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Najma Minhas 3/3 Parents/ public interests are highly compromised and ignored in the new peira model that has just there to promote vested interests of cartels instead regulating them.

1/3 That’s a propaganda. not true, peira is closing the cases with misleading information and without any actions to resolve the issue as per their mandate. Imran Khan DG ISPR Shafqat Mahmood PakistaniWalidain Mubasher Lucman

2/2 Not a single action by peira for implementing fee determination in line with SC /IHC orders & covid fee relief. Misleading information on their website contrary to provisions of peira act. Imran Khan DG ISPR Shafqat Mahmood Mubasher Lucman Adil Shahzeb

3/3 Parents/ public interests are highly compromised and ignored in the new peira model that is just there to promote vested interests of cartels instead regulating them. Imran Khan DG ISPR Dr. Arif Alvi Shafqat Mahmood Adil Shahzeb Mubasher Lucman

I am putting here a recently published article that many could not access due to the paywall. Pakistan is facing a multi-dimensional crisis, probably the worst since 1971 when it broke up after the Bangladesh war. 1/n

to prevent the looming default as Pakistan’s foreign exchange reserves plunged to a nine-year low to just $4.3 billion, a level not enough to pay even one month of imports. Pakistan depends heavily on imports. 3/n

Economic commentators generally describe Pak’s troubles in terms of its chronic twin deficits: recurring current account deficits & fiscal deficits. Its number 1 issue is the intellectual bankruptcy & short-sightedness of its military,political, business, & land owing elites. 5/n

compared to many developing countries, notably India and Bangladesh. 25 years ago, Pakistan’s GDP per capita was 46% higher than India’s, now it is 20% less. What went wrong? There is little recognition in Pakistan that as globalization swept across the world after the fall 7/n

as an instance of “breaking the chains of slavery”, Pakistan finds itself diplomatically isolated with little leverage even with Afghanistan. 10/n

Military spending is among the top ten globally, in terms of % of the GDP. Its tax to GDP ratio of around 9% is among the lowest in the world. It has to borrow more every year because there is no money left in the budget to spend on development after servicing debts ...11/n

& military spending. According to a United Nations Development Program (UNDP) report, the military establishment owns the largest conglomerate of business entities in Pakistan, besides being the country’s biggest urban real estate developer and manager, with wide-ranging 12/n

involvement in the construction of public projects. Some political activists call Pakistan “plotistan” alluding to the fact that buying and selling plots of land is the most lucrative business in Pakistan due to an extremely favorable tax regime. 13/n

Malik Riaz is a microcosm of Pakistan’s real political economy where all the state institutions and major political actors act in concert to protect their class and corporate interests. 14/n

How do people manage? Pakistan’s poorest 20% struggle to survive. According to a United Nation Development Program report, the “poorest 20% of Pakistanis fall in the low human development category, with a Human Development Index (HDI) value of just 0.419. 15/n

This is below Ethiopia’s HDI value and comparable to that of Chad, which ranks 186th of 189 countries in the global HDI ranking.” Large numbers of lower income and middle class Pakistanis are able to make ends meet due to the generosity of their relatives abroad. 16/n

In 2021, remittances from overseas Pakistanis accounted for 12.6% of the GDP, compared to 6.5% of Bangladesh and just 3% in India. It is not surprising, therefore, that 90% of Pakistan’s economy is driven by consumption with chronically low savings and investment levels. 17/n

Can Pakistan continue to live off foreign aid and workers’ remittance without reforming the economy? Pakistan’s elites were never under so much pressure to answer this question as they are now. 18/18

PMLN supporters think that their real leader is not Maryam but great Nawaz Sharif so I offer a new poll; Who in your opinion is most popular leader of Pakistan?