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The Ugly Truth About Pak Economy: A Brief History

There are multiple solutions, here are a few of my own.

1. Government should put extremely high duty on any imports which are non necessary. This should be done in a phased approached linked up to point 2.

2. Govt should setup an office dedicated to helping develop local companies. It should focus on developing businesses;
- which grow domestic versions of stuff we import. For example, cheese and tea. We should be replacing imports with local versions.
- Which we have the biggest return for the least investment
- Which we have a population currently skilled for

3. Govt should offer economic incentives for households and SME's to use solar panels for energy. We need a national push towards moving away from fossil fuels wherever possible. If we can make 50% of our electricity which we currently make through burning oil, via the sun and wind, it's 50% less oil imported.

4. Govt should invest heavily in technical colleges working alongside industry to train youth to learn skills the market needs.

5. Govt should try to ensure essential items are available on the market at minimal cost. In my mind these are food, pharmaceuticals, energy, transport, housing. The way to do this is to have state owned, privately managed enterprises generating these things from end to end, ie raw product to manufacturing to market. China's state and German state have excellent examples of these enterprises. In our case we should run them to make low profits but make cheap goods available to the consumer domestically.

6. Any market the government intervenes in with step 5 with have local manufacturers up in arms. Govt should help each and every local business affected alter their business so that the product is export quality and help them export more of their produce.

The main crux of things is;

1. Get to work and start making money and paying your taxes.
2. Stop spending money on things you don't need to spend money on.
3. State to intervene in the market directly through private-public joint ventures to keep the cost of essentials low.
4. State to actively support private companies to help improve standards and get produce exported.

===

I personally think there is a market for people to do these things for themselves. There is a joke about engineers in Pakistan having no jobs, how about 1000 people, or 10,000 people enter a co-op, invest their resources and setup a plant to locally manufacture solar panels and everything else required to provide solar energy to a household? It requires trust - maybe a go-fund me page? or a govt mechanism to help protect that investment and make sure it's used as intended?
 
There are multiple solutions, here are a few of my own.

1. Government should put extremely high duty on any imports which are non necessary. This should be done in a phased approached linked up to point 2.

2. Govt should setup an office dedicated to helping develop local companies. It should focus on developing businesses;
- which grow domestic versions of stuff we import. For example, cheese and tea. We should be replacing imports with local versions.
- Which we have the biggest return for the least investment
- Which we have a population currently skilled for

3. Govt should offer economic incentives for households and SME's to use solar panels for energy. We need a national push towards moving away from fossil fuels wherever possible. If we can make 50% of our electricity which we currently make through burning oil, via the sun and wind, it's 50% less oil imported.

4. Govt should invest heavily in technical colleges working alongside industry to train youth to learn skills the market needs.

5. Govt should try to ensure essential items are available on the market at minimal cost. In my mind these are food, pharmaceuticals, energy, transport, housing. The way to do this is to have state owned, privately managed enterprises generating these things from end to end, ie raw product to manufacturing to market. China's state and German state have excellent examples of these enterprises. In our case we should run them to make low profits but make cheap goods available to the consumer domestically.

6. Any market the government intervenes in with step 5 with have local manufacturers up in arms. Govt should help each and every local business affected alter their business so that the product is export quality and help them export more of their produce.

The main crux of things is;

1. Get to work and start making money and paying your taxes.
2. Stop spending money on things you don't need to spend money on.
3. State to intervene in the market directly through private-public joint ventures to keep the cost of essentials low.
4. State to actively support private companies to help improve standards and get produce exported.

===

I personally think there is a market for people to do these things for themselves. There is a joke about engineers in Pakistan having no jobs, how about 1000 people, or 10,000 people enter a co-op, invest their resources and setup a plant to locally manufacture solar panels and everything else required to provide solar energy to a household? It requires trust - maybe a go-fund me page? or a govt mechanism to help protect that investment and make sure it's used as intended?

Govt should look into collecting more tax from the rich. e.g. There was a recent law, that weddings have to shut down by 11pm.

After 11pm, cops show up, collect bribe, wedding goes on till 1~2am. Solution, let people get a permit, govt wins, cops loose.

A little thinking outside the box is needed.
 
There are multiple solutions, here are a few of my own.

1. Government should put extremely high duty on any imports which are non necessary. This should be done in a phased approached linked up to point 2.

2. Govt should setup an office dedicated to helping develop local companies. It should focus on developing businesses;
- which grow domestic versions of stuff we import. For example, cheese and tea. We should be replacing imports with local versions.
- Which we have the biggest return for the least investment
- Which we have a population currently skilled for

3. Govt should offer economic incentives for households and SME's to use solar panels for energy. We need a national push towards moving away from fossil fuels wherever possible. If we can make 50% of our electricity which we currently make through burning oil, via the sun and wind, it's 50% less oil imported.

4. Govt should invest heavily in technical colleges working alongside industry to train youth to learn skills the market needs.

5. Govt should try to ensure essential items are available on the market at minimal cost. In my mind these are food, pharmaceuticals, energy, transport, housing. The way to do this is to have state owned, privately managed enterprises generating these things from end to end, ie raw product to manufacturing to market. China's state and German state have excellent examples of these enterprises. In our case we should run them to make low profits but make cheap goods available to the consumer domestically.

6. Any market the government intervenes in with step 5 with have local manufacturers up in arms. Govt should help each and every local business affected alter their business so that the product is export quality and help them export more of their produce.

The main crux of things is;

1. Get to work and start making money and paying your taxes.
2. Stop spending money on things you don't need to spend money on.
3. State to intervene in the market directly through private-public joint ventures to keep the cost of essentials low.
4. State to actively support private companies to help improve standards and get produce exported.

===

I personally think there is a market for people to do these things for themselves. There is a joke about engineers in Pakistan having no jobs, how about 1000 people, or 10,000 people enter a co-op, invest their resources and setup a plant to locally manufacture solar panels and everything else required to provide solar energy to a household? It requires trust - maybe a go-fund me page? or a govt mechanism to help protect that investment and make sure it's used as intended?
.



My friend,

A very good and structured attempt towards finding solution.

If I may ask you to read your solution and critically analyse it once again. What is the essential to implement such a plan?

Timeframe? Required resources? Required Development Model?

Somehow I know you will dig deeper....

Regards,

Mangus
 
@CHACHA"G" Import is an necessary evil its also generates revenue for govt (on many stages ) but importing luxury items should be totally banned (until we avoid such huge crisis ) we cant banned import of imp machineries for manufacturing but about other things you are right
2)Most of our taxes come from service industry and on other hand our manufacturing and producing sectors are shrinking which going to affect service industries too
3)govt should encourage(and trying as many schemes offered its up to others to avail where it can )
4)we should focus on Agri (lots of schemes offered here too by govt esp in Punjab )its the field of future not only we will get food security its can also become best export opportunity.There is reason an AUstralian company planning to put 2 billion dollars in agri.Trick is we should not lease our lands to others but sale all products by ourselves otherwise no good (nalaiqoo khud bhi kuch kar sakty hu as side business near yr villages economy ka bhi bhala plus khud kuch extra income bhi aaye gi sath 10 logon ko job)
5)we should start focusing establishing small industries lots of scope let say solar panels huge demand but here very few assembling units mostly import from china its not an rocket science (worked both on it and wind myself )
There are still lots of points to discussed and easy do ables no point only describing problems but better trying to find solutions better make an permanent thread i tried(and failed ) in many fields so any info/help i can share my pleasure.That post for my respected fellow members @Mangus Ortus Novem @Khafee @Reddington and @CHACHA"G" who like me trying to discuss/find ways to avoid this crisis
 
@CHACHA"G" Import is an necessary evil its also generates revenue for govt (on many stages ) but importing luxury items should be totally banned (until we avoid such huge crisis ) we cant banned import of imp machineries for manufacturing but about other things you are right
2)Most of our taxes come from service industry and on other hand our manufacturing and producing sectors are shrinking which going to affect service industries too
3)govt should encourage(and trying as many schemes offered its up to others to avail where it can )
4)we should focus on Agri (lots of schemes offered here too by govt esp in Punjab )its the field of future not only we will get food security its can also become best export opportunity.There is reason an AUstralian company planning to put 2 billion dollars in agri.Trick is we should not lease our lands to others but sale all products by ourselves otherwise no good (nalaiqoo khud bhi kuch kar sakty hu as side business near yr villages economy ka bhi bhala plus khud kuch extra income bhi aaye gi sath 10 logon ko job)
5)we should start focusing establishing small industries lots of scope let say solar panels huge demand but here very few assembling units mostly import from china its not an rocket science (worked both on it and wind myself )
There are still lots of points to discussed and easy do ables no point only describing problems but better trying to find solutions better make an permanent thread i tried(and failed ) in many fields so any info/help i can share my pleasure.That post for my respected fellow members @Mangus Ortus Novem @Khafee @Reddington and @CHACHA"G" who like me trying to discuss/find ways to avoid this crisis

Imports are also needed, since some items are well under Intl benchmarks. Banning imports just gives local producers an excuse not to improve - A GOOD e.g. Cheese!
 
There are multiple solutions, here are a few of my own.

1. Government should put extremely high duty on any imports which are non necessary. This should be done in a phased approached linked up to point 2.

2. Govt should setup an office dedicated to helping develop local companies. It should focus on developing businesses;
- which grow domestic versions of stuff we import. For example, cheese and tea. We should be replacing imports with local versions.
- Which we have the biggest return for the least investment
- Which we have a population currently skilled for

3. Govt should offer economic incentives for households and SME's to use solar panels for energy. We need a national push towards moving away from fossil fuels wherever possible. If we can make 50% of our electricity which we currently make through burning oil, via the sun and wind, it's 50% less oil imported.

4. Govt should invest heavily in technical colleges working alongside industry to train youth to learn skills the market needs.

5. Govt should try to ensure essential items are available on the market at minimal cost. In my mind these are food, pharmaceuticals, energy, transport, housing. The way to do this is to have state owned, privately managed enterprises generating these things from end to end, ie raw product to manufacturing to market. China's state and German state have excellent examples of these enterprises. In our case we should run them to make low profits but make cheap goods available to the consumer domestically.

6. Any market the government intervenes in with step 5 with have local manufacturers up in arms. Govt should help each and every local business affected alter their business so that the product is export quality and help them export more of their produce.

The main crux of things is;

1. Get to work and start making money and paying your taxes.
2. Stop spending money on things you don't need to spend money on.
3. State to intervene in the market directly through private-public joint ventures to keep the cost of essentials low.
4. State to actively support private companies to help improve standards and get produce exported.

===

I personally think there is a market for people to do these things for themselves. There is a joke about engineers in Pakistan having no jobs, how about 1000 people, or 10,000 people enter a co-op, invest their resources and setup a plant to locally manufacture solar panels and everything else required to provide solar energy to a household? It requires trust - maybe a go-fund me page? or a govt mechanism to help protect that investment and make sure it's used as intended?
Basically we need to put it into people's minds that working and getting HALAL ka paisa is better than sitting and being fed by others/ govt!
A family friend was just having this discussion this afternoon...that SOME people are so used to free food/ begging it is wasting our resources [the human capital is our resource]
 
So true but about cheese its also an good field to explore in last few years lots of small setup established (req very less capital ) and its demand on increase due to consumption as i said better to make small cottage/small industries
Imports are also needed, since some items are well under Intl benchmarks. Banning imports just gives local producers an excuse not to improve - A GOOD e.g. Cheese!
 
Can the mods clean this thread please. So a constructive discussion can be started on solutions rather than complaining about the ills with society and politics. I could write something about agriculture and how to improve as well as related industry. @313ghazi good attempt.
 
Basically we need to put it into people's minds that working and getting HALAL ka paisa is better than sitting and being fed by others/ govt!
A family friend was just having this discussion this afternoon...that SOME people are so used to free food/ begging it is wasting our resources [the human capital is our resource]

Remember the time when currency notes had "rizq-e-halal ain ibadat hai" written on them?
 
@CHACHA"G" Import is an necessary evil its also generates revenue for govt (on many stages ) but importing luxury items should be totally banned (until we avoid such huge crisis ) we cant banned import of imp machineries for manufacturing but about other things you are right
2)Most of our taxes come from service industry and on other hand our manufacturing and producing sectors are shrinking which going to affect service industries too
3)govt should encourage(and trying as many schemes offered its up to others to avail where it can )
4)we should focus on Agri (lots of schemes offered here too by govt esp in Punjab )its the field of future not only we will get food security its can also become best export opportunity.There is reason an AUstralian company planning to put 2 billion dollars in agri.Trick is we should not lease our lands to others but sale all products by ourselves otherwise no good (nalaiqoo khud bhi kuch kar sakty hu as side business near yr villages economy ka bhi bhala plus khud kuch extra income bhi aaye gi sath 10 logon ko job)
5)we should start focusing establishing small industries lots of scope let say solar panels huge demand but here very few assembling units mostly import from china its not an rocket science (worked both on it and wind myself )
There are still lots of points to discussed and easy do ables no point only describing problems but better trying to find solutions better make an permanent thread i tried(and failed ) in many fields so any info/help i can share my pleasure.That post for my respected fellow members @Mangus Ortus Novem @Khafee @Reddington and @CHACHA"G" who like me trying to discuss/find ways to avoid this crisis
.


My friend,

Wihtout Problem Definition entering Solution Space is futile excercise.

As I tried to narrate in my first post the problem with Pak Economy is not single point based. But rather multi layers/dimmensional. Hence the solutions are going to be equally multivectored.

I guess the 'discussion' / comments so far represent one essential problem. What do you guys think it is?

A sticky thread about Economic Solutions is @waz or other mods privilige.

Let us see what our Young Paks come up with solutions... let us ourselves be educated with their thinking.

Mangus
 

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