Loud Thinking

Posts Tagged ‘trade’

In order to neutralize Indian double game, Pakistan must emphasize that ICP (integrated check post) working at Wagah border can’t be allowed (for which India & USA are dying to start its working to allow flow of 2000 trucks per day movement from present rate of 200 trucks per day movement) till such time India restores full fledged cricketing ties with Pakistan (as per the commitment of MMS) and must first send Indian cricket team to Pakistan, for a full fledged tour of 3 Tests, 5 ODI’s & 3 T20 matches series.

We must understand that why even after the commitment of MM Singh with our PM last year in Mohali, for the restoration of cricketing ties between the two countries, what are the Indian motives to back out on their commitment? If they can back out, we can also do the same and this must be very clearly told by our PM to Barack Obama (who has a big stake in restoration of India -Afghanistan trade link through Pakistan, in facilitating India as per the US end game plan of Afghan war), when he meets him in the next few days.

First, they sent terrorists to attack Srilankan team players and then blame us on security issues. Enough is enough. If security for players is an issue, then let it be an issue also for the Indian goods and transports going to and fro to Afghanistan.

Now it’s high time this joke with Pakistan, is stopped forthwith.

The degree of the sovereignty of a nation is  directly proportional to the state of economy of that nation. Actually, in constant growth & development lies our salvation. Secondly, we Pakistanis must know  without any doubt, that the easiest and surest way of moving ahead, is to stand on our own feet. Foreign aid, can keep us afloat, but won’t allow us to swim.

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. 

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. Increase in productivity & exports with liberal tax relief to industry, commerce & trade.

4. Set a target for 20% per annum  increase in foreign remittances, by offering innovative incentives to expatriate Pakistanis.

5. Abolish FBR (which will alone increase income by Rs.500 billion) & impose flat 10% tax on all & every type of income, withour any exemption (except for the security forces personnel, whose salaries should be doubled with 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%) but will also result in so much increase of revenues that government will not require any tax imposition  in the budget. Plus, the government will be able to give tax free salaries to all armed forces, rangers, police and other security agencies personnel, who are shedding their blood, in fighting the menace of terrorism, for our safe tomorrow.

6. Initiate steps (by imposing economic emergency) to bring each and every economic activity under document.