Dear @CMShehbaz & @MaryamNSharif ; give usman teacher the sitara , hilal or tamgha this time. He has changed the landscape of water preservation in Islamabad / Rawalpindi. He deserves it much more then regular babus & socialites doing nothing solid. There are only handful people doing the war against climate change in Pakistan.
People are criticizing the IT & Telecom Minister for lacking relevant experience while, in the same breath, criticizing the Federal Secretary who brings decades of telecom sector experience.
Government is about to privatise 3 DISCOS. My take on this matter:
1- Break each DISCO into at least 3 smaller DISCOs so more competition & more competence is encouraged
2-People who already had acquired public entities in past should be banned from bidding.
Don’t create Czars
- Open a VPS account. Keep allocation at 100% equity, and grow wealth tax free. Get tax credit on salary. Contribute every month
- Avoid direct investment in PSX, unless ETFs. You will not be able to handle volatility, and information asymmetry
- Keep a Savings Account -- if a bank says it cannot be done, push harder
- Keep surplus cash in a Money market fund
- Do not buy a plot. High chance you will lose it all
- Do not invest in apartment project. High chance it will be stranded, and you will lose it all
- Target buying an average of 1 gram of physical gold every month (you can buy every quarter or whatever) -- regardless of price. Do not buy silver, or copper, etc. - unless you manufacture fans for a living
- Max out any available government housing scheme loans; this is the only property you should buy
- Keep renting; this is the most economically efficient decision
- Do not buy anything offered by bancassurance or that says life insurance savings plan. Run for the exit. Block their numbers.
- Do not invest with family.
Calling this “tax evasion” is misleading. It’s legal tax avoidance driven by very high tax rates for salaried class. IT firms either lose talent abroad or find ways to keep take-home pay competitive. The real issue is flawed tax policy, not the people responding to it.
Is Pakistan’s “freelancer revolution” a lie built on tax evasion? https://t.co/6dbA6LVWh8 via @ePakistanToday