Why Pakistan's Economy is in Trouble? | The Untold Story of Pakistan's Economy
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- čas přidán 23. 06. 2024
- In this episode of the Raftar Podcast, we dive into the pressing issue of why local investors are hesitant to invest in Pakistan. Our guest, economist Ammar Habib Khan.
Join us for an in-depth discussion on the economic challenges and potential solutions for fostering a more investor-friendly environment in Pakistan.
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The public will never pay tax if the Generals are going to buy islands around Australia, or palaces like houses in Dubai, London, Canada from public money
To pay tax is not in islam
@@Hanafimaslak-UK Then how do you fund the services of the government? And before you say zakaat, zakaat is a personal obligation to Allah, not to the state.
@@reez1728 government should generate income instead of building their personal bank balance when in government ,its very detailed topic and zakat is not personal in fact Hazrat Abu Bakr ra declared jahad against people who said they won’t give zakat to the state instead will distribute themselves and it was against how Rasool Allah SAW did and zakat is specifically allocated to 8 categories e.g musafir,yateem,qarazdar etc but this government is not even trustworthy
Let me assure these two jokers should confirm that they have paid their taxes. Tall talkers 😂😂😂
@@rparasuraman4836 very good.
The issue with Pakistani brilliant minds is they are good at identifying problems but do not have solutions? Why - because 60% of Pakistan’s economy is under the iron clutches of Army - no body dares to tell them to pay honest taxes or audit books of most of the industries managed by Armed Forces. Nothing is going to change- you will hear same discussion 10 years from now.
They will not exist then😂😂😂
Even the problems the identify are 10-20 years old. They can’t predict how things will go wrong.
raftaar does more than main stream media
Wait till software update
@@trilokyamohanchakra6351 hopefully God saves them we need this
I’m surprised we still have brilliant minds like Mr Ammar khan . But unfortunately government never gonna hear him
What brilliant mind? The government has increased 30% expenditures this budget, why the hell would retailers or anyone would be willing to pay any more taxes? Khud ki niyat theek nhi hai govt ki and enforcing others to pay taxes. Does it make any sense? 2000 rs tou aesy bol rha hai jese retailer koi aut taxes deyta hee nhi. Ajeeb logic
I'm surprised we have such stupid minds who think Ammar Khan like idiots are brilliant. Lol
@@shahmeerbaloch5363 retailers in comparison to salaried class pay almost no taxes,,, its criminal
@@ismail4900 not against paying taxes bro, but what the govt is doing is way more criminal. No one would in the right mind pay taxes while their govt increases expenditures and luxuries. The middle class is already over burdened with a lot of indirect taxes
@@ismail4900پیارے بھائی مسئلہ اصل یہی ہے کہ لوگ ان جیسے فیس بکی دانشوروں کو رول ماڈل سمجتے ہیں ، تمخواہ دار اور ریٹیلرز کو ایک ہی بجلی ملتی ہے لیکن ریٹیلرز کا یونٹ ریٹ چار گنا زیادہ ہے ، دکان کے بورڈ لگانے پر پبلسٹی ٹیکس، کمرشل پانی گیس کے بل ، کیا یہ سب ٹیکس نہیں ہیں ؟
38:30 straight facts!!!
I tried to open my bank account in three banks in Pakistan and they gave me so much headache that I ended up not doing it. Upon arrival to America as a student, went in on the 2nd day to make an account. Took less than half an hour and literally no effort. Just took the most basic docs and they gave me a bank account, app and everything else I needed.
I was so surprised by the Pakistani banks. It's not like Americans are some great people, the banks just understand that the account openers are customers and treat them as such while Pakistani bank managers etc think they are doing you a favor.
Wow
In India
I can just download the bank app, verify my aadhar number, KYC myself on video call...boom the account is opened...the debit card will be delivered to me by post within days. I don't earn anything, I have 4 bank accounts...and everyone in my family has their own bank accounts
@@shivang_kumar That is pretty good. Pakistani business man should look to India quite a bit due to similarities among the conditions.
@@afnankhan43001 what do you mean should look to India.
@@pipipupu5104 meaning Indian companies and systems and the way they are bringing improvements. Learn from their successes and their failures in order to improve themselves.
عوامی سوچ اگر آج تک محدود ہے تو اسٹیبلشمینٹ کونسا اپنے جزیروں کے علاوہ کسی کا سوچتی ہے؟
Very intelligent Person, He should be on the key position of Pakistan.
Tax will not help. Laying off govt staff by half is the only way ahead. Problem with Pakistan is that they want to build a global big state. Think within limits, most problem will be solved
Pakistanis can’t stand on their 2 feet and want to think big?
Nothing is gonna help Islamic Pakistan
Indias retail is 95% digital. For 10 rs. Payment wepay by upi
What does he mean by india retail..
@@pipipupu5104 kachori wala bhi india mai online mobile phone pe payment leta hay. thats what he mean
Bank Micro transactions of small retailer. It's called retail banking@@pipipupu5104
@@pipipupu5104 indian retail business, small vendors etc
Whatever suggestion he gave, anybody can give. Do not agree that we are better than Bangladesh and SriLanka.
Faisal sahib I am waiting you as moazam some questions and I thought you will ask me directly that’s the right thing to do I AM WAITING
Karachi greenline pr program kray ya bara hathi banayga issay pahlay isko xpose kray yaha workers ko basic facilities bhi nahi milrai hay salaries 18000 cleaner, 23000 guards, 25000 ticket operators, 30000 fcm manager, 35000 station manager in paso may kisi family zinda rahskti hay?😢
yehi salaries hai market mein
If Government control it's departments from Bhatta / Gunda tax than businesses will pay government tax.
He is asking for monthly tax while these commercial businesses are paying taxes on daily basis to govt. Institutions.
If they show their transactions by accepting digital payments then these institutions will be more threatening and demanding.
Govt. Needs to change his mindset from threatening & penalizing to facilitating & supporting to Tax payers.
What facilitation / prioritization has government announced for the tax payers in this budget? Nothing, then why anyone pay tax ? When everything he has to do through ownsources.... The list is long but time is short....
Excellent Macroeconomics class !
mein youtube par comment nein karta lekin . highly impressed with Raftar work I almost addict with it
No Pakistani wants to invest in Pakistan, why in the hell would any country invest. The other problem is foreign invested can't take their money out of the country in dollars. Also insurgency, terrorism and bureaucratic corruption
Abay sedha bol hakumat chor ha 125 words ka essay he likh dia dada tm ne.
Very interesting.
Enlightened every time listening Ammar khan
Kuch return milyga to tax dety huy b kuch log sochyngy , wrna jo dena chahty b hyn wo b ni dengy
With respect who will implement law. Everything is for sale here 😂…our system is corrupted bro
Including your mother.
@@reez1728 thts how our so called Pakistani reply never mind .. I think u don’t live in Pakistan its not ur fault everyone have opinions what I see I described
Excellent comments by the guest.
Simple and clear
Stop ban cash totally in pak like india did stop 5000 rupee note overnight something needs to be change otherwise pakistan will be like Argentina, Zimbabwe
@@shakeelazad2806 Problem is that these decisions will directly affect the people in power, the army, because they have all the business, real state, industries in their hands.
5000rs currency never existed , largest available currency in india(now)
is 500
This is pure infotainment, thanks @raftar
Imran khan pti was doing a great job for economy in corona virus till 2022
Nice joke tell us more
As an Indian, I support Imran Khan. Long live Captain.
🤒🥵😤
Pakistan with imran is a dream of every hindu
Bhai india hi le jao ussay phr
as a Pakistani i support rahul gandhi,
Take imran khan to india
Bohat sahi bt boli he JB tk hm cash transaction per check & balance nh Karen tb tk no corruption no money trail no Tax me Karachi me aese logo ko janta hn jinke 15 se 20 Ghar hn wo sb k sb rent per hn or wo rent cash per late hn zero tax on rental income.. ak 50 Ghar Wala Banda bhe he wo month sirf 20 lac rent leta he zero Tax
Good knowledge and information. Thanks, but in my opinion the main problem with investing is Pakistani that people don’t trust in government. Government should built a trust for its own citizen and outsider.
Instead of Taxing common people, They need to reduce Govt. Expenses by 50%. Then get rid of atleast 50% of the naPak Fouj.. Then Tax the real Estate including DHA and Bahria Towns. then Tax the Fauji Foundation (They have huge industrial units and as a foundation pay very little or no tax at all).. and the most importantly, use TECHNOLOGY!
Really enjoy Ammar interviews.
Everyone including these two knows what is the real problem......and no one can do anything about it.
Buhht zabrdast reality bassed, sensible and informative work by @raftar team.....is jese reality based channels ki hamen behad zarorat hai 👍👍👍
Gov ki luxuries pe koi tax nahi, sirf salaried person pe tax, aur awam easy load, petrol, bijli har chez pe tax deta hai !!!!
7:20 sir g indirect tex ka tu koi return millta nahi hume tu diresct tex kis bases per dain ??
Im pleasantly surprised a person like Ammar still hasn't given up on Pak.
raftar doing good,we need more content like this.
When the general public sees lavish spending of civil and military bureaucracy and the ministers as well as MNA, MPA, and senators they think their taxes are being wasted. And the public doesn't get any facilities such as policing, justice, health and education.
Great podcast❤
And the govt in Karachi has to perform and do something for the public if they see changes on the ground people will happily pay taxes, the reason people don’t pay taxes is cuz they’ve completely lost faith in the system … but people should also care about their cities and be more active and try make changes too … Pakistani people just need to change their mindset and worry about making our lives better instead of fighting over religion and politics and ethnicity and the upper class and middle class that are educated have to take initiative first
Pakistan needs its own Mao
Another reason no one discussing for inflation is new notes printing by SBP
Hamesha misal deta hoon
Very informative program, Ammar expressed his views very elequently.
👍
In nutshell, what Amir habibi is saying that productive assets mae apne paise invest karein but pakistan ki economic enviornment (economic indicatior) aisi hai k productive assest mae paise dalna highly risky hai:) :)
Accha Baccha hai, government must listen to this boy.
Until their is involvement of army Pak can never grow
What a time estate. He need 10 years to grow up
8 43 and i had enough to bhai na problem disclose kr diya hai ka awam tax nahi derahi mtlb is he delusional or something i mean from the way im looking i cant see any point jahan is awam sa tax nahi liya ja raha ho ap medicine,electricity ,gas ,water ,phone , mtlb i cant see anywhere jhan tax na ho mtlb as a business owner myself im ready to pay 2000 per month but i want accountablity easy , lets come to this topic na kisi ko do hazar main jan nahi jarahi real reason ya hai ka koi accountablity nahi hai and here youre laying it off on awam bhai insaniyat rakho tax bhar bhar kr karz utar utar kr awam ki kamar toot gai hai aur ya keh rahay han ka 2000 main log dukanain band kr dain what a puppet jb ap ki awam karzon main ho aur apkay hukmuran sugar mils chala rahay hon london flats aur bajwa sahab ki toh subhan main toh ke raha hun ka ap 2 ka 4 lo laikn accountablity lao refom lao corrupt logon ko hatao choro ko hatao phr bat kro yahan ka hukmuran toh overseas tk ka paisa khay baithay hain aur kiya bat kray banda
Could you please mention the countries name they restrict a certain amount of cash transactions?
Tax Collection Solution of Pakistan 🇵🇰
1) Physical visit all retailers and service providers and collect its business name
Owner name
Cnic
Contact
Address
And create database
2) calculate its estimated sales for example 10,000 x 30 = 300,000 (estimated sales is variable according to business type size area etc.)
3) Apply 20% on monthly sales for example 300,000 x 20% = 60,000 you got its estimated net income
4) apply 2% business tax for example 60,000 x 2% = 1200
5) add this 1200 in KE bill OR Gas bill
6) Govt got its taxes easily without any problem
Lol it's easy to lecture than ground work. After data collection retailers will file bankruptcy for evade tax. Then what will government do ?
First open bank account for everyone then make law heavy penalty and enforcement investigation on physical transaction above 2 lakh. Data will come automatically to central bank. Modi government did this.
@@sitarampradhan8488 you are also right but this suggestion is just a kick start and after this more ideas will add in this and make a transparent and powerful system. Above 18 years all peoples have to open a bank account it's mandatory like CNIC
Army ko bi tex net pe lao inke private idary hen
Brother it's good to hear about economic problems but failed to comment real problem by politicians selecting projects of personal interest instead of country interest due to kickback and that with immunity
As an overseas, I tried to open a bank account and gave up.
Despite several attempts to comply with all the documentation and requirements.
I really like the positive approach of Ammar. At least the guy is optimistic about something, not like some who thinks its a doomsday and the progress if almost impossible.
For wheat we need imported fertiliser
please invite Dr. Kaiser bengali again. His insights would be valuable on this.
Every video of Ammar has something new to offer in terms of concepts and realistic solutions
Wonderful discussion
46:55 Y import? Pakistan should force companies to Manufacture in Pakistan and export to Central Asia.
Just call INDIAN COMPANIES.
Tata can produce millions of vehicles if Pakistan Government
Y’all are delusional. Its like listening to a 12 year old. You think tax is the end all of everything when the tax potential of the economy is miniscule compared to the expenditures. Ridiculous discourse
Nice topic ❤❤❤
I gues in imran khan govt there was created storm in a cup of tea that people to declare properties until a date otherwise there will be heavy fines ,jail etc etc
So i got scared like every normal peoson and i go to my tax lawer and declare my family properties and i remember i paid around 300,000 rs at that time ,after few days when stupids like me accross the country paid dues that storm in cup of tea vanishes like there was nothing like exist and after few more days a property amnesty came out for no question asked about plots or construction ,""then i realize is mulk main tax dena bewaqofi hay ,jab tak dena na par jaye mat do""
People who were ( 90 % ) wise and got strong nerves do not get panic of storm in cup of tea and get binifits ,meray jaisey bewaqoof bhag kar lines main lag gye🫣""
Sallam O Alikum Brother.
Brother please make a Video on Malkai Taranum Madam Noor Jahan.
Please it's a request to make Video on her life and their sacrifices for the nation of pakistan. Between wars how much their anthems are supporting Pak Army
So please make a video on her life.
Please it's an request ❤
Buhat allaaaa ❤ behtreen discussion
The hardline attitude. Intolerance towards religious and ethnic minorities. Superiority complex. Lack of scientific temperament. Rigid attitude towatds change.
Need to be grassroots level facilities to all ucs immediately for better environment and economy crises Allah bless effectors
Several Videos being uploaded in recent past for TAX ISSUE, Yes it is an Issue to collect around 13,000 Billion Rs of Targeted TAX for FY 2024-25.
A very simple question arises here that Pakistan has received around 180 US B$ on A/c of REMITTANCES, (30 US B$ Annually), 50 US B$ incurred on DEBT & Exported Goods of Approx 180 US B$ (30 US B$ Annually), Except Charaties, AID, GRANTS & TAX COLLECTION FIGURES, during the Last Six Years from July 2018 to June 2024.
Where these INFLOWS of 410 US B$ have been Consumed & EVAPORATED, i request to 250 Million People of Pakistan to prepare an INCOME STATEMENT of 410 US B$,
& We are begging of 8 US B$ from IMF, ASTONISHING VERY ASTONISHING.
From August 2018 to April 2022 PTI GOVT was the Ruler, From May 2022 to February 2024 INTERIM GOVT of PDM was Governed & till then PMLN is Ruling.
Who will be Answerable & Accountable.
Allah Pakistan par reham karay.
Good 👍
Please add timestamps
Defence colony me invest karna cahiye..
Sir ap aafia saddiqque pr ak documentary bna den kindly
Please add time stamps.
I think the only issue is tax education. Govt needs to run ads mentioning. Your tax will only be Rs. 1k etc per month. A a general perception , we only think that imposed taxation will not let us live
Ammar style is too casual. He should be formal in his lingual.
Good show
What good do tax collecting achieve if the drain by theft and squandering is not brought under control first.?
This podcast should have been much longer in duration
41:46 Currency devaluation. You have not mentioned it.
Proper capitalist evil solutions and btw governments core responsibility is not collecting tax ,it’s generating income providing jobs , making sure people are being looked after
Retailer say fbr ka inspactor har month passy laye jaty Hain Jo in Kay jaib main chaly jaty hay
plz do story on murad preedy
FBR Wala Kesa harass Kara Ha Jo Retailer Tax Registered Hota Ha App KO Kio Maloom App Loss Ma Ho Ya default Hina Wala Ho. FBR Employees App Ki band Baja Kar Raha Ga.
Lekin FBR Ka Employee Ki Jaib Garam Rakho App millions Ma Bhi Earning Kar Raha Ho Ga Koi Kuch Nahi Bola Ga.
Is Condition Ma App Jitna Text Net KO Avoid Kar Wohi Better Ha Retailers Ka Lia.
Salaried Class Alliance. Please support Salaried class
لگتا ہے عمار بھائی pro PDM ھے 😂😂
Faisal bhai podcast ke baad date par jana tha?
Jo curruption or tax chori hukmaran rabqa krta hai on ko to koi bhe nhi dy ga kha jain gy
Cash main sab say bara note 500 ka hona chiyha circulation main aur baki economy digital kar dain simple.
If you have many economist expert what is the reason of current condition of Pakistan economy
because they do not give solution even this guy is just beating around the bush
sir opening bank an keeping money secure is hassle in this they keeping on charging fees that too 1700 for cheque book and 1700 on debit catd then charges also on withdrawal of money
What the hell...
I can just walk into the bank and get my debit card within minutes for free...or I can even order it online (but then I'll have to pay 250inr which is ~750pkr
@@shivang_kumar seriously bank here require pay slip or proof of income source only than they will open the account and transparency is not their even the bank and telecom companies did pay the government taxes for years, even now they are taxing the working class like 200unit electricity 10k PKR but if it's 300+ units 18k pkr
@@muhammadhasham9976 we don't get tax on electricity but subsidy (for first couple of hundred units). My household electricity bill varies between 200-1500 inr per month in rural area (which will become 500-3000 in urban areas).
@@muhammadhasham9976 Every student gets a bank account from school. My father sells fruits and a huge chunk of our sales goes to my bank account, which we use to buy ration and pay bills.
@@shivang_kumar problem is the government kept on giving subsidy on electricity petrol when I couldn't us brown people we want free shit and for that we will vote anyone at least you guys voted better politicians then ours.
defense budget ko half kro or export brhao bs yehe ek hal h baqi sab batain fazool time ka zya h govt tax awam ko facilites dene k lye lete h ayashion k lye nae pani security nedical sab hum khud arrange krte han to govt tax kider jarha h ye bhi to btao
Please a video on SADDAM HUSAIN
and Muammar Gaddafi
Everywhere in the world people give tax and awam gets the advantage of petrol and other stuff. You are calling the green line the correct approach but not the petrol subsidy. Isn't subsidy the reason awam gives tax so they get things cheap.
Your country needs total political economic judicial administrative
Reforms better late than never
Private sector say banday nikal kar tax collection pey laga dain.
And give them power police army they will fix the system.
But Nawaz league aur PPP hired person can’t do any thing .
Tax dena ka faida kya ha Pakistan mein mushqil sa koi chand facilities hain jo milti hain or us mein bhi corrouption ha
1:Garbage Cleaner
2:Proper Roads building
3:Bus Service
3:Police Station
4:Court
5:Law enforcement department
Koi asa idara nhi jo rishwat lya bagher kam kara ya jhan hramkhori na hoti hi necha sa uar tak ek sa barh ka ek hrami kamena hain🤬
Pllz @Raftar upload these podcasts on apple podcast and other platforms 😢
Economy ka Chotuion ko nahi Pata
Pakistan problem is deep full curruption from top to bottom
Sir idry ko easiy Bill's py tax ker dain ta k cash transaction wly r small r medium shop keeper b khush rhien ta k vote bank na khtam ho...
Govt qarza lena band kary akhrajat kam kary Pakistan traqi karyga
me jab saudi arabia aya to bank account kholna tha mobile me application download ki usi se bank account banaya apne room me bethe bethe phr atm machine pe gaya or atm nikala. asal me yahi saudi arabia ki behtarin economy ka raaz hai
Acha
Why is pak not taxing it's elite 2% super rich and always sqeez middle class.