.
.
.
Pakistan economically is in the next 11 club:
Wikipedia
Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, the Philippines, Turkey, South Korea and Vietnam – identified by Jim O'Neill in a research paper as having a high potential of becoming, along with the BRICS countries, among the world's largest economies in the 21st century.[25]
The bank chose these states, all with promising outlooks for investment and future growth, on December 12, 2005.
The criteria used were
1. macroeconomic stability,
2. political maturity,
3. openness of trade and investment policies,
4. and the quality of education.
The N-11 paper is a follow-up to the bank's 2003 paper on the four emerging "BRIC" economies.[26][27]
1. macroeconomic stability,
2. political maturity,
3. openness of trade and investment policies,
4. and the quality of education.
The N-11 paper is a follow-up to the bank's 2003 paper on the four emerging "BRIC" economies.[26][27]
1. Macro economic stability for Pakistan means many things. Pakistan has a massive $1.2 trillion PPP GDP of which 40% is in the unregistered black economy. So the first grinding, colorless جدوجہد task of the state and central government is to register the black economy, until all but 10 % is eliminated. So 90% registered official economy, and 10% black economy. Once the black economy is substantially registered then the tax base of the nation increases also by 30%.
Banning luxury items from imports is gimmickry, and political symbolism....or banning extravagant weddings, which sounds like a party pooooper but which don't substantively solve the macro-economic problems of the country.
Lets tax the billionaire military people, with their massive wealth gained through kick backs from the USA. Lets tax the super rich of Pakistan who have off shored 100's of billions in the GCC and Switzerland---squeeze them and make them pay more tax.
LET US NOT FOLLOW THE IMF FORMULA OF TAXING THE POOR BY CUTTING SUBSIDIES FOR THE POOR----on fuel, food and transport.
Money spent on the poor stays in Pakistan (circulates and boost the economy), BUT money with rich military and the general super rich LEAVES PAKISTAN towards off shore bank accounts, where the money lies dormant and worthless.
LET US NOT FOLLOW THE IMF FORMULA OF TAXING THE POOR BY CUTTING SUBSIDIES FOR THE POOR----on fuel, food and transport.
Money spent on the poor stays in Pakistan (circulates and boost the economy), BUT money with rich military and the general super rich LEAVES PAKISTAN towards off shore bank accounts, where the money lies dormant and worthless.
Pakistan is a resource rich country with massive coal reserves in Sindh at 185 billion tons, and oil off the coast of Baluchistan. Since 1983, I have been saying that Pakistan must industrialize using her own کافی resources. Pakistan must MOBILIZE her own resources to industrialize beyond the 20% of GDP covered by Industrial activity, towards 30% of GDP and never mind 50% of GDP achieved by the Soviet Union and China.
INDUSTRIALIZATION and INFRASTRUCTURE INVESTMENT are the sure inflation free engines of future economic growth. Perennially begging from other nations is not the solution.
INDUSTRIALIZATION and INFRASTRUCTURE INVESTMENT are the sure inflation free engines of future economic growth. Perennially begging from other nations is not the solution.
The Ottoman Empire collapsed when it started begging loans from Western banks to sustain the state, instead of seeking alternative sources.
Whatever it takes.....untainted experts from outside....from Switzerland or China or Japan. REGISTER THE BLACK ECONOMY, AND THEN TAX IT....INCLUDING THE SUPER RICH POWERFUL.
Whatever it takes.....untainted experts from outside....from Switzerland or China or Japan. REGISTER THE BLACK ECONOMY, AND THEN TAX IT....INCLUDING THE SUPER RICH POWERFUL.
