Action Plan to Revive Pak Economy

Archive for the ‘Action Plan to Revive Pak Economy’ Category

How not to select a hit man?

September 21st, 2017 |

Author: Syed Nayyar Uddin

Dear Mr. Prime Minister,

AoA.

Sir,

These days it is widely speculated that soon you will be appointing a new finance minister.

In this regard, obviously you will be interviewing few deserving persons, for selecting the best candidate, for the post of finance minister of Pakistan.

I take this opportunity to suggest you to appoint such a person, for this very important and crucial job, who will give you the best plan, to do ONLY the following two jobs for Pakistan in the SHORTEST POSSIBLE TIME, under your cabinet:

– How to make Pakistan free of entire foreign debt?

– How to bring back wealth belonging to Pakistan, stashed illegally, in the foreign countries?

As, it must be in your knowledge that the above two issues were the main points, in the PMLN’s election manifesto promises with the nation, during the election campaign of general elections 2013; about which your party has miserably failed up-till now, but will be answerable for these promises to its voters, during the next general elections.

Best Regards,

Syed Nayyar Uddin Ahmad

Posted in Action Plan to Revive Pak Economy, Case for Pakistan's Loan write off, My Views, Pak Loan Write-off, Pakistan | No Comments »

How to Build Economy of Pakistan Without Loans and Exorbitant Taxation?

May 5th, 2017 |

Author: Syed Nayyar Uddin

In order to better understand the theme (higher taxes and more loans are deadly poison for a country’s economy) of this detailed write up, it is imperative to first watch the above video.

If anyone thinks that Pakistan’s economic turnaround can be achieved with the loans and policies of the World Bank, the IMF plus its current team of managers incharge of Pakistan’s economy, then probably, he was not aware of the fact these agencies and people have only one solution in their minds, which consists of three components:

~ Obtaining more and more loans from every possible avenue

~ Increasing number of taxes and their rates

~ Launching amnesty Schemes

As a common sense, giving fresh loans to repay the old loans, is no favour to Pakistan (which was already badly traumatised in every way by continuously fighting War on Terror since the year 2001) from any lending agency.

These loan giving agencies, if they really wanted to help a war ravaged Pakistan, which was fighting their imposed war on terror (WOT), as a front line state of the world, should have given special moratorium on loan instalment payments, for at least a decade to Pakistan. But, as a typical Economy Destroyer Agencies, IMF etc., further trapped a hapless nation, deeper into their debts, with exorbitantly high interest rates.

To further add to the economic problems of the country, the economy management team of Pakistan, kept on increasing the inflation, by enhancing tax/utilities rates and imposing new taxes with every conceivable scheme in their minds.

These merciless tzars, further devised money whitening schemes to make the rich criminals, who built their fortunes by evading taxes, look innocent in the eyes of the law.

Now, our economic malaise has reached such a stage that business as usual, is going to jeopardise our statehood, not in years, but in months.

The degree of the sovereignty of a country, is directly proportional to the state of the economy of that nation. Actually, in constant growth & development lies our salvation.

Moreover, we Pakistanis must know, that without any doubt, the easiest and surest way of moving ahead, is to stand on our own feet.

Foreign expensive loans may keep us afloat, but will never allow us to swim and reach the shores of the economic stability. To seek fresh loans, to repay the old loans, is a sure recipe of disaster for any economy.

According to a research [published by the Guardian dated 14 January, 2017] ( https://www.theguardian.com/global-development-professionals-network/2017/jan/14/aid-in-reverse-how-poor-countries-develop-rich-countries?CMP=share_btn_fb ) of the US-based Global Financial Integrity (GFI) and the Centre for Applied Research at the Norwegian School of Economics for every $1 of aid that developing countries receive, they lose $24 in net outflows. Now, one can easily imagine that if, aid can rip apart the economy of the developing countries in such a rampant manner, how cruelly the loans must be looting and destroying the economy of the loans recipient nations.

Similarly, the above research also exposed the economic crimes of the multinational companies, wherein, they indulged in novel ways of loot and plunder of the developing nations, quoted as below:

Quote.”Multinational companies also steal money from developing countries through “same-invoice faking”, shifting profits illegally between their own subsidiaries by mutually faking trade invoice prices on both sides. For example, a subsidiary in Nigeria might dodge local taxes by shifting money to a related subsidiary in the British Virgin Islands, where the tax rate is effectively zero and where stolen funds can’t be traced.

The above research also states the solution of the economic exploitation of the developing nations quoted as below:

Quote.”Poor countries don’t need charity. They need justice. And justice is not difficult to deliver. We could write off the excess debts of poor countries, freeing them up to spend their money on development instead of interest payments on old loans; we could close down the secrecy jurisdictions, and slap penalties on bankers and accountants who facilitate illicit outflows; and we could impose a global minimum tax on corporate income to eliminate the incentive for corporations to secretly shift their money around the world.” Unquote.

For the policy makers of Pakistan who are convinced that we can not survive without loans from the World Bank and IMF etc., the following extract from Cato Institute Policy Analysis No. 92: The World Bank vs. the World’s Poor
Link:- https://object.cato.org/sites/cato.org/files/pubs/pdf/pa092.pdf

Must be an eye opener which clearly states that $1 from the World Bank brings in $4 from the rest of the world.

Quote.
“Has the World Bank helped the Third World? Some countries have benefited, but most of the long-term aid recipients have only ended up with heavy debt loads, swollen public sectors, and overvalued exchange rates. Instead of spurring reform, most aid programs have simply allowed governments to perpetuate their mistakes. As one IMF official described the impact of foreign aid on Zambia, “It is fair to say that what we have done is to allow Zambia to maintain a standard of living for its civil servants [whose payroll amounts to 20 percent of the country’s gross domestic product] which is totally out of sync with the rest of the economy.”[128]
After scores of structural and sector adjustment loans, and after thousands of “reform covenants” in bank project loans, most LDCs still have policies that would qualify them for an economic insane asylum. If the bank has been unable to straighten out Third World economic policies after disbursing over one hundred billion dollars in loans and handouts, what chance is there that increased bank lending will correct these problems in the future?

The World Bank’s activities have been especially harmful because of its indiscriminate use of its “seal of approval.” Barber Conable recently bragged, “Look at the foreign aid program: the World Bank is one of the most cost-effective elements, largely because $1 from the World Bank brings in $4 from the rest of the world.”[129] Conable judged the bank’s cost-effectiveness solely by the amount of resources transferred to Third World governments, with no concern for how those resources are used and abused. The bank routinely exhorts Western banks to continue lending to LDCs even after those countries have effectively defaulted on previous loans.

The World Bank has had a destabilizing influence on the international financial system; it has encouraged huge expansions of doubtful loans, failed to encourage reductions in lending when its research departments should have spotted warning signs, and dogmatically viewed all transfers of resources as inherently beneficial. But the ultimate question is, Are more bad loans good for the world economy?

World Bank loans either go directly to the recipient government or must be guaranteed by the government. Thus, World Bank aid inevitably increases the politicization of Third World economies–even while bank economists lecture on the need for politicians to stop throttling the marketplace. The costs of politicizing aid are far greater than the cost of interest payments on private credit.

The bank claims that it needs to provide more aid to Third World economies to help them grow. But the bank itself is based on an outdated theory of development economics, which assumes that all Third World economies need for growth is to be provided with capital handouts and modern technology.[130] Now that economists are beginning to realize that domestic economic policies are more important for growth than international welfare is, the World Bank no longer has a clear rationale for existing.

Critics assert that adjustment requires austerity and that the developed nations must give LDC governments extra aid to help them adjust. But in most cases what is needed is not belt tightening but simply that governments loosen the noose that is strangling their own economies. It is not belt tightening to allow farmers to receive market value for their crops, thus greatly increasing harvests. It is not belt tightening to stop arbitrarily seizing the assets of private businesses. It is not belt tightening to privatize the operations of state-owned companies that are sinking the government’s budget. It is not belt tightening to reduce tax rates that are so high as to choke off income-generating activity. And it is not belt tightening to remove the pervasive restrictions on foreign investment that characterize almost all the Third World’s troubled debtors.

The case is often made that loans to LDCs should be increased because capital can be used better in the Third World. This advice may be well received in freshman economics classes, but it is unconvincing to anyone who has visited Tanzania. As Harvard demographer Nicholas Eberstadt observed, “The rights to private property, personal liberty, due processes and even to life itself are routinely ignored or violated by the overwhelming majority of sub-Saharan states.”[131] If a government is not trustworthy, how can it expect to be judged creditworthy?

For much of Latin America, the debt crisis would be largely “solved” if the citizens decided that the government could be trusted and called home tens of billions of dollars in “flight capital” that they had placed overseas to avoid expropriation. If a country’s own citizens don’t trust their government, why should the World Bank squander Western tax dollars subsidizing it?

Third World economic development would be aided more by foreign investment than by World Bank welfare. Yet as World Bank aid has increased, more and more countries have created barriers to foreign investment, thereby retarding their own development.

Five World Bank borrowers–Peru, Nicaragua, Syria, Guyana, and Liberia–have effectively defaulted on their bank loans.[132] Yet the bank wants to expand its lending in order to keep a net positive flow of assets to its debtors– to continue giving them $5 so they can repay $3. This may be in the bank’s interest but it benefits no one else.

The bank was created because commercial banks were leery of lending to sovereign governments. In the past 20 years, private lending to sovereign governments has exploded. If the private credit market for sovereign borrowers has any fault, it is that it is too generous to doubtful governments. In almost every case, World Bank loans now go either to countries that squander the money or to countries that could obtain private loans.

What the bank can do that private lenders cannot or will not do is provide money on easy terms to uncreditworthy borrowers. But every bank handout increases a recipient government’s ability to act irresponsibly and sabotage its own economy and reduces its need to rely on private credit markets. As the bank’s report on exchange rates has shown, bank aid boosts a country’s real exchange rate, thus making it less likely that the country will become self-sufficient.

Who benefits now from the World Bank, aside from inept Third World rulers and the bank’s own employees?

A few years ago the bank was considering establishing a commercial affiliate that would borrow in world capital markets and lend to LDCs at a profit. This is a good idea for the bank as a whole. If the bank never gets another dollar from the U.S., West German, or Japanese treasuries, it will still be able to lend over $13 billion a year because of its huge reserves and repayments of previous loans.

The bank should be required to support itself by selling bonds and existing on its own creditworthiness. Once Western governments stopped handing out money to the bank, its obsession with its loan levels would cease, and it could begin to make sound economic judgments. It would no longer have an incentive to back unproductive projects and incorrigible kleptocracies.

Giving countries money that will be badly used is worse than not giving them any money at all. Empowering corrupt and inept politicians to rule over their people has nothing to do with real development.

Perpetual structural adjustment loans for politicians who perpetually maul their economies and impoverish their subjects are an exercise in futility. If real policy reforms are made, people will have genuine incentives to invest or to lend these governments money. And if no real reforms are made, giving them money will only continue to squander capital and postpone the day of reckoning.

The less money the bank has, the more likely it is that its net effect on development will be positive. As long as the bank suffers from its current “have money, must lend” syndrome, it will continue pouring billions into floundering socialist regimes, inefficient government corporations, and harebrained mass migration schemes. A poorer bank would be a wiser bank and a better friend to the Third World.” Unquote.

Since the World Bank and IMF knew very well that their fresh loans to repay old loans will further sink Pakistan economically, but still they wanted to expand their lending in order to keep a net positive flow of assets — they continued giving us $10 so we can repay them $6. This may be in the bank’s interest, but it was deadly poison for Pakistan .

Since, these loans were given to us with deliberate ill intentions, Pakistan must stop repayment of these loans, on the very strong plea of being ODIOUS loans.

Now, the time has come to separate the growth, development, education, eradication of poverty & security of Pakistan, from the politics, forever.

It has been a standard political tactics in the past, to put the blame on previous rulers, by all and sundry, to divert the attention of the masses, from own failures and governance incompetencies.

However, now we must put a full stop to this non-sense, which has wasted the entire past lifetime of Pakistan.

Since, its a matter of impending economic collapse of the country, for which all of us are responsible in one way or the other; we should decide to look forward and forgive and forget each others sins of the past; and take each and every segment and political force of the society in confidence, for a very transparent scheme of our future development.

In this connection, Mr. Steve Maraboli has very appropriately said that “Make a pact with yourself today to not be defined by your past. Sometimes the greatest thing to come out of all your hard work isn’t what you get for it, but what you become for it. Shake things up today! Be You… Be Free… Share.”

Nothing can match the benefits of the collective wisdom. Let us build a new economically strong and politically stable Pakistan, by our collective decisions; knowing very well that no political party, group or institution is so strong, to run this country, single handedly, for a sustainable period, without the help and cooperation of each other.

We must also realise that our personal safety and better future lies in accommodating and cooperating with each other, with the sole aim of building a STRONG Pakistan, under the slogan “Re-born Pakistan”.

In this regard, it is suggested that, we should AIM to bring Pakistan by the year 2035, to the level at which Singapore was in the year 2010 (where country was developed first and politics allowed subsequently, not like Pakistan, where we have put the cart before the horse; and indulging in politics first and development of the country and society is the last priority).

All politics & other considerations should be made subservient to this TARGET for 2035, even if we have to abolish weekly holidays for the next 20 years & reduce our daily sleeping time to 6 hours.

All the stake holders, particularly, from the deprived sections of the society in Pakistan, must immediately come forward, for deciding about the direction of the future of the nation.

Biggest factor in any victory is self-confidence. Anti-thesis of terrorism is education, coupled with economic emancipation.

As such, the nation must embark upon the following agenda, to resurrect our economy without any further loss of time.

1. Request to all foreign donors for a 10 years moratorium, on all debt repayments by Pakistan, which is a frontline state of the world’s war on terror (WOT). Here, don’t forget that the world powers have totally written off loans of many countries, for much less cooperation than Pakistan, which is practically fighting their war, for more than a decade and a half.

2. 20% per annum reduction in all non-developmental government expenditures, plus total freeze in all perks paid from the national exchequer, involving foreign currency.

3. All government servants starting from the President, PM, Judges, military and civil personnel using official cars must use their vehicles for 10 years, before replacing it with new model.

4. Maximum tax rate on each and every type of income in Pakistan should be fixed at 10%. This will not only bring huge revenues to the government, but will also discourage the tax evasion tendencies.
The size of our undocumented economy is almost equal to the yearly budget of Pakistan.
The best way to minimise black money is not the launching of amnesty schemes, because the black money keeps flourishing after taking advantage of such facilities. If we really want to deal with the menace of undocumented economy on a permanent basis, the best way is to either eliminate taxes or reduce the rates of taxes to a minimum level i.e., not more than 10%. This low level of tax rate will not only spur an economic boom, but will also automatically encourage people towards paying the taxes; rather than giving bribes to the government officials, to save them from bigger payments of taxes.

5. Impart training of various modern skills to the country’s huge unskilled manpower for increasing the industrial and agricultural productivity, competitiveness, value addition & exports.

6. Special support and incentives for developing world class facilities for enhancing income from tourism sector, which should encompass religious, medical, educational, hunting, entertainment and traditional tourism, specially keeping in view how rapidly Dubai has become a world tourist destination by juxtaposing technology with innovative ideas.

7. Set a target for 20% per annum increase in foreign remittances, by offering innovative incentives to expatriate Pakistanis, which should even attract foreigners to park their money in Pakistan.

8. Outsource FBR functions (which will alone increase income by Rs.1000 billion) & IMPOSE FLAT 10% tax on ALL & EVERY TYPE OF INCOME (as already mentioned at 4. above), without any exemption (except for the security forces personnel, whose salaries may be doubled with expected receipt of un-precedented increase in revenues). This will not only reduce income tax burden on salaried class (with max. tax rate of 10%. Here don’t forget consultants are already paying 10% tax), but will also result in so much increase in revenues, to the extent that government will not require any tax fresh imposition, in the budget. Plus, the government will be able to give tax free salaries to all the armed forces, rangers, police and other security agencies personnel, who are shedding their blood, in fighting the menace of terrorism, for our and our children’s safe TOMORROW.

9. Pakistan’s Foreign policy is excellent in theory, perhaps the best in the world. However, this policy should be implemented in its true letter and spirit, with core emphasis on PEACE particularly with its neighbours; and Foreign Policy thrust and motto of all our diplomats should be that any and every action in their embassy, must result in the economic benefit of the country. Foreign missions exceeding their allocated targets of investments and remittances should be lavishly rewarded with monetary benefits.

10. Initiate steps (by imposing economic emergency specifically for austerity at every level) to bring each and every economic activity under document.

11. To attract huge world wide foreign exchange deposits from expatriate Pakistanis and foreigners, allow profit rate of 3% PA to be paid on half yearly basis, on Dollar and other specified foreign currency bank accounts in Pakistan. We should not forget that recently Pakistan borrowed at 3% from the IMF and sold Eurobonds at 8.25%.
Moreover, all ELIGIBLE NON-FILERS must not be penalised with any amount of taxation as they are LEGALLY not allowed to file returns as per law.

In this regard, very surprisingly our finance ministry has declared virtually the entire population of the nation as criminals in the eyes of taxation law, because, only just 1.12 million people in Pakistan are tax return filers and over 200 million or 20 crore residents are non filers and subjected to different, unjust and higher rates of taxation at almost every step of daily life, needs immediate reconsideration by the concerned in the government, wherein; crores of ladies, widows and men (above 20 crores to be precise) are wrongly and unlawfully declared as Non-Filers and subjected to unjust taxation.

Firstly, law of the land, allows all those retired persons who after retirement, have submitted three consecutive NIL tax statements, NOT to file any more tax statements. Then how come these persons are considered non-filers.

Secondly, all such type of persons, who are NOT required to lawfully submit Tax returns (like above 60% of the population which hardly earns $2 per day); are considered as illegal NON FILERS; and subjected to cruel and higher taxation rates, applicable to the non filers.

Just imagine, if a writ petition is filed in the public interest, how finance ministry will defend this tax coercion, from almost the 100% population of the country, because only about 11 lac people file tax returns.

Obviously, 100% of the country’s subjects can’t be termed as committing the crime of non-filing of tax returns. Hence, this is a discriminatory and bad law, which needs drastic and immediate review.

Our government can impose tax on its 100% population, but not in an unlawful and discriminatory manner, favouring handful of just 11 lac persons out of above 20 crore people of Pakistan.

Concluding, this is the best time for the government of PTI, headed by Mr. Imran Khan to have a straight talk with the USA government and the other international lending agencies that in view of Pakistan’s following relentless services for the world’s peace:

~ Steadfastly stood with the free world since 25 December 1979 USSR’s invasion of Afghanistan

~ Remained frontline state of WOT started by the 49 NATO countries on 7 October 2001

~ Helped conclude a peace agreement between the US government and the Afghan Talibans for an honourable exit of US forces from Afghanistan after the longest and most expensive war of the US’S history

~ Finally, after the Coronavirus attack, Pakistan is now in a dire and desperate need of huge funds (NOT FURTHER LOANS) diversion towards health sector for which it deserves and qualifies for an immediate write off, of all its due payments, to the world’s lending agencies, as the # 1 nation, which served the cause (with terrible human and economic losses not suffered by even the combined forces of 49 NATO countries) of liberty, freedom and terror free planet, for almost four decades, notwithstanding, the fact that it has already paid to its lenders, almost five times over the principle amount.

in this regard, all political parties and Majlis e Shura members must UNITE and chalk out a common strategy, for this supreme national cause of getting rid of our outstanding (so called) international debt, else, the economic meltdown, is staring Pakistan, right into its eyes.

Syed Nayyar Uddin Ahmad

Posted in Action Plan to Revive Pak Economy, Case for Pakistan's Loan write off, International Affairs, My Views, Pak Loan Write-off, Pakistan | No Comments »

#Pakistan should stop repayment of #Odious #IMF Loans ..!

April 22nd, 2017 |

Author: Syed Nayyar Uddin

If anyone thinks that Pakistan’s economic turnaround can be achieved with the loans and policies of the World Bank, the IMF plus its current Economy Czars, then probably, he was not aware of the fact these agencies and people have only one solution in their minds which consists of three components of Loan + Tax + Amnesty Schemes.

Now giving loans to repay the loan is no favour to any country, which is badly traumatised in every way by continuously fighting War on Terror (WOT), since the year 2001. These loan giving agencies, if they really wanted to help a war ravaged country, which was fighting the WOT as a front line state of the world, should have given special moratorium for a decade, for Pakistan, in payment of their loan instalments. But, as typical Economic Hit Agencies, further trapped a hapless nation, deeper into their debts.

To further add to the economic problems of the country the economic Czars of Pakistan kept on increasing the inflation by enhancing tax rates and imposing new taxes with every conceivable scheme in their minds These merciless Czars further devised money whitening schemes to make the rich criminals who built their fortunes by evading taxes, look innocent in the eyes of the law.

Now our economic malaise has reached such a stage that business as usual, is going to jeopardise our statehood, not in years, but in months.

The degree of the sovereignty of a country, is directly proportional to the state of the economy of that nation. Actually, in constant growth & development lies our salvation. Moreover, we Pakistanis must know, that without any doubt, the easiest and surest way of moving ahead, is to stand on our own feet. Foreign expensive loans may keep us afloat, but will never allow us to swim and reach the shores of economic stability. To fresh seek loans to repay the old loans is a sure sign of disaster for any economy. Since the World and IMF knew that their fresh loans to repay old loans will further sink Pakistan economically and these loans were given with deliberate ill intentions, Pakistan must stop repayment of these loans on the very strong plea of being ODIOUS loans.

Now, the time has come to separate the growth, development, education, eradication of poverty & security of Pakistan, from the politics, forever.

It has been a good political tactics in the past by all and sundry, particularly by those at the helm of the affairs, to divert the attention of the masses, from the real issues, by mud slinging on politicians, civil and military servants, judges etc. etc. However, now we must put a full stop to this non-sense, which has wasted the entire life of Pakistan.

Since, its a matter of impending economic collapse of the country, for which all of us are responsible and one way or the other, almost no one is exempt from the charge of hurting the cause of the country; we should decide to look forward and forgive and forget each others sins of the past, and take each and every segment and political force of the society in confidence, for a very transparent scheme of our future development. In this connection, Mr. Steve Maraboli has very appropriately said that “Make a pact with yourself today to not be defined by your past. Sometimes the greatest thing to come out of all your hard work isn’t what you get for it, but what you become for it. Shake things up today! Be You… Be Free… Share.”

Nothing can match the benefits of the collective wisdom. Let us build a new economically strong and politically stable Pakistan, by our collective wise decisions; knowing very well that no political party, group or institution is so strong, to run this country single handedly, for a sustainable period, without the help and cooperation of each other. We must also realise that our personal safety and better future lies in accommodating and cooperating with each other, with the sole aim of building a STRONG Pakistan, under the slogan “Re-born Pakistan”.

In this regard, it is suggested that, we should AIM to bring Pakistan by the year 2035, to the level at which Singapore was in the year 2010 (where country was developed first and politics allowed subsequently).

All politics & other considerations should be made subservient to this TARGET for 2035, even if we have to abolish weekly holidays for the next 20 years & reduce our daily sleeping time to 6 hours.

All the stake holders, particularly, from the deprived sections of the society in Pakistan, must immediately come forward, for deciding about the direction of the future of the nation.

Biggest factor in any victory is self-confidence. Anti-thesis of terrorism is education, coupled with economic emancipation.

As such, the nation must embark upon the following agenda, to resurrect our economy without any further loss of time.

1. Request to all foreign donors for a 5 years moratorium, on all debt repayments by Pakistan, which is a frontline state of the world’s war on terror (WOT). Here don’t forget that the world powers have totally written off loans of many countries, for much less cooperation than Pakistan, which is practically fighting their war for more than a decade.

2. 20% per annum reduction in all non-developmental government expenditures, plus total freeze in all perks paid from the national exchequer, involving foreign currency.

3. All government servants starting from the President, PM, Judges, military and civil personnel using official cars must use their vehicles for 10 years, before replacing it with new model.

4. Maximum tax rate on each and every type of income in Pakistan should be fixed at 10%. This will not only bring huge revenues to the government, but will also discourage the tax evasion tendencies.

The size of our undocumented economy is almost equal to the yearly budget of Pakistan.

The best way to minimise black money is not the launching of amnesty schemes, because the black money keeps flourishing after taking advantage of such facilities. If we really want to deal with the menace of undocumented economy on a permanent, the best way is to either eliminate taxes or reduce the rates of taxes to a minimum level i.e., not more than 10%. This low level of tax rate will also automatically encourage people towards paying taxes, rather than paying to the government officials as a bribe, to save them from bigger payments of taxes.

5. Increase in industrial and non-industrial productivity, competitiveness, value addition & exports with the introduction of latest technologies for industry, commerce, agriculture, service and trade sectors.

6. Special support and incentives for developing world facilities for enhancing income from tourism sector, which should encompass religious, medical, educational, hunting and traditional tourism, specially keeping in view how rapidly Dubai has become a world tourist destination by juxtaposing technology with innovative ideas.

7. Set a target for 20% per annum increase in foreign remittances, by offering innovative incentives to expatriate Pakistanis which should even attract foreigners to park their money in Pakistan.

8. Abolish FBR (which will alone increase income by Rs.500 billion) & IMPOSE FLAT 10% tax (already being applied on dividend payments etc) on ALL & EVERY TYPE OF INCOME (as already mentioned at 3. above), without any exemption (except for the security forces personnel, whose salaries may be doubled with expected receipt of un-precedented increase in revenue, due to this formula). This will not only reduce income tax burden on salaried class (with max. tax rate of 10%. Here don’t forget consultants are already paying 10% tax) but will also result in so much increase in revenues, to the extent that government will not require any tax imposition, in the budget. Plus, the government will be able to give tax free salaries to all the armed forces, rangers, police and other security agencies personnel, who are shedding their blood, in fighting the menace of terrorism, for our and our children’s safe TOMORROW.

9. Pakistan’s Foreign policy is excellent in theory, perhaps the best in the world. However, this policy should be implemented in its true letter and spirit with core emphasis on PEACE particularly with its neighbours; and Foreign Policy thrust and motto of all our diplomats should be that any and every action in their embassy, must result in the economic benefit of the country.

10. Initiate steps (by imposing economic emergency specifically for austerity at every level) to bring each and every economic activity under document and start paying 10% tax.

11. To attract huge world wide foreign exchange deposits from expatriate Pakistanis and foreigners, allow profit rate of 3% PA, on Dollar and other specified foreign currency bank accounts in Pakistan. We should not forget that recently Pakistan borrowed at 3% from the IMF and sold Eurobonds at 8.25%.

I am more than confident that by the dint of sheer hard work, sincerity & honesty, which is imbibed in the bones of the Pakistani work force, we can surely bring Pakistan, into the comity of 20 developed nations of the world, in the next 15-20 years.

The leaders of Pakistan holding the destiny of this great nation, with highest manpower potential and material resources in the world, must remember the following two adages.

a. NOT FAILURE BUT SETTING LOW AIM IS A CRIME.

b. IN ORDER TO ACHIEVE THE IMPOSSIBLE IT IS PRECISELY THE UNTHINKABLE WHICH MUST BE THOUGHT.

PAKISTAN PAINDABAD

Posted in Action Plan to Revive Pak Economy, Case for Pakistan's Loan write off, Corruption, Counter Terrorism, International Affairs, My Views, Pak Loan Write-off, Pakistan, World Bank Affairs | No Comments »

How to transform – The most heroin-addicted country?

December 14th, 2016 |

Author: Syed Nayyar Uddin

Respected Prime Minister of Pakistan,

Respected all leaders of the political parties in Pakistan,

Respected all Pakistanis,

AoA.

Sir,

The following email message from the VP USA, reveals how much importance the US government is attaching to combat the heroin and prescription opioid epidemic ripping apart families and communities in America.

Email of VP USA Joe Biden, reproduced below, as an eye opener:

From: “Vice President Joe Biden”
Date: 13 December 2016 at 9:37:24 PM GMT+5
To: <nayyar51@hotmail.com>
Subject: God willing, this bill will save lives:
The White House, Washington
Last Monday night, forty-four years after the people of Delaware first sent me to the United States Senate, I presided over a Senate vote for one of the last times.

As Vice President of the United States and president of the Senate, I served as the presiding officer as the Senate moved forward on the 21st Century Cures Act, a bill that will harness America’s best minds in science, medicine, and technology to tackle the biggest health challenges of our time.

This bill will help us combat the heroin and prescription opioid epidemic ripping apart families and communities. It invests in programs to improve mental health treatment and suicide prevention. It will provide resources for President Obama’s BRAIN and Precision Medicine initiatives, so that our world-class researchers can figure out how to better prevent, treat, and eventually cure Alzheimer’s, epilepsy, and traumatic brain injuries.

And this is the part that’s personal for me and for millions of Americans: The 21st Century Cures Act invests $1.8 billion to help us end cancer as we know it. For over a year, I’ve been leading our National Cancer Moonshot to fundamentally change the culture of our fight against cancer and inject a sense of urgency into it. This bill goes a long way to help us — investing in promising new therapies, enhancing prevention and detection efforts in every community regardless of zip code, and bringing us closer to the day when there are vaccines for all kinds of cancer, just as we have them for measles or mumps.

God willing, this bill will save lives.

While I was presiding in the Senate, my colleagues from both sides of the aisle renamed the section of this bill on cancer research for my son, Beau, who lost his battle with brain cancer, but like countless Americans who lost their own battles, inspires us to do everything we can for the loved ones we can save. My thanks goes out to the bipartisan leadership — Democrats and Republicans in the House and the Senate — who ensured that this important bill became law. Without this true bipartisan support, this piece of legislation, which will help millions of Americans, would not have been possible.

Today, President Obama will sign the 21st Century Cures Act into law. One last time in our Administration, I will stand right by him at a signing ceremony — proud of our country, and proud of the work we’ve done to give people hope.

I hope you’ll join me.

Thanks,

Joe
We wish our federal and provincial governments in Pakistan were also aware about the drug related damage, being caused by this menace which is more damaging than terrorism, to our future generations.

In this regard, the recent deaths of a student of LUMS in Lahore and a lady in the Chamba House Lahore, reportedly due to the drugs overuse, is just the tip of the iceberg.

If anyone wants to know the stark reality of the gravity of drug menace in Pakistan, the following two paragraphs of an article’s link given below, will suffice as an eye opener:

Quote:
“Pakistan, a country already tormented by regional insurgencies, is fighting a losing battle against a different kind of foe: drug addiction. In the country’s northwestern province of Khyber Pakhtunkhwa (KPK), an estimated 11 percent of residents use illicit substances – primarily heroin. Peshwar, the provincial capital of KPK, is a city rife with homeless addicts and dirty needles.”

“Pakistan’s illegal drug trade is believed to generate $2 billion a year [making] Pakistan the most heroin-addicted country, per capita, in the world.” Unquote.

Link:- http://thediplomat.com/2014/03/pakistan-the-most-heroin-addicted-country-in-the-world/

In this connection, it is earnestly and urgently requested that the Prime Minister of Pakistan and all opposition parties, particularly having representation in the parliament (because they are ruling in all the four provinces of the country), to accord top priority to protect our future generations, from the most deadly menace of increasing drugs use trend, in our kids and youth on streets and educational institutions, by joining hands in planning and execution of legislation and action plans, on war like emergency basis.

In this regard, we should not only concentrate to fight the drug menace from just one angle, but our plan should be multi pronged, encompassing every conceivable activity in society, to provide healthy atmosphere to our youth.

First of all we must include the dangers of drugs use in the curriculum of the junior classes to educate and brain wash our youth in their early ages.

Sports is another activity in which, fortunately, our youth loves to indulge in.

Revival of sports in country will also provide jobs to many jobless youth in our country.

In this regard, a presentation on how to revive sports in Pakistan was given to the PMO on 6 September, 2016 wherein, it was also suggested to build few modern sports cities (as a part of CPEC program) to channelise the energy of our youth from drugs, crime and terrorism towards healthy sports activities, along with automatic provision of jobs, from the newly created sports industry.

Somehow, it seems that like all previous governments, this PMLN government does not even consider sports, as one of its last priorities.

If anyone wants to know the importance of sports in transforming a society, kindly peruse the following statement of late Nelson Mandela, slightly modified to be applicable on current Pakistani state of affairs of the society.

Quote:
“Sports has the power to change Pakistan…it has the power to inspire. It has the power to unite Pakistani people in a way that little else does. It speaks to the Pakistani youth in a language they understand. Sports can create hope for the entire Pakistani nation, where once there was only despair, lawlessness, hunger, unemployment, poverty, drugs, suicide bombings and alarming increase of suicides due to the economic hardships. It is more powerful than government in breaking down the menace of drugs and terrorism which has blown the country to the smithereens.”
Unquote.

Best Regards,

Syed Nayyar Uddin Ahmad

An advice/plan previously given on 26 June 2016 to PMLN’s government titled “How to improve economy with sports?” which fell on deaf ears of those who were never bothered about the welfare of the teeming millions of Pakistan.

How to improve national economy and reduce expenses on health budget with investment in sports..!

Respected Mian Muhammad Nawaz Sharif Sahab,

اسلام و علیکم

Sir,

The subject mentioned article is submitted for your personal kind perusal and is based on an old maxim quoted as below:

“The battle of Waterloo was won on the playing fields of Eton”.
(i) The British were given to believe the real reason which tipped the balance in their favour in wars was the superior character of its young men built in boarding schools while playing games like cricket.

(ii) Eton was one of the famous English boarding schools that trained English boys for careers in the military, civil service and the church. (DAANISH Schools of the Punjab Government are a great example of a visionary project to turn around the fortunes of the future generations of Pakistan).

(iii) Famous public schools saw team sports like cricket not just as outdoor play, but as an organised way of teaching English boys, the discipline, the importance of hierarchy, the skills, the codes of honour and the leadership qualities that helped them build and run the British Empire.

(iv) Through the game of cricket-the ideal that cricket was played not for victory or profit but for its own sake, in the spirit of fair play, the British imperialists sought to justify their conquests and glorify the self image of English elite as “unselfish acts”.

(v) Though it suited the English ruling class to believe that it was the superior character of its young men built on playing fields that tipped the balance, the Napoleanic wars were won due to the economic resources of England. It was progress in trade and industry which made England, the world’s greatest power.

As such, a humble effort is made with the subject mentioned article reproduced below, to raise this nation’s full economic potential in trade and industry, through a physically super-fit Pakistani population, which must collectively believe in the saying “healthy body healthy mind’.

Last but not the least, we have to consider the 200 million population of Pakistan, as a huge manpower asset of this planet, which needs to channelise its positive energy into specific future goals, set by the nation’s visionary leadership. The national leadership must also determine, how to achieve these goals.

ARTICLE.

It is no secret that how politics coupled with corruption, has spoiled the sports in the country, which has earned the DUBIOUS distinction of the worlds BIGGEST nation, NOT to have earned a single medal in the Olympics, since the year 1994. While, much smaller and poorer countries like Ethiopia, Afghanistan and Kenya, have proved that winning medals at international level is just a matter of commitment, dedication and simple hard work, sans politics.

In the past, luckily our cricket, hockey, squash and some other sporting teams and players have been bringing laurels for Pakistan; with very little money, extremely small size governing boards and minimal politics.

Gradually, the foundations of key sports in Pakistan were eaten up by the greed of money, rampant corruption, nepotism, politics and incompetencies of the successive governments, sports managers and the players combined.

If, we have to put the sports in Pakistan back on the right track, two basic things are necessary.

Firstly, a vision and secondly, visionary and totally focused sports leadership, to put Pakistan back on top, at the worlds’ sports map.

As far as, the vision is concerned, nothing ever said about sports can match the following quote of Mr. Nelson Mandela, “Sport has the power to change the world…it has the power to inspire. It has the power to unite people in a way that little else does. It speaks to youth in a language they understand. Sport can create hope where once there was only despair. It is more powerful than government in breaking down racial barriers.”

Now, taking a cue from the above mentioned statement of Mr. Nelson Mandela, it is suggested that Pakistani government should slightly re-phrase it and declare the following as its VISION statement:

“Sports has the power to change Pakistan…it has the power to inspire. It has the power to unite Pakistani people in a way that little else does. It speaks to the Pakistani youth in a language they understand. Sports can create hope for the entire Pakistani nation, where once there was only despair, lawlessness, hunger, unemployment, poverty, drugs, suicide bombings and alarming increase of suicides due to the economic hardships. It is more powerful than government in breaking down the menace of terrorism which has blown the country to the smithereens.”

Moreover, sports raised in the country on modern and scientific lines can be one of the biggest economic sector; providing employment, reducing poverty and drastically improving public health and fitness levels.

Under an sports advisor to the Prime Minister, we need to have a Pakistan Sports Commission (PSC) responsible for central planning under the banner میرا پاکستان sports system.

Under the this system, Pakistan will root out talented young children and put them in special academies from as young as four years old. If they are able to progress, athletes who make the cut should be put into a relentless training programme, filled with targets they must regularly hit, and paid by the government a monthly wage of Rs.60,000/-

Each year, the best athletes should then be sent to national training centres to be established at all the provincial capitals, where they will compete to enter Pakistan’s national team.

If they will succeed, they will move with their families into these training centres and live there all year round. These centres will train the sportspersons having the following mission statement:

“There will be no breakthrough without the hardest hardship. You cannot be a champion without going through the ultimate pressure”.

For as long as they will be successful, the national team members will benefit from perks including air tickets for their parents to watch them compete and, in some cases, sponsorship deals.

Sportspersons who will win medals in international competitions, or with national titles, can attend university after their career ends, with the tuition fee paid for, by the government.

The Pakistan Sports Commission (PSC) should have three units under the Advisor on Sports to the PM, namely the administrative departments, sport competition management centres, and other support and services institutions.

The PSC will be closely tied with All Sports Federations of Pakistan and the Pakistan Olympic Committee (POA). Besides forming strategies for sport development, overseeing their implementation, and developing mid- and long-range sport development plans, the PSC will be responsible for 9 number of functions as detailed below:

1. Creating a national sport framework

2. Promoting physical activity and exercise participation in schools and local and regional communities

3. Organising national sporting events

4. Organising international sport events in Pakistan.

5. Enforcing antidrug and anticompetitive measures.

6. Supporting research into the development of sports.

7. Implementing regulations governing the sport industry, sport market, and sport-related business activities.

8. Implementing national physical training standards and supervising public health in coordination with the Ministry of Health.

9. Overseeing sport activities with foreign associations and teams, and sport-related cooperation and communication with foreign countries.

To fulfill the nation’s Olympic strategies and ambition, the PSC and sport authorities at the provincial level will play a key role in promoting sport development in Pakistan.

One of the strategies should be the sponsorship of the Pakistan National Games (PNG), modelled after the modern Olympic Games; the PNG will be the largest and most important sport extravaganza in Pakistan. Each province-level administrative unit should send a team to compete in the PNG. The preparation for and competition at the PNG will allow the government to cultivate elite Pakistani athletes for major world competitions.

The essence of Pakistani Olympic strategies and ambition will be a unique system of selecting and training elite athletes.

Pakistan will become one of the few countries in the world that dedicate and use spare-time sport schools extensively to train and prepare future elite athletes. A spare-time sport school will be a boarding school specialized in sport and established to train Olympic hopefuls. Students will be selected for their athletic talent. They will take academic classes in the morning and engage in rigorous sport training sessions in the afternoon. These sport schools will serve as a reserve pool for elite sport teams at the provincial and national levels.

The Sports Law of Pakistan should became effective within six months of the formation of the PSC, becoming the first fundamental legal document for sport.

The Sports Law will establish the main tasks and key principles in managing the sport industry, confirming the importance of mass sport, and identifying the duties and responsibilities of sport-related organizations.

Essentially, the law will set the framework for the development of modern sport in Pakistan. The enactment of the law will signify that the sport industry in Pakistan has entered a new era under the protection of the country’s legal system.

Based on the Sports Law, local governments at provincial and city levels will have the right and authority to make their own rules for managing sport within their jurisdictions.

The Plan for Olympic Glories should also be released by the PSC within six months of its formation. The plan should outline three goals:

(a) restructuring the system in elite sport training and management.

(b) enhancing the elite athlete delivery pipeline and system (including sport schools).

(c) endeavours to maintain the nation’s leading position in world sport competitions.

The PSC should also promulgate the guidelines for a national fitness program. The guidelines should be drafted with the aim of improving the health and the overall physical condition of the general population.

The guidelines will encourage everyone, especially children and adolescence, to engage in at least one sporting activity every day, learn at least two ways of keeping fit, and have a health examination every year.

The aim will be that by 2020 about 40 percent of Pakistan’s population would be regularly participating in physical activity and that clear improvement would take place in the physical fitness level of Pakistani citizens.

In this modern era sports needs professionalisation which will lead to commercialisation; this means that sports associations become profit-making entities and that there will be a club system and professional sports leagues will also be formed. Sports clubs operations will cover ticket sales, advertising, club transfers, commercial matches, and television broadcasting.

This will open for world wide sports playing and related job opportunities for Pakistani sportspersons.

Best Regards,

Syed Nayyar Uddin Ahmad

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Improving economy with sports..!

June 26th, 2016 |