There is no economic crisis in the country: Finance Minister Asad Umar

[Maarkhoor]

teri hunting ka license PTI ne baicha lakin tu abhi tuk bacha hua hay

Khudaa ki qasam maza aa gaya mujhe maar ker bey-sharam kha gaya....

 

[Jinn Baba]

People think there is a financial crisis because you Mr finance minister and the PM made statements leading to such conclusions - both before and after the elections. You need to present a confident image! And concentrate more on what you are doing right and less on what previous governments did wrong. Act like we are doing better and may be people will start believing that we are.

Also, you and the PM really need to communicate more and get on the same page - because both of you give contrary statements.

 

[American Pakistani]

What a ch clown.

But him or govt alone is not sole responsible, awaam is equally responsible who love imported maal.

Pakistan's economic crises won't be solved unless we fix "imports outbalancing exports by more than double" situation.

 

[Jinn Baba]

What a ch clown.

But him or govt alone is not sole responsible, awaam is equally responsible who love imported maal.

Pakistan's economic crises won't be solved unless imports out balance exports by more than double.

Can't blame the public for buying things they need when the same aren't being produced locally. Higher tariffs and other incentives may lead to local investment and production...but so far Pakistani businessmen seem more interested in buying properties in Dubai than creating any industries in Pakistan.

 

[Norwegian]

Can't blame the public for buying things they need when the same aren't being produced locally. Higher tariffs and other incentives may lead to local investment and production...but so far Pakistani businessmen seem more interested in buying properties in Dubai than creating any industries in Pakistan.

It's not just businessmen. Every Tom, Dick and Harry Pakistani mentality is the same. Most people would only invest in real estate instead of employment generating business.

 

[313ghazi]

People think there is a financial crisis because you Mr finance minister and the PM made statements leading to such conclusions - both before and after the elections. You need to present a confident image! And concentrate more on what you are doing right and less on what previous governments did wrong. Act like we are doing better and may be people will start believing that we are.

Also, you and the PM really need to communicate more and get on the same page - because both of you give contrary statements.

Good point. At the time of election and immediately afterwards it made sense to talk day and night about how things were - now it's time to put a positive spin on everything for the next 5 years. The trick is to not to get so obessed with spin, that you start ball tampering.

It's not just businessmen. Every Tom, Dick and Harry Pakistani mentality is the same. Most people would only invest in real estate instead of employment generating business.

I think things are starting to turn. It's only 1 example, but a guy on twitter was posting about the egg incubator he purchased for his own little chicken business. What we need is for people to encourage and guide young people into business. Like some sort of SME incubator.

 

[Jinn Baba]

It's not just businessmen. Every Tom, Dick and Harry Pakistani mentality is the same. Most people would only invest in real estate instead of employment generating business.

I was in Pak last year and hoping to start a business there - and everyone from family to friends said the only thing worth investing in Pakistan was property. Buy a house and sell it. But a plot, build a house, sell it. But land, hold it, sell it. Totally put me off! It's the only thing people seemed interested in (at least in Karachi).

Whole economy seems to be running on property investment

 

[VCheng]

Yes , yes Pakistan’s economy is doing fine. In fact there is no problem in Pakistan whatsoever.

It is heaven on earth with perfect human beings as citizens.

What a load of bull crap, if you don’t even acknowledge the problem then there is no solution to it.

Well, the slogan is "Naya Pakistan". It may be a new country with the same old problems, but it is too early to say that just yet, in my view.

 

[Imran Khan]

hope so sir

 

[313ghazi]

I was in Pak last year and hoping to start a business there - and everyone from family to friends said the only thing worth investing in Pakistan was property. Buy a house and sell it. But a plot, build a house, sell it. But land, hold it, sell it. Totally put me off! It's the only thing people seemed interested in (at least in Karachi).

Whole economy seems to be running on property investment

No innovation whatsoever. Can't blame them entirely, people only want to invest in what they know will work - property is a winner. Also if you're in an environment where innovation isn't encouraged - who can be surprised.

I don't consider myself a genius, but I reckon you could make a killing selling solar panels and biogas plants to people in AJK. There are loads of people without regular electricity and next to no access to gas other than bottled gas. They also have large rural communities with wealth coming in from abroad. I suspect the same is true for potwar region or northern punjab.

Similarly - i bet there is money to be made in waste management in Pakistan. People would probably pay to have a weekly waste collection system, if it means they don't have waste on the streets outside their homes.

In the future there will be work for people who know how to operate diggers/fork-lifts/trucks, so an academy training people on that could make someone money.

 

[bafxet]

He is not worth trusting

 

[AZ1]

Thats cause in winter gas distribution( gas loadshedding) becomes a problem and people have no choice but to buy food from outside.

lol It's not India. Food Street full of crowds all over the years that you can't even park cars.

 

[Śakra]

 

[Abdussamad]

If he repeats it often enough it might even come true!

 

[Jinn Baba]

No innovation whatsoever. Can't blame them entirely, people only want to invest in what they know will work - property is a winner. Also if you're in an environment where innovation isn't encouraged - who can be surprised.

I don't consider myself a genius, but I reckon you could make a killing selling solar panels and biogas plants to people in AJK. There are loads of people without regular electricity and next to no access to gas other than bottled gas. They also have large rural communities with wealth coming in from abroad. I suspect the same is true for potwar region or northern punjab.

Similarly - i bet there is money to be made in waste management in Pakistan. People would probably pay to have a weekly waste collection system, if it means they don't have waste on the streets outside their homes.

In the future there will be work for people who know how to operate diggers/fork-lifts/trucks, so an academy training people on that could make someone money.

I agree and I'm surprised that no one in Pak has ever promoted this. Put up large biogas digesters outside every mandi in Pak and that alone may solve the gas and electricity shortage in Pakistan. We have one of the highest number of cattle in the world and huge organic waste that is actually being wasted! When it could be turned into gas or electricity