Musadaq Zulqarnain

Love my homeland.. A well travelled concerned citizen who wants to see Pakistan as a moderate, tolerant & pluralistic country Retweets may/maynot b endorsements

[Musadaq Zulqarnain @MusadaqZ]

Shared my professional journey, mission of our company Interloop and my views about, businesses, amazing youth of our country & Pakistan in general - 4th edition of Leaders at LUMS.

Visit the link for complete session: https://t.co/o4PZa6TOFg

@Leadersatlums @LifeAtLUMS

[Musadaq Zulqarnain @MusadaqZ]

My views during meeting with the PM last evening:

1) I appreciated the macroeconomic stabilisation achieved over the last two years, largely supported by documented businesses and the salaried class through higher taxation. It is now time to reduce their burden & provide them relief.

2) Meaningful relief is only possible by bringing the undocumented economy into the tax net. With cash in circulation exceeding Rs 11 trillion and estimated tax evasion of Rs 4–5 trillion annually, digital monitoring and simplified tax laws could enable recovery of at least Rs 1–1.5 trillion.

3) High taxes and petroleum levies have heavily burdened ordinary citizens. Govt has to show political will and focus must now shift from taxing the documented sector to documenting the untaxed sector

4) I also proposed sending a small official team to Bangladesh and Vietnam to study and replicate their export promotion policies.

5) The upcoming budget will determine where capital flows. Investment naturally follows sectors where returns exceed the cost of capital. The government must decide whether it wants capital directed towards exports and industry or towards real estate and speculative activities.
@GovtofPakistan
@CMShehbaz
@MIshaqDar50
@Financegovpk
@betterpakistan
@BilalAKayani
@AliPervaiz450
@akleghari
@mincompk
@jam_kamal
@sifcpakistan
@81ShahbazRana
@AliKhizar
@shazbkhanzdaGEO
@ShahzadIqbalGEO

[Musadaq Zulqarnain @MusadaqZ]

My views during meeting with the PM last evening:

1) I appreciated the macroeconomic stabilisation achieved over the last two years, largely supported by documented businesses and the salaried class through higher taxation. It is now time to reduce their burden & provide them relief.

2) Meaningful relief is only possible by bringing the undocumented economy into the tax net. With cash in circulation exceeding Rs 11 trillion and estimated tax evasion of Rs 4–5 trillion annually, digital monitoring and simplified tax laws could enable recovery of at least Rs 1–1.5 trillion.

3) High taxes and petroleum levies have heavily burdened ordinary citizens. Govt has to show political will and focus must now shift from taxing the documented sector to documenting the untaxed sector

4) I also proposed sending a small official team to Bangladesh and Vietnam to study and replicate their export promotion policies.

5) The upcoming budget will determine where capital flows. Investment naturally follows sectors where returns exceed the cost of capital. The government must decide whether it wants capital directed towards exports and industry or towards real estate and speculative activities.
@GovtofPakistan
@CMShehbaz
@MIshaqDar50
@Financegovpk
@betterpakistan
@BilalAKayani
@AliPervaiz450
@akleghari
@mincompk
@jam_kamal
@sifcpakistan
@81ShahbazRana
@AliKhizar
@shazbkhanzdaGEO
@ShahzadIqbalGEO

[Musadaq Zulqarnain @MusadaqZ]

@bee_asks Bushra you should be happy for the free advice 😊

[NLinPakistan 🇳🇱 🇵🇰 @NLinPakistan]

A week full of connections and conversations!

Dominique Kühling, Director for Asia and Oceania at the Dutch Ministry of Foreign Affairs, visited Pakistan and met with government representatives, business leaders, and like-minded partners.

[Musadaq Zulqarnain @MusadaqZ]

The FY27 Budget will be more than a fiscal statement; it will be a policy document defining the govt's economic priorities. Will it encourage investment in productive, export-oriented sectors that create jobs and earn foreign exchange, or continue to favor speculative activities? Will it broaden the tax net and bring the undocumented economy into the system, or place an even greater burden on the documented sector and salaried class? Sustainable growth requires rewarding investment, productivity, exports, and formalization—not penalizing them.
@PakPMO
@CMShehbaz
@Financegovpk
@mincompk
@BilalAKayani
@AliPervaiz450

Budget FY27: Carrots fade https://t.co/JU1z9SalLw

[Musadaq Zulqarnain @MusadaqZ]

The FY27 Budget will be more than a fiscal statement; it will be a policy document defining the govt's economic priorities. Will it encourage investment in productive, export-oriented sectors that create jobs and earn foreign exchange, or continue to favor speculative activities? Will it broaden the tax net and bring the undocumented economy into the system, or place an even greater burden on the documented sector and salaried class? Sustainable growth requires rewarding investment, productivity, exports, and formalization—not penalizing them.
@PakPMO
@CMShehbaz
@Financegovpk
@mincompk
@BilalAKayani
@AliPervaiz450

Budget FY27: Carrots fade https://t.co/JU1z9SalLw

[Musadaq Zulqarnain @MusadaqZ]

Pakistan's largest export sector cannot be treated as yesterday's industry. The upcoming budget must define a clear long-term policy for apparel & value added Textiles, ensuring competitive taxation, affordable energy, duty-free inputs, efficient refunds, and support for investment. Exports, jobs, and economic growth depend on it.

Policymakers must stop treating textile as yesterday’s industry by @AliKhizar
https://t.co/pMDL6qVXRu

[Musadaq Zulqarnain @MusadaqZ]

US Defense Secretary Pete Hegseth said “true friendship” is growing between Washington and Pakistan as Islamabad helps to negotiate an end to the war in Iran https://t.co/SdQc8cgjlJ

[Aadil Nakhoda @EconomistAadil]

Essential, clarifying work by @AliHasanain. A lot to ponder.

📉 Pakistan has lost its share in global economy. The numbers tell the story better than any argument:

📊 Figure 1 : Pakistan in the global economy: Our share of world exports peaked at 0.172% in the early '90s and has drifted down to 0.12% today

🔻 FDI inward stock tells the same sad story, from a 0.195% high in 1997 to just 0.058% in 2024. We are shrinking on the world stage.

📊 Figure 2 : Pakistan vs Vietnam tariffs: In the late '90s we were near parity. Today Pakistan's applied tariffs are 7.11x Vietnam's, peaking at 7.72x in 2021

⚠️ Vietnam opened up & its exports exploded.

The link is hard to miss: our persistently high tariffs have likely played a key role in shrinking Pakistan's footprint on the global stage
🔻 We taxed our way out of world trade & investment. 🇵🇰

[Musadaq Zulqarnain @MusadaqZ]

Relief for the common citizen, salaried class, and industry requires difficult but necessary choices in the budget. Political will must be demonstrated by reducing PDL and rationalizing tax rates, while aggressively bringing retail, agri income, and real estate undervaluation into the tax net. Sustainable growth demands equitable taxation

[Musadaq Zulqarnain @MusadaqZ]

@AsimRiaz1978 Absolutely. Here we are just talking about the taxation etc.

[Musadaq Zulqarnain @MusadaqZ]

Relief for the common citizen, salaried class, and industry requires difficult but necessary choices in the budget. Political will must be demonstrated by reducing PDL and rationalizing tax rates, while aggressively bringing retail, agri income, and real estate undervaluation into the tax net. Sustainable growth demands equitable taxation

[ARY NEWS @ARYNEWSOFFICIAL]

ملکی معیشت کیلئے آنے والے 6 ماہ کیسے ہونگے؟؟ ڈاکٹر حفیظ پاشا کی خصوصی گفتگو

#ARYNews #Khabar

[Musadaq Zulqarnain @MusadaqZ]

Well said.

At the same time, it is important to remember that Qurbani is not merely a social act — it is an act of عبادت and obedience to Allah for those who have the means. It cannot simply be substituted by another good deed. One may absolutely increase charity, install water coolers, support education, or help communities alongside Qurbani — and perhaps by reducing other lifestyle expenses — but replacing a divinely ordained sacrifice with a personally preferred act misses the essence of the command itself

[Mian Mobeen Shafaat 🇵🇸🇵🇰 🍁 @mobeenshafaat]

I just don’t understand the idiots who want to install water coolers during Bakra Eid only and then have to post the pictures on socials just to pretend that they’re somehow superior to us! Do they realize how much even the middle class now values mutton in particular and how much the not so fortunate people are looking forward to having beef? Not only that but how much business this Eid creates for people from the impoverished areas? Ask the poor if they want to have water or meat and you’ll have your answer. I hate these lowlifes who just want to demean others and ragebait us on a joyous occasion.

[Musadaq Zulqarnain @MusadaqZ]

Eid ul Azha reminds us of the timeless values of sacrifice, compassion & humility. I extend my heartfelt wishes to everyone observing Eid around the world. I also pray for lasting peace, stability, and prosperity across the world — particularly for Pakistan.

Eid ul Azha Mubarak.

[Musadaq Zulqarnain @MusadaqZ]

Eid ul Azha reminds us of the timeless values of sacrifice, compassion & humility. I extend my heartfelt wishes to everyone observing Eid around the world. I also pray for lasting peace, stability, and prosperity across the world — particularly for Pakistan.

Eid ul Azha Mubarak.

[Musadaq Zulqarnain @MusadaqZ]

Xi hails 'unbreakable' Pakistan ties, praises Iran peace efforts https://t.co/UiSBJydq1e

[Musadaq Zulqarnain @MusadaqZ]

The war in the Gulf may push Pakistan back into the red, writes @shuli_ren. So why are investors piling into its market? https://t.co/Vvn6BXaYb4

[Musadaq Zulqarnain @MusadaqZ]

Words and dialogue backed by conviction may take longer than guns, but they remain the only path to lasting peace, humanity, and a future built on understanding rather than fear and destruction.

[Musadaq Zulqarnain @MusadaqZ]

Hopeful to see meaningful progress toward peace between the USA and Iran. Appreciating the constructive role played by Pakistan’s leadership — PM Shehbaz Sharif and Field Marshal Syed Asim Munir — for their persistent diplomatic efforts, regional outreach, and commitment to dialogue despite many challenges. Peace remains the only sustainable path forward.
@CMShehbaz
@realDonaldTrump
@PakPMO

[Musadaq Zulqarnain @MusadaqZ]

Deeply saddened and outraged by the cowardly terrorist attack in Quetta that claimed precious innocent lives. Such heinous acts against humanity can never weaken our collective resolve against terror.

Our hearts & prayers go out to the victims, injured, and their grieving families during this painful time

https://t.co/3VW85vRYgB