Pakistani economist suggested the crisis-hit country should abolish its currency ¥A 5,000 note emerges from the ongoing economic crisis. He cited India as an example, saying that the country’s de-monetization has worked “very well” and that “tax collection” has increased after the move.
Pakistani economist suggested the crisis-hit country should abolish its currency ¥A 5,000 note emerges from the ongoing economic crisis. He cited India as an example, saying that the country’s de-monetization has worked “very well” and that “tax collection” has increased after the move.
In a podcast that went viral on social media, Ammar Khan said: ¥There is 8 billion trillion cash circulating in Pakistan’s economy.
In a podcast that went viral on social media, Ammar Khan said: ¥There is 8 billion trillion cash circulating in Pakistan’s economy.
“Everything is done in cash in Pakistan. He’s boosting the formal economy by paying cash from the informal economy without paying taxes.Here’s the problem,” said the economist.
“Everything is done in cash in Pakistan. He’s boosting the formal economy by paying cash from the informal economy without paying taxes.Here’s the problem,” said the economist.
“When the system runs out of cash, the same cannot be used for productive purposes,” Khan said on the podcast.
“When the system runs out of cash, the same cannot be used for productive purposes,” Khan said on the podcast.
He asked why banks wouldn’t lend if they had no cash to lend. “In these cases ¥With $8 trillion back in the banks, there will be surplus funds available that can be redistributed.So what you need to do is disable monetization ¥It’s 5000 yen. ”
He asked why banks wouldn’t lend if they had no cash to lend. “In these cases ¥With $8 trillion back in the banks, there will be surplus funds available that can be redistributed.So what you need to do is disable monetization ¥It’s 5000 yen. ”
Meanwhile, the United States urged Pakistan to pursue stalled reforms demanded by the International Monetary Fund (IMF) and pledged technical assistance as the world’s fifth-most populous country weathers an economic crisis.
Meanwhile, the United States urged Pakistan to pursue stalled reforms demanded by the International Monetary Fund (IMF) and pledged technical assistance as the world’s fifth-most populous country weathers an economic crisis.
Pakistan signed a $6.5 billion bailout package with the International Monetary Fund in 2019, but less than half was released as the country changed terms.
Pakistan signed a $6.5 billion bailout package with the International Monetary Fund in 2019, but less than half was released as the country changed terms.
Elizabeth Horst, the senior State Department official in charge of Pakistan, said the reforms agreed by Pakistan and the IMF will not be easy, but that Pakistan has taken these actions to return the country to a sound financial base and avoid further debt burdens. “It’s important to grow,” he said. pakistan economy, AFPMore report.
Elizabeth Horst, the senior State Department official in charge of Pakistan, said the reforms agreed by Pakistan and the IMF will not be easy, but that Pakistan has taken these actions to return the country to a sound financial base and avoid further debt burdens. “It’s important to grow,” he said. pakistan economy, AFPMore report.
“The United States intends to continue to assist Pakistan through technical engagement and assistance, particularly in encouraging Pakistan to enact policies that promote an open, fair and transparent business environment,” she said. said in
“The United States intends to continue to assist Pakistan through technical engagement and assistance, particularly in encouraging Pakistan to enact policies that promote an open, fair and transparent business environment,” she said. said in
The International Monetary Fund wants Pakistan to strengthen its pitifully low tax base, end tax exemptions in the export sector, and raise artificially low petrol, electricity and gas prices to help low-income households. increase.
The International Monetary Fund wants Pakistan to strengthen its pitifully low tax base, end tax exemptions in the export sector, and raise artificially low petrol, electricity and gas prices to help low-income households. increase.
The United States has a complicated relationship with Pakistan, the largest contributor to the IMF, its partner during the Cold War, and the “war on terror” that maintains ties with the Taliban in Afghanistan.
The United States has a complicated relationship with Pakistan, the largest contributor to the IMF, its partner during the Cold War, and the “war on terror” that maintains ties with the Taliban in Afghanistan.
Earlier this month, Pakistan announced $1.3 billion in funding from two close partners, China and the United Arab Emirates.
Earlier this month, Pakistan announced $1.3 billion in funding from two close partners, China and the United Arab Emirates.
