Current Account Surplus for First Time in 4 Years in October 2019

[crankthatskunk]

Retrospectively asad umar was right though...
The correction was achieved much earlier..so we did over correct things..you dont need surplus..just need to limit it to 1-2% of GDP

But if there was indeed resistance from asad umar on hard decision than it was the right decision though hugely unpopular

Key issues are still growth, inflation and taxation
They are connected to each other you can get taxes without growth but you cant grow without taxes

Time to target the retail sector

I have my reservations about Asad Umer, lots of them. We leave it to that.
Growth could be achieved rapidly based on what I have commented in my earlier post. Taxation is the need of the hour. No country can and should allow people to get away earning billions without paying any kind of taxes. Even getting away with not paying the Sales Tax to the State collected from the customer. Tax play a massive part in any nation's growth, and for the government to provide basic necessities of health, education and safety.
Pakistan needs to change, "Tabdili is name for people to understand and realise their social responsibilities".

 

[ziaulislam]

I have my reservations about Asad Umer, lots of them. We leave it to that.
Growth could be achieved rapidly based on what I have commented in my earlier post. Taxation is the need of the hour. No country can and should allow people to get away earning billions without paying any kind of taxes. Even getting away with not paying the Sales Tax to the State collected from the customer. Tax play a massive part in any nation's growth, and for the government to provide basic necessities of health, education and safety.
Pakistan needs to change, "Tabdili is name for people to understand and realise their social responsibilities".

From what i gather asad umar wanted to stretch the reforms over period of 2 years to limit impact on inflation and growth..but advisory to PM said this will result in failure ..
Seeing we acheived break even so quickly pretty much proves asad umar was right..we might have kept the rupee at 140s and printed a bit more notes/spending to keep the growth around 4 and yet acheived fiscal consolidation but that was deemed to risky by PM.
i kinda agree with PM...situation was dire and bold steps were needed..though i understand asad umar point of limiting inflation and growth side effects

All of this proves one thing...we should hang (figuratively) who ever created this artificial crisis in year 2016-17 but he is in london