Bilal's Blog

It is really heartening to see Pakistan got the huge deal signed with Russia, which open opportunities for Pakistan. It will not only impact the industrial growth, but will provide the support to level the electricity production, gas to houses. This will reduce the import bill of petroleum, till the oil city dream of government becomes reality. However the completion of both project oil city in Baluchistan and Pakistan Russia pipeline will be almost more or less same. The agreement with Russia is signed where oil city project inking will be decided during Saudi Arabian delegation arrival in October 2018. But the current situation will remain the same till these things mature. Here one should not ignore that the current Government has either good or bad credibility history at this point of time. There is no doubt of cricketer Imran Khan but the Government is not all about one person. The credibility of the Government will be of all ministers, bureaucrats, advisers not only Imr...

It is really heartening to see Pakistan got the huge deal signed with Russia, which open opportunities for Pakistan. It will not only impact the industrial growth, but will provide the support to level the electricity production, gas to houses. This will reduce the import bill of petroleum, till the oil city dream of government becomes reality. However the completion of both project oil city in Balochistan and Pakistan Russia pipeline will be almost more or less same. The agreement with Russia is signed where oil city project inking will be decided during Saudi Arabian delegation arrival in October 2018. But the current situation will remain the same till these things mature. Here one should not ignore that the current Government has either good or bad credibility history at this point of time. There is no doubt of cricketer Imran Khan but the Government is not all about one person. The credibility of the Government will be of all ministers, bureaucrats, advisers not only ...

Introduction Every person in the Country agrees we are in financial crisis. The Government not so strong based on coalition support. Stronger numbers in federal and provinces could have made it easier for the Government to encounter the basic issues more easily. The Government will be supplementing its numbers by issuing Ordinance instead of passing legislation through parliament. The Government is taking bold emergency steps to track down the capital, money laundered to overseas, it is highly commendable. But we have to realize the legislation and efforts require completing it. The Government will be dependent on other countries for Mutual Legal Assistance (MLA) and bilateral agreements for extradition, repatriation. It will take time to do all. The short term initiatives for Domestic Financial Governance (DFG) should also be prioritized to get the going along with efforts for Money Laundered. This will show immediate impact, Government funding crisis will replace venti...

There is a long list of items where we can work and give boost to the trade deficit recovery. To start with Steel imports where the FBR collected more than Rs65 to Rs 70 billion, contribution from 11 million tons to 12.5 million tons of steel iron imports. The Government of Pakistan has to turn towards the steel industry with special emphasis on revamping Pakistan Steel Mills to restore and enhance its production capability. Currently it has 2.2 million tons production capacity, which is peanuts contribution to national demand of steel supply. The Government should plan and implement policies, strategy to steel industry. Another major outflow of foreign exchange is import of generators which was on increase in 2016 and 2017, amounting to Rs 282 billion Now with beginning of last quarter of calendar year the Oil prices are expected to go up to $100 per barrel. Since USA sanctions against Iran is pushing pressure on Oil prices. Iran is third largest Oil producer, around 2 million...

The very sound of auctioning the vehicles fleet at PM housing was like music. The Governments estimates of revenue generation through this auction initially seemed on a very high side. Even during discussion within my circle mostly Imran Khan Fans I was reprimanded for my opinion. I still feel the proceeds milestone cannot be achieved, I have couple of reasons to prove it, until and unless the true patriot willing to buy them on Government’s expectations.  The buyers inspecting cars and mostly interviewed by private channels are the big fish of automobile dealers. They are addict of buying automobiles are imported through red channels by evading duties, taxes etc.  If we take example of Mercedes cars put up for auction older than 2006 model, the duty and taxes displayed around Rs. 3.9 million, where the later models of 2006 and 2007 SE edition of the same make is available in Rs. 2.5 million to Rs. 3.0 million to these dealers/buyers. So at auction the cost of vehicles will b...

Pakistani economy is in need of lifesaving steps to get going the almost empty treasury of Pakistan; taken over by new Government has been great concern general public. The pressure of FATF, corruption and money laundering, minimum tax payers and inept exports everything contributing. The immediate challenge is revenue enhancing to ease the pressure on Government treasury to meet the expenses for the new Government. PM Khan started off with austerity drive, cutting off discretionary fund of PM and MNAs. According to Government official it is about PKR 80 billion rupees. Not bad to start with, plus monthly expenditure of Prime Minister House which is approximately 2 billion rupees per year. Furthermore, the Governor houses and other royal places type buildings are being decided to utilize in other revenue generation purposes to avoid extra burden on national exchequer. It all sounds great for a new Government in its initial 20 odd days start. However, the Government has...

Ailing Pakistani economy has been great concern for everyone. The pressure of FATF, corruption and money laundering, minimum tax payers and inept exports every thing contributing. The immediate challenge is balance of payment and repayment of foreign loans for the new Government of Prime Minister Imran Khan. PM Khan started off with austerity drive, cutting off discretionary fund of PM and MNAs. According to Government official it is about PKR 80 billion rupees. Not bad to start with, plus monthly expenditure of Prime Minister House which is approximately 2 billion rupees per year. It all sounds great for a new Government in its initial 20 odd days start. However, the Government has huge ask to address the corruption, money laundering, expanding tax payers these issues cannot be controlled on the existing out of date systems in place. The Government has to implement latest technology to counter these issues. The developed and developing countries are implementing Business...