan jihad. A great commercial enterprise... entire banks were created to finance this 'holy war'. Both whites and browns made loads of money. Yeah... freedom fighters in the Whitehouse... Islam in danger... yeah... let's rent the country and make money....yeah. Life is good

Zero economic policy. Living of renting the State and Pak People. #DieselMullahs became fatter.

Exit America.

Zia in Heaven.

BB in power because ZAB cann't die. ZAB is still alive and will remain so for next 30 years.

BB and IPPs. First takeover by #CriminalEnterprise.

Please, note that Zia and the following rulers could have built many dams and hydropowers. But Zero State Policy for country or people. Strategic Locatin... yeah. Let us just rent...why work.

Here indian deepstate deserves 10 out of 10. They invested heavily in their assets in Pak bureaucracy and political parties to oppose dams. Indians think long term.

1990s.

The democracy of NS and BB... get-rich-quick-schemes. Zero policy of any kind.

1992 Money Bill to facilitate money laundering courtesy #EconomicHitman appearing on TV these days.

Mushy Years:

Despite debt restructuring he did jack. He had every possibility to build dams. He had absolute power and an America behind him. All he did was to remain in power because the reverse-jihad was on in AF again. Strategic Location... yeah... let's rent more.

He was totally surrounded by the #CriminalEnterprise . The aid that came went out as quickly.

Zardari Gifts:

Borrow as if there is no tomorrow and get the $ out equally quickly. Besides his assignment was to increase debt. ZAB was alive and dandy.

Zero Reforms. Borrow and spend. Borrow and spend.

The laws and amendments were passed which lay the foundation for creating long term breakup of the country.

TTP got finannced and equipped. Do you remember the Zardari's ambassador?

Gang wars in Karachi. Zero economic growth apart from mafias.

NS Gifts:

Borrow at expensive rates and create showpieces of 'development'. Manipulate figures and create artificial growth through increasing imports by keeping PKR strong.

Charge duties on imports instead of creating a stable tax base.

Zero Reforms. Borrow and spend. Borrow and spend.

#EconomicHitman worked in the background and facilitated the destruction of national public enterprises by this policy. He allowed systematic ballooning loss in POEs.

In the last few months NS's party introduced policies which will stagnate growth. Besides the figures of NS time were fudgged. It was an import driven growth which could only last on borrowing.

It was by design. Is there someone here who could prove it to be otherwise?

It was all designed for default.

TTP on full swing... Pak Armed Forces the target... all out effort to create a Syria. But it failed.

Karachi gang war peaked and then enter Rangers.... Operation still going on. If Karachi could grow...Pak would.

Total loss: $250+ Bln in economy and 70+k deaths.

Media blaming the Pak State... Time.... great for Media Cells. Free booze, whores and property. A bag full of crisp dollars... Jouranlism is Great Business.

FATF blacklisting danger. NS regime did nothing to counter it rather facilitated this. NS regime fulfilled its assignment.

$100+ bln to become secular and nuke-free..... how much is Pak's external debt now?

IK Problems:

Save Pak from default.

Pay maturing debt. The money Pak Friends lent went to debtors. Foreign Reserves declining. Money going out quickly than coming in.

But planned default is averted. Pak just returned from Abyss.

Pak could have gone directly to IMF but do you know the Conditions?

When a country like Pak imports pears from NZ and cloths worth $2 Bln from abroad... how you are going to have economic growth?

PM IK cann't fight #CriminalEnterprise which has total Instuitional Capture.

SBP is still taking direction from #EconomicHitman and so is Fin Ministry.

Even in his party the #CriminalEnterprise has deep penetration... electables.

IPPs keeping State and People hostage. Who is behind these IPPs? How much has been paid so far? WB reports 18+ Bln loss in electricity.

This year alone Pak has matured payable debt of $9+ Bln.

The only 'blame' that could be laid on Fin Minister is that he didn't ban all imports apart from edible oils, feul and absolutely necessary foodstuff for the poor.

But there are crazy FTAs and WTO to worry about all courtesy of imported democracy.

Thank you, Condy!

But still import ban is necessary.

A country sitting on abundant energy resources cann't even extract them.

There is already discovered oil and gas in KPK. But LNG was more profitable for the #CriminalEnterprise.

Now would like to know from Paks: What do you think Pak State must do?


Average money laundering $10+ Bln every year. FATF with a knife on your throat. IMF playing virgin... media cells day and night playing the game....

Can any other Fin Minister could have done better?

And is that magical 'better'? Borrow and Spend?

Thinking is hardest job. Paks must learn to think. For once have a policy framework of becoming an economically, socially and financially viable state. Think!


#BanImportsPak




.

 

[Imran Khan]

We need solutions man

 

[shah_123]

It's easy to write #banimportspak

 

[KhalaiMakhlooq]

A very good article that is detailed and well presented, thank you author for this information. I must say that Pakistan is due credit where credit is due and that is of course none other than the people who work hard everyday for the secure financial future for themselves and their families. There is also credit due to those amongst the people of Pakistan who drive forward Pakistan's future, specifically those who innovate and those who run small enterprise.

It can be tough living in a financial world where many of the decisions that are vital to the success of an economy are made by faceless people in unknown places, but yet the people see the rewards of these policies.

Although the article may be from a political view it is important to note that Pakistan was always at a financial disadvantage from the start due to loosing major financial centres, established by the British to India. That said, Pakistan's economic decision makers are highly educated and never take decisions without considering the impact to Pakistan and the wider international system.

There is urgent need for important changes to be made to the core of the way things are in the central bank. This is not the decisions of the bank, but the government of Pakistan who is ultimately responsible for policy change.

That has changed over time, and yes there could have been deep institutional corruption, but no evidence to this day has been brought forward to show us beyond a shadow of the doubt of what was done by who. We can dwell on the past and argue amongst ourselves about what was, or we can look forward to a brighter future towards wide ranging economic reforms.

Pakistan, I believe, is making exciting changes in the light of a new financial world that is shown with the 2025 digital first plan. Until then we can continue to work hard for the financial security, freedom and stability of all of Pakistan.

 

[Indus Pakistan]

Today is the product of yesterday...and yesterday of the day before.....


Todays economic problems are the continum of ugly mismanagement, neglect, indifference and criminal plunder.

Quite amazing, sad even, that Paks are talking about the condition of their economic life without fundamenetal understanding what has happened to them.

What #CriminalEnterprise did to them... and still doing.

Let us revisit this ensuing tragedy from day one of Pak State

First Days of Pakistan:

The state borrowed from a Pak Banker... since when Pakistan came into being...there was no money and the good Indians withheld money necessary for the functioning of the nascent state. Ghandi struck hunger to have the funds released. Good Ghandi.

1950s.

Karachi drove the early industrial growth... rest of the Pak was in time capsule. The trader, merchant, banker and industrial class emerged.

There was no Pak State policy in this. But rather this growth was driven by individuals and business families.

Pak State was busy flirting with superpowers and internal politics. Zero policy of any dimension. Rather it was British system running the state.

Political impasse. National Identity responsibility of Radio Pak. No debt to worry about. Life is good.

1960s.

Finally take off. Dams. GDP growth. Industrial Policy and fast development.

Pak became a lender. A case study. Just look at those black & white pics of Chinese PM visiting Karachi.

With growing economy and mordernising military Pak State began enjoying respect from the so-called Islamic world as well.

Foundation laid for CPEC. Sino-Pak Friendship was sealed after this. KKH. If anyone deserves the credit for CPEC its is the Chinese State and none other.

1970s.

BD debacle... didn't create any economic dent because economic and financial fundamentals were right.

Enter ZAB.

ZAB thought he was Mao. He thought that strength of Pak State was him. He thought he was Pak State.

In his short time the damage he did to the economy, education and fianancial sector laid the foundation of permanent economic stagnation of Paks and Pak State.

No need to go into details. It is the end results that matter.

Enter Zia...the reluctant dictator....to become permanent protector of religion.

1980s:

Afghan jihad. A great commercial enterprise... entire banks were created to finance this 'holy war'. Both whites and browns made loads of money. Yeah... freedom fighters in the Whitehouse... Islam in danger... yeah... let's rent the country and make money....yeah. Life is good

Zero economic policy. Living of renting the State and Pak People. #DieselMullahs became fatter.

Exit America.

Zia in Heaven.

BB in power because ZAB cann't die. ZAB is still alive and will remain so for next 30 years.

BB and IPPs. First takeover by #CriminalEnterprise.

Please, note that Zia and the following rulers could have built many dams and hydropowers. But Zero State Policy for country or people. Strategic Locatin... yeah. Let us just rent...why work.

Here indian deepstate deserves 10 out of 10. They invested heavily in their assets in Pak bureaucracy and political parties to oppose dams. Indians think long term.

1990s.

The democracy of NS and BB... get-rich-quick-schemes. Zero policy of any kind.

1992 Money Bill to facilitate money laundering courtesy #EconomicHitman appearing on TV these days.

Mushy Years:

Despite debt restructuring he did jack. He had every possibility to build dams. He had absolute power and an America behind him. All he did was to remain in power because the reverse-jihad was on in AF again. Strategic Location... yeah... let's rent more.

He was totally surrounded by the #CriminalEnterprise . The aid that came went out as quickly.

Zardari Gifts:

Borrow as if there is no tomorrow and get the $ out equally quickly. Besides his assignment was to increase debt. ZAB was alive and dandy.

Zero Reforms. Borrow and spend. Borrow and spend.

The laws and amendments were passed which lay the foundation for creating long term breakup of the country.

TTP got finannced and equipped. Do you remember the Zardari's ambassador?

Gang wars in Karachi. Zero economic growth apart from mafias.

NS Gifts:

Borrow at expensive rates and create showpieces of 'development'. Manipulate figures and create artificial growth through increasing imports by keeping PKR strong.

Charge duties on imports instead of creating a stable tax base.

Zero Reforms. Borrow and spend. Borrow and spend.

#EconomicHitman worked in the background and facilitated the destruction of national public enterprises by this policy. He allowed systematic ballooning loss in POEs.

In the last few months NS's party introduced policies which will stagnate growth. Besides the figures of NS time were fudgged. It was an import driven growth which could only last on borrowing.

It was by design. Is there someone here who could prove it to be otherwise?

It was all designed for default.

TTP on full swing... Pak Armed Forces the target... all out effort to create a Syria. But it failed.

Karachi gang war peaked and then enter Rangers.... Operation still going on. If Karachi could grow...Pak would.

Total loss: $250+ Bln in economy and 70+k deaths.

Media blaming the Pak State... Time.... great for Media Cells. Free booze, whores and property. A bag full of crisp dollars... Jouranlism is Great Business.

FATF blacklisting danger. NS regime did nothing to counter it rather facilitated this. NS regime fulfilled its assignment.

$100+ bln to become secular and nuke-free..... how much is Pak's external debt now?

IK Problems:

Save Pak from default.

Pay maturing debt. The money Pak Friends lent went to debtors. Foreign Reserves declining. Money going out quickly than coming in.

But planned default is averted. Pak just returned from Abyss.

Pak could have gone directly to IMF but do you know the Conditions?

When a country like Pak imports pears from NZ and cloths worth $2 Bln from abroad... how you are going to have economic growth?

PM IK cann't fight #CriminalEnterprise which has total Instuitional Capture.

SBP is still taking direction from #EconomicHitman and so is Fin Ministry.

Even in his party the #CriminalEnterprise has deep penetration... electables.

IPPs keeping State and People hostage. Who is behind these IPPs? How much has been paid so far? WB reports 18+ Bln loss in electricity.

This year alone Pak has matured payable debt of $9+ Bln.

The only 'blame' that could be laid on Fin Minister is that he didn't ban all imports apart from edible oils, feul and absolutely necessary foodstuff for the poor.

But there are crazy FTAs and WTO to worry about all courtesy of imported democracy.

Thank you, Condy!

But still import ban is necessary.

A country sitting on abundant energy resources cann't even extract them.

There is already discovered oil and gas in KPK. But LNG was more profitable for the #CriminalEnterprise.

Now would like to know from Paks: What do you think Pak State must do?


Average money laundering $10+ Bln every year. FATF with a knife on your throat. IMF playing virgin... media cells day and night playing the game....

Can any other Fin Minister could have done better?

And is that magical 'better'? Borrow and Spend?

Thinking is hardest job. Paks must learn to think. For once have a policy framework of becoming an economically, socially and financially viable state. Think!


#BanImportsPak




.

In my estimation the problem with the Pakistani economy is there is almost no wealth creation. It's all about renting or exporting raw products with zero value addition. Has anybody ever thought. What exactly does Pakistan make? For a country of 200 million the answer is nothing. It's all about exporting raw natures produce or renting -

• exporting raw agri produce. Rice, cotton etc
• exporting workers and living off their rent income
• renting Pakistan's geography to great powers like USA

This about sums Pakistan's economy and so called industrialists.All are rent seekers. Non is a entrepreneur

 

[Sine Nomine]

Today is the product of yesterday...and yesterday of the day before.....


Todays economic problems are the continum of ugly mismanagement, neglect, indifference and criminal plunder.

Quite amazing, sad even, that Paks are talking about the condition of their economic life without fundamenetal understanding what has happened to them.

What #CriminalEnterprise did to them... and still doing.

Let us revisit this ensuing tragedy from day one of Pak State

First Days of Pakistan:

The state borrowed from a Pak Banker... since when Pakistan came into being...there was no money and the good Indians withheld money necessary for the functioning of the nascent state. Ghandi struck hunger to have the funds released. Good Ghandi.

1950s.

Karachi drove the early industrial growth... rest of the Pak was in time capsule. The trader, merchant, banker and industrial class emerged.

There was no Pak State policy in this. But rather this growth was driven by individuals and business families.

Pak State was busy flirting with superpowers and internal politics. Zero policy of any dimension. Rather it was British system running the state.

Political impasse. National Identity responsibility of Radio Pak. No debt to worry about. Life is good.

1960s.

Finally take off. Dams. GDP growth. Industrial Policy and fast development.

Pak became a lender. A case study. Just look at those black & white pics of Chinese PM visiting Karachi.

With growing economy and mordernising military Pak State began enjoying respect from the so-called Islamic world as well.

Foundation laid for CPEC. Sino-Pak Friendship was sealed after this. KKH. If anyone deserves the credit for CPEC its is the Chinese State and none other.

1970s.

BD debacle... didn't create any economic dent because economic and financial fundamentals were right.

Enter ZAB.

ZAB thought he was Mao. He thought that strength of Pak State was him. He thought he was Pak State.

In his short time the damage he did to the economy, education and fianancial sector laid the foundation of permanent economic stagnation of Paks and Pak State.

No need to go into details. It is the end results that matter.

Enter Zia...the reluctant dictator....to become permanent protector of religion.

1980s:

Afghan jihad. A great commercial enterprise... entire banks were created to finance this 'holy war'. Both whites and browns made loads of money. Yeah... freedom fighters in the Whitehouse... Islam in danger... yeah... let's rent the country and make money....yeah. Life is good

Zero economic policy. Living of renting the State and Pak People. #DieselMullahs became fatter.

Exit America.

Zia in Heaven.

BB in power because ZAB cann't die. ZAB is still alive and will remain so for next 30 years.

BB and IPPs. First takeover by #CriminalEnterprise.

Please, note that Zia and the following rulers could have built many dams and hydropowers. But Zero State Policy for country or people. Strategic Locatin... yeah. Let us just rent...why work.

Here indian deepstate deserves 10 out of 10. They invested heavily in their assets in Pak bureaucracy and political parties to oppose dams. Indians think long term.

1990s.

The democracy of NS and BB... get-rich-quick-schemes. Zero policy of any kind.

1992 Money Bill to facilitate money laundering courtesy #EconomicHitman appearing on TV these days.

Mushy Years:

Despite debt restructuring he did jack. He had every possibility to build dams. He had absolute power and an America behind him. All he did was to remain in power because the reverse-jihad was on in AF again. Strategic Location... yeah... let's rent more.

He was totally surrounded by the #CriminalEnterprise . The aid that came went out as quickly.

Zardari Gifts:

Borrow as if there is no tomorrow and get the $ out equally quickly. Besides his assignment was to increase debt. ZAB was alive and dandy.

Zero Reforms. Borrow and spend. Borrow and spend.

The laws and amendments were passed which lay the foundation for creating long term breakup of the country.

TTP got finannced and equipped. Do you remember the Zardari's ambassador?

Gang wars in Karachi. Zero economic growth apart from mafias.

NS Gifts:

Borrow at expensive rates and create showpieces of 'development'. Manipulate figures and create artificial growth through increasing imports by keeping PKR strong.

Charge duties on imports instead of creating a stable tax base.

Zero Reforms. Borrow and spend. Borrow and spend.

#EconomicHitman worked in the background and facilitated the destruction of national public enterprises by this policy. He allowed systematic ballooning loss in POEs.

In the last few months NS's party introduced policies which will stagnate growth. Besides the figures of NS time were fudgged. It was an import driven growth which could only last on borrowing.

It was by design. Is there someone here who could prove it to be otherwise?

It was all designed for default.

TTP on full swing... Pak Armed Forces the target... all out effort to create a Syria. But it failed.

Karachi gang war peaked and then enter Rangers.... Operation still going on. If Karachi could grow...Pak would.

Total loss: $250+ Bln in economy and 70+k deaths.

Media blaming the Pak State... Time.... great for Media Cells. Free booze, whores and property. A bag full of crisp dollars... Jouranlism is Great Business.

FATF blacklisting danger. NS regime did nothing to counter it rather facilitated this. NS regime fulfilled its assignment.

$100+ bln to become secular and nuke-free..... how much is Pak's external debt now?

IK Problems:

Save Pak from default.

Pay maturing debt. The money Pak Friends lent went to debtors. Foreign Reserves declining. Money going out quickly than coming in.

But planned default is averted. Pak just returned from Abyss.

Pak could have gone directly to IMF but do you know the Conditions?

When a country like Pak imports pears from NZ and cloths worth $2 Bln from abroad... how you are going to have economic growth?

PM IK cann't fight #CriminalEnterprise which has total Instuitional Capture.

SBP is still taking direction from #EconomicHitman and so is Fin Ministry.

Even in his party the #CriminalEnterprise has deep penetration... electables.

IPPs keeping State and People hostage. Who is behind these IPPs? How much has been paid so far? WB reports 18+ Bln loss in electricity.

This year alone Pak has matured payable debt of $9+ Bln.

The only 'blame' that could be laid on Fin Minister is that he didn't ban all imports apart from edible oils, feul and absolutely necessary foodstuff for the poor.

But there are crazy FTAs and WTO to worry about all courtesy of imported democracy.

Thank you, Condy!

But still import ban is necessary.

A country sitting on abundant energy resources cann't even extract them.

There is already discovered oil and gas in KPK. But LNG was more profitable for the #CriminalEnterprise.

Now would like to know from Paks: What do you think Pak State must do?


Average money laundering $10+ Bln every year. FATF with a knife on your throat. IMF playing virgin... media cells day and night playing the game....

Can any other Fin Minister could have done better?

And is that magical 'better'? Borrow and Spend?

Thinking is hardest job. Paks must learn to think. For once have a policy framework of becoming an economically, socially and financially viable state. Think!


#BanImportsPak




.

Yawan all you wanted to tell us was that,don't have any hope from PTI because past Mafias have penetrated state so much that PTI isn't able to dig those canals of honey and milk what they promised before making Government.Seriously you should have told us all this in start.
IK is man incharge,he should hang all of them and we don't care.Almost all of his party is made up of mess from past.

 

[CHACHA"G"]

We need solutions man

Are you ready for solutions ? Are we all ready ? ? ? Most importantly are our state ready ??? And are our importer mafia ready ???
If yes then here are 2 basic and easy to do solutions:

1. Ban almost all imports ….. Ban mobile , home electronics import as start , tell the campiness to establish plants in Pakistan or bye bye ….. This act will safe you 2+ Billion $$$ ,,,,, Ban all garments imprts , we are textile country and still importing garments and spending almost 2 Billion $$ , this ban will safe an other 2 billion .. Total saving 4 Billion $$$
2. Tell all the companies to start making (all types) raw material in Pakistan (at least 75%) that will safe billions and this very act will reduce Medicine prices , Pesticide prices and what not!!

Rest build local small and medium industry , start IT industry and many more things , make sure we can get 1+ million Jobs in GCC for Pakistanis and make sure at least 50% of these jobs are B and B+ category ..

 

[Indus Pakistan]

Karachi still wipes the floor with every other part of Pakistan

I will sum it up as following. The northern part of Pakistan exports workers to be rented to oil rich countries or the west. That brings in income in form of remittances. The agricultural regions of central Pakistan produce the cotton etc which is exported with minimal value addition to generate some foreign exchange. The country is rented out at strategic level to USA or GCC which in fits/starts brings dollar packages. Karachi? Like a guy sat at the only junction* in town sits there and skins the fat of anything that moves in or out of the country and by using the franchise monopoly to fleece the demand created because of huge foreign remittances like cars, fast food etc. Simple. Get a contract with foreign company and set up a knock off cottage to cater for restricted imports. Like cars. McDs, fridges etc and then act big.

Every single bolt, nut, cup bought or exported by 200 million goes through the only port in Pakistan and you know where that is. Skin the fat aas it moves in and out. Rent seeking at it's best.

 

[Sine Nomine]

Are you ready for solutions ? Are we all ready ? ? ? Most importantly are our state ready ??? And are our importer mafia ready ???
If yes then here are 2 basic and easy to do solutions:

1. Ban almost all imports ….. Ban mobile , home electronics import as start , tell the campiness to establish plants in Pakistan or bye bye ….. This act will safe you 2+ Billion $$$ ,,,,, Ban all garments imprts , we are textile country and still importing garments and spending almost 2 Billion $$ , this ban will safe an other 2 billion .. Total saving 4 Billion $$$
2. Tell all the companies to start making (all types) raw material in Pakistan (at least 75%) that will safe billions and this very act will reduce Medicine prices , Pesticide prices and what not!!

Rest build local small and medium industry , start IT industry and many more things , make sure we can get 1+ million Jobs in GCC for Pakistanis and make sure at least 50% of these jobs are B and B+ category ..

You should be hired as FM of Pakistan,so you can add a catalyst to our national misery.Don't you think countries from where we are importing would reciprocate?

 

[Mangus Ortus Novem]

We need solutions man

IK, my man... always liked you. A balance, pragmatic, patriotic man. I like that in a Pak!

Let the thread run...if it doesn't decend into usual uselessness of meaningless comments.... then solutions I shall share as well. And I will tag you, certainly.

What do you think should be solutions?

 

[Sine Nomine]

I will sum it up as following. The northern part of Pakistan exports workers to be rented to oil rich countries or the west. That brings in income in form of remittances. The agricultural regions of central Pakistan produce the cotton etc which is exported with minimal value addition to generate some foreign exchange. The country is rented out at strategic level to USA or GCC which in fits/starts brings dollar packages. Karachi? Like a guy sat at the only junction* in town sits there and skins the fat of anything that moves in or out of the country and by using the franchise monopoly to fleece the demand created because of huge foreign remittances like cars, fast food etc. Simple. Get a contract with foreign company and set up a knock off cottage to cater for restricted imports. Like cars. McDs, fridges etc and then act big.

Every single bolt, nut, cup bought or exported by 200 million goes through the only port in Pakistan and you know where that is. Skin the fat aas it moves in and out. Rent seeking at it's best.

Basically because all import export taxation is mostly done at Karachi Port, and money is deposited in nearest banks to the port.For some of them that makes karachi feeding that whole State.By their logic the teller staff at those bank is mai baap of Pakistan because they are collecting cash.

 

[Imran Khan]

IK, my man... always liked you. A balance, pragmatic, patriotic man. I like that in a Pak!

Let the thread run...if it doesn't decend into usual uselessness of meaningless comments.... then solutions I shall share as well. And I will tag you, certainly.

What do you think should be solutions?

Tbh i dont know about economy i want to be fixed only

 

[Syed1.]

I will sum it up as following. The northern part of Pakistan exports workers to be rented to oil rich countries or the west. That brings in income in form of remittances. The agricultural regions of central Pakistan produce the cotton etc which is exported with minimal value addition to generate some foreign exchange. The country is rented out at strategic level to USA or GCC which in fits/starts brings dollar packages. Karachi? Like a guy sat at the only junction* in town sits there and skins the fat of anything that moves in or out of the country and by using the franchise monopoly to fleece the demand created because of huge foreign remittances like cars, fast food etc. Simple. Get a contract with foreign company and set up a knock off cottage to cater for restricted imports. Like cars. McDs, fridges etc and then act big.

Every single bolt, nut, cup bought or exported by 200 million goes through the only port in Pakistan and you know where that is. Skin the fat aas it moves in and out. Rent seeking at it's best.

SITE, Korangi, Landhi and Nooriabad are by far some of the biggest industrial estates in the country. Guess where they are located.



Paindu people from some pind in Punjab can only do agriculture. Don't bring your jahalat here and go drink your lassi and eat makayi ki roti while Karachi works for the whole of the country.

 

[Indus Pakistan]

Rent seekers -

*Auto companies that have franchise agreements with multinanationals - Toyota, Suzuki, Hinopak, Honda plus others that fail to export one car abroad but fleece the local customer.
*foreign franchises like McD's, Hardees, PizzaHut etc who produce no wealth but just suck up the foreign remittances and export them abroad.
*dozens of others similiarly involved as 'gate keepers' who fleece the customer because of monopolies.

 

[Imran Khan]

Are you ready for solutions ? Are we all ready ? ? ? Most importantly are our state ready ??? And are our importer mafia ready ???
If yes then here are 2 basic and easy to do solutions:

1. Ban almost all imports ….. Ban mobile , home electronics import as start , tell the campiness to establish plants in Pakistan or bye bye ….. This act will safe you 2+ Billion $$$ ,,,,, Ban all garments imprts , we are textile country and still importing garments and spending almost 2 Billion $$ , this ban will safe an other 2 billion .. Total saving 4 Billion $$$
2. Tell all the companies to start making (all types) raw material in Pakistan (at least 75%) that will safe billions and this very act will reduce Medicine prices , Pesticide prices and what not!!

Rest build local small and medium industry , start IT industry and many more things , make sure we can get 1+ million Jobs in GCC for Pakistanis and make sure at least 50% of these jobs are B and B+ category ..

This is nothing 4bn or 6bn we need save al.ost 15bn to 20bn