Exports surge by 1.7pc, trade deficit shrinks by 5.6pc in six months

[pzfz]

In Norway filthy rich land and real estate owners are maximum taxed while corporate taxes are less than income taxes. Explains why we are successful

To be fair, Norway is where it is only because it's a resource-based economy that figured out how to distribute its wealth better than anyone in history - thanks to its extremely low population. It is not like the other scandinavian/nordic countries at all whose economies are relatively more dynamic and less dependent on natural resources.

Besides taxing real estate and imo getting rid of corporate tax, Pak needs to tax all non-essential retail items and import of used retail junk. Tax should not be on corporations per se but rather their usage (water) or detrimental output (ie pollution) etc. "Sin tax" is on the right path, but extend it to corporations as well. Also legislate and incentivize corporations that invest in improving their usage rates and cutting down on their dangerous output. Kills a lot of birds with one stone. Increases reinvestment, jobs, technology, and decreases the environmental impact of said corporations while also unburdening both the govt and corporations from trying to navigate an insanely complicated tax code.

Of course it's doable. My original question was whether government has the will to tax the most profitable sector in Pakistan
Published in The Express Tribune, August 15th, 2018

Phew, because i was gonna say there's not even a conversation being had by the PTI twitterati about this until you showed the link. Shows someone recognizes the scam that is real estate in Pak.

 

[Norwegian]

Besides taxing real estate

Pakistans biggest mafia is in real estate (Bahria, DHA, Paragon, Eden) that collectively contribute only 20 billion RS to the national economy. It's like 0,1 percent. Again who will tax the biggest mafia? Governments own top ministers, bureaucrats, military people own huge mansions and luxurious apartments (See Grand Hyatt scandal)

Shows someone recognizes the scam that is real estate in Pak

Real estate is the biggest scam in Pakistan

 

[pzfz]

Pakistans biggest mafia is in real estate (Bahria, DHA, Paragon, Eden) that collectively contribute only 20 billion RS to the national economy. It's like 0,1 percent. Again who will tax the biggest mafia? Governments own top ministers, bureaucrats, military people own huge mansions and luxurious apartments (See Grand Hyatt scandal)

At least you showed PTI got the conversation started. Who or what is going to do it? Probably the Chinese or pressure from the IMF. Pakistani "democrats" are so stupid that instead of taking on the retired generals in their open scam (a scam in which there in on) they pick anti-national fights on behalf of external enemies and parrot state dept talking points.

 

[Norwegian]

At least you showed PTI got the conversation started. Who or what is going to do it? Probably the Chinese or pressure from the IMF. Pakistani "democrats" are so stupid that instead of taking on the retired generals in their open scam (a scam in which there in on) they pick anti-national fights on behalf of external enemies and parrot state dept talking points.

After destroying all productive sectors of economy (exports) former governments (including military) made real estate the only profit generating business left. Can you imagine a country with practically zero mortgage market can have such a huge real estate market, Asia's biggest housing societies. Where all this money is coming from? From corruption, shady business deals and money laundering. And then people say why Pakistani economy has failed?

 

[CHACHA"G"]

Until we start local manufacturing of basic goods of daily need we will not be able to succeed "no matter what" !!!!!!!!!!!!!
We have to start building "Things" at home...…….

1. 
   
   
   • Start localization of Medical Industry (especially all sorts of Medicines) instead of Importing!
   • Start localization of Home Appliances Industry (Instead of Importing or only Assembling!
   • Ban mobile imports ,,,,,, Ban companies like Q-mobile , make sure 100% Made is Pakistan!
   • Target main importing items , like cooking oil , Tea , Toys , Pampers , food items , and many other such items which we can mange at home!
   • Focus on Halla Market , Food , Cosmetics , Medicines …… All of them...…….
   • Start sending Pakistani Youth out of Pakistan ,,,, some how get 1 million Jobs in GCC and send youth from north Punjab , Sindh …….
   • Make sure all Big Multinational Campines have their manufacturing units in Pakistan instead they import item from india via Dubai or from any other country...…….

 

[Placemat]

Naheeeen

 

[313ghazi]

Taxing real estate in Pakistan is the only solution but who will implement it? It is the only source of wealth remaining after all the other sectors of economy have been destroyed

Agree 100%.

Personally i feel the real estate is a terrible market to have. Housing is important, but people speculatively pumping money into property is so backward. It prohibits investment in other industries and curtails innovation.

I don't blame the investors though - it's a safe choice with low barriers to entry, available to the common man. Until the wider market becomes more accessible to people they will invest in this sort of stuff.

What we need is a more regulated version of the penny stock. Let common people invest in SME's or startup generators, but only allow entry to companies that have got strong business plans and a proper structure in place. Would require a high degree of regulation and a simple easy to access platforms to entry for the common investor.

 

[CHACHA"G"]

Agree 100%.

Personally i feel the real estate is a terrible market to have. Housing is important, but people speculatively pumping money into property is so backward. It prohibits investment in other industries and curtails innovation.

I don't blame the investors though - it's a safe choice with low barriers to entry, available to the common man. Until the wider market becomes more accessible to people they will invest in this sort of stuff.

What we need is a more regulated version of the penny stock. Let common people invest in SME's or startup generators, but only allow entry to companies that have got strong business plans and a proper structure in place. Would require a high degree of regulation and a simple easy to access platforms to entry for the common investor.

We only need a butcher on top...…….. Who start killing 1000 Beuru-crazy members + 1000 other Govt Officials with 500 corrupt Business elite members and 200 other corrupt people daily...…………………
That's the only solution ……….. Rest every thing will fail...…………
Service shows ,,,,,,, Q-mobile ,,,,,,,,,,,,, Nestle Water ,,,,,,,,,,,, Katas Raj mandir ,,,,,,,,,,, Nandi-pure ,,,, Raja rental cases,, Iftikhar chohdary ,,, and many more cases are here in front of all of us ………. These cases are more then enough for me to say what I said.

 

[Muhammad Omar]

Untill unless Special Economic Zones are build and local manufacturing is promoted our trade deficit isnt coming down