World economy crisis ends: Assad Omar

[kamranofficial]

Islamabad: Finance Minister Asad Umar says the crisis of the country's economy has gone down and now we are in the stabilization phase that will last for a long time. Speaking at the function in Islamabad, Asad Umar said that Pakistan's economy has three major challenges, budget deficit, trade deficit and investment can be reduced, Pakistan does not export so much exports. The Finance Minister said that the economy has come out of the ICC, the crisis in the country's economy has gone down and now we are in the stabilization stage, which will last for a long time, then we will go on a stable development. He said that Pakistan does not export so much to get foreign exchange, the savings which we had saved was so fast that I had to close the fist hard to stop it. He said that in 70 years, many countries went ahead of us, including Bangladesh, and the growth rate of the growth of half-a-half countries of Africa is better than us. Asad Omar added that at this time we are not only taking back the old loans but also to pay interest on it, more than $ 800 billion was taken to pay interest, it is dangerous to us. Went ahead too. He said that our exports in 2003 were 13% of the economy's volume which lasted 8 percent last year - we went on slogans instead of development, we lost the loss of Rs 1900 billion last year, that is why we are friends and friends, Go to IMF and ask for help from everyone. Asad Umar said that if properly utilizing Balochistan's resources, would not stand before the IMF, Bangladesh today has doubled us, India has taken, and Turkey is developing more than three times, we need to reach here. Is. The Finance Minister said that if the FBR does not recover, Pakistan will not be altered, Sensex rate in Pakistan is among the lowest countries in the world, last year's Sung rate of Pakistan was 10 percent, if the money will be saved and invest So you will proceed, China and India have a growth rate due to growth of Sung. He said, "I do not want to pay any tax with sorry, so many questions do not ask for a daughter-in-law, as much as the question asks in the FBR tax return, so it is easy to pay tax." The Finance Minister said that there is no use to put people in prisons, the scheme has been decided to show the assets, but this scheme will be successful when people know that when the scheme ends, Do not have a hide place, so take advantage of the scheme, do not sing after that. Asad Umar said that our external information has improved very well, now the law has been taken into account with unauthorized accounts. He said that we have made artificial money a lot of money by keeping money indefinitely, keeping the value of rupees is a tax on labor, farmer and investor, we have to eliminate this system, we need exchange rate stability.

 

[El Sidd]

dafuqswrongwithhim

 

[S.Y.A]

Islamabad: Finance Minister Asad Umar says the crisis of the country's economy has gone down and now we are in the stabilization phase that will last for a long time. Speaking at the function in Islamabad, Asad Umar said that Pakistan's economy has three major challenges, budget deficit, trade deficit and investment can be reduced, Pakistan does not export so much exports. The Finance Minister said that the economy has come out of the ICC, the crisis in the country's economy has gone down and now we are in the stabilization stage, which will last for a long time, then we will go on a stable development. He said that Pakistan does not export so much to get foreign exchange, the savings which we had saved was so fast that I had to close the fist hard to stop it. He said that in 70 years, many countries went ahead of us, including Bangladesh, and the growth rate of the growth of half-a-half countries of Africa is better than us. Asad Omar added that at this time we are not only taking back the old loans but also to pay interest on it, more than $ 800 billion was taken to pay interest, it is dangerous to us. Went ahead too. He said that our exports in 2003 were 13% of the economy's volume which lasted 8 percent last year - we went on slogans instead of development, we lost the loss of Rs 1900 billion last year, that is why we are friends and friends, Go to IMF and ask for help from everyone. Asad Umar said that if properly utilizing Balochistan's resources, would not stand before the IMF, Bangladesh today has doubled us, India has taken, and Turkey is developing more than three times, we need to reach here. Is. The Finance Minister said that if the FBR does not recover, Pakistan will not be altered, Sensex rate in Pakistan is among the lowest countries in the world, last year's Sung rate of Pakistan was 10 percent, if the money will be saved and invest So you will proceed, China and India have a growth rate due to growth of Sung. He said, "I do not want to pay any tax with sorry, so many questions do not ask for a daughter-in-law, as much as the question asks in the FBR tax return, so it is easy to pay tax." The Finance Minister said that there is no use to put people in prisons, the scheme has been decided to show the assets, but this scheme will be successful when people know that when the scheme ends, Do not have a hide place, so take advantage of the scheme, do not sing after that. Asad Umar said that our external information has improved very well, now the law has been taken into account with unauthorized accounts. He said that we have made artificial money a lot of money by keeping money indefinitely, keeping the value of rupees is a tax on labor, farmer and investor, we have to eliminate this system, we need exchange rate stability.

and now in English?

 

[AZADPAKISTAN2009]

Assad ,

For god sake just ban imports we don't need

 

[VCheng]

He said, "I do not want to pay any tax with sorry, so many questions do not ask for a daughter-in-law, as much as the question asks in the FBR tax return, so it is easy to pay tax."

My favorite quote!

 

[S.Y.A]

My favorite quote!

 

[TheDarkKnight]

My favorite quote!

I guess need more questions for a daughter in law?

 

[Haroon Baloch]

$ 800 Billion interest? I'm sure thats a typo

 

[Pakistani Aircraft]

I am tired of listening to Assad Omar's nonsensical baqwas.

 

[Crusher]

The guy is bastion of neo-liberal economic model which asks for removal of all kinds of social taxes in the economy and leaving the general public of the countries in miserable economic status without the state helping them at all. According to neo-liberal economic rats, the wealth shouldn't be distributed but concentrated to select private corporations, banks and crony big industrialists. This neo-liberal trash economic model has given rise to events like Brexit in UK, Trump as president in USA, the rise of far-right white supremacists and ever growing hate against immigrants in all western countries. This neo-liberal model of criminal economics is not going to solve any problems of Pakistan, it will keep adding the problems and economic injustice in the country. But these trashy MBAs like Asad Umar and the academic institutions that train them don't want to deviate even an inch from neo-liberal criminal system of economics.
The only beneficiary of neo-liberal economic model in the last 20 years has been China which itself practices the state sponsored capitalism whereas all countries following neo-liberal economic model are losers including Pakistan.

 

[Skyliner]

oh just fk these press conferences and get on with your work, and do something.
WB predicts GDP
this year 3.5
Next year 2.7

 

[Fledgingwings]

May Almighty Allah have mercy on us all.

 

[AZADPAKISTAN2009]

Well if the bleeding is due to Imports , then Imports should be stopped , allowed 10-15% tax is not helpful because it is draining the Dollar reserves in State Bank.

The 10-15% Government needs to collect as tax , should be coming from Income Tax and GST only

Example of Bad Policy:
Imagine State Reserve (in dollar at $50)

Existing Debt (Example) : 150 Dollar
New Imports allowed : 100 Dollar, Dollar reserves in State Bank of Pakistan goes down (-50)
Government of Pakistan collect benefit : 1 Dollar Tax duty

Interest due on existing Debt: 3 Dollar

Sure you gained 1 dollar tax duty but you still damaged state reserves by 99 dollar
and you also have to pay 3 $ more on interest




Example of Good Policy:
Imagine State Reserve (in dollar at $50)

Existing Debt (Example) : 150 Dollar
New Imports not allowed : $0 , State Bank Dollar reserves stable, no Devaluation

Local Companies Step up : Make sales and Pay Taxes to Government ($100 dollar)

• Plastic is banned so cloth bags companies thrive
• New Auto is banned , so Pakistani Auto parts companies thrive for parts
• Animal Fat /Vegetable oil is banned so local Desi Ghee picks up business
• Fuel consumption is reduced by 50% people travel in buses , Tax collected

Only interest due $3 dollar
Government easily pays that off from $100 collected from FBR in taxation of companies

State Reserve $50 + $97 = $147
Since state reserves grow Rupee value starts to rise



Government cannot build their house of dreams on Import duty tax

 

[Respect4Respect01]

Assad ,

For god sake just ban imports we don't need

lol this might seem like a joke to you but we also import DAAL/lentils...

 

[jupiter2007]

oh just fk these press conferences and get on with your work, and do something.
WB predicts GDP
this year 3.5
Next year 2.7

What do we have to offer to the world? Our agriculture production yield is less. Our export is shirking...
Do you know anything about economy?

Same people have looted Pakistan are friends with media houses and lifafa anchors who are demanding the head of Asad Umar and Imran Khan Every night. They want 30 years of F*up fixed in 8 months. How can you bring changes when every system is corrupt. How can governments do Ihtesab when judicial system is corrupt?

I don’t agree with Asad Umar. Economy was in coma in ICU, it maybe out of coma but still in ICU. It might go from ICU to general ward in July when IMF agreement will be signed. It will be in General ward for another 12 to 18 months before going to long term care facility.

8 months in COMA in ICU
4 months in ICU
18 to 24 months in General Ward
18 to 36 months long term recovery