Only way forward for Pakistan is refomrs in Taxation & encourage business.

[Nadir Bashir]

A lot of people give importance to Current Account deficit. Current account deficit is very important as well.

But Pakistan actual problem lies in the fiscal account deficit. If we have positive fiscal account, it gives Government free hand to solve most the issues faced by the Government.

To achieve fiscal account as positive, Government will be in a position to retire existing loans and will be in a position to support sectors who are export dependent.

Also Government can start various initiatives such as Dams, Power Generation, roads and infrastructure projects with its own resources rather than looking for International support for the projects.

FBR shall work hard to achieve this target since its very important for all of us.

I think around 2000 to 3000 billion rupees are lost due to wrong practices in the FBR. So giving only right to FBR to audit is not the right choice.

In Pakistan, a situation has been created where no one trusts anyone for issues related to funds, money and so on........................

So FBR audits shall be done in the presence of third parties. Third parties can be university students, intelligence institutions and civil society members etc

In Pakistan laws are made with good intentions..................but with time, people find ways to evade the laws. So laws need continuous reforming so that check and balance remains.

Problem in Pakistan is every insitution has become an independent sovereign insitution which has destroyed our country political and social culture.

So simple and IT based solutions are required everywhere which give minimum chance to anyone who want to misuse.

Also We need a period of at least 5~10 years to retire excessive loans taken by our Government.......................To retire these excessive loans, we need VAT for at least ten years to be implemented.

As well as, Government need to ecourage business opportunities. This does not mean, Government shall give relief in taxes etc
But Government shall make policies to stop delays, bribe culture in its institutions.....................If people have to bribe everywhere then you are discouraging 95% of the investments by the individuals. For that, rules shall be amended and Government insitutions shall work in a time frame without any excuse. If they notice something wrong, they shall mention it in the logs, but they must finish their jobs in a time frame. But they shall not be authorized to stop or delay anything.

 

[disgusted]

Too late! The timber of the ship , Pakistan has rotted and is beyond repair! We watched the rot set in and did not protest but were busy producing more children than we could afford. We elected crooks and were waiting for miracles. We were not concerned when everything was for sale and we put the biggest robbers to guard our treasures. The only way is down as we a nation of cowards who are afraid of even thinking about a revolution.