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Old October 4th, 2019, 05:50 PM   #5461
sandiego
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Proves what? if they chose to meet the Army, the gov cannot decline their meeting. thats democratic. Also they are both on the same page. thats also democratic. whats the issue.
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Old October 4th, 2019, 10:00 PM   #5462
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Lets examine the obvious facts:
  1. The military wants economic stability in the country because that's literally what they depend on. No money = no military funding.
  2. Business community is afraid of all the crackdown going on where NAB is overreaching by going after private citizens instead of focusing on public / political figures.
  3. Military has power and clout to provide them indemnity against any past transgressions.

Pretty easy to conclude why the requested to meet the military leadership.

Also, maybe someone maybe asked them to not compete with the private sector in every industry imaginable and let the private sector grow?
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Old October 4th, 2019, 10:28 PM   #5463
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Historically speaking, democracy never flourished in Pakistan - Always overshadowed by the most powerful institution in Pakistan "The Military". Whether it's right or wrong, the answer is; whatever works best for the country. Pakistan is in dire need to boost its economy and the new government is fighting on several fronts at the moment, internally or externally. The Military has been very successful in the private sector since it owns or controls prime estate in all major cities.
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Old October 5th, 2019, 03:33 PM   #5464
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seems like the military has no confidence in the economic abilities of the gov... thats y they were sidelined ....General Musharaf has also announced he is healthy now and ready to return to politics...
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Old October 5th, 2019, 11:27 PM   #5465
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I mean someone is doing something right if companies like Adidas are starting to shift their production back to Pakistan again. That's a win in my book regardless of whether the government or military was responsible.
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Old October 5th, 2019, 11:41 PM   #5466
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Well its a normal practice by businessmen to meet Army Chief, according to one of the businessmen who was present in that meeting that this was the 3rd meeting with Qamar Javed Baja from 2016 & they met Raheel Sharif five times between 2013 to 2016..
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Old October 6th, 2019, 07:13 PM   #5467
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Planning Minister Makhdoom Khusro Bakhtiyar has vowed to take China-Pakistan Economic Corridor to new heights in coming days.

Addressing a news conference in Islamabad on Sunday, he dispelled the impression that CPEC projects have hit a snag as all projects under the corridor are intact and streamlined. He said in energy sector, projects of about 4,300 megawatt are under construction and of 2,500 megwatt are under planning.

The Minister said that the concessional agreement of 2016 was taken due to which 19 Chinese Companies are ready to invest in Gwadar.

He said a project of 300 megwatt of electricity has been completed in Gwadar, while grid connectivity is being ensured there to provide uninterrupted power supply.

He said the Prime Minister inaugurated Gwadar airport in March this year and we have also finalized the Gwadar Master Plan with the Balochistan Government.

Regarding energy requirement in Pakistan Khusro Bakhtiyar said efforts are being made for affordable electricity to strengthen economy.

He said we will negotiate with China on affordable electricity, including the proposal of constructing Bunji Dam with a capacity of 7,000 megawatts of electricity.

Commenting on steel sector, the Minister said Pakistan's current import bill in scrap and steel sector stands at two billion dollars and government's entire focus is on enhancing domestic production to curtail the import bill in this sector.

He said Pakistan's total steel production is about four million tons, whereas its requirement is about nine million tons which will likely to increase as the economy grows.

Keeping in view, he said, we will seek China's cooperation in enhancing capacity of Pakistan Steel Mills from existing one million to three million tons to meet the future demand of the commodity.

He said this will certainly reduce Pakistan's import bill in the steel sector.

On oil and gas sector, Khusro Bakhtiyar said we will negotiate with Chinese side to enhance capacity of Pakistan's refineries to reduce our import bill upto 1.5 bill dollars in this field.

In addition, we are going to propose a land based Liquefied Natural Gas project, which will enhance gas production capacity upto one billion cubic feet.

Khusro Bakhtiyar said the government is trying to complete the eastern corridor of CPEC by the end of this year and we are also working on the western route.

He said ML-1 project, which has been lying in the cold storage for last five years, will be formally taken up with Chinese authorities to revamp railways network in Pakistan. Regarding agriculture, the Minister said we are going to formally negotiate a comprehensive framework in the agriculture sector, proposing projects costing 200 million dollars under business to business cooperation.

He said fisheries and shrimp farming will be developed along the coastal belt under this framework.

Highlighting the industry incentives, the Minister said government is focusing on making the special economic zones functional and a business council has been formed to ensure joint ventures with China to increase Pakistan's industrial landscape.

He stressed the need on technology transfer from China to Pakistan.

He said Prime Minister Imran Khan, during his upcoming visit to China, will emphasise on giving a central place to science and technology transfer and human development.

He said seven pilot projects are being undertaken in all the four provinces, federal capital, Azad Kashmir, and Gilgit-Baltistan for programmes. He said progress is continuing in every avenue under the umbrella of CPEC. He said joint working group of all sectors, including energy, infrastructure, industrial cooperation, agriculture, Gwadar, and transportation will meet in October, while CPEC's Joint Cooperation Committee (JCC) meeting is expected in November this year. The Planning Minister said CPEC is not only a joint venture between Pakistan and China, but also an instrument of connectivity among Central Asia, Afghanistan, and all the way to Russia.

http://www.radio.gov.pk
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Old October 8th, 2019, 07:23 AM   #5468
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Quote:
Originally Posted by UzEE Inc View Post
I mean someone is doing something right if companies like Adidas are starting to shift their production back to Pakistan again. That's a win in my book regardless of whether the government or military was responsible.
Yup, don't remember last time Adidas was posting jobs in Pakistan :-)

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Old October 11th, 2019, 06:54 AM   #5469
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Pakistan’s economy not shrinking

Quote:


ISLAMABAD: The Finance Division on Friday described as “incorrect” the impression created by a section of the media that Pakistan’s economy is shrinking.

In a statement, the Finance Division asserted that the macroeconomic adjustment policies introduced by the government to support balance of payment and strengthen market confidence will lead to higher and inclusive growth.

“The contention of a section of the media talking about shrinking economy seems incorrect as the early signs of recovery of economic activities in fiscal year 2020 are very much encouraging,” it said.

On agriculture front, the government is implementing “National Agriculture Emergency Programme” and has approved 8 mega projects at a cost of Rs235 billion.

This will encourage economic activities in rural areas and create employment opportunities in the country.

Credit to the agriculture sector has increased by 20.7 per cent, the sowing of cotton crop has also increased by 14.4 per cent as compared to last year which will increase cotton crop in double-digit.

The import of agriculture machinery has recorded a growth of 8.7 during FY2019 which is a good indicator. The base effect will also support growth in agriculture.

Earlier estimates of cotton crops suggest that cotton production will increase at least by 3 million bales in FY2020 from last year. All these developments forecast agriculture is likely to rebound and grow more than 3.0 percent in CFY.

For inclusive growth and to protect the vulnerable segments of society, various social protection programs (through a newly created poverty alleviation division) have been introduced.

Under Poverty Alleviation, the government has allocated an additional amount of Rs80 billion in the country’s social protection spending for 2019-20 which cumulatively reached Rs 190 billion which will also have a spillover effect on the private sector activities.

Tax collection during the first quarter of the current fiscal year has so far been 16 per cent higher than the tax collection of the same period last year.

Source
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Old October 11th, 2019, 06:17 PM   #5470
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Federal Board of Revenue (FBR) Chairman Syed Shabbar Zaidi has announced that Dubai Land Department will instantly provide details of Pakistani owners of Dubai properties to Pakistan
On Friday, the FBR chairman took to his official Twitter handle and said that the board held a ‘productive meeting with Dubai Land Department on October 9 and October 10 regarding the matter of exchange of information.

“We are pleased to inform that a very productive meeting has been held in Dubai on October 9 and 10 on the matter of exchange of information. Dubai Land Department will instantly provide details of Pakistani owners of Dubai Properties. Iqama abuse is also being handled," the FBR chairman added.



www.brecorder.com
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Old October 12th, 2019, 03:37 AM   #5471
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so people who have houses in UAE should pay property taxes in Pakistan?
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Old October 12th, 2019, 12:08 PM   #5472
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Quote:
Originally Posted by malpensa View Post
so people who have houses in UAE should pay property taxes in Pakistan?
No. They have to provide source of revenue for how they purchased houses in Dubai. If all that money was clean, they don't have to do anything else.
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Old October 12th, 2019, 04:04 PM   #5473
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what if they they left Pakistan 30 years ago got degrees and got good job abroad or start some good business? still they should pay 30 years of taxes to Pakistan?


it would be better for the gov to actually do something for the country like build schools and hospitals with the taxes they already have..then more would be willing to pay..but with the "do nothing attitude" by gov nobody is willing to pay
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Old October 12th, 2019, 08:21 PM   #5474
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what if they they left Pakistan 30 years ago got degrees and got good job abroad or start some good business? still they should pay 30 years of taxes to Pakistan?


it would be better for the gov to actually do something for the country like build schools and hospitals with the taxes they already have..then more would be willing to pay..but with the "do nothing attitude" by gov nobody is willing to pay
Why do you always spread negativity in everything?

We can't do shit unless there is proper taxation. And you can't fight corruption against you get the money trail. And, no! Pakistan is not asking people who live abroad to pay taxes in Pakistan...provided you can prove that. It is Pakistanis who live in Pakistan, get money from corruption, launder it and buy property in Dubai and do NOT declare it. They are the ones who will be in trouble. Why so much sympathy with them?

Your country (or at least your temporary country of residence in case you're not a citizen) collects taxes from US citizens even if they are dual nationals or even if they work and earn income abroad and pay taxes abroad. Why you never lecture on that? instead of telling Pakistanis what to do and how to keep borrowing money and spending lavishly and continue getting bankrupt?
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Old October 13th, 2019, 02:47 PM   #5475
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Quote:
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what if they they left Pakistan 30 years ago got degrees and got good job abroad or start some good business? still they should pay 30 years of taxes to Pakistan?


it would be better for the gov to actually do something for the country like build schools and hospitals with the taxes they already have..then more would be willing to pay..but with the "do nothing attitude" by gov nobody is willing to pay
never experienced people anywere who are wilingly to pay tax by them self, people have to be forced to, like in western countries, we need to set up a proper tax system strong independent, and effective, its the basis of the economy. Countries that have strong taxation system, are the economies that are today are one of the strongest.
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Old October 14th, 2019, 12:53 PM   #5476
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Quote:
Originally Posted by KB View Post
Why do you always spread negativity in everything?

We can't do shit unless there is proper taxation. And you can't fight corruption against you get the money trail. And, no! Pakistan is not asking people who live abroad to pay taxes in Pakistan...provided you can prove that. It is Pakistanis who live in Pakistan, get money from corruption, launder it and buy property in Dubai and do NOT declare it. They are the ones who will be in trouble. Why so much sympathy with them?

Your country (or at least your temporary country of residence in case you're not a citizen) collects taxes from US citizens even if they are dual nationals or even if they work and earn income abroad and pay taxes abroad. Why you never lecture on that? instead of telling Pakistanis what to do and how to keep borrowing money and spending lavishly and continue getting bankrupt?
Well said! People need to get aware of this!
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Old October 19th, 2019, 12:01 PM   #5477
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Old October 21st, 2019, 09:25 PM   #5478
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That moment when the export increase in a single quarter of FY2020 is more than the entire 5 year rule of PMLN combined. Damn.
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Old October 22nd, 2019, 01:35 AM   #5479
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Every country in the world that achieved double digit growth had a net surplus. Even Bangladesh exports more than it imports! Add remittances to that and you can understand how great their economy actually is compared to us, consumption led growth is never sustainable! India is slowly seeing that too. It’s best we get ahead.
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Old October 22nd, 2019, 02:30 PM   #5480
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Pakistan’s military has stepped in to take greater control of the floundering economy as concern grows that the country is falling behind its arch-rival India in the arms race.

General Qamar Javed Bajwa, Pakistan’s powerful military chief, has held private meetings with prominent Pakistani tycoons, urging them to invest more and stimulate economic growth. In return the businessmen were assured that corruption investigations hanging over them would be quietly shelved, sources have confirmed.

That could undermine Imran Khan,


https://www.thetimes.co.uk/article/p...nomy-pgrqgcms5

Last edited by Pak_Forever; October 22nd, 2019 at 05:49 PM.
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