Pakistan, IMF seal the deal

[Sine Nomine]

Yes, when the entire length of the 800 mile motorway is completed soon things should better for these exporters from this triangle but as @Nilgri stated can you imagine if the entrepreneurs from their and their workers were invested in a SEZ on the coast in Sindh? By now we could have had Hong Kong on our hands.

They won't move into Sindh,Karachi has got very bad reputation,whole city in rest of Pakistan is known due to ethno-fascist violence and extortion money.This triangle has huge potential two cities are working at small level while 3rd works at large scale and is providing huge quantity of raw material through recycleing to both of cities.Sialkot is dark horse,they have built their own airport and airline.
That can be done in Gwadar,a new city from scratch build like Islamabad, having two SEZ linked directly to ports via Motorway.And no CDA bullshit security left to Govt while management of city left on citizens and new improved tax collection system.Using sea water for city and conversion of surrounding land into agri land.Make it a city state.

True but I think as % of final cost, its not really a big deal these days if u look at size of some of these tankers. Would be surprised if shipping cost forms more than 0.5% of final "at gas pump" price for places say 10,000+ km away from the gulf compared to pakistan.

Shipping is very cheap transport cost wise by far compared to anything else (bar dedicated pipeline of course) and its ideal for bulky goods where transit time is not really an issue. Basically if you increase consumption of the oil, you ply more ships to transport it since speed cant be increased etc.

The biggest % component price in oil tend to be just the steady demand pull for it from the market (and thus price influenced by OPEC supply). When supply is near its peak, you get a sense of what the true base cost in oil is (and how low it is), I remember in the US/Canada it was super super cheap in the 90s....because of huge guaranteed supply in those years.

But still it adds some paisas in over all cost.It's shame that SA has not even a single pipeline.
Govts has little control in SA when it comes to gross root level,increase a rupee per liter and every tom dick and harry across country would be doing his own pricing of what he is selling.

 

[Yankee-stani]

Interesting you say that. Last year I had my boiler go kaput. I rang around and finally I got a quote from Slough, London. It was the cheapest and they would fit Bosch boiler which is the best in heating market. I live over 180 miles from Slough and these guys came in on saturday morning. Finished the job by evening. Both were recent migrants from Eminabad which I believe is within that Sialkot triangle. These guys had arrived in UK only few years before but had set up the heating company and were doing really well. I was most impressed as most of their customers were English but because of their professional service and prices they were pulling in orders from across UK.

All those Polish plumbers must be pissed

 

[PakAlp]

Would it not be feasible if Pakistan establishes a new tax authority with competent people and tax the customers who purchase goods from the industries. Because as we know the shops keepers never pay tax. It's like the mobile phone, as you top up, the tax is automatically taken out. This way the tax authority does not need to go shops, markets, plazas for taxation as the goods are taxed. Also bring out business permits.

To tax the agricultural department, is it not possible to tax the amount of land you have rather than the profit they make as they hide it.

We all know their is big law and order in karachi so is it not better to make special economic zones with latest technology to bring investors in. Both local and foreign. This is definitely the government responsibility in which they are failing.

 

[GumNaam]

$6b over 3 years...why does it seem like not much?

 

[PakAlp]

$6b over 3 years...why does it seem like not much?

They are also getting 3b from world bank.
So in 9months pti has got 6b from imf, 3b world bank. 6b Saudi, 3b UAE. Not sure how much from China.

The government is touching 20Billion in 9months.

 

[Pubg1]

Pakistan is in a tough position in the short term and near long term. I just went through their import and export details and its not good reading.
2018
Exports - 23.7 b usd
Imports - 60.3 b usd
Trade deficiet - 36.6 b usd

This is offset by 22 b usd in remittance earnings.
So a net outflow of 14.6 b usd in 2018. Though some re-export figures are missing. So this might be a bit lower.
Pakistan does not really have a export base while its main imports are petroleum based products and electronics and machinery. Basically it imports all industrial equipment.
1.3 b usd in phone imports is a luxury for such a nation. Maybe increase the duty substantially on phones and other luxury items and discourage their import.
No easy solutions as Pakistan likes to live well without the finances to support it.

 

[SoulSpokesman]

@Indus Pakistan

Kaptaan sb,

Petrol/diesel are kept very expensive in India usually. Mainly tax as your surmised. One of the few good things the govt(s) have done in recent past (although done for all wrong/irrelevant reasons).

Regards

 

[AsifIjaz]

The easiest and quickest way to increase exports from Pakistan is for the government or the embassies in gulf and in some European cities / countries to open up Pakistani stores which sell local quality products from food to snacks, from packed items to fresh fruits and from good local clothes brands to shoes. Having lived abroad myself and with relatives, colleagues and friends in many countries i can say it for sure that there is a huge demand for alotttttt of stuff that can be sold at a premium rate and still it would sell like hot cakes. Not only Pakistanis but Indians, east asians and dare i say sudanese/egyptians are easy customers.

 

[Sunan]

Khudkushi ki khabar aanay wali hai bas PM Select ki

 

[maithil]

https://twitter.com/x/status/1127874045893070849

Markets are not reacting positively to deal. Opposite was supposed to happen.

 

[Crusher]

https://twitter.com/x/status/1127874045893070849

Markets are not reacting positively to deal. Opposite was supposed to happen.

Free fall in markets is due to international reasons, China vs USA hot statements today, all asians, europeans and american stock markets are taking big losses today. The reason is this war of words between US and China according to reuters,
China says will 'never surrender' on trade, Trump warns against retaliation