What's new

9 million overseas Pakistanis earn Pakistan more income than 200 million local Pakistanis

That Guy

PDF THINK TANK: ANALYST
Mar 29, 2013
11,831
39
15,038
Country
Pakistan
Location
Canada
That would help development but foreign exchange crisis is simply due to people liking foreign stuff and asking govt to subsidize it for them in form of rupee

Untill collectively the mind set moves towards local production and consumption things will be as volatile as before
The biggest problem with the Nawaz Sharif's economic models wasn't even the outright and obvious corruption, it was the fact that he was running Pakistan as if it was already a developed nation, he emphasized imports over exports, trying to invest in foreign nations over domestic industry, and trying to lower taxes and increase subsidize. None of that works when you're a developing nation that only recently upgraded from being a frontier market.
 

Jungibaaz

RETIRED MOD
Jul 4, 2010
7,999
103
16,553
Country
Pakistan
Location
United Kingdom
Some of my countrymen should have the privilege of seeing life in Western society. And not just the nice stuff, they should be made to come here and then made to make a habit of waking up 5-6am in the morning, and commuting to work. Seeing men in suits who earn 10 times what their elite make back home... but who still have to queue up in a supermarket to get their groceries, or have to stand using the handrails on a train or bus. They should work a full workday and then come home to a house and kids that are entirely their responsibility. And can't be outsourced to someone poorer than you.

This goes especially for Pakistani elite and upper class. I've been around the world and have never witnessed such a bunch of pampered shits in my life.

:closed:
 

ziaulislam

ELITE MEMBER
Apr 22, 2010
15,846
10
15,269
Country
Pakistan
Location
United States
The biggest problem with the Nawaz Sharif's economic models wasn't even the outright and obvious corruption, it was the fact that he was running Pakistan as if it was already a developed nation, he emphasized imports over exports, trying to invest in foreign nations over domestic industry, and trying to lower taxes and increase subsidize. None of that works when you're a developing nation that only recently upgraded from being a frontier market.
In additon to encouraging kick backs and ridiculously high returns on investments ..somethings that will even bankrupt a drveloped country
 

Users Who Are Viewing This Thread (Total: 1, Members: 0, Guests: 1)


Top Bottom