FATF Plenary Meeting Starts to Decide on Pakistan’s Removal from Grey List

[Kabira]

When if ever is Pakistan ever going to repay this?

Can it?

Pakistan is doing no different to what millions of credit card scam artists do in India daily.

Many of them very white collar.

But scamsters nonetheless.

Cheers, Doc

You see now Pakistan is under IMF control. It means its taking way less foreign loans and returning more. From where? By making Pak currency rate market based imports have been reduced. Remittances now $28 billion per year and exports are also increasing but just $25b. But imports have reduced from $60b to $40 billion.

Its bad for GDP growth in short term but Pakistan is repaying loans all right.

 

[padamchen]

You see now Pakistan is under IMF control. It means its taking way less foreign loans and returning more. From where? By making Pak currency rate market based imports have been reduced. Remittances now $28 billion per year and exports are also increasing but just $25b. But imports have reduced from $60b to $40 billion.

Its bad for GDP growth in short term but Pakistan is repaying loans all right.

Sir you are repaying. But not the principal.

There is a reason I employed the credit card roller analogy.

You are doing it at a national level.

Cheers, Doc

 

[Verve]

smuggled Iranian oil which is sold at 50% cost of local fuel.

And still make a huge profit on it!

10ltrs of petrol in Iran costs £1. Yes, just £1 for 10l! That's Rs220 for 10l, or Rs22 per litre. Selling 1l for Rs55 is Rs33 (150%) margin.

 

[Nasr]

I don't understand Pakistan economy.

Their people look well fed and clothed in the videos we see.

Why are they always short of money as a nation?

Its a serious question.

Are they having to spend too much on defending themselves against hostile neighbours?

Cheers, Doc

Because the scum politicians that came to power in the past (nawaz, benazir and zardari) plundered the wealth of Pakistan and when that wasn't enough, they borrowed heavily and pumped it into their own businesses. Had these b@$tard-scum politicians not stolen Pakistan's wealth. Then today Pakistan would be economically more powerful than South Korea.

These b@$tard-scum politicians bribed, bought, bankrolled and hired mafias that have murdered innocent Pakistanis, their competition, legitimate businesses, illegal land grab, fraudulent housing schemes for illegal profit, bullied and threaten the weak to vote for their masters and the list goes on and on and on ...

For the last 73 years Pakistanis have been in this state, because they have NOT been faithful to Islam. Nor have they made any effort to study Islam and focus on building Pakistani society on the Blue Print of Madinah State.

Instead of fusing faith and the quest for knowledge and information, we in Pakistan were duped, bought-off or killed by these scum-b@$tard politicians. If the enemies within weren't enough, we also had the filthy enemy (india), 20 years of War on Terror, 11 years of economic and military sanctions.

Answered your question yet?

 

[Death Professor]

I don't understand Pakistan economy.

Their people look well fed and clothed in the videos we see.

Why are they always short of money as a nation?

Its a serious question.

Are they having to spend too much on defending themselves against hostile neighbours?

Cheers, Doc

Tax choori, Corruption. People of Pakistan are rich, government/state not so much. A simple patwari, earns a f. ton of money. Did you ever visit Patwar khanna? he is by law obligated to sit in on the floor, and thats been there since british era. He charges minimum 5000 Pkr per page/document and all of it goes into his pocket.

And those who are in a system, try their level best to steal and not pay tax. Just an example below. 1 million fine, to them its laughable and not even a days sale.

The Large Taxpayers Office (LTO) Islamabad of the Federal Board of Revenue (FBR) has imposed a penalty of Rs. 1 million each on Tehzeeb Bakers and Metro Shoes for failing to connect their retail outlets with FBR’s Point of Sale (POS) system.
https://propakistani.pk/2020/12/09/...tro-shoes-slapped-with-rs-1-million-in-fines/

 

[padamchen]

Because the scum politicians that came to power in the past (nawaz, benazir and zardari) plundered the wealth of Pakistan and when that wasn't enough, they borrowed heavily and pumped it into their own businesses. Had these b@$tard-scum politicians not stolen Pakistan's wealth. Then today Pakistan would be economically more powerful than South Korea.

These b@$tard-scum politicians bribed, bought, bankrolled and hired mafias that have murdered innocent Pakistanis, their competition, legitimate businesses, illegal land grab, fraudulent housing schemes for illegal profit, bullied and threaten the weak to vote for their masters and the list goes on and on and on ...

For the last 73 years Pakistanis have been in this state, because they have NOT been faithful to Islam. Nor have they made any effort to study Islam and focus on building Pakistani society on the Blue Print of Madinah State.

Instead of fusing faith and the quest for knowledge and information, we in Pakistan were duped, bought-off or killed by these scum-b@$tard politicians. If the enemies within weren't enough, we also had the filthy enemy (india), 20 years of War on Terror, 11 years of economic and military sanctions.

Answered your question yet?

But if the politicians technically plundered the borrowed money (not yours) and you never paid your money (as taxes) and as @Indus Pakistan says you still get infrastructure and social support that many fully industrialised western countries do not get, then where is the downside to this scam?

Milk it till the teat runs dry.

Then put your hands up and shrug your shoulders.

Cheers, Doc

Tax choori, Corruption. People of Pakistan are rich, government/state not so much. A simple patwari, earns a f. ton of money. Did you ever visit Patwar khanna? he is by law obligated to sit in on the floor, and thats been there since british era. He charges minimum 5000 Pkr per page/document and all of it goes into his pocket.

And those who are in a system, try their level best to steal and not pay tax. Just an example below. 1 million fine, to them its laughable and not even a days sale.

The Large Taxpayers Office (LTO) Islamabad of the Federal Board of Revenue (FBR) has imposed a penalty of Rs. 1 million each on Tehzeeb Bakers and Metro Shoes for failing to connect their retail outlets with FBR’s Point of Sale (POS) system.
https://propakistani.pk/2020/12/09/...tro-shoes-slapped-with-rs-1-million-in-fines/

I miss @I.R.A most times (except when he goes uncomfortably kattar) but especially at times like this.

This is his area. He's a pro.

Cheers, Doc

 

[Indus Pakistan]

When if ever is Pakistan ever going to repay this?

Can it?

Pakistan is doing no different to what millions of credit card scam artists do in India daily.

Many of them very white collar.

But scamsters nonetheless.

Never. Tell me what they gonna do. Send court bailifs to take possession of nuke armed country. We can be the Greece of Asia. Borrow. Then borrow more to pay off the borrow. Meantime live life of riley ...

 

[padamchen]

Never. Tell me what they gonna do. Send court bailifs to take possession of nuke armed country. We can be the Greece of Asia. Borrow. Then borrow more to pay off the borrow. Meantime live life of riley ...

Said exactly the same just above.

It's a nice scam you have going.

I guess of the two we turned out to be the middle class nerdy brother.

Cheers, Doc

 

[Mujahid Memon]

I don't understand Pakistan economy.

Their people look well fed and clothed in the videos we see.

Why are they always short of money as a nation?

Its a serious question.

Are they having to spend too much on defending themselves against hostile neighbours?

Cheers, Doc

To answer your question, I would like to ask you how do you define richness and poorness? What is the definition of money according to you?

 

[Indus Pakistan]

Debt trap diplomacy? fcuk em. Build more plazas, build more motorways, build more Gwadar ports, build more gold courses all on borrowed money. Now what they gonna do? Tear the bricks and take them back? Bankrupt a nuke armed country. Meantime this is what the Gwadar in the poorest province is begining to look like. And @padamchen I personally know scam artists who literally live like kings on borrowed credit. At some point when the bubble is too big they will declare bankruptcy.

 

[padamchen]

Debt trap diplomacy? fcuk em. Build more plazas, build more motorways, build more Gwadar ports, build more gold courses all on borrowed money. Now what they gonna do? Tear the bricks and take them back? Bankrupt a nuke armed country. Meantime this is what the Gwadar in the poorest province is begining to look like. And @padamchen I personally know scam artists who literally live like kings on borrowed credit. At some point when the bubble is too big they will declare bankruptcy.

I do too. Very close. In my own circle.

Thing is, I come from a family of land and mill owners up north and press owners to the west.

All hyper educated. And professionals.

It's a mindset switch too far for us.

But I'm not knocking it.

Like I don't knock guys who fcuk around outside their marriage. From afar.

Cheers, Doc

 

[Death Professor]

Debt trap diplomacy? fcuk em. Build more plazas, build more motorways, build more Gwadar ports, build more gold courses all on borrowed money. Now what they gonna do? Tear the bricks and take them back? Bankrupt a nuke armed country. Meantime this is what the Gwadar in the poorest province is begining to look like. And @padamchen I personally know scam artists who literally live like kings on borrowed credit. At some point when the bubble is too big they will declare bankruptcy.

US been printing money too, its not like we are the only ones who are living on debt. Its just the Keynesian model, go with the flow, it all currencies are pegged to the dollar which is fiat currency so not like it really matters.

 

[Mentee]

Now a bunch of money lending leeches gonna decide the fate of this Islamic republic? Its beyond pathetic witnessing educated Pakistanis holding their breaths to get a tiny share of crap -------.

 

[Kingslayerr]

How long before the gora money string guys ask the same question I did?

Does the Pakistan population look like African populations to merit the amount of foreign aid it gets regularly?

Cheers, Doc

Well i wont call it aid man. Just look at Pakistan's prespective
1. We love that juicy dollars.
2. We've been doing a service to the west with their Nato transit passing through pak which frankly has destroyed roads, we have to build and maintain them frequently for which we don't charge them so its more like a service than AID. US has withheld close to 9billion dollar of Pakistani money we need it. Not that we can't live about it but still that's my country's money.

 

[nomi007]

FATF is watch DOG for poor countries.