Pak economy - some good news

[blueazure]

1.current acc deficit falling . ( thanks to import curb and expensive dollar)

2.circular debt being managed ( though any gains are offset by dollar hike, the power companies fix their tarrif in USD to hedge against such eventualities)
i can confirm that there is no load shedding anymore, though bills are a bit higher this summer

3. i expect FBR to come to its senses and arrange a settlement with traders over the stupid CNIC issue. there is talk of flat tax and FBR is willing to compromise . stay tuned .


4. finally , NAB has grown a pair and confiscating properties of SS. good

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people here are unfairly attacking me over my economy threads, fair enough, right to abuse me is allowed .

I will however, keep exposing any IMF agenda driven attempts to damage our economy . + im still waiting for PTI econmic planners for a 5 year plan

 

[AUz]

I am out of Pakistan so can't tell but how is load shedding fellas? Better? Worse? How many hours?

Would appreciate any insights

 

[Maxpane]

I am out of Pakistan so can't tell but how is load shedding fellas? Better? Worse? How many hours?

Would appreciate any insights

no loadshedding in lahore sir

 

[shah_123]

1.current acc deficit falling . ( thanks to import curb and expensive dollar)

2.circular debt being managed ( though any gains are offset by dollar hike, the power companies fix their tarrif in USD to hedge against such eventualities)
i can confirm that there is no load shedding anymore, though bills are a bit higher this summer

3. i expect FBR to come to its senses and arrange a settlement with traders over the stupid CNIC issue. there is talk of flat tax and FBR is willing to compromise . stay tuned .


4. finally , NAB has grown a pair and confiscating properties of SS. good

--------------

people here are unfairly attacking me over my economy threads, fair enough, right to abuse me is allowed .

I will however, keep exposing any IMF agenda driven attempts to damage our economy . + im still waiting for PTI econmic planners for a 5 year plan

Electricity bills are approx 35% higher.

 

[Samlee]

1.current acc deficit falling . ( thanks to import curb and expensive dollar)

2.circular debt being managed ( though any gains are offset by dollar hike, the power companies fix their tarrif in USD to hedge against such eventualities)
i can confirm that there is no load shedding anymore, though bills are a bit higher this summer

3. i expect FBR to come to its senses and arrange a settlement with traders over the stupid CNIC issue. there is talk of flat tax and FBR is willing to compromise . stay tuned .


4. finally , NAB has grown a pair and confiscating properties of SS. good

--------------

people here are unfairly attacking me over my economy threads, fair enough, right to abuse me is allowed .

I will however, keep exposing any IMF agenda driven attempts to damage our economy . + im still waiting for PTI econmic planners for a 5 year plan

I Have Become Sick and Tired Of Giving Plans Just Type The Following In The Search Box

"Something Better Than Oil"

"What Khan Can Do Immediately"

And The Traders Can Go To Heel For All I Care They Are Nothing More Than Thieves and Blackmailers

 

[Sugarcane]

Government should seriously start working on cheap digital/electronic/banking payment system on war footing, Once the alternative is in place, discontinue bank notes over Rs. 100 and limit monthly cash withdrawal to Rs. 15,000. Once people stop using cash for big transactions, then government will not need help of businesses to find out tax evaders.

 

[MystryMan]

Electricity bills are approx 35% higher.

Listen to this and then u have some idea why Gas and electricity is getting out of reach.

 

[hussain0216]

I am out of Pakistan so can't tell but how is load shedding fellas? Better? Worse? How many hours?

Would appreciate any insights

Been here for last few months in full heat of summer

Hardly any noteworthy load shedding

 

[AZADPAKISTAN2009]

Here is what PTI Can do Immediately !
Put 500-600 of these bastards in prison , sab Tax bhi deinge , and thank you bhi boolein ge


What we are at number 7-10 now

Maharaja Nawaz Sharib (Gori Chamri wala)

LNG , Case hid details from Nation , Khakan America main Chadi Utar

Rana Sanaullah

Zardari in Jail , Shabaz in jail , Hamza Gangsta in Jail

Bas Aek ....Zanana Sheytan ko Choor diya .....Maryem beti ko jo harami pan choor nahi rahi

 

[blueazure]

Government should seriously start working on cheap digital/electronic/banking payment system on war footing, Once the alternative is in place, discontinue bank notes over Rs. 100 and limit monthly cash withdrawal to Rs. 15,000. Once people stop using cash for big transactions, then government will not need help of businesses to find out tax evaders.

aint happening

 

[Pakistani Fighter]

I am out of Pakistan so can't tell but how is load shedding fellas? Better? Worse? How many hours?

Would appreciate any insights

Loadshedding has started in karachi

 

[AsifIjaz]

I believe following 7 measures may improve tax net...
1) All government (federal + provincial) officers of grade 16/17 and above to file income tax returns. Without filing income tax they should be sent on leave without pay till they do so.

2) All medical professionals (doctors and head/lead paramedic staff) of government and private sectors/hospitals to file tax returns and those who do not will be sent on leave without pay for government and hospital/clinics closed for private.

3) All lawyers must file tax returns. those who do not will not be eligible to appear in courts or have some one appear in court in their name.

4) Annual token tax of all cars of 1500 cc or higher capacity can not be paid till system shows they have filed their tax returns. monthly 5% increment in the tax amount after the due date.

5) "New" electricity connection to a 10 marla house / bunglow or above in cities and at 20 marla house or above in towns can not be installed till they become a tax filer. Same way old meters which are faulty should not be replaced till the individual becomes a tax filer.
All meters at houses of above mentioned size installed since the year 2000 will be cut after lets say a year if they do not file tax returns or relevant documentation.

6) Commercial electricity meters to any offices or shops in designated markets, commercial roads, office complexes, high rise buildings can not be installed unless the owner is a tax filer.
For shops opened in residential areas, all shops above 2 marla must be given electricity connection when the owner is a filer.
All meters installed / replaced at above premises will be cut after a designated time slot provided the owners do not file tax returns or relevant documentation.

7) Shop, offices or houses of above mentioned size / specifications (in point 5 and 6) can not be rented out to an individual who is a non filer. Anyone renting shops or offices to non filer will be fined 100,000 PKR.
CNIC nos of individuals (city of origin only, no names or address) to be mentioned on FBR website and a print out of it made mandatory for all tenancy agreements.
All shops, offices or houses rented out to non filers will have to be vacated if the tax returns are not filed by the individual and print outs of FBR website given to owners.

8) From now onwards, No one can file papers for any national or provincial election(s) (not local bodies only NA/PA) if he/she has not submitted the tax returns for at least last 6 years. No late submission of previous "years" will be considered filing of taxes.

Do the above and you kill 3 birds with 1 stone. i.e.
a) increased tax base / network
b) Decrease in corruption or at least giving teeth to NAB and other tax officials in future cases against the corrupt
c) documentation of economy

The biggest retaliation will be from lawyers and on rented out premises. Sort them out and you can gather more revenue than expected and thus decrease tax rates and slabs.