Only $10+ billion for 100 million Punjabis (Need drastic increase in budget)

[forcetrip]

forcing one child policy in China has backfired terribly. If you read recent news about lack of workers.

Its what saved them to become what they are and now they can take the fork in the road to making more babies according to their national requirement and resource needs.

 

[FaujHistorian]

Its what saved them to become what they are and now they can take the fork in the road to making more babies according to their national requirement and resource needs.

Making babies like they are assembling Iphone in neat and clean factories. hahaha.


just kidding. I understand your point

 

[Bouncer]

forcing one child policy in China has backfired terribly. If you read recent news about lack of workers.

Lack of workers in China? Any source please?

The only negative thing I read about and heard from my colleagues is that the male/female ration got messed up. But never heard of human resource shortage in China.

 

[forcetrip]

Making babies like they are assembling Iphone in neat and clean factories. hahaha.


just kidding. I understand your point

Babies Allah ki Dain nahin, boriat ki dain hai.. When you have nothing to look forward to because of non existant or outdated skills you gamble on maximum amount of children. Tukkay mai eik tu sahi nikal jayay ga. That one child will figure out how to take care of the entire useless family.

Lack of workers in China? Any source please?

The only negative thing I read about and heard from my colleagues is that the male/female ration got messed up. But never heard of human resource shortage in China.

Like Contrarian stated. China will be diversifying into high end products which require extremely skilled labour while machines will take care of the rest. Chinas main scare right now is not population, but its energy.

 

[Contrarian]

Lack of workers in China? Any source please?

The only negative thing I read about and heard from my colleagues is that the male/female ration got messed up. But never heard of human resource shortage in China.

Google it, you will find a dozen on the first page.

There is a labor shortage and that has led to a fast rise of wages. This is the prime reason why low end/low margin manufacturing is moving out of China..

This however is not a problem, its simply the natural order of things. Some jobs cannot be expected to remain in the same country for a decades together. This happened to every developed country in the world.

 

[FaujHistorian]

Google it, you will find a dozen on the first page.

There is a labor shortage and that has led to a fast rise of wages. This is the prime reason why low end/low margin manufacturing is moving out of China..

This however is not a problem, its simply the natural order of things. Some jobs cannot be expected to remain in the same country for a decades together. This happened to every developed country in the world.

Ok guys.

Even though we can talk forever when it comes to making babies.

Any other suggestions.

Contra bhai, Indians have improved their economy even when baby machines were in overdrive.

So there must be other factors as well.

please share.

Thank you

 

[Contrarian]

Contra bhai, Indians have improved their economy even when baby machines were in overdrive.
So there must be other factors as well.
please share.

We did improve the economy - though that is not saying much. We did not even achieve 10% of the growth what we could have.India is an over-regulated country. We have more laws than anyone in South Asia(probably entire Asia) because of our socialist underpinning and populist form of governance. China does not - though this might seem counter-intuitive(because China is more nimble than India when it comes to change).

Pakistan and Bangladesh both fare much better than India in terms of regulation. India ranks at the extreme end of ease of doing business and far after both Pakistan and BD let alone China. And almost all of our laws are focused on manufacturing and made in the Nehruvian era.

So we made money where the Government could not intervene - IT. Completely private sector driven.
And this is where somehow all the emphasis on education(must, in socialist economies) paid off. We had a large and ready educated workforce.
What started off as simple voice component of BPO(call centers) and basic code export of y2k problem which gave most global companies exposure to India. To the credit of Indian industry, it used that as an opportunity and did not remain limited to pluck low end IT. They wanted more & soon graduated from voice to data to knowledge export today. Vanilla BPO business today accounts for just 2% of India's electronic exports. These companies have absorbed most of the educated labour coming out in India and given a decade of good growth.

However we still have massive population who is leaving farming and coming to cities and there are no jobs to be had for these people. This is where we missed the bus. No politician/party in India has had the guts to fight the labour unions and amend the labour laws and manufacturing laws so that it becomes competitive to China and Vietnam. And we have very high unemployement amongst these people. For a while the construction boom in India absorbed them, but as that growth has slowed down, they are once again a burden on the society than an asset.

Congress Govt did nothing since the last 5-7 years. We have been running on zero governance and basically minimal Govt support on any issue.
Japan has come to our aid here - literally a saviour. They initially asked GoI to make some specific infrastructure so that their companies can shift from China to India.Over 10,000 Japanese companies in China are looking to relocate. Even if we get 10% of that, we would create millions of jobs just by Japanese companies.

GoI could not get it done. As I said, they gave zero governance to India. Finally, Japan forced the last GoI to make some new policies and initiatives like the Delhi-Mumbai Industrial Corridor, entirely funded by Japan costing $100 billion. Even that is massively delayed courtesy of slow pace of work.

You can draw your conclusion of where we failed, and where we have succeeded.

However I will say this, it seems that after many years, we finally have a Government.

Modi Govt has bluntly said that they recognize the problem and their prime focus on economy is on manufacturing. It also seems that the new Government is proactive, they have already indicated they are willing to do something about labour laws.

So there is hope that in the next 5 years, Modi will lay the groundwork for another decade of high growth - this time powered by Manufacturing instead of Services like last time.

 

[Hemlock Khalid]

When you say "short cuts", do you mean short term options vs. long term options?

yes... i meant some immediate measures to start with

 

[FaujHistorian]

yes... i meant some immediate measures to start with

There are three sources of revenues. right?

1. natural resource like oil (we don't have)
2. manufacturing (not a short term thing)
3. Service sector (we can)

Think about service sector, and ask yourself, which professions of Pakistan are considered among the best in the world?

 

[Asian.Century]

Only $10 billion for Punjab, how pathetic it is.

 

[Bouncer]

There are three sources of revenues. right?

1. natural resource like oil (we don't have)
2. manufacturing (not a short term thing)
3. Service sector (we can)

Think about service sector, and ask yourself, which professions of Pakistan are considered among the best in the world?

IT and ITES. We have an almost unlimited supply of IT professionals in the country. And that too of good quality. There are two blocking points;

1. Security / Law and order situation: Foreign clients don't dare to land at our airports. We have this image problem (which I am begining to think that it might be an actual problem).
2. Government support; our laws are extremely supportive (100% repatriation, 100% ownership, tax holidays etc). This is a minor factor, but given our security issues, GOP should go out of the way to encourage local and foreign IT companies.

Our labor costs are lower than India. Freelancers are not affected by above two points, so you can see that they are prospering inside Pakistan. Musharaf's time saw mushrooming of software houses in Isb, Lhr and Khi. Since then we also have had many local success stories but mainly in app development. Other companies like Netsol, SI, TRG, Axact are there.

Then BPO is not only limited to software development. MNCs offload lots and lots of engineering design work / consultancies to offshore offices. We need to focus on that. GOP has to go out of the way to facilitate this. Make green zones (like IT cities) and accept no mullah BS there. Locate them close to airport, make some good hotels there etc etc.

 

[Al Bhatti]

Quality education to children and adults = job opportunities = Safety and Security = increase in standard of living = development of the nation

UAE tourism worth $52bn in 2012, says report - Travel & Hospitality - ArabianBusiness.com

Tourism in Dubai is worth US Dollars 52 billion (52,000,000,000) and that after spending billions on mostly creating tourists attractions and tourist friendly environment. Millions are visiting Dubai every year.

Pakistan has hundreds of tourist attractions if not thousands and all are just waiting since decades to be developed and be tapped for it’s real potential. If we just increase the standard of living for the common man and our population is 190 million, imagine the number of internal tourists we will have. Imagine what would be the Pakistan tourism worth? And this will lead to influx of foreign tourists.

Dubai heavily relies on foreign tourists. Whereas in Pakistan we don't have to worry about it as much for a short term as the internal tourism will be more than enough to kick start the wheels of the tourism economy.

With tourism sector wheel moving imagine it’s impact on other sectors like air travel and transport and handicrafts manufacturing.

Like wise develop the medical sector create some sort of health care city(ies) like in Dubai and you have medical tourism. We boast of our doctors of being very talented. Use them.

A good leader is he who implements projects before they are needed. And luckily all our politicians in and outside the country are short sighted and cannot see further from their party chairs.


This is just a small quick example for 2 sectors. But fortunately we are lucky that we don't have a leader who is willing to tap the resources of Pakistan in the best possible way in the interest of the common man and the nation

 

[FaujHistorian]

UAE tourism worth $52bn in 2012, says report - Travel & Hospitality - ArabianBusiness.com

Tourism in Dubai is worth US Dollars 52 billion (52,000,000,000)

Well said.

you have hit the nail on the head of economic problems of Pakistan.

Tourism is the the most important first step for any country to do any kind of international business.

Here is an example.

Suppose you are in a big country. you go to a mall, go to food court and buy $5 worth of snacks. This is comparable to "tourism" aka window shopping.

If you are attracted to the surrounding of the mall, then you will explore it further and do much more expensive "business transactions" aka shopping worth $100s.

Same thing countries.

Pakistan like any other country is very much like a mall.

Tourism means people come to walk and eat and spend a bit money.

If they like the environment, they will establish much bigger and longer term contracts.


Sadly, we don't want Western tourists.

We want the badass Islamists tourists like the forking ben fing laden

And we all know what kind of monkey business that murdood brought to our country.


So it is all our preference, all our choice as to who we invite as a tourist.

OBL or a Western CEO like Bill Gates.

Choice is ours.