Discuss

becaz pakistan doesn't have required capital investment and skill required. Wahts the biggest industrial group in pakistna ? May be minsha or lakhani ? Can anyone of these can invest 10B in one project ? no way.

All the development we have seen in third world countries (including japan & germany)since second world war is becaz of FDI. Same thing pakistan requires to get out of viscious circle of poverty.

Secondly problem is the skilled manpower.technical skill level is pretty low (exceptions might be there ) but overall technical skill is not there to carry on any large scale project.

Assalam-o-Alaikum-Warahmat-ULLAH ALL,

@RajputPuttar: Even after giving you the example of Atiq Raza, a Pakistani, I'm astonished to hear your words.

You seem to think FDI is the only way for improvement. Otherwise, this nation is bankrupt of everything, including money, skilled labour, the conviction to give results. Your saying, we have no other options ?

(sarcasm) Wow! man. I salute your genius. (/sarcasm)

I was a part of a software house in Lahore, which built the health care services software/system for a company, who sold that solution to multiple state Governments in USA. Why doesn't Pakistan Govt. spend money on Pakistani people ? There are plenty! of engineers, in Pakistan roaming around, jobless. There's no need to curse those who are strong! with DEEN-e-Islam. Pakistani Govt. can put those people to work, by starting a 5 year plan.

Did you forget that the;

(1) EurAsia region is the richest in natural resources ?

In-fact it is the resources, money, skilled labour of the EurAsia region, that has kept the west alive and kicking. Did you forget this ? If ALL that is reverted to our benefit, what would happen ?

(2) Most of the skilled labour, the cream of Pakistan goes out of the country, EXACTLY because of having no appreciation for their skill, their work, inside Pakistan ?

Why does Pakistani Govt. + Pakistani traders go for solutions from abroad, when they can get BETTER! solutions from within Pakistan ? Why don't they invest in Pakistani people ?

Pakistan needs;

(1) major overhauls in its financial policy, both local and foreign.

(2) to revive Zakaat system
(3) to reset its taxation system
(4) to clean up its taxation system from ALL the criminal sharks

We need to learn self! reliance.

We are a nation of 180 million people. Our market is HUGE!. If we just PUT our brain on thinking, we will find so many solutions, other than FDI.

Assalam-o-Alaikum-Warahmat-ULLAH ALL,

Mirza sb. sadqe jaoon aap ke.

aho-E-aho. You are right.

Because Pakistan has no local Industry that could be called an Industrial base. All has to come from abroad.

Because Pakistan is obsessed with deen and has forgotten to balance it with knowledge of this dunya.

If we look at terms and conditions attached in our aids then we can understand those reasons that large contracts required huge amount of money and all most every large scale projects are built by aids that are given by many countries and with those aid they attach the term that "this project will be built by contractors from our country" and I think this is one of the reason why Why doesn't Pakistan Give Large Contracts to Pakistanis....

Harris

I m not sure if u r speaking of same Atiq Raza or not but if its the guy

http://www.easic.com/index.php?p=releasdetail&IdReleas=116

Then this guy studied in UK & US . Settled in US , then how come u can give his credit to pakistan ?

We ask Chinese to build the Karakoram highway and then call upon them to clear the road after a landslide.
What do you expect?

Assalam-o-Alaikum-Warahmat-ULLAH ALL,

@yahya87: Pakistan collects Rs. 1+ trillion tax every year. It is just only Rs. 1 trillion, because of a hundred plus problems, that can be solved easily.

It could easily go upwards of Rs. 2-3 trillion. I believe, it is just Rs. 1+ trillion because the rich don't pay taxes in Pakistan. They get away with ALL the lucrative services. Result ?

(1) The common man pays for the luxuries of the rich in Pakistan
(2) The common man ends up with the tax bill
(3) Pakistan is running from the pocket of the common man

There's more;

(1) Yesterday, I found on DAWN News, NAB found 2+ trillion Rupees embezzled from Pakistan
(2) 1065+ billion Rupees of Pakistan are with another 8000 people/snakes, most of which is in Mr. Zardari's hands
(3) 193+ billion Rupees were embezzled from Pakistan by people in shape of loan write-offs' between 2000-2009
(4) 200+ billion Rupees were embezzled from Pakistan by people in shape of loan write-offs' between 1971-2009

(4) Foreign investment isn't coming into Pakistan, because of continuous political turmoil
(5) Political turmoil continues because of ZERO existence of -> impartial, across the board, FAST!, non-discriminatory justice that obeys Islam

When you have Rs. 3+ trillion taken out of circulation from Pakistan's economy, plus Rs. 1+ trillion of tax money being put into pockets by Govt. personnel each year, what do you expect to happen to Pakistan, its people ?

Rather than solving the original problems, our people try to side-step issues. Ignore the original issues and try to adopt other measures.

This policy of people of Pakistan, has FAILED!! them for the last 60+ years. Going into the future, it continues to have repercussions for this country and its people.

I see it coming, my dear you will witness it in your life span -inshAllah- it is near :)

Assalam-o-Alaikum-Warahmat-ULLAH ALL,

@RajputPuttar: O .. and if you don't want to put up the truth about Atiq Raza, then .. I guess I'll have to ? Even if it shows everyone, you'r a blatant liar.

Check this out;

Article: Telecom & Software - Trends & Future in South Asia
Source: the-south-asian.com
Author: Salman Saeed
Date: Dec, 2001
URL: http://www.the-south-asian.com/Dec2001/telecom%20&%20software%2010.htm

I quote;

/////////////////////////////////////////////////////////////////////

Part II - Pakistan.

ATIQ RAZA

Bachelor's degree [Honors] from the University of London,
and a Master's degree from Stanford University.

Lives with his family in Morgan Hill, California.

Value /Wealth created about $ 4 billion by 2001.

Atiq Raza passed high school [ St. Anthony’s & Aitchison College] in the late 1960’s from the old city of Lahore -a center for educational and cultural [ arts & film making ] excellence and dubbed as the Paris of India during the last days of British rule.

After getting a Bachelor’s degree in Electronics from University of London, Atiq flirted briefly with work at the Haripur R& D Labs of the Pakistan Telecoms Corp. before heading out to the US. After finishing his Master’s from Stanford University, where Vinod Khosla [ Sun Micro Systems and Kleiner Perkins & Caufield Byers - the venture capital company ] and he became friends. Atiq Raza worked at Amdhal Corporation and VLSI Corp. in the Silicon Valley , California .

Atiq then took on the colossal task of taking a handful of engineers at Nexgen [ a start-up company] and challenging the total dominance of Intel in the Microprocessors area. He describes it as a small army taking on the the forces of the Roman Empire . He went on to sell Nexgen for $ 800 million to AMD instead of an offer of 1.2 billion from the memory chip maker Micron. In 1999 he led AMD to successfully produce and market the K-6 processors. thereby breaking Intel’s monopoly of the microprocessor market in the world.

..continued..
-------------------------------------------------------------------

@RajputPuttar: Do you have anything to say, to explain your words ?

Harris

PLease read budget before spitting your venom. It details all exepnses as well

If GOP collects 1300B , the expneses far more than these 1300 and to cover the gap , GOP has to borrow further. The whole development program is depenedent on borrowed money becaz the 1300B are not even sufficient to meet the running expenses.

Assalam-o-Alaikum-Warahmat-ULLAH ALL,

@RajputPuttar: Did you miss the facts I mentioned above ?

(1) How do you explain that Senators from Pakistan repeatedly say, that if Govt. reduces its expenses by only 3%, which is an achievable goal according to them, it can easily save more than enough money to cater to its planned expenses ?

(2) How do you explain that Govt. is not taxing the rich ? Why doesn't it do that to have enough money for its expenses ?

(3) I put up case of Rs. 3+ trillion above, that is OUT of circulation from Pakistan's economy. Did you miss it ? I think you did

Assalam-o-Alaikum-Warahmat-ULLAH ALL,

@RajputPuttar: Zakaat is collected by state. Taxes are also collected by state.

The problem people of Pakistan have with those who collect Zakaat, plus taxes in Pakistan is that ALL of them pocket ALL of this money for themselves, rather than ensure that this money is spent on the people of this nation.

Why shouldn't you have the lowest tax to GDP ratio, in a nation, which gives FAR MORE in donations each year to Imran Khan, when people's tax money, Zakaat money is pocketed by a small corrupt bunch ?

Why cry, when Govt. doesn't do anything about this ?

Why doesn't Govt. bring transparency in the taxation procedure, to improve confidence of people of Pakistan in Pakistan's taxation system ?

This current Govt. has spent 2+ years in public office now. That is more than 730 days in public office. WHAT have they done to improve on this situation ?

Assalam-o-Alaikum-Warahmat-ULLAH ALL,

@RajputPuttar: Is ALL of your talk going to be based on assumptions ?

We cannot have credible talk on the basis of your 'assumptions'.

I have put up more than enough credible, hard facts. I advise you to keep your assumptions to yourself. Give me something concrete, or don't waste time on this thread.

Assalam-o-Alaikum-Warahmat-ULLAH ALL,

@RajputPuttar: Right now, Govt. taxes those who do white collar jobs. They are not taxing traders, rich people.

What does that tell you ?

If Rs. 1.4 trillion can be extracted out of those who do white collar jobs, what do you think, how much would the Govt. be able to get out of those who are traders, who are far more rich ?

-------------------------------------------------------------------

I have already mentioned this Govt. has spent 2+ years in power, that is 730+ days;

(1) What has it done to improve on the current tax-to-GDP ratio ?

(2) Has it improved Pakistan's taxation system ?

(3) Has it made any effort to make Pakistan's taxation system 'transparent' ?

(4) Has it tried to improve on the credibility of those who handle this tax money ?

(5) Has Govt. published reports on where it is spending ALL this tax money ? How it is spending it ? What output is it getting out of that ?

OR

(6) Is Govt. continuing to ONLY tax only those who do white collar jobs ?

When the present Govt. has done nothing! to improve on the current situation, do you believe, I as a common man should accept that as a 'reality' ?

Assalam-o-Alaikum-Warahmat-ULLAH ALL,

@RajputPuttar:

(1) There is lack of capital ? How ? I have just proven that there is MORE! than enough money ALREADY available INSIDE Pakistan.

The Govt. has more than enough money. Taxation is not the only method through which Pakistan Govt. has inflow of money, right now.

The problem is not that money is not available. The problem is, ALL of this money is being pocketed spent by the people running Pakistan Govt., rather than being spent on the welfare of people of Pakistan.

How can you say, there's shortage of money ?

-------------------------------------------------------------------

(2) There is lack of skill ? How ? You have hundreds of thousands of skilled young people who can't find jobs.

How can you say we have a severe lack of skill, when there are so many! qualified people in this nation, who can't find jobs, who can't find work, who are not appreciated, who are not encouraged ?

These people belong to EVERY! career path.

WITHOUT education and not investing money for railways/road or any other transport projects, Pakistan can not go forward.

hariskhan

I m giving u official figures. So , whats your source of your infomratoion ?

Your Belief ? Wishes ? assumptions ??? or ???

Hariskhan,
Do you have any figures on money collected by JI from qurbani ke khalain last year and if they paid any tax on the income?