Salman Hamid
512 posts

Salman Hamid
@salman_hamid
Dad, entrepreneur, CEO @GreenwichBell Changing the world of recruitment, one company at a time. RPO evangelist. Love family, friends and Lahore.
[email protected] Katılım Aralık 2009
922 Takip Edilen2.6K Takipçiler


@najam_ali For the understanding of a non-economist, what's the correlation between fiscal deficit and interest rate?
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If there is no IMF program then the govt should take the following measures immediately:
1. Give a dollar amnesty to allow Pakistanis to deposit their undocumented dollars in local FC accounts and give them decent interest on those balances.
2. Restructure all foreign debt by going for haircuts and tenor increase.
3. Reduce interest rates drastically (say 15%) as we know inflation has nothing to do with money demand (only demand coming is from the govt). This will in turn reduce govt’s fiscal deficit.
4. If the banks fail to lend at reduced rates, launch a scheme to directly place T bills with public. Let public withdraw deposits and buy T bills.
5. Demonetise, cancel 5000 and 1000 rupee notes.
6. Ban all non essential imports.
7. Take measures to reduce oil and gas imports even if it requires rationing.
8. Use moral suasion to renegotiate energy agreements with local producers for 5 years. No coercion.
9. Tax real estate at market rates.
10. Tax retail/wholesale traders and agriculture chain.
11. Get in to private-public partnerships in loss making SOEs. If not possible then close them and take employees in a pool.
12. Do away with useless ministries and regulatory agencies. Drastically reduce size of govt.
Let’s start living within our means.
These measures are easily enforceable.
@PakPMO
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@StormFiberPK (Lahore) I have lost the internet on both my StormFibre connections at once and the LOS indicator is blinking red. Can you please check?
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@M_Suharwardy The way you share the news (and your opinion thereon) is very entertaining which mellows down the bitterness of our politics. Best of luck with the new programme Mr Suharwardy!
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@KirmaniAsif @RajaAatif Straight. Simple. To the point. I hope he understands now!
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@usmanarshad63 @MoHU_En @HajjMedia @MuftishakoorJUI @CMShehbaz @HolyKaaba @HaramainInfo @geonews_urdu @PakStartup @Saudi_Gazette @SaudiNews50 اللہ تعالیٰ آپ کی عبادات کو قبول و مقبول فرمائیں اور آپکو آسانیوں کے ساتھ مکہ مکرمہ کی زیارت اور حج نصیب فرمائیں۔ آمین۔
دوران سفر ہم سب مسلمانوں کی زندگی، صحت، معیشت، فلاح و بہبود، امن و امان، یکجہتی، خوشحالی اور دن اسلام کی حمایت اور فروغ کے لیے خصوصی دعائیں کرتے رہیں۔
اردو

@saeedses @UNGeneva @antonioguterres That money is neither for debt servicing, nor to bridge the current account deficit. It's solely for rehabilitation of earthquake affectees and rebuilding of public infrastructure in earthquake hit areas and will be spent on project to project basis.
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As a Pakistani I am indebted to the international community for donating generously for floods rehabilitation in Pakistan at @UNGeneva. My special thanks to H.E @antonioguterres for raising Pakistan's climate case. #ResilientPakistan
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