Trade deficit increased 100.6 percent YoY, thanks to brilliant policies of finance minister Shaukat Tareen

[Flight of falcon]

Don't want to poke my nose into Pakistani affairs, but Shaukat Tareen Sb. is among those named in the Pandora papers.

Not trying to be "Captain Obvious" here, but maybe some do not know...

Account Suspended

Having an offshore account is not illegal under any law.

 

[H!TchHiker]

I think we will get another worst CAD like PMl n times with more inflation and misery to common population

 

[RIP Pak LAW]

Its ok, remittance will keep overall account deficit in check. Pakistan GDP is set to cross 5 by the end of current fiscal year hence imports will increase too mainly machinery stuff

 

[Zibago]

Trade deficit increased 100.6 percent YoY, thanks to brilliant policies of finance minister Shaukat Tareen

https://twitter.com/x/status/1445004148420845575

@farok84 @FOOLS_NIGHTMARE @Patriot forever @Crimson Blue @blueazure @maverick1977 @RescueRanger @muhammadhafeezmalik @koolio @Verve @AZ1 @Path-Finder @Dual Wielder @Chak Bamu @Waterboy @ziaulislam

I am sure commodity spike has nothing to do with this

 

[Turingsage]

Its ok, remittance will keep overall account deficit in check. Pakistan GDP is set to cross 5 by the end of current fiscal year hence imports will increase too mainly machinery stuff

Does it not concern you that a nuclear power ( being constantly reminded by Pakistan to all and sundry ) with a population of 220 million with one of the largest army in the world would be bankrupt without remittances ?

That Pakistan has a MINISTRY to export Pakistani's to the West, Gulf, Europe etc to finance Pakistan's budget ?
Is this where independence from England has brought you ?

That Pakistani origin people across the world, who have lived for generations in the West will be the ultimate arbiters in Pakistan's close elections. ? This disenfranchises the poor in Pakistan and those who have to live under such "elected" governments.
Its akin to the tail wagging the dog

Like North Korea entirely dependent on foreign workers income to sustain a never changing Oligarchy

 

[Maula Jatt]

Having an offshore account is not illegal under any law.

9 out of 10 times its used for corruption and black money...
you can be youth brigade all day long but be honest to yourself

 

[Arulmozhi Varman]

Does it not concern you that a nuclear power ( being constantly reminded by Pakistan to all and sundry ) with a population of 220 million with one of the largest army in the world would be bankrupt without remittances ?

That Pakistan has a MINISTRY to export Pakistani's to the West, Gulf, Europe etc to finance Pakistan's budget ?
Is this where independence from England has brought you ?

That Pakistani origin people across the world, who have lived for generations in the West will be the ultimate arbiters in Pakistan's close elections. ? This disenfranchises the poor in Pakistan and those who have to live under such "elected" governments.
Its akin to the tail wagging the dog

Like North Korea entirely dependent on foreign workers income to sustain a never changing Oligarchy

That is one of the reasons why me despite living in the west have opposed dual citizenship and the right to vote anywhere. People living in India have the first right to vote and resources.

 

[Turingsage]

Having an offshore account is not illegal under any law.

The PURPOSE of off-shore accounts is to EVADE TAXES, hide monies from money laundering, get pay-backs and bribes for arms deals ( As is the case of your Army man receiving kick-backs from a Indian arms buyer), transferring assets to family to appear that the asset always belonged to the person receiving the asset, hiding the beneficiary of said transfer, launder black money, round trip laundered money to hide the owner. I could carry on and on with this for a another few pages. ALL OF IT TO DECEIVE IN VARIOUS DEGREES. From outright illegal to mildly twisting the laws

9 out of 10 times its used for corruption and black money...
you can be youth brigade all day long but be honest to yourself

Well said

 

[Flight of falcon]

The PURPOSE of off-shore accounts is to EVADE TAXES, hide monies from money laundering, get pay-backs and bribes for arms deals ( As is the case of your Army man receiving kick-backs from a Indian arms buyer), transferring assets to family to appear that the asset always belonged to the person receiving the asset, hiding the beneficiary of said transfer, launder black money, round trip laundered money to hide the owner. I could carry on and on with this for a another few pages. ALL OF IT TO DECEIVE IN VARIOUS DEGREES. From outright illegal to mildly twisting the laws



Well said

Do you even have a clue about what you are talking about?

My tax bracket here is 47 percent (income plus HST on every good and service I consume ) …. That means I pay 47 percent of every dollar I earn.

There are a million tax planners and accountants whose sole job is to LEGALLY save taxes for business people.

Yes it can be misused but let me give you a simple example. My account was opened so I can invest in a property in Jamaica and legally save paying outrageous tax on foreign investment.
How is this wrong?

why wouldn’t I do that? It’s allowed and legal here in Canada . All big businesses do that.

Does it not concern you that a nuclear power ( being constantly reminded by Pakistan to all and sundry ) with a population of 220 million with one of the largest army in the world would be bankrupt without remittances ?

That Pakistan has a MINISTRY to export Pakistani's to the West, Gulf, Europe etc to finance Pakistan's budget ?
Is this where independence from England has brought you ?

That Pakistani origin people across the world, who have lived for generations in the West will be the ultimate arbiters in Pakistan's close elections. ? This disenfranchises the poor in Pakistan and those who have to live under such "elected" governments.
Its akin to the tail wagging the dog

Like North Korea entirely dependent on foreign workers income to sustain a never changing Oligarchy

Really and India will survive without $90 billion remittances ?
Heck your export data even includes salaries earned by workers under work visa in the foreign countries and thus inflated export figures .

 

[Turingsage]

You are clearly too dumb and up IK's *** to comprehend.
Goodbye

 

[Flight of falcon]

You are clearly too dumb and up IK's *** to comprehend.
Goodbye

Spoken like a true Bakht ….. now get back to the call centre and make scam calls .