Wil pak expats bet on pakistan?

[SaadH]

Had the queen (UK's mommy) not passed away a while ago? She was a noble lady, I must admit.

Noble lady indeed for a bootlickers of colonial sepoy. She headed a colonial power that undertook profound level of genocidal subjugation of half the world.

 

[SIPRA]

Pakistan is doomed. Expats shall better forget about it and concentrate on the countries, where they have immigrated.

 

[VCheng]

Pakistan is doomed. Expats shall better forget about it and concentrate on the countries, where they have immigrated.

Pakistan is not doomed. It will continue to work very well for the military and the elite, and the expats will slowly assimilate in their adopted homelands over a few generations.

 

[HttpError]

We are fine and our economy is about to start climbing up from January 2023!

I have to agree with @Horse_Rider here. Pak is where India was in 1991- seemingly staring at default but actually it was the darkest hour before dawn. Anyone who had money and had invested in India (through the BSE) would be rolling in money now.

My advise to young Pakistanis, if any here, will be to have faith, stay back, and stay invested. It could be the best decision they would ever take.

Regards

how?

 

[aviator_fan]

I will gladly invest (with risk) in Pakistan once I know that the elected leader has not stolen and will not steal and has contributed to the betterment of society as a human being. Building two cancer hospitals fits the bill. The thieves united today do not. Our Foreign Minister is back in the US on a 9day trip after spending a week at the UN in Sept.

 

[Ssan]

how?

Through Indian well-wishes for PDM govt. you won’t find such sentiments when IK was in power.

 

[cricketrulez]

So @RiazHaq

did you buy these bonds? you know, put money where your mouth is.

 

[fitpOsitive]

Yes, only if Jamat e Islami comes to power.

 

[SaadH]

Yes, only if Jamat e Islami comes to power.

Won't matter as long as Sepoys are around...

Need to dislodge the sepoys and send them back to their barracks for any serious minded expat to return to Pakistan or invest in it.

 

[FuturePAF]

Pakistan is not doomed. It will continue to work very well for the military and the elite, and the expats will slowly assimilate in their adopted homelands over a few generations.

Do they expect remittances (beyond those from people sending to their families) to continue? They are the ones that will have to reinvest in the country more and more if they drive away the rest of the potential investors.

The sad irony is they; the elites, are the one most to benefit from just paying their fair share in taxes, and reaping the reward of a politically stable country. If Pakistan makes the necessary reforms like Indonesia or India, and for example grow like how Indonesia did for the last 24 years; at an average 11.25% year on year, by 2047 the current $350 billion economy will be $4.5 Trillion; with a GDP per capita of $12,500.

This is not idle speculation, but in line with estimates done by PwC: $4.2 Trillion by 2050.

Pakistan will be 16th largest economy by 2050: PwC report

KARACHI: In its recent analysis, PricewaterhouseCoopers (PwC) predicts that Pakistan will achieve impressive growth rates over the next three decades,

www.economy.pk

In 2050, India’s demographic dividend will have ended and Pakistan’s may have another 20-25 years to go beyond 2050. Laying the ground work now, in 2023, is crucial.

They have the most to gain, disproportionately, just look at the wealth of all these countries a generation ago; millionaires are now billionaires. It’s sad that they don’t realize the opportunity they have in their hands. The definition of penny wise and dollar foolish. With that kind of economy in 2047, they can travel the world with their heads held high in the comity of nations, because nowadays in New York, when you tell the average person your from Pakistan they basically think it’s the same as Afghanistan. The same will happen to them when they go abroad nowadays.

https://twitter.com/x/status/1617731018668281856

Serious discussion, what kind of tax reforms are needed to turn this around? For example, Property tax should be at least 1% instead of the current supposedly 0.01% or 0.02% of a property’s (farm land and residential housing) value?

 

[Olympus81]

I will only bet if there is stability and rule of law for 5 years.

There is no semblance of that in Pakistan.

 

[fitpOsitive]

Won't matter as long as Sepoys are around...

Need to dislodge the sepoys and send them back to their barracks for any serious minded expat to return to Pakistan or invest in it.

Its a staff who thinks of it as owner.
But wait, why it is called army staff? As far as we know, staff works in companies, right? Oh wait a minute, is it East India Company we are talking about? But to the best of our knowledge, Britishers left Pakistan long ago, no?
This concludes that we are following the same structure as britishers did. But what controlled this "staff" in those days? So either, a powerfull consortium of businessmen, or in later years, the powerfull british monarch.
But what is the Solution to this situation?
At first, we must build a powerfull force, whose foundation should be strictly based on morality. A force that purge people of their bad habbits and traits. Then this power should takeover the driving seat.
Pak army is our asset, and dismantling it thoughtlessly will be against the interests of Pakistan, as India definitely is a hyena in the neighbourhood.
Jamat e Islami fullfills all these criterias to become the power that will revitalise our society.

 

[Clutch]

Invest in the Titanic will be a great poster campaign to attract such foreign investments.

 

[GriffinsRule]

every time i thought Pakistan cant get lower than this, they always surprised us all… wait and see for another surprise from this stupid estab lot

Should be Pakistan's new national anthem could be Ludacris's 'how low can you go'

 

[VCheng]

Do they expect remittances (beyond those from people sending to their families) to continue? They are the ones that will have to reinvest in the country more and more if they drive away the rest of the potential investors.

Remittances serve more to drive up property prices beyond the reach of those earning in PKR, and then create demand for imported goods that eat up the balance in the FE accounts that they helped balance in the first place. They are therefore more self-serving than anything else.

The sad irony is they; the elites, are the one most to benefit from just paying their fair share in taxes, and reaping the reward of a politically stable country. If Pakistan makes the necessary reforms like Indonesia or India, and for example grow like how Indonesia did for the last 24 years; at an average 11.25% year on year, by 2047 the current $350 billion economy will be $4.5 Trillion; with a GDP per capita of $12,500.

Agreed.

Serious discussion, what kind of tax reforms are needed to turn this around? For example, Property tax should be at least 1% instead of the current supposedly 0.01% or 0.02% of a property’s (farm land and residential housing) value?

Making the taxation system more direct than indirect, and more progressive than regressive, would be a good start, but unlikely to happen, as we have seen over decades and decades.