Hammad Azhar elevated to post of federal minister for revenue

[RIP Pak LAW]

There's no way boss.. have discussed this with so many people.... PTI took the government (or given the government) when two parties left nothing.. 25 billion current deficit and 95 billion loan? Which equation can solve the problem?
Government thought that with IK in power, investors will start trusting the government, and a lot of investors/ FDI will come to the country, that will also solve the balance of payment crisis.. but it didn't happen as expected.. There is no foreign investment coming to the country.. Even the overseas Pakistanis aren't investing in Pakistan so you can imagine what a foreigner with no roots in Pakistan will think.. specially when they have India and Bangladesh to invest in.. plus the political situation is not very encouraging for foreign investors.. a lot of red tape is still there that should have been addressed in the first few months..
Government tried to decrease the imports, with that import tariff income also decreased.. although it decreased the current account deficit.. so government had to increase the taxes.. but another wrong step was that it didn't broaden the tax base... big agriculturalists still don't pay anything... because agriculture income is broadly tax free..
A lot of help was provided by friends but that's not enough.. simply put.. we are going through an extremely shitty period..

Than should had sticked with Asad Umer at first place and wait for the better times

 

[war&peace]

It all began when NRO was given to some political party leaders in 2007/ 2008..

Yeah but at least in 2013, they should have realised the devastation caused by Zardari and not let NS come into power to rob whatever was left.

 

[PakSword]

Than should had sticked with Asad Umer at first place and wait for the better times

Asad was not ready to accept the terms of IMF.. that's why he gave some exemptions on some industries and was able to put huge tariff on imports.. sadly, he was sidelined because Pakistan still badly needed some money... and the only sources left were friends, who helped, and IMF..

 

[war&peace]

Asad was not ready to accept the terms of IMF.. that's why he gave some exemptions on some industries and was able to put huge tariff on imports.. sadly, he was sidelined because Pakistan still badly needed some money... and the only sources left were friends, who helped, and IMF..

Well, if the friends helped enough, Pakistan won't need to to go IMF.

 

[PakSword]

Well, if the friends helped enough, Pakistan won't need to to go IMF.

There are no free lunches.. How much did we help in Yemen and Syrian crisis?

IK will have to take a definite line one day.... Apparently, he is so hell bent on pleasing Iran.. I don't know if he is himself pro Iran or not, but the people who surround him definitely are..

 

[war&peace]

There are no free lunches.. How much did we help in Yemen and Syrian crisis?

IK will have to take a definite line one day.... Apparently, he is so hell bent on pleasing Iran.. I don't know if he is himself pro Iran or not, but the people who surround him definitely are..

Why?

Hafeez sheikh took his ministry portfolio back with in 24 hrs ...embarrassing for Hammad Azhar

What is your source? plus he cannot be minister. He is just an advisor.

 

[guest9999]

If the sources are correct, than it's our PM who is to blame --- Hafeez Sheikh also served in PPP govt without delivering anything good, wasn't our PM aware of this??

He wasn't the original pick of PPP. It's very likely he was recommended by the "establishment". His credentials are solid.

 

[Shane]

Asad was not ready to accept the terms of IMF.. that's why he gave some exemptions on some industries and was able to put huge tariff on imports.. sadly, he was sidelined because Pakistan still badly needed some money... and the only sources left were friends, who helped, and IMF..

Asad Umer my favourite PTI guy made a mistake. He kept telling IK we won't need to go to IMF while the opposite looked ominous so he also kept lobbying other economists in economic advisory council to convince IK to go to IMF but himself failed to conjure up enough strength to tell IK openly that he infact cannot manage without IMF as against his boasts before elections that he is all prepaired and ready.

This much I gathered from an economist in economic advisory council privy to the situation.

IK got disturbed and disallusioned by this fledgling line of action by his clisest confidant and decided he needed a technocrat to handle IMF better.

This is by no means a first hand account nor do I claim it to be the entire truth but one of the versions out there and only Allah knows best.

 

[PakSword]

Why?

Friends ask the same question...

 

[nahtanbob]

Well, if the friends helped enough, Pakistan won't need to to go IMF.

that is the million dollar question

 

[Dubious]

@Syed1. and @!eon please refrain from foul words!