NAEEM MALIK نعیم ملک

2010

ISLAMABAD TONIGHT

Filed under: Naeem Malik — naeemmalik @ 8:47 am

ISLAMABAD TONIGHT
Inflation to Maintain Double-Digit Growth

IslamabadTonight7dec2010.jpg IslamabadTonight7dec2010.jpgIslamabadTonight7dec2010.jpg

http://www.awaztoday.com/playvideo.asp?pageId=11995

http://www.friendskorner.com/forum/f247/video-islamabad-tonight-7th-december-2010-a-210274/

Islamabad Tonight 7th December 2010

http://www.zemtv.com/2010/12/07/islamabad-tonight-7th-december-2010-governor-state-bank-of-pakistan/

http://pakistanherald.com/Program/Islamabad-Tonight-December-07-2010-Nadeem-Malik-5691

Facebook Twitter.com

ISLAMABAD TONIGHT

GUEST: SHAHID HAFIZ KARDAR

GOVERNOR STATE BANK OF PAKISTAN

Governor state bank of Pakistan was the only guest in Islamabad Tonight with Nadeem Malik. It was first interview of Shahid Kardar after his appointment as governor of state bank of Pakistan. He spoke candidly on Pakistan’s economic situation.

Kardar said that government is giving Rs-21 billion subsidy to power sector every month. He said the rate of inflation is likely to remain in the double-digit in the short-term.

Kardar emphasized the need to cut government expenditures. He said it is another way to reduce budget deficit, if revenues are not showing robust growth. He said that the cotton prices and bumper wheat harvest is likely to pump in additional reosurce sto the rural economy.

Kardar said high-interest rate environment has resulted in higher Non Performing Loans (NPLs), which totalled Rs 492 billion till October 2010. In order to narrow down spreads between the lending and deposit rates, he said, the central bank is going to allow direct investment by Pakistanis in the T-bills. This step, he said, is likely to force the banking sector to compete with each other to mobilize deposits.

Regarding loan for commodity opertaions, he said a huge amount of Rs 284 billion was borrowed for wheat procurement alone, and now a large quantity of the wheat stock is under the open sky, totally on the mercy of the weather, as storage facilities are limited.

He said it is a misconception that a miracle will happen to correct our economic ills. Kardar mainatins: “we got to be realistic and every body has to sacrifice for the country.”

Kardar said the rate of property tax is very nominal and its collection mechanism is poor. He supported introduction of Wealth Tax and appreciated efforts to introduce VAT type General Sales Tax (GST). He said 35 to 40 percent of the economy is not in the tax net.

Kardar was optimistic about the performance of exports from Pakistan on the back of higher value returns from the textile sector. This, he said, coupled with robust flow of remittances from overseas Pakistanis could help reduce current account deficit of the country. The flow of FDI has registered a decline during last two years from its peak of $8.4 billion.

GDP growth rate, according to the central bank estiamtes, is likely to remain around 2.5 percent during 2010-11. The budget deficit, Kardar said, is liekly to higher than the target of 4.7 percent of GDP, largely due to additional flood-related expenditures and security requirements.

Underscoring the need of fiscal discipline, he urged the central government to reduce its reliance on borrowing from the central bank for deficit financing. This, he said, would free up reosurces for the private sector. He made it clear that the SBP would not approve even single penny mor ethan the prescribed limited for the provincial governments.

NADEEM MALIK

NADEEM MALIK مستقبل قریب میں افراط زر کی شرح ڈبل فگر میں ہی رہے گی-

حکومت اپنے اخراجات کم کرے وہ ایسا نہ کر کے زیادتی کر رہی ہے-

پچھلے ماہ بنکوں کے نان پرفارمنگ لونز کا حجم چار سو بانوے ارب روپے تھا-

عام آدمی کو ٹی بلز میں براہ راست سرمایہ کاری کی اجازت دے رہے ہیں-

پاکستانی بنک اسوقت سب سے زیادہ قرضے حکومت کو دے رہے ہیں-

حکومت پر صرف گندم کی خریداری کا دو سو چوراسی ارب روپے کا قرض ہے-

ملکی معیشت کا پینتیس سے چالیس فیصد تک ٹ

See More
safe_image.php?d=4093e50e1ef61bdc62dca93a3682d1d4&w=90&h=90&url=http%3A%2F%2Fwww.awaz.tv%2Fvideo_store%2FIslamabadTonight7dec2010.jpg

Islamabad Tonight 7th December 2010
www.awaztoday.com
Watch Islamabad Tonight 7th December 2010 | Shahid Hafeez Qadir in fresh episode of Islamabad Tonight in AAJ Tv & discusses current issue with Nadeem Malik.

Comment · View Feedback (36)Hide Feedback (36) · Share · Promote

NADEEM MALIK

NADEEM MALIK

safe_image.php?d=4093e50e1ef61bdc62dca93a3682d1d4&w=90&h=90&url=http%3A%2F%2Fwww.awaz.tv%2Fvideo_store%2FIslamabadTonight7dec2010.jpg

Islamabad Tonight 7th December 2010
www.awaztoday.com
Watch Islamabad Tonight 7th December 2010 | Shahid Hafeez Qadir in fresh episode of Islamabad Tonight in AAJ Tv & discusses current issue with Nadeem Malik.

Comment · View Feedback (8)Hide Feedback (8) · Share · Promote

NADEEM MALIK

NADEEM MALIK Inflation to Maintain Double-Digit Growth
35-40 of the economy remains out of the tax net
Wealth Tax and Taxes on Real Estate should be considered
Value Added Tax is a good and modern system of taxation
Federal Government must reduce expenditures
Heavy borrowing for budget support crowd out private sector
Debt levels rising fast

See More · Comment · View Feedback (23)Hide Feedback (23) · Promote

NADEEM MALIK

NADEEM MALIK How Taxpayers’ Hard Earned Money Goes Down The Drain
* Rs 21 bln a month Electricity Subsidy
* Rs 284 bln for Wheat Procurement
* Rs 300 bln for Public Sector Enterprises
* Rs 2.6 Trillion (FY08-10) for Deficit Financing
…* Rs 492 bln Non Performing Loans
www.nadeemmalik.pk

See More Comment · View Feedback (53)Hide Feedback (53) · Promote

NADEEM MALIK

NADEEM MALIK Shahid Hafiz Kardar, Governor, State Bank of Pakistan, in Islamabad Tonight with Nadeem Malik

safe_image.php?d=5f9efac2af2e6a44b51df9b386d6b205&w=90&h=90&url=http%3A%2F%2Fimg574.imageshack.us%2Fimg574%2F2346%2F29271089.jpg

Islamabad Tonight – 7th december 2010 – Governor State Bank of Pakistan
www.zemtv.com

· Comment · View Feedback (37)Hide Feedback (37) · Share · Promote

NADEEM MALIK

NADEEM MALIK Shahid Hafiz Kardar, Governor, State Bank of Pakistan, in Islamabad Tonight with Nadeem Malik

safe_image.php?d=ddabc320bb17f6b71feb8f57830a27e5&w=90&h=90&url=http%3A%2F%2Fwww.friendskorner.com%2Fforum%2Fimages%2Fcategory%2Fisbtonight.jpg

Video Islamabad Tonight 7th December 2010
www.friendskorner.com
Shahid Hafiz Kardar, Governor, State Bank of Pakistan, in Islamabad Tonight with Nadeem Malik

Comment · View Feedback (31)Hide Feedback (31) · Share · Promote

NADEEM MALIK

NADEEM MALIK created an event.

161940_175656052463797_5212950_q.jpg

Shahid Hafiz Kardar Governor SBP in Islamabad Tonight
Yesterday at 8:00pm
Islamabad Tonight, AAJ TV www.nadeemmalik.pk

Comment · View Feedback (35)Hide Feedback (35) · Share

Inflation to Maintain Double-Digit Growth

IslamabadTonight7dec2010.jpg IslamabadTonight7dec2010.jpgIslamabadTonight7dec2010.jpg

Islamabad Tonight – 7th December 2010
Shahid Hafiz Kardar, Governor State Bank of Pakistan in Islamabad Tonight with Nadeem Malik

35-40 of the economy remains out of the tax net
Wealth Tax and Taxes on Real Estate should be considered
Value Added Tax is a good and modern system of taxation
Federal Government must reduce expenditures
Heavy borrowing for budget support crowd out private sector
Debt levels rising fast

http://www.awaztoday.com/playvideo.asp?pageId=11995

http://www.friendskorner.com/forum/f247/video-islamabad-tonight-7th-december-2010-a-210274/

Islamabad Tonight 7th December 2010

http://www.zemtv.com/2010/12/07/islamabad-tonight-7th-december-2010-governor-state-bank-of-pakistan/

How Taxpayers’ Hard Earned Money Goes Down The Drain

* Rs 21 bln a month Electricity Subsidy

* Rs 284 bln for Wheat Procurement

* Rs 300 bln for Public Sector Enterprises

* Rs 2.6 Trillion (FY08-10) for Deficit Financing

* Rs 492 bln Non Performing Loans

www.nadeemmalik.pk

حکومت بجلی پر ہر مہینے اکیس ارب روپے کی سبسڈی دے رہی ہے-شاہد حفیظ کاردار

شرح سود بڑھانے کے باوجود افراط زر بہت زیادہ ہے-

مستقبل قریب میں افراط زر کی شرح ڈبل فگر میں ہی رہے گی-

حکومت اپنے اخراجات کم کرے وہ ایسا نہ کر کے زیادتی کر رہی ہے-

کپاس اور دوسری فصلیں کافی اچھی ہیں دیہات میں کافی پیسہ آئے گا-

کپاس کی قیمتوں میں تین گنا اضافہ ہو چکا ہے-

پچھلے ماہ بنکوں کے نان پرفارمنگ لونز کا حجم چار سو بانوے ارب روپے تھا-

عام آدمی کو ٹی بلز میں براہ راست سرمایہ کاری کی اجازت دے رہے ہیں-

پاکستانی بنک اسوقت سب سے زیادہ قرضے حکومت کو دے رہے ہیں-

حکومت پر صرف گندم کی خریداری کا دو سو چوراسی ارب روپے کا قرض ہے-

حکومت کی خریدی ہوئی اربوں روپے کی گندم کھلے آسمان کے نیچے پڑی ہے-

ہم غلط فہمی کا شکار ہیں کہ کوئی سفید گھوڑے پر آ کر چھڑی گھمائے گا اور سب کچھ ٹھیک ہو جائے گا-

ترقی کی رفتار تیز کرنے کے لیے سب کو قربانی دینے کی ضرورت ہے-

پراپرٹی ٹیکس نہ ہونے کے برابر ہے یہ لگنا چاہیے-

ملکی معیشت کا پینتیس سے چالیس فیصد تک ٹیکس نیٹ میں شامل نہیں ہے-

برآمدات اچھی توقعات ہیں امید ہے آئی ایم ایف سے قرض نہیں لینا پڑے گا-

اس سال پاکستان کی شرح ترقی دو اعشاریہ پانچ فیصد تک رہنے کا امکان ہے-

بجٹ میں خسارے کی شرح حکومت کے اندازہ چار اعشاریہ سات فیصد سے زیادہ رہے گی-

صوبائی حکومتوں کو اوورڈرافٹ کی لمٹ سے ایک پیسہ بھی زیادہ نہیں ملے گا-

مجھ پر حکومت یا وزیر خزانہ کا کوئی دباو نہیں ہے-

Advertisements

%d bloggers like this: