Dear Imran Khan Sahab, you don't have to borrow or appeal

[fitpOsitive]

I am listening about financial crisis in Pakistan since the days I initially began to understand speech.
The major cause of Pakistan's financial situation is mismanagement and shortsightedness. People in power just plan for 1 year(yup, till next budget). However they should plan and execute it for years. That's how it gonna be solved.
Today I am suggesting solutions for fund raising for major projects in Pakistan.

1) Make the looter an investor
We know that, many people in Pakistan have billions of dollars of looted(or legal), in spare. Many of them are also facing court trials, but majority of them will never see jail. The looted money will never ever be recovered. So, something is better than nothing.
Pakistan can form a public investment company for each project(dams, railways, ports etc) and can invite people to invest in that. A general amnesty should be announced for the investors, that their source of income will not be questioned or later, quoted, and they will also be paid the profit as per their share in the project. We don't have to beg or borrow money from any body in the world, these people are enough for us.
Keep in mind that, in such projects, 33% investment should be reserved for big investors, 33 for general public, and 34% for govt(or whatever is possible). We will have enough money from within the country. Otherwise, that looted money will never be used in the favor of Pakistan, and we also have to borrow money to complete or initiate projects.

2) Make something out of nothing
Pakistan is facing multitude of problems. Our trained man power is leaving Pakistan. We are getting technology at slower rate. We have low investment from external sources(except for China), unemployment and still lot of local industry doesn't pay their due share of tax. Now, if govt declares some industry or segment of Industry to be tax free, than by doing that, we can handle many problems in one stroke. The industry that is non-existent in Pakistan can be brought in like that. We can provide lot of employment opportunities to Pakistanis within Pakistan. We can encourage people from within Pakistan to invest in Pakistan. This trick may play wonders for Pakistan.

3) Invest in education
An average student that goes to do his/her masters/bachelors to some other country, starts sending money to his/her family within a year or so. Afterwards, they keep sending money on regular basis. So, scholarships without bond may be offered.
Institutes like Arena Multimedia and Aptech teach those skills, that can transform a jobless young man into an earning free lancer in just three months.
So if we invest in education on strategic basis, than we can get returns within short period of time.

4) Solar power is your ally
In today's world, energy sources that are the most crucial part of any economy, is really bending the back of our industry. But yes, Allah has blessed us with sun through out the year. So, if we invest in solar power, we will get benefits immediately. So here is the proposition: Import a formula(a ready made technology set from any of the developed countries), then using point number 1 in the list above, set the production line within Pakistan(right from material to finished product). Each home and factory should get her energy supply right from the sun(heating, cooling, cooking). But before implementation, a detailed analysis of each technology is needed(wastes produced and recycling policy).
And thus gradual cuts in oil imports, and cheap production of goods.

5) Make Pakistan a market, at least
The money Pakistanis earn, lands in the hands of either India or UAE. Most of the people who do freelancing from Pakistan, route their money via these two countries, because many channels don't operate in Pakistan. Secondly, many many important Channels don't pay /transfer business payments within Pakistan.
Monopolies of existing banks and incompetence of Pakistani bureaucracy is the main cause of all this mess.
Companies don't make products specially for Pakistan. Pakistanis consumes products which are mostly made for middle east, thus Pakistan don't get fare share from international companies. All that a Pakistani govt get from all that import is the sales tax, or may be duties.
Pakistan should take stand on that, it should be made compulsory that the product that is consumed above a certain level in Pakistan, will be produced within Pakistan.

6) Implement minimum quality criteria
Roads are constructed for few months. Buildings are unusable from the day 1. Next year, new budget, new construction of same things, thus increasing overall cost of maintenance/repair. So, things should be planned way before implementation, and on larger scale, and then warranties should be taken from the constructors/providers.
For example, 20 years warranty for a road that is newly constructed.

7) Involve private-sector in defense projects
The countries where private sector makes the most of the weapons, are rich. These private sector organizations make 70-80 percent of world weapons and earn the most. If we encourage our private sector in that direction too, than we can, not only produce lot of jobs for Pakistanis, but also turn the money flow towards Pakistan. But for doing this, we must take Pakistani universities on board first.
JF-17 thunder is one such project, and we have a lot more of such potential.

8) Make population disadvantage as your advantage
We always took growing population as our disadvantage. But we should know about the fact that many many countries of this world are also suffering from a shrinking population. Most of them will be needing manpower to run their economies in near future. If we setup a study group on those countries, and then line-up our institutions from poly-technique to universities for the production of useful manpower for those countries than, we can turn our disadvantage into advantage within few years.

We should believe in verses by two great poets, which gives us light in the darkest moments of our struggle towards Naya-Pakistan.

The verses are :

Pevasta reh shajar se, umeed e baharan rakh
(stick to a tree, and hope that one day Spring will come)

Tu dewa bal k rakh Cha, Hawa jaany, Khuda Jaany
(You just lit a fire lamp for light, than its a matter between God and wind)

@war&peace @django @pluralist @IceCold@Areesh @HRK @MastanKhan @Oscar @Dubious @FalconStar @Arsalan @MastanKhan

 

[fitpOsitive]

@Mentee
@BATMAN @DesertFox @Sheepistanis @Areesh @django @Pan-Islamic-Pakistan @CHACHA"G" @maximuswarrior @Indus Pakistan @Arsalan @Maarkhoor @Slav Defence

 

[Slav Defence]

I am listening about financial crisis in Pakistan since the days I initially began to understand speech.
The major cause of Pakistan's financial situation is mismanagement and shortsightedness. People in power just plan for 1 year(yup, till next budget). However they should plan and execute it for years. That's how it gonna be solved.
Today I am suggesting solutions for fund raising for major projects in Pakistan.

We know that, many people in Pakistan have billions of dollars of looted(or legal), in spare. Many of them are also facing court trials, but majority of them will never see jail. The looted money will never ever be recovered. So, something is better than nothing.
Pakistan can form a public investment company for each project(dams, railways, ports etc) and can invite people to invest in that. A general amnesty should be announced for the investors, that their source of income will not be questioned or later, quoted, and they will also be paid the profit as per their share in the project. We don't have to beg or borrow money from any body in the world, these people are enough for us.
Keep in mind that, in such projects, 33% investment should be reserved for big investors, 33 for general public, and 34% for govt(or whatever is possible). We will have enough money from within the country. Otherwise, that looted money will never be used in the favor of Pakistan, and we also have to borrow money to complete or initiate projects.

Pakistan is facing multitude of problems. Our trained man power is leaving Pakistan. We are getting technology at slower rate. We have low investment from external sources(except for China), unemployment and still lot of local industry doesn't pay their due share of tax. Now, if govt declares some industry or segment of Industry to be tax free, than by doing that, we can handle many problems in one stroke. The industry that is non-existent in Pakistan can be brought in like that. We can provide lot of employment opportunities to Pakistanis within Pakistan. We can encourage people from within Pakistan to invest in Pakistan. This trick may play wonders for Pakistan.

I have many such suggestions, but see, I am just uttering these words, and expecting no body to listen to these words. But I believe in verses by two great poets, and I will keep posting these things from time to time.

The verses are :

Pevasta reh shajar se, umeed e baharan rakh
(stick to a tree, and hope that one day Spring will come)

Tu dewa bal k rakh Cha, Hawa jaany, Khuda Jaany
(You just lit a fire lamp for light, than its a matter between God and wind)

@war&peace @django @pluralist @IceCold@Areesh @HRK @MastanKhan @Oscar @Dubious @FalconStar @Arsalan @MastanKhan

We are listening.Please write down all of your suggestions point wise in original post.Edit your first post and write appropriate suggestions.Also write: written by: username and other info (if you desire so).

You can also directly send your suggestion to:
https://twitter.com/imrankhanpti
Regards

 

[Kamikaze Pilot]

@ Rashid Latif

 

[Samlee]

Nice Idea

 

[war&peace]

Proper policies that encourage FDI and especially encourage the local entrepreneurs should be made. Smuggling needs to be stopped. A lot of items are smuggled into the country through containers so govt needs to invest in large scanners that can scan the containers like at Dubai port. Also need to automate the container handling at the port so minimum amount of time is required in clearing the containers. We need to ban import of certain products in Pakistan and encourage the development of such products within the country.

 

[Hareeb]

Projects like dams and ports need billions of dollar of investment and years to complete. The alternative option is to encourage entrepreneurship and SMEs. This will not only generate revenue for govt. but employment for youth as well.

 

[VCheng]

Pakistan can form a public investment company for each project(dams, railways, ports etc) and can invite people to invest in that. A general amnesty should be announced for the investors, that their source of income will not be questioned or later, quoted, and they will also be paid the profit as per their share in the project. We don't have to beg or borrow money from any body in the world, these people are enough for us.
Keep in mind that, in such projects, 33% investment should be reserved for big investors, 33 for general public, and 34% for govt(or whatever is possible). We will have enough money from within the country. Otherwise, that looted money will never be used in the favor of Pakistan, and we also have to borrow money to complete or initiate projects.

The merit and feasibility of this idea can be easily determined by trying for one big dam or similar project and seeing the level of investment interest generated.

 

[MIRauf]

has Pak looked into Real Estate TAX ?

Implement Real Estate TAX, just the way US uses to generate $ Billions each year. #% per transaction, every time a property is sold ( land, house, apartment, condo etc.) The assessment should be the minimum cost of the property if buyer / seller are making an under the table deal and list the sale as well below the market value.

 

[fitpOsitive]

The merit and feasibility of this idea can be easily determined by trying for one big dam or similar project and seeing the level of investment interest generated.

First projects will observe low investments(big people would like to observe it first, that how it goes). Then in next phase, every thing might work as per plan.

 

[VCheng]

First projects will observe low investments(big people would like to observe it first, that how it goes). Then in next phase, every thing might work as per plan.

It might work, it might not. It may still be worth a try I suppose since it is better than doing nothing at all.

 

[Abdussamad]

They've already offered many amnesties in the past. The PML-N offered it during their reign. For the most part these amnesties don't work because money invested in Pakistan is not as safe as money invested abroad. We don't have rule of law and poor property rights protection. Besides no one believes the govt. Saying we will offer amnesty and not question you is one thing but people won't believe you. The govt. has in the past stolen money from the people. The freezing of foreign currency accounts for instance.

 

[VCheng]

They've already offered many amnesties in the past. The PML-N offered it during their rein. For the most part these amnesties don't work because money invested in PAkistan is not as safe as money invested abroad. We don't have rule of law and poor property rights protection. Besides no one believes the govt. Saying we will offer amnesty and not question you is one thing but people won't believe you. The govt. has in the past stolen money from the people. The freezing of foreign currency accounts for instance.

But we are promised that things will be different in the Naya Pakistan.

 

[BringHarmony]

We know that, many people in Pakistan have billions of dollars of looted(or legal), in spare. Many of them are also facing court trials, but majority of them will never see jail. The looted money will never ever be recovered. So, something is better than nothing.
Pakistan can form a public investment company for each project(dams, railways, ports etc) and can invite people to invest in that. A general amnesty should be announced for the investors, that their source of income will not be questioned or later, quoted, and they will also be paid the profit as per their share in the project. We don't have to beg or borrow money from any body in the world, these people are enough for us.
Keep in mind that, in such projects, 33% investment should be reserved for big investors, 33 for general public, and 34% for govt(or whatever is possible). We will have enough money from within the country. Otherwise, that looted money will never be used in the favor of Pakistan, and we also have to borrow money to complete or initiate projects.

Pakistan is facing multitude of problems. Our trained man power is leaving Pakistan. We are getting technology at slower rate. We have low investment from external sources(except for China), unemployment and still lot of local industry doesn't pay their due share of tax. Now, if govt declares some industry or segment of Industry to be tax free, than by doing that, we can handle many problems in one stroke. The industry that is non-existent in Pakistan can be brought in like that. We can provide lot of employment opportunities to Pakistanis within Pakistan. We can encourage people from within Pakistan to invest in Pakistan. This trick may play wonders for Pakistan.

Nothing of this kind will work. If it could, it would have worked in many many other poor nations.

Basically here is what can work. But it will come at an immense cost to people of Pakistan.

1. Start development of several coal fired power-plants. Does not matter old or new technology. Pakistan has some coal and can use it to generate electricity. It will make life hell for those who live near the power-plant but it will work. Fortunately for you, you have a lot of sparsely populated areas.

2. Next step is drastic and extreme, in an extremely fast manner, buy lots of forex and let PKR tank completely. does not matter if it hits 1000 PKR to USD. If it comes to it, cause inflation and even print money. It will give you fiscal cushion without any foreign political interference and will make it extremely hard for people to import goods into Pakistan. Also it will make you extremely viable for export. It is what china did but more extreme. Pay off your debt and pass laws which make taking loans in USD or any foreign currency impossible. Build Dams.

3. Remove almost all labour protection laws, make hiring and firing extremely easy. Put basic taxes on corporate so you can fund a very basic health care for masses.

4. Build a manufacturing based economy from there on. Take up manufacturing of basic goods. Invest in cash crops, especially ones which are not too water dependent. Pakistan has a large coastline so invest is fishing massively for food. Invest in food processing to ensure food wastage is minimized.

5. Invest in skill training insitutes, which can train skilled/semi-skilled workers in 1 or 2 years of courses. Do not go for engineering courses, these graduates will leave country fast. Train more factory workers who are skilled. Have a path from skilled worker to an engineer by two to three more years of study. Or a skilled worker to a manager via management courses. You need to ensure your fast growing population enters into workforce and fast.

6. While we are at skills and training, promote education, skills training etc in local languages and leave english or foreign languages to a bare minimum -- for the short term. It will have two effects, first you will be able to completely your education fast and it will be of better quality AND secondly, it will hinder majority of people from seeking jobs outside easily.

In short focus of fundamentals and not glorious and glamourous things.

 

[fitpOsitive]

It might work, it might not. It may still be worth a try I suppose since it is better than doing nothing at all.

yessssss, that's the least we can do.