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Old Tuesday, March 14, 2017
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Default alternate to IMF, world bank and ADB

Any alternate solution to make strong economy other than the loans and borrowing from IMF, ADB and WB.
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Old Tuesday, March 14, 2017
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The solutions are to be followed;

1. Utilizing the inhabited resources

2. Imparting academic & technical education

3. Increasing the flow of foreign direct investment

4. Self reliance & right person for the right job

5. Generating new economic trends

If the following points implemented, we will get rid of foreign debts.
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Old Tuesday, March 14, 2017
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Quote:
Originally Posted by gulminaah fatima View Post
Any alternate solution to make strong economy other than the loans and borrowing from IMF, ADB and WB.
following steps to get rid of IMF and world bank slavery :

1: introduce zakat in macro and micro economy .

2: bring land reforms and impose land tax on DHA, BAHRIA TOWN plots and houses.

3: control corruption and bring looted assets of Pakistani nation.

4: computerize taxation system .

5: formulate such policies for domestic investors so as to encourage them for further investment.

6 : last but not least , stop trade on dollars and make economical alliances .
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Quote:
Originally Posted by Whitehulk View Post
following steps to get rid of IMF and world bank slavery :

1: introduce zakat in macro and micro economy .

2: bring land reforms and impose land tax on DHA, BAHRIA TOWN plots and houses.

3: control corruption and bring looted assets of Pakistani nation.

4: computerize taxation system .

5: formulate such policies for domestic investors so as to encourage them for further investment.

6 : last but not least , stop trade on dollars and make economical alliances .

Your pint 1, 2, 6 seem to be irrelevant with the topic, please elaborate it that how can these be incorporated to get rid of foreign debts?
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Old Tuesday, March 14, 2017
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Quote:
Originally Posted by Greenboat View Post
Your pint 1, 2, 6 seem to be irrelevant with the topic, please elaborate it that how can these be incorporated to get rid of foreign debts?
Elaborating my 1s point ::
Macro economy deals with national productivity .such as wheat , rice, cotton ,plastic etc. All those things are in the chart of state production
If government introduces computerized zakat system on these things , the state will b able be collect enough wealth .this policy is for state purpose.i.e federal budget.
Micro economy deals with productivity of people . Rich and elite class fall in this category . if state collects zakat from them , poverty will decrease. This collected wealth will be for only poor class.


Elaborating 2nd point:::

In our country , feudalism is some type of curse . feudal lords having lands in kilo meters don’t pay taxes . they are bricks in the great wall of status qou . some time they challenge state writ. Even a SP rank officer avoid from them .
Hence , through land reforms government can nationalize their lands . only state will irrigate and get profit from their lands . it will also help to reduce regional famine by distributing wheat and rice in limited ratio . extra thing should be exported . in this policy , no one will be allowed to keep more then 400 acre of irrigated land.
There should be annual taxation on expensive houses and plots according to price ratio.


elaborating Point 6 ::: this point has link with politics.

as we know that price of dollar increases in market when its demand increases.
Whenever we wish to export or import any thing , we will have to convert rupees into dollars . This act not only increases value of dollars which directly effects our foreign debt but also inflation. Simply, Inflation increases whenever we print our currency more in number.
Besides this , the western puppets smuggle billions of dollars from the third world countries by changing local currencies. E.g corrupt mafia , politicians etc. it is a chain cycle for making dollar a universal currency. By giving less value to dollar , it will effect on currency smugglers and increase state currency value . world market can value our currency whenever we export something.

Moreover, we should make a trade alliance with the third world countries who are rich in resources . it will help us to get cheap raw material . this step can double our export . finally ,it will hit a universal currency known as a dollar.
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