If taxation is fixed in the country that alone can fix the issues:
Look at the housing market alone:
The Pakistan real estate market is worth 400 billion dollars. I heard that the average price of house in affluent areas in Islamabad, Lahore and Karachi is above 1 million USD. Why don't we tax them? In the west the average property tax is 1.2% of the property value. In Pakistan it is 0.06% or less. This is crazy!
1) Start with adding a 100 rupee per year NIC renewal fee. This automatically brings everyone in the tax net. Exclude children and elders if needed. Payable at all Pakistani banks locally. 100 rupees is not a lot of money, each citizen is already in the system due to NIC, with all their biometric data. Collection should be easy.
2) 20 USD NICOP renewal fee per year - I am sure the expats will pay. The payment system is already in place to pay for passports, nicop abroad.
3) Build a rail link to the Saudi peninsula, connect Karachi to Dubai via a rail/cargo link along the Mekran coast.
4) Pass a law that all affluent sectors in big cites have to move off grid. This means that installing solar panels and using electric cooktops and ovens like it is done in the west - no gas! These houses must have meters which put electricity into the grid instead of consuming during the day. The average cost of getting a solar system in Pakistan privately is about 12 lakh rupees. Govt subsidies can help bring the price down.
Look at the housing market alone:
The Pakistan real estate market is worth 400 billion dollars. I heard that the average price of house in affluent areas in Islamabad, Lahore and Karachi is above 1 million USD. Why don't we tax them? In the west the average property tax is 1.2% of the property value. In Pakistan it is 0.06% or less. This is crazy!
1) Start with adding a 100 rupee per year NIC renewal fee. This automatically brings everyone in the tax net. Exclude children and elders if needed. Payable at all Pakistani banks locally. 100 rupees is not a lot of money, each citizen is already in the system due to NIC, with all their biometric data. Collection should be easy.
2) 20 USD NICOP renewal fee per year - I am sure the expats will pay. The payment system is already in place to pay for passports, nicop abroad.
3) Build a rail link to the Saudi peninsula, connect Karachi to Dubai via a rail/cargo link along the Mekran coast.
4) Pass a law that all affluent sectors in big cites have to move off grid. This means that installing solar panels and using electric cooktops and ovens like it is done in the west - no gas! These houses must have meters which put electricity into the grid instead of consuming during the day. The average cost of getting a solar system in Pakistan privately is about 12 lakh rupees. Govt subsidies can help bring the price down.