A critical look at the Pak economy

Society Pakistan & World Affairs
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Re: A critical look at the Pak economy

^^^

Naaaaaah,,,,

My concern is not valid....they will find other avenues...

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Re: A critical look at the Pak economy

I think the long term solution lies with the people themselves.

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Re: A critical look at the Pak economy

:k:

…and if the process continues, and judiciary becomes effective…surely the criminals will be behind the bars…and not just MQM…///

' News of the world ' tabloid closes
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Re: A critical look at the Pak economy

Extra grant? ... Actually Karachi tax payers are paying around 70 percent of revenue that Federal government collects. Now give a figure what Karachi gets back out of that what Karachi pays to Federal government? You can say that Karachi is subsidising whole of Pakistan, but you cannot say anything other way round.

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Re: A critical look at the Pak economy

You are in the habit of making sweeping false statements...We had a discussion a few months ago on this topic...and I provided all the data how wrong this perception was...can you back your statement with a source....and I don't want an MQM guys newspaper statement....How can Karachi contribute 70% federal revenue with only 18% GDP share...

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Re: A critical look at the Pak economy

You are just trying to twist things, don’t you think so?

You are comparing KESC line losses with LESCO. I do not know if you read all what I wrote? … Major reason for KESC line losses is unauthorized residence and industries. The reason is that Karachi is expanding not at natural rate but much more than natural rate and thus there are large tracks of unauthorized residential areas using illegal means to get electricity, plus higher cost of electricity to residence of Karachi also increases this theft of electricity.

On the other hand, forget LESCO .. talk about line losses and electricity theft of WAPDA and you will find that as bad as line losses of KESC.

Another thing is that electricity theft in Karachi is happening since much before MQM in similar way and it is not MQM phenomena.

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Re: A critical look at the Pak economy

Frist of all, we never discussed that in past (you are mistaken). Anyhow ... reason is that .. there is no tax on agriculture. Plus in Karachi there are more employees than self-employed and their taxes goes from source. Third is that Karachi GDP is not 18 percent of Pakistan GDP but much more.

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Re: A critical look at the Pak economy

Yazdi … I am sure that CBR (Chairman board of Revenue) cannot be MQM man … can he? :slight_smile:

And I am sure that ‘Associated Press of Pakistan’ is not MQM press .. or would not be telling lies and referring something to Chairman CBR .. would they?

Now read (this news report is not very old … it is of March 2007):

Tax revenue target for next fiscal year would be one trillion: CBR chairman

KARACHI, Mar 9 (APP)- The tax revenue target for next fiscal year was being set at rupees one trillion, Chairman, Central Board of Revenue (CBR) Abdullah Yousuf said here Friday during a visit to Korangi Association of Trade and Industry (KATI).

He said that Karachi which contributes seventy per cent of national revenue was paying two per cent Sales Tax which is a cause of concern. Ironically the share of Karachi considered to be industrial hub of the country towards total Sales Tax collection of rupees 350 billion was about only rupees 7 billion.

Karachi was expected to have atleast 50 per cent share in total ST receipts, he said adding that ST is not a burden on business or industry as it was paid by the consumers or end users.

Citing figures, Chairman CBR said that out of 11,94000 Sales Tax payers only 32000 have submitted their Sales Tax Returns.

He said that ST collection system needed a revamping to meet the targets.

He also hoped that after completion of National Trade corridor, government would get an income of rupees 350 billion per year.

Earlier, Chairman KATI welcomed the guest. The Chief Patron KATI, S.M.Muneer also addressed the gathering.

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Re: A critical look at the Pak economy

If this is the case, MQM is largely responsible for this. ****ing of industries to up country during last 20 years. Pakistan Tobacco is the prime example of this.

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Re: A critical look at the Pak economy

How am I twisting things...I have given you links where you can verify whatever I have quoted...I rather exposed your sweeping false statements made without any refrence...

[QUOTE]
You are comparing KESC line losses with LESCO. I do not know if you read all what I wrote? ... Major reason for KESC line losses is unauthorized residence and industries. The reason is that Karachi is expanding not at natural rate but much more than natural rate and thus there are large tracks of unauthorized residential areas using illegal means to get electricity, plus higher cost of electricity to residence of Karachi also increases this theft of electricity.
[/QUOTE]

Who has allowed these no go industrial/residential areas...who has killed Mr. Shahid Hamid Malik who made a report against them...the expansion of Lesco has been much bigger than KESC in last 15 years...why line losses of KESC are much greater than that of other distibution companies

[QUOTE]
On the other hand, forget LESCO .. talk about line losses and electricity theft of WAPDA and you will find that as bad as line losses of KESC.
[/QUOTE]

Again you post without studying anything....Wapda does not distribute electricity directly so no question of Wapda line losses....Wapda has nine distribution companies called DISCOS and all of them are profitable...with line losses ranging from 10-15%...

[QUOTE]
Another thing is that electricity theft in Karachi is happening since much before MQM in similar way and it is not MQM phenomena.
[/QUOTE]

Again you are wrong....KESC was a highly profitable blue chip company in mid 80s before the MQM factor...

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Re: A critical look at the Pak economy

You are self contradicting your own statement…Sales tax is the largest revenue source in Pakistan with more than 50% share in total revenue collection…how can Karachi share be 70% with only two percent share in Sales tax…figures don’t add up…give me some concrete figures instead of newspaper statements which are often made in the flow of the situation…and for your information I have all these figures but I would like to see what you come out with…

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Re: A critical look at the Pak economy

Source please...

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Re: A critical look at the Pak economy

Do you agree or not that Karachi contributes 70 percent of Pakistan national revenue and it is not Pakistan that is paying Karachi for development but it is Karachi that is financing Pakistan National government and all other places in Pakistan?

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Re: A critical look at the Pak economy

No I don't...

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Re: A critical look at the Pak economy

Well, so what can I say about you ... who do not believe 'Associated Press of Pakistan' as well as Chairman CBR when he says where taxes are coming from. I think you are lost case ... so no need to try to convince you of anything ... as it would be waste of time .:) Thanks. KH

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Re: A critical look at the Pak economy

http://www.paklinks.com/gs/showthread.php?t=265593&page=2

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Re: A critical look at the Pak economy

It's up to you....even I don't have anytime to discuss with you when you make sweeping false statements without any figures and real relevant sources...

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Re: A critical look at the Pak economy

You should also note these facts when you compare KESC and LECSO:

  1. KESC is a manufacturing company as well whereas LESCO is a distribution company only

  2. LESCO get the a huge share from relatively cheaper hydal generated electricity whereas KESC is dependent on furnace oil and gas.

  3. WAPDA too have been reported to get the governement subsidy in the past.

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Re: A critical look at the Pak economy

I haven't read through this complicated textbook you guys wrote, yet, but has anyone brought up the perspective that a good chunk of the economy is paralyzed due to recent suicide bombings, CONSTANT political parties' street warfare (of which my dear dying Karachi is victimized frequently), a dire energy crisis that paralyzes work (electricity outages), and a tremendous amount of health issues that paralyzes PEOPLE - a pretty big economic resource.

A lot of the economic problems have to do with unique poverty-related problems in Pakistan, and its anyone's wet dream to think that one military man could have eradicated all that. It took decades to build the mess, its going to take centuries to clean it up.

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Re: A critical look at the Pak economy

GOVERNORS of **
**THE STATE BANK OF PAKISTAN
*(Since its inception)*

(Late) MR. ZAHID HUSSAIN
(10-06-1948 TO 19-07-1953)
**
(Late) MR. ABDUL QADIR
(20-07-1953 TO 19-07-1960)
**
*(Late) MR. S.A. HASNIE
(20-07-1960 TO 19-07-1967)

(Late) MR. MAHBUBUR RASCHID
(20-07-1967 TO 01-07-1971) *
**
MR. S.U. DURRANI
(01-07-1971 TO 22-12-1971) *
*
*(Late) MR. GHULAM ISHAQ KHAN
(22-12-1971 TO 30-11-1975)

(Late) MR. S. OSMAN ALI
(01-12-1975 TO 01-07-1978) *
**
MR. A.G.N. KAZI
(15-07-1978 TO 09-07-1986) *
*
*MR. V.A. JAFAREY
(10-07-1986 TO 16-08-1988)

*MR. I.A. HANFI
FIRST TERM
(17-08-1988 TO 02-09-1989)
SECOND TERM
(01-09-1990 TO 30-06-1993) **
**
MR. KASSIM PAREKH
(05-09-1989 TO 30-08-1990) *
*
*DR. MUHAMMAD YAQUB
(25-07-1993 TO 25-11-1999)

Dr. Ishrat Husain
(02-12-1999 TO 01-12-2005) *

Dr. (Ms.) Shamshad Akhtar
(02-12-2005 - Present)