Pakistan's current account has again gone deeply negative: Dr Atif Mian

arifkarim

Prime Minister (20k+ posts)
https://twitter.com/x/status/1487813258362998785 https://twitter.com/x/status/1487813261009555459 https://twitter.com/x/status/1487813262318129152
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miafridi zaheer2003 Iconoclast The Sane AZ1 pkuser2k12 Okara Dr Adam Siberite Resilient Rajarawal111 shujauddin Wake up Pak LeanMean2 Landmark jani1 ts_rana
 

pinionated

Minister (2k+ posts)
tax imports like crazy, everything will be great.
What about imports of machinery to increase exports? We cannot tax them. That is why imports are up as there is lag in manufacturing. The biggest challenge is corruption. We need to restrict luxury items and really tax those high.
 

mughals

Chief Minister (5k+ posts)
What about imports of machinery to increase exports? We cannot tax them. That is why imports are up as there is lag in manufacturing. The biggest challenge is corruption. We need to restrict luxury items and really tax those high.
no tax imports are up due to auto whole/parts/assembly kit import.
 

NasNY

Chief Minister (5k+ posts)
The governments in the US collect about $5.1 trillion a year in income and payroll taxes. Income tax is where governments collect the most tax: in federal, state, and local income tax they will collect about $3.1 trillion in 2022.

That’s roughly $13000 per person.
By the same scale a person in Pakistan making 125000 rs should be paying 13000 Tax And higher as the income goes up, with a cap rate of 35%.

Tax collection is the solution to all the problems, That is why the rich countries are rich.
 
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Dr Adam

President (40k+ posts)
Economics is not my subject therefore, unable to understand the gimmics of number crunching hence can't offer any comments.

LAKIN

Tabsaray say zeaydah yeh Mianay Atif ki nokri ki arzi hai keh..... pehlay daraO aur phir kaho mayray paas iska ilaaj hai. Mainou rakh lawO sub theek ker dayan gaa.
Arif Karim, samjha ker.
 

Wake up Pak

(50k+ posts) بابائے فورم
Economics is not my subject therefore, unable to understand the gimmics of number crunching hence can't offer any comments.

LAKIN

Tabsaray say zeaydah yeh Mianay Atif ki nokri ki arzi hai keh..... pehlay daraO aur phir kaho mayray paas iska ilaaj hai. Mainou rakh lawO sub theek ker dayan gaa.
Arif Karim, samjha ker.
IK hired him as his economic adviser but, our stupid mullahs and ignorant people couldn't let him stay in Pakistan as he is a Qadiani.
 

mughals

Chief Minister (5k+ posts)
IK hired him as his economic adviser but, our stupid mullahs and ignorant people couldn't let him stay in Pakistan as he is a Qadiani.
why not he advise his dear govt which is drowning in debt and is running a deficit of more than 1.3 trillion dollar.
 

jani1

Chief Minister (5k+ posts)
LAKIN

Tabsaray say zeaydah yeh Mianay Atif ki nokri ki arzi hai keh..... pehlay daraO aur phir kaho mayray paas iska ilaaj hai. Mainou rakh lawO sub theek ker dayan gaa.
Arif Karim, samjha ker.

یہی قصہ اسکا بھی لگ رہا ہے۔۔

اسے لیڈر آف اپوزیشن نہیں رہنا، اسے واپس وزیر اعظم بنایا جائے۔۔

FKdgYhEXoBEHOd2
 

pinionated

Minister (2k+ posts)
How can we increase our productive capacity?
By importing machinery and pre assembled goods that we can do value add. Guess what happens when u import… CAD goes down… but in the long run it will recover if u can increase your capacity…
there r challenges, because everyone has raised prices due to disruption in supply chain because of Covid, so u will end up paying more for machines and by the time u get your production up, the demand may go away if supply chain issues get resolved
Overall not a bad problem, if we don’t go over board with imports and we can remain competitive
 

Kamboz

Minister (2k+ posts)
The governments in the US collect about $5.1 trillion a year in income and payroll taxes. Income tax is where governments collect the most tax: in federal, state, and local income tax they will collect about $3.1 trillion in 2022.

That’s roughly $13000 per person.
By the same scale a person in Pakistan making 125000 rs should be paying 13000 Tax And higher as the income goes up, with a cap rate of 35%.

Tax collection is the solution to all the problems, That is why the rich countries are rich.
Since you mentioned it, The trillions in tax in US 98% of the tax is paid by just 2% of the population, meaning the Billionaires, Fortune 500 Corps, while tax revenue from 98% of the population accounts for just 2% of the tax collected.
However, in Pak, an average guy is paying tax on petrol , gas, electricity .. while the Industrialists, and Billionaires are not paying their fair share, paying peanuts only.
 

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