Pakistan General Elections 2024

[RealNapster]

NA-47 Tank, PTI won

 

[Olympus81]

Tide turning? Too early to tell?

 

[Bilal]

Tide turning? Too early to tell?

How?

 

[Olympus81]

Some seats being awarded to PTI.

 

[FuturePAF]

President regrets expulsion of ‘competent people’ from politics​

Dr Alvi attributes closure of social media in Pakistan to deficiency in intellectual capacity to handle criticism

APP
February 19, 2024

President Dr Arif Alvi addressing the third edition of Hosting Business Net 2024, a platform to promote financial inclusion and digital transformation at Aiwan-e-Sadr, Islamabad on February 19, 2024. PHOTO: APP

ISLAMABAD: President Dr Arif Alvi expressed his regret on Monday regarding the expulsion of "competent people" from politics, emphasising the necessity to uphold respect for public mandate and ensure political inclusion.

Addressing the third edition of Hosting Business Net 2024, a platform aimed at promoting financial inclusion and digital transformation whilst acknowledging the contributions of companies within this sector, the president highlighted the integral link between financial inclusion and political participation.

"Financial inclusion is unattainable without the political engagement of the populace, Alvi remarked. He commended the confidence exhibited by millions of young voters in the democratic process.

Emphasising the importance of respecting mandates, the president attributed the closure of social media websites in Pakistan to a deficiency in intellectual capacity to handle criticism. "It is regrettable that competent people are being ousted from the political arena,” he lamented.

Now is also the time for the PTI to seek the best versed and most competent economists to figure out what kind of shock therapy can get Pakistan back on track, over the course of the next 5-10 years. Getting a real economic plan in hand, will convince global investors that REAL change is coming, and that the PTI is not just different faces with the same policies of debt based spending.

Convincing global investors and rating agencies is one way of swaying international opinion to your side. Investors love a chance at a high growth emerging market, including yours truly.

Some things we already know, cut government spending such as the subsidies to industrialists, raise taxes on unproductive capital such as property taxes, maintain good relations with the west to help refinance the debt to lower interests payments, attract FDI to utilize the excess electricity and grow out of the electricity problems, seek a cheap loan from the diaspora in the form of bonds to help building out the industries and social services that will end the electricity price problem and long term growth problem; education and agricultural modernization.

Listen to the last few minutes of the following video from 19:45 forward, where WSJ interviewed the Wall Street Journal’s Sadanand Dhume. This is why we need to bring in Atif Mian as finance minister. He has some policy recommendations but he also signals that economics is the top priority, as Pakistan will prioritize his merit over his faith. Pakistan needs a Deng Xioping at this moment, IK, needs to step into this role more so then any other to right the ship of state.

Do just that change, of appointing Atif Mian, and right out the gate, IK will get good stories in the pages of the WSJ by Dhume. That will change rating agencies opinions and potentially lower borrowing costs. Signals of real change matter.

 

[newb3e]

President regrets expulsion of ‘competent people’ from politics​

Dr Alvi attributes closure of social media in Pakistan to deficiency in intellectual capacity to handle criticism

APP
February 19, 2024

President Dr Arif Alvi addressing the third edition of Hosting Business Net 2024, a platform to promote financial inclusion and digital transformation at Aiwan-e-Sadr, Islamabad on February 19, 2024. PHOTO: APP

ISLAMABAD: President Dr Arif Alvi expressed his regret on Monday regarding the expulsion of "competent people" from politics, emphasising the necessity to uphold respect for public mandate and ensure political inclusion.

Addressing the third edition of Hosting Business Net 2024, a platform aimed at promoting financial inclusion and digital transformation whilst acknowledging the contributions of companies within this sector, the president highlighted the integral link between financial inclusion and political participation.

"Financial inclusion is unattainable without the political engagement of the populace, Alvi remarked. He commended the confidence exhibited by millions of young voters in the democratic process.

Emphasising the importance of respecting mandates, the president attributed the closure of social media websites in Pakistan to a deficiency in intellectual capacity to handle criticism. "It is regrettable that competent people are being ousted from the political arena,” he lamented.

zardari,nawaz,maryam,qadir patel,murad saeed etc are competent according to Alpha mafia boss the king of Pakistan

 

[FuturePAF]

China has always provided phull sapport to the establishment. It is only places like the US, which IK claims conspired to topple his government , that are talking against the rigging .

China values stability amongst its partners because honestly it doesn’t think places like Pakistan are willing to make sacrifices to bring about real change. If Pakistan were to ACTUALLY want to carry out real change, the Chinese would be all in, once they knew it wasn’t another false start again.

Pakistan needs the kind of political discipline of ASEAN nations and Chinese investors would be flocking to Pakistan for decent ROI. Investment not loans. China has excess capacity and slumping demand, it would want a share of the local market. This is the re-industrialization that Pakistan needs, aka CPEC phase 2. If the world sees Chinese firms investing in SEZs, not just giving loans, it will create a virtuous cycle for other investment, especially because here will have to be laws in place to protect investment.

Since 2020, ASEAN and China have been each other’s largest trading partner. Additionally, China's investments in ASEAN surged in 2022 to $15.4 billion, up markedly from the $9 billion invested in 2019 prior to the pandemic.

Source: https://asiasociety.org/policy-institute/balancing-act-assessing-chinas-growing-economic-influence-asean#:~:text=Since 2020, ASEAN and China,2019 prior to the pandemic.

 

[kambhakt]

Now is also the time for the PTI to seek the best versed and most competent economists to figure out what kind of shock therapy can get Pakistan back on track, over the course of the next 5-10 years. Getting a real economic plan in hand, will convince global investors that REAL change is coming, and that the PTI is not just different faces with the same policies of debt based spending.

Convincing global investors and rating agencies is one way of swaying international opinion to your side. Investors love a chance at a high growth emerging market, including yours truly.

Some things we already know, cut government spending such as the subsidies to industrialists, raise taxes on unproductive capital such as property taxes, maintain good relations with the west to help refinance the debt to lower interests payments, attract FDI to utilize the excess electricity and grow out of the electricity problems, seek a cheap loan from the diaspora in the form of bonds to help building out the industries and social services that will end the electricity price problem and long term growth problem; education and agricultural modernization.

Listen to the last few minutes of the following video from 19:45 forward, where WSJ interviewed the Wall Street Journal’s Sadanand Dhume. This is why we need to bring in Atif Mian as finance minister. He has some policy recommendations but he also signals that economics is the top priority, as Pakistan will prioritize his merit over his faith. Pakistan needs a Deng Xioping at this moment, IK, needs to step into this role more so then any other to right the ship of state.

Do just that change, of appointing Atif Mian, and right out the gate, IK will get good stories in the pages of the WSJ by Dhume. That will change rating agencies opinions and potentially lower borrowing costs. Signals of real change matter.

Second time today I am generally agreeing with what you say.

As far as excess electricity is concerned, the best way is to sell it to India (tauba, tauba) till you can consume it yourself. None of your other neighbours will want it.

 

[FuturePAF]

Second time today I am generally agreeing with what you say.

As far as excess electricity is concerned, the best way is to sell it to India (tauba, tauba) till you can consume it yourself. None of your other neighbours will want it.

India won’t want to buy it at the high prices we are producing them at. In 2027-2028 the hydroelectric dams are expected to be completed and the price should come down, so we need a plan to bridge the gap for the next 5 years, not bake in Indian consumption.

It’s not because it’s India, ok it’s a little bit because it’s India, but it’s because there are places that could be electrified and could use up that excess capacity in the interim.

Firstly we need to spend on expanding the grid so that those that consume oil/gas off grid and at subsidized prices have a electric grid alternative, at least at the same price, then incentivize them to switch as oil/gas prices are raised to real costs (without any subsidies). Then get those that can afford it to switch from gas only appliances and vehicles to hybrid system, to be able to use either oil/gas or electricity depending on the price. Find where ever the cost of living or ability to do business is concerned and electing it, such as cold storage for food or public transportation, such as local and intercity buses.

One big thing that MUST be done is incentivize SMEs over large industrial companies, as in Poland since the 90s. Building a Mittlestand as in German, making the things that go inside the things that go inside the things; I.e. ToT of key tech to do import substitution of regularly used items and spreading the factories around the country. It employ more people and spreads economic activity more evenly around the country, creating a multiplier effect.

Secondly, SMEs speed up competition and have the most efficient companies rise to the top. SMEs in agriculture can lead electrification efforts there and Pooh Pooh the off grid solar power tube wells for grid power, and then other things as the farms become more productive.

More investment in education using up electricity (better school buildings, modern facilities, including late night literacy schools, in shifts) can also help create an even better trained labor force that can work in the country with foreign firms but also can go abroad, as the Saudis and other GCC look for labor, with their big economic visions over the next 10 years, increasing remittances.

Electricity can be used to power water treatment plants that will improve health outcomes, and in a round about way lower infant mortality that will convince people to have less kids because more survive into adulthood.

With efficient urban planning, decent apartment buildings people would be willing to live in, we can use up a lot of electrify accommodating population growth in a way that doesn’t require a car or even rickshaw for most people (as public transportation would be ubiquitous) and actually helps spur on economic growth through a more density; looking like Masdar city in the UAE.

Pakistan has the size and density of population to make these investments worth it.

So we need the electricity to catch up on social indicators even more so than economic outputs, wouldn’t you agree? We already paying for the bloody electricity, might as well find a way to improve people’s lives ASAP, so they see the benefit of the pain they are asked to endure in the interim. Also getting everyone busy in employment (such as many more teachers) will circulate money in the economy, services, and help lower the average cost of consumption.

Coming back to the elections, the people don’t feel the current system provides for the many, it doesn’t allow for inclusive growth.

 

[Fatman17]

Some seats being awarded to PTI.

They need to award 180

 

[Fatman17]

 

[FuturePAF]

They need to award 180

Yes we need a party with a 2/3 mandate to actually change everything top to bottom, especially economically.

 

[RealNapster]

Some seats being awarded to PTI.

Excuse me, awarded ???

 

[FuturePAF]

Excuse me, awarded ???

It should probably say conceded to the rightful winner, the PTI candidate,…

 

[Olympus81]

Excuse me, awarded ???

Considering mil establishment rules over Pakistan.

But, you are right, conceded is the right word.