Asim Ahmed named new chairman of FBR

[mikkix]

wait until ganja pandit returns or you want daku naani to become the next queen? more likely billo raani will be the next maharani

Daku rani, chota speed, ganja pandit, sab se bharee, chodris and billo moree are our establishment's choice. What can I do. Nothing.

 

[AgNoStiC MuSliM]

What billshit? Pti had decided to made hafeez shaikh FM but establishment supported gilani and hafeez lost. Then Pti appointed hammad azhar but again decision took by someone else. Jahaz tarin is now launched by them to put pressure on IK. I agree IK should show guts and resign from the government.

No evidence Establishment is responsible.

Until IK states so AND resigns, not buying this conspiracy theory.

If you have credible evidence to support your claims, please provide them.

 

[ziaulislam]

Asim Ahmed named new chairman of FBR
Abdul Qadir On Apr 9, 2021
ISLAMABAD: The federal government decided on Friday to appoint Asim Ahmed as the new chairman of the Federal Board of Revenue (FBR), ARY News reported.
Sources having knowledge of the matter said the federal cabinet gave approval for his appointment. Asim Ahmed, who is from the Inland Revenue group, is currently serving as Member Information Technology (IT).
Ahmed will be replacing the incumbent head of the tax collecting body, Javed Ghani who is to retire on April 10.

It is pertinent to mention here that the federal government in July 2020 removed Nausheen Javed from the post of Federal Board of Revenue (FBR) chairperson and appointed Javed Ghani in her place.
“The federal government has been pleased to assign additional charge of the post of chairman, Federal Board of Revenue, to Mr. Muhammad Javed Ghani,” a notification issued by the Establishment Division had said.
Ghani was a BS-22 officer of the Pakistan Customs Service and posted as a member of the FBR when he was appointed the chairman of the tax collection body.

Asim Ahmed named new chairman of FBR

ISLAMABAD: The federal government decided on Friday to appoint Asim Ahmed as the new chairman of the Federal Board of Revenue (FBR).

arynews.tv

Is this a joke? It means dinosaur Shaukat Tareen has been handpicked by establishment as well for finance minister? Are we going to get another boom and bust cycle before 2023 elections?

https://twitter.com/x/status/1380241054243389445

https://twitter.com/x/status/1380374132236292096

@Patriot forever @Jungibaaz @Chak Bamu @HRK @farok84 @Del @Verve @ziaulislam @Jazzbot @ghazi52 @Path-Finder @Indus Pakistan @AgNoStiC MuSliM @SQ8

Shaukat tareen may end ip doing the same thing as before i.e printing notes

Populaist preasure is something anyone can scumb too. If this happens PTI govt will end up similar to PMLN govt

Two important challenges to takle to avoid printing notes are circular debt capacity charges and lack of improvement in revenues in FBR

 

[crankthatskunk]

Well FBR chairman was going to retire so a new replacement was a given, from IT is encouraging.

I will be disappointed if Shaukat Tareen is made the finance minister. He is definitely not PTI choice, given who is promoting him tells a lot.

Anyways as long as you don't manipulate currency, your economy will grow naturally. It is the perfect natural barrier.

Along with the fiscal discipline in place and SBP autonomy which is already in practice.

With these two points economy is safe. There will be no artificial booms.


My vote goes to Hammad Azhar.

With Tareen you will get low interest rates (that's what I see coming in future), SBP has already hinted no major change in interest rate. Let's see how it plays out.

Low interest rates are not an issue or problem, as long as you have handle on your economy.
In the west interest rates of less than 1% prevailed for over a decade. No disaster happened.

 

[mingle]

Competent lol?
View attachment 732534

Check Kamran Khan tweats. How did he know about chairman FBR appointment 24 hours in advance? He also predicts Shaukat Tareen as Finance Minister.

That's what he wanted in the interview. Another boom and bust cycle. That's why I'm so worried.

It's mummies return

 

[ziaulislam]

For some reason i doubt anyone from current system will be able to fix the system

Low interest rates are not an issue or problem, as long as you have handle on your economy.
In the west interest rates of less than 1% prevailed for over a decade. No disaster happened.

I am kinda getting tired with people comparing countries with AAA rating with pakistan..

I mean this isnt rocket science???

 

[Norwegian]

Low interest rates are not an issue or problem, as long as you have handle on your economy.
In the west interest rates of less than 1% prevailed for over a decade. No disaster happened.

Well Pakistan is not a western economy

 

[313ghazi]

If Hammad Azhar is replaced PTI is a joke.

 

[crankthatskunk]

Well Pakistan is not a western economy

I guess not. But what is stopping it to become one!!
That is the question one should ask from Pakistani politicians.

It is sad to see that Pakistan is offering 7.5 and 8 % Bonds. In the West if you keep money in the bank you lucky to get 2% that too on a long term deposits.
Pakistan can easily be fixed in technical terms. The problem is all political and cultural.
Who is going to make all those corrupt businessmen pay taxes!!!
That is the question.

 

[ziaulislam]

I guess not. But what is stopping it to become one!!
That is the question one should ask from Pakistani politicians.

It is sad to see that Pakistan is offering 7.5 and 8 % Bonds. In the West if you keep money in the bank you lucky to get 2% that too on a long term deposits.
Pakistan can easily be fixed in technical terms. The problem is all political and cultural.
Who is going to make all those corrupt businessmen pay taxes!!!
That is the question.

You are behaving like an idiot

Pakistanis park their money in europe with negative interest rate..that is what trust is that is where rating comes from..

See how many time have we bankrupted in last 20yrs

I am surpised we got such a good response on 7%
I guess it has to do with negative rates and some optimism

If Hammad Azhar is replaced PTI is a joke.

As long policies are solid i dont care who runs the finance ministry

Hafiz sheikh was doing overall a good job i dont see why he was replaced

Inflation isnt hafeez sheikh failure but circumstances of covid (govt had to print noted, even USA is now seeing highest inflation in decades) and pre 2018 note printing

Biggest failures are rather FBR and power sector(gas southern/northern,GENCO,DESCO,IPPs reneg)..these sectprs failure meant low spending, low growth low priductivity and hence high inflation

 

[crankthatskunk]

You are behaving like an idiot

Pakistanis park their money in europe with negative interest rate..that is what trust is that is where rating comes from..

See how many time have we bankrupted in last 20yrs

I am surpised we got such a good response on 7%
I guess it has to do with negative rates and some optimism

We are so lucky to have a "Genius" among us.

The fact that Pakistanis park their money in Europe with negative interest rates, instead of their own country which is offering as attractive returns as 8%, is proof of the fact that these are corrupt people.
Otherwise why would they miss the attractive returns close to home!!!

If not bankrupted, were very close to it.
Only more borrowing saved Pakistan from bankruptcy and defaults on Loans.
Loans obtained to pay off the interest and principles on the loans.

But these simple reasons are beyond you "Genius".

 

[ziaulislam]

We are so lucky to have a "Genius" among us.

The fact that Pakistanis park their money in Europe with negative interest rates, instead of their own country which is offering as attractive returns as 8%, is proof of the fact that these are corrupt people.
Otherwise why would they miss the attractive returns close to home!!!

If not bankrupted, were very close to it.
Only more borrowing saved Pakistan from bankruptcy and defaults on Loans.
Loans obtained to pay off the interest and principles on the loans.

But these simple reasons are beyond you "Genius".

Ok let me change it
Overseas non corrupt pakistani businessmen are parking their money
Surely most have had earn a penny in pakistan

So why are they doing so?

Take the example of my friends who lost alot of money as their accounts were frozen in 1998 by nawaz sharif and later paid back in rupees

Pakistan rating is nxt to bankrupt..

People who want to save money(not invest) will prefer keeping money in negatice rates rather then in pakistan..this isnt about stupidity but about our credit rating..

What i am surpised is that this is news to people? Like what hey? We just bankrupted 36 months ago? And will again in 2028 under leadership of maryum nawaz

 

[Kabira]

Only China will stop boom and bust cycles. How? Today Pakistan own 27% of external debt to China. Its going to be 50% in few years. No one else is lending Pakistan much.

Considiring this I doubt we will go back to old ways. Lets wait and see. Inflation not only **** poor but also foreign investors. Pakistan will need stable economy for many years irrespective of rulers to gain trust of foreign investors.

 

[ziaulislam]

Cinvestors still think the country is prone to currency manipulation, either PTI wil scumb to populaist pressure and print notes or PMLN will take over and do the same

Eitherway the probabality of countey going to IMF again is almost 95%

Only China will stop boom and bust cycles. How? Today Pakistan own 27% of external debt to China. Its going to be 50% in few years. No one else is lending Pakistan much.

Considiring this I doubt we will go back to old ways. Lets wait and see. Inflation not only **** poor but also foreign investors. Pakistan will need stable economy for many years irrespective of rulers to gain trust of foreign investors.

You want to become a chinese colony?
As long as pakistan is independent democrasy the will of the people which is" to reward shortcuts and discourage hardwork/reward middle man " will prevail

In such a mindset econmy will never stablize

We are "antiproductivity" country even today by banning food exports now and then we prove that