اسدعمرسے اگر معیشت نہیں‌ چل رہی تو گھر چلا جائے، اسحاق ڈار کا مشورہ

concern_paki

Chief Minister (5k+ posts)
TU AUR TERA BAAP LUTI HUWI DOLAT WAPIS KAR PEHLE, PHIR ZUBAAN SE BAAT KARNA, ABHI TO SIRF GAAND SE BAT HOTI HAI TERE AUR TERE BAAP SE
 

Sonya Khan

Minister (2k+ posts)
Ishaq Dar did nothing for exports which nosedived .... You can tweak numbers , you can borrow loans , you can float dubious eurobonds but till the time you increase exports , you will remain in fiscal deficit......
 

Awan S

Chief Minister (5k+ posts)
Taking loans to increase foreign currency reserves is not exactly an achievement. Inflation during the first 8 months of PMLN was above 10%. Right now it is under 9%. Dollar was at 127 when interim govt. ended and not 107. Stock market index is the same as in Dec 2017.
I am comparing numbers with Ishaq Dar era; he started with PML(N) government but left when Nawaz was disqualified. His tenure was about four years in office. When Nawaz was disqualified within months stock market fell from 53000 to under 40,000 but recovered lit bit to end at 43000 probably at the end of PML(N) era, all other number fell down dramatically. If Nawaz was not disqualified and Ishaq Dar was not forced to run then PML(N) era progress was very likely to continue from year 4 to year 5 as well. Image Imran Khan is disqualified and Asad Umer leaves the country running the economy for 4 years then what impact it will have on government, economy and political environment. It is not loans alone, do not forget tax collection was 20% more than every previous year and almost doubled in five years which is going down last 7-8 months. As far as loans are concerned current government's loans are highest in any six months of previous government's era and no place is clearly visible where that money is spend in the last 7-8 months.
 

Awan S

Chief Minister (5k+ posts)
Taking loans to increase foreign currency reserves is not exactly an achievement. Inflation during the first 8 months of PMLN was above 10%. Right now it is under 9%. Dollar was at 127 when interim govt. ended and not 107. Stock market index is the same as in Dec 2017.
It is not loans alone; tax collection was 20% more every year compare to previous year and doubled in five years. I am comparing numbers when Nawaz was disqualified and Ishaq Dar was forced to leave the country. All numbers messed up when Nawaz was disqualified and Ishaq Dar went abroad. Imagine Khan is disqualified and Asad Umer goes out of country after running the country for four years. Yes PML(N)'s last year was very bad and all numbers went down due to political and financial instability.
 

عمر

Minister (2k+ posts)
I am comparing numbers with Ishaq Dar era; he started with PML(N) government but left when Nawaz was disqualified. His tenure was about four years in office. When Nawaz was disqualified within months stock market fell from 53000 to under 40,000 but recovered lit bit to end at 43000 probably at the end of PML(N) era, all other number fell down dramatically. If Nawaz was not disqualified and Ishaq Dar was not forced to run then PML(N) era progress was very likely to continue from year 4 to year 5 as well. Image Imran Khan is disqualified and Asad Umer leaves the country running the economy for 4 years then what impact it will have on government, economy and political environment. It is not loans alone, do not forget tax collection was 20% more than every previous year and almost doubled in five years which is going down last 7-8 months. As far as loans are concerned current government's loans are highest in any six months of previous government's era and no place is clearly visible where that money is spend in the last 7-8 months.

Tax collection is not low even now. Only it has missed the target. And FYI all FBR targets were missed in the last 10 years. So nothing new here. Moreover, PTI has reduced tax on petroleum products. And SC abolished the pre-paid card tax. So obviously there was going to be a toll on the tax collection. PMLN did not take all the loans in the last year. They started in 2013 and continued till 2018. The Current account deficit was increased continuously till it touched $19 billion from $2 billion in 2013. There was an actual decrease in exports except for the last year (when neither NS nor Ishaq Dar were present).
Your information about loans is incorrect. The loans being taken by PTI have been spent on clearing the commercial borrowing by PMLN. The international loans taken were used to fill the gap of $19 billion by your Ishaq Dar.
 

Awan S

Chief Minister (5k+ posts)
Tax collection is not low even now. Only it has missed the target. And FYI all FBR targets were missed in the last 10 years. So nothing new here. Moreover, PTI has reduced tax on petroleum products. And SC abolished the pre-paid card tax. So obviously there was going to be a toll on the tax collection. PMLN did not take all the loans in the last year. They started in 2013 and continued till 2018. The Current account deficit was increased continuously till it touched $19 billion from $2 billion in 2013. There was an actual decrease in exports except for the last year (when neither NS nor Ishaq Dar were present).
Your information about loans is incorrect. The loans being taken by PTI have been spent on clearing the commercial borrowing by PMLN. The international loans taken were used to fill the gap of $19 billion by your Ishaq Dar.
Who is talking targets; tax collection is less than previous year's first seven or eight months of financial years; go and check newspapers. Petroleum prices has gone up since the start of new government and overall tax collection is less that where the hell is money going. Current account deficient increased more rapidly in first seven months. Yes exports was decreased in last year of PML(N) era but came back in last year but now imports decreased dramatically which is not good news. Imports decreased not due to local industry but demand has decreased significantly causing government revenue to decrease as well. Demand less also mean less industrial production because 80% of raw material is also imported from abroad. Loan taken by new government was used both to return previous loans but also to run the country which do not run for free. PML(N) also used loans to return previous loans, run the country and to complete mega projects as well. PML(N) left several Million dollars more in foreign reserves compare to what PPP left for PML(N) so more return of loans can be balanced there. There is disappointment everywhere but let us hope for the best for rest of PTI term.
 

عمر

Minister (2k+ posts)
Who is talking targets; tax collection is less than previous year's first seven or eight months of financial years; go and check newspapers. Petroleum prices has gone up since the start of new government and overall tax collection is less that where the hell is money going. Current account deficient increased more rapidly in first seven months. Yes exports was decreased in last year of PML(N) era but came back in last year but now imports decreased dramatically which is not good news. Imports decreased not due to local industry but demand has decreased significantly causing government revenue to decrease as well. Demand less also mean less industrial production because 80% of raw material is also imported from abroad. Loan taken by new government was used both to return previous loans but also to run the country which do not run for free. PML(N) also used loans to return previous loans, run the country and to complete mega projects as well. PML(N) left several Million dollars more in foreign reserves compare to what PPP left for PML(N) so more return of loans can be balanced there. There is disappointment everywhere but let us hope for the best for rest of PTI term.

You have absolutely no idea what you are talking about. Decreasing imports is better for the economy as it helps decrease the Current Account Deficit. CAD has decreased and not increased. Exports are going up. Petroleum prices have gone up in international market but the govt. in Pakistan has actually reduced the taxes. That is why they have missed the target. Missing the target is not new. In 2013 PMLN started with a CAD of $2 billion while the exports were $25 billion. In 2018 PTI got the govt. with a CAD of $19 billion with exports around $23 billion. Do you have the sense to see the difference?
 

Will_Bite

Prime Minister (20k+ posts)
Looks what were numbers when he was finance minister for four years. He helped stock market to move from 35,000 to 53,000. Foreign currency reserves moved from nine billion dollars to twenty two billion dollars, inflation came down to 5%, dollar went up from 90 to 107 in four years. Once he left the office in less than two years; inflation is in double digit (close to ten), dollar jumped from 107 to 140, stock market from 53,000 to 38000 and foreign currency reserves from twenty two to currently twelve billion dollars. Yes he was taking loans but current government is also taking loans; loans taken by current government is more than any six months by Ishaq Dar tenure. Who want debate on that ?
Do you know what number fudging means?
 

Awan S

Chief Minister (5k+ posts)
You have absolutely no idea what you are talking about. Decreasing imports is better for the economy as it helps decrease the Current Account Deficit. CAD has decreased and not increased. Exports are going up. Petroleum prices have gone up in international market but the govt. in Pakistan has actually reduced the taxes. That is why they have missed the target. Missing the target is not new. In 2013 PMLN started with a CAD of $2 billion while the exports were $25 billion. In 2018 PTI got the govt. with a CAD of $19 billion with exports around $23 billion. Do you have the sense to see the difference?
Tax collection is very complex field it do not depend on one variable. It has income tax, wealth tax, tax on commodities, duty on import and several other things. Overall tax has decreased; I am not taking targets check news papers. Yes exports went up but it is continues pattern from previous year. Petroleum prices or more or less stable last 7-8 years with slight gain so is price hike in Pakistan but taxes on petroleum are not reduced because overall price is still high. I am more worried by less imports due to less demand in the country as less demand means businesses are not in good condition, industry is not running well and people have less purchasing power to buy less goods. Less import is only good news when exports are significantly increasing which is not the case as industrial production has not gone up both for local demand and international export increase but as I have said that let us hope for the best next.
 

عمر

Minister (2k+ posts)
Tax collection is very complex field it do not depend on one variable. It has income tax, wealth tax, tax on commodities, duty on import and several other things. Overall tax has decreased; I am not taking targets check news papers. Yes exports went up but it is continues pattern from previous year. Petroleum prices or more or less stable last 7-8 years with slight gain so is price hike in Pakistan but taxes on petroleum are not reduced because overall price is still high. I am more worried by less imports due to less demand in the country as less demand means businesses are not in good condition, industry is not running well and people have less purchasing power to buy less goods. Less import is only good news when exports are significantly increasing which is not the case as industrial production has not gone up both for local demand and international export increase but as I have said that let us hope for the best next.

Govt. reduced tax on petroleum products.

https://www.brecorder.com/2018/12/0...ices-of-petroleum-products-by-rs-2-per-litre/

In May 2018, the tax was as high as 27.5%. Right now its 17%. Overall price is high because oil prices are higher now than in PMLN tenure.

SC removed the tax on pre-paid cards in 2018.
The govt. also removed the witholding tax for filers.
 

Will_Bite

Prime Minister (20k+ posts)
Nadeem Malik, you are an embarrassment. Calling a known criminal and number fudger in your show is nonsense. We are not going to listen to bakwas from a money launderer
 

Awan S

Chief Minister (5k+ posts)
Govt. reduced tax on petroleum products.

https://www.brecorder.com/2018/12/0...ices-of-petroleum-products-by-rs-2-per-litre/

In May 2018, the tax was as high as 27.5%. Right now its 17%. Overall price is high because oil prices are higher now than in PMLN tenure.

SC removed the tax on pre-paid cards in 2018.
The govt. also removed the witholding tax for filers.
Only two rupee is nothing; overall it is higher than interim government and much higher than Nawaz's disqualification time. Need to go for Friday prayer will discuss further later.
 

عمر

Minister (2k+ posts)
Only two rupee is nothing; overall it is higher than interim government and much higher than Nawaz's disqualification time. Need to go for Friday prayer will discuss further later.

I was not referring to the news of reduction in price by 2 rupees. Here is what the link says.

During the month of November sales tax on MS Petrol and HS Diesel was 4.5% and 12% respectively, compared to 15% and 27.5% in May 2018, which means a reduction of 10.5% and 15.5% respectively.
 

brohiniaz

Chief Minister (5k+ posts)
چور چاچو ، آپ ہی اپنے گھر آ جاونا ، ہم نے فیصلہ کیا ہے کوئی کچھ نہیں کہے گا