Bahut arsa pehley mein ney aik sawal poocha tha jis ko kisi ney touch karnay ki koshish nahi ki, kyoonkay ‘numbers are fake’ ki haqeeqat sub jantay hain. I will ask it again.
According to Ishaq Dar and certain newspapers, the recent stock market drop of 1000 points or so has resulted in a loss of almost (let me count…300+68+78 = 446 billion rupees. So conversely, when the market went up from 21,000 last year to 30,000 this year, the investors must have made 446 billion for every 1000 points? That comes out to 446 x 9 = 4014 billion rupees…thats $40 billion dollars. Now in cap gains tax alone, the govt should have received more than $10 billion in taxes over the past year. Am not even counting the withholding tax and a bevy of other taxes levied on stock market transactions. So for a start, please tell me why the govt is scraping the barrel for pennies, begging IMF for more, when it has been flush with cash?
That along with asking people to send remittances through illegal means, withdrawing money from banks, not paying taxes & crashing economy so IK could be the PM. I wonder if IK/PTI is well wisher of Pakistan or working with India and Taliban to destroy Pakistan's economy & turned into Somalia or Afghanistan.
Imran doesn't care what damage he is causing, he is desperate for the kursi.
Instead of knee jerk responses, people should read silaaj's posts in this thread. He makes a lot of sense in his posts and seems to be well informed on the subject
Instead of knee jerk responses, people should read silaaj's posts in this thread. He makes a lot of sense in his posts and seems to be well informed on the subject
Look at his avatar, it is obvious why he is making those points - which nobody will bother to fact check.
still waiting for the proposals of PTI for amendment in Finance Bill 2014.
khulla maidan de diya tha PTI ne PML(N) ko, when proposals were being discussed, because PTI loves boycotts.
Not everyone has done PhD in Economics to counter argue the economic postulations, but the basic thing that every party keep on crying (Budget and everything got taxed), why these political parties give open field to government while Budget is being discussed. This is applicable to all parties.
No one can expect that 100% proposals will be agreed on, but building pressure on government to give some concession can be a viable option if these things are seriously discussed with collaboration of other parties. But… probably, everything in National Assembly is not worth discussing, till we get a majority there is PTI’s ideology.
Perhaps you have still not understood the way this party (PMLN) works…or perhaps you understand it, and refuse to acknowledge the obvious.
Last year, PTI participated in the bill debate. Ishaq Dar was absent in most sessions anyway, so it hardly mattered. The boycott they staged was to protest the GST levy, despite SC having struck it down, and it was a single session boycott. When you have a monarch party that is not even willing to entertain SC decisions, what makes you think they will entertain any opposition?
By the way, all the amendments that were presented by the govt (Ishaq Dar) were accepted…and all of those presented by the opposition were rejected. PTI did not present any amendments because, as I said before, the govt was not even listening to the SC. Debate was wrapped up in a week.
This year again, PTI actively participated in the debates, but take one look at the news, and you will find that the finance minister was not present in any of the debates. So what exactly do you expect PTI to do in such circumstances?
In Punjab, all opposition motions were rejected by the treasury, which is why the opposition boycotted. You still want a debate in such circumstances? Its a surprise anyone even bothers going to the assembly in light of the autocratic approach adopted by this govt.
why didn’t they protest in form of sit-ins then? Wasn’t that less important issue than rigging? Channelisation of protest through assemblies should also be there (not only by PTI, but for all parties). PPP and PML(N) are partners in crime, but what change PTI brought? #Nil_Batta_Sannata](http://www.paklinks.com/gs/usertag.php?do=list&action=hash&hash=Nil_Batta_Sannata)
We all know that PTI got gaddi nasheens and Peer o Murshid as its leaders, but that doesn’t mean that they display their antrayami (all known) and Ilhami prophecies by self assuming PML(N) will not entertain our proposals, so lets keep a mum on such important issues. If they are vocal about corruption, rigging, they should have not missed any chance that could have changed something. Even a concession like reduction of GST rate from 17% to 16% would have been a plus point, if that was proposed, followed and got implemented by PTI. #qatra_qatra_talaab](http://www.paklinks.com/gs/usertag.php?do=list&action=hash&hash=qatra_qatra_talaab) you know.
Silaaj do you really believe all the pseudo-economic bull**** you espouse? Simple yes or no.
You pre-emptively calling my views as 'bull****' and asking for a yes or no answer implies that you come in with a pre-conceived notion, and have no intention of reading through facts. You are more than happy to look at numbers that belie reality, and sell rubbish to what is largely an uninformed population.
The sad state of affairs in our country is that when Ishaq Dar comes out and says 'we are selling this bond' or 'we are getting this loan', or 'we have received $50 billion in investment from xyz', Pakistani public usually doesnt have the brains (or the time) to question the cost of these sales or so-called investments. When someone questions them, they are called enemies of the state. I call them enemies of the estate (Sharif estate, that is). Take a look at what similar moves by this very same govt resulted in 1993 and 1998.
You pre-emptively calling my views as 'bull****' and asking for a yes or no answer implies that you come in with a pre-conceived notion, and have no intention of reading through facts. You are more than happy to look at numbers that belie reality, and sell rubbish to what is largely an uninformed population.
The sad state of affairs in our country is that when Ishaq Dar comes out and says 'we are selling this bond' or 'we are getting this loan', or 'we have received $50 billion in investment from xyz', Pakistani public usually doesnt have the brains (or the time) to question the cost of these sales or so-called investments. When someone questions them, they are called enemies of the state. I call them enemies of the estate (Sharif estate, that is). Take a look at what similar moves by this very same govt resulted in 1993 and 1998.
But then again, forget it.
I care little for Ishaq Dar or what he stated. Any economist worth his salt knows that a drop of 1300 points is not as you stated "Black money is being pulled out of the market, and the market is dropping back to reality."
That is bull****. You know that. I know that. Every economist on the planet knows that. However I would like you to prove that statement to be a fact. How do you account for every single paisa that was in the stock market being black money and all of it was just pulled out.
Time for some sentimental math here.
PTI and PAT dharnas on for 2 weeks = market drops 1000+ points in 2 weeks
Nawaz ouster possibility sharply rises = market rises 1000+ points in a single session
Im beginning to think there is a correlation between Sharif ouster and happiness somewhere here.