syedfaisal

December 17, 2010

Tax Culture or Manorialism?

Filed under: Economy, politics, thoughts — Tags: , , , , , , — syedfaisal @ 7:01 pm

Before the concepts of agrarian and market economies, ancient societies especially the Roman Empire used to have a system based on Manorialism. In that society ruling elite comprising mostly of feudal elite and others used to control the land resources of the state through their political and military influence. The ruling elite support their finances and lifestyle by collecting obligatory contributions from the peasants and slave population under their jurisdiction. The contributions were in the form of coins, mandatory labor or even in the form of usable items and kinds. The dependent in return only used to get the right of living, earning just enough to live and a false sense of security.

The way situation in Pakistan is going, it seems we are moving very fast in backward direction of time to the point where Manorialism was at its peak and few lords used to enjoy enormous economic and ruling power. Recent debate on imposing new taxes or increasing the percentages of the old one to serve the expenses and corruption of our ruling elite is a good example of this.

The reality of our situation is that few classes of our people are working like bonded labour to pay most of the taxes so that they can ensure their living and also serve the ruling classes of the state. The Tax to GDP ratio debate and the methods which are devised to increase it in order to bring it to so called international standards seems to be leading a common salary class person in a position where he will only be able to serve the ruling elite with his hard work and his own survival will be just enough to keep him available for work.

Read complete :  http://infocrats.org/mag/2010/12/economy/tax-culture-or-manorialism/

September 21, 2010

Flood : Task is huge but not impossible

Recent floods in Pakistan are considered to be the worst natural disaster of modern history which has affected more than 20 million people in Pakistan, costing billions of dollars of losses and taking lives of thousands. Economic loss is estimated to be around 15 billion dollars by non-government sources but according to Prime Minister Gillani the loss is over 40 billion dollars.

Rescue and relief efforts are being done with major contribution from local and international charities. Government and its institutions again seem to be lagging behind the required pace of effort.

Read complete : Flood : Task is huge but not impossible

August 19, 2010

Rise as the time calls for it and help your brothers in these hard moments.

Filed under: Economy, life — Tags: , , , , , , , , , , , , , , — syedfaisal @ 1:33 am

Rise as the time calls for it and help your brothers in these hard moments. Recent floods are one of the worst disasters in the history. UN has said that the magnitude of damage by recent floods in Pakistan is equivalent to combine effect of 2004 Tsunami, 2005 South Asia Earthquake and 2010 Haiti Earthquake.

Help people in need in whatever way you can. This Ramadan and Indepnedence Day of Pakistan can make us united and strong if we stand in front of this challenge with courage and honor. Its time for us to rise as a nation and build our character without relying much on foreign aid.

The items which can be sent in the areas considering the conditions there are Dry Fruits, Milk, Water, Biscuits, Medicine, Blankets, Tents, Juices and other items which can easily be consumed and disposed off.
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PAKISTAN: Top 10 natural disasters since 1935 – IRIN

Source : http://infocrats.org/mag/2010/08/economy/pakistan-top-10-natural-disasters-since-1935-irin/ , IRIN (Humanitarian News and Analysis) – A Project of UN Office

LAHORE, 10 August 2010 (IRIN) – According to the National Disaster Management Authority, the current floods in Pakistan constitute the worst natural disaster in the country’s history. The 10 worst natural disasters in Pakistan in the last 75 years are:

1935 Quetta earthquake: A 7.7 Richter scale earthquake virtually levelled the city of Quetta in the eastern province of Balochistan, then part of British India. Some 60,000 people were killed in one of the deadliest earthquakes to hit South Asia. The epicentre was 4km southwest of the town of Ali Jaan, some 153km from Quetta.

1945 Balochistan earthquake: A 7.8 Richter Scale earthquake hit southwestern Balochistan on 28 November 1945. The epicentre was 98km southwest of the town of Pasni. Apart from massive damage to property, the quake led to a 40-foot tsunami causing the deaths of over 4,000 people.

1950 floods: Monsoon rain in 1950 killed an estimated 2,900 people across the country. Punjab Province, including the city of Lahore, was among the worst hit when the River Ravi flooded. Flooding also affected parts of the southern province of Sindh. Over 100,000 homes were destroyed, leaving around 900,000 people homeless.

1970 East Pakistan cyclone: The Bhola tropical cyclone struck the territory of East Pakistan (now Bangladesh) on 12 November 1970. It was the deadliest tropical cyclone ever recorded and is rated as one of the worst natural disasters in modern times. Up to 500,000 lost their lives, primarily as a result of the storm surge that flooded much of the low-lying islands of the Ganges Delta. The cyclone also gave rise to unrest which contributed to a civil war and the formation in 1971 of the independent state of Bangladesh.

1974 Kohistan (also known as Hunza) earthquake: A 6.2 Richter Scale quake hit Kohistan and surrounding areas including parts of Swat, Hunza and Kashmir in northern Pakistan and also the Hazara and Swat districts of the then North West Frontier Province on 28 December 1974. About 5,300 people were killed, 17,000 injured and 97,000 affected. Landslides and rockfalls contributed to the damage. Most of the destruction was centred around the village of Pattan, around 160km north of Islamabad, and in Pakistan-administered Kashmir.

2000 drought: At least 1.2 million people in Balochistan were affected by drought, and over 100 died, mostly because of dehydration, according to the government. Millions of animals perished. One of the worst-affected areas was the town of Nushki, close to the border with Afghanistan. The drought lasted over 10 months.

2005 Kashmir quake: A 7.6-Richter scale quake struck the Kashmir region on the India-Pakistan border and parts of northwestern Pakistan on 8 October 2005. According to official figures, at least 73,000 people were killed and more than 3.3 million made homeless. The worst affected areas included Neelum Valley and Bagh District in Pakistan-administered Kashmir and Mansehra Division. A massive international relief effort was launched. Work continues today to rebuild damaged infrastructure.

2007 Cyclone Yemyin: At least 380 people were killed in Balochistan, 250 in Sindh and 100 in NWFP as a result of flash floods triggered by Cyclone Yemyin, which struck coastal areas in early July 2007. Some 350,000 people were displaced, 1.5 million affected and more than two million livestock perished.

2010 Hunza Lake disaster: A landslide in January 2010 in Attabad village in Hunza-nagar District in the far north of the country killed 20 people and led to around 40 houses sliding into the Hunza river. Debris from the landslide caused the river to dam, leading to the formation of a large lake which threatened to flood downstream areas. Some 20,000 were forced to leave their homes by June.

2010 floods: The toll so far: 1,600 deaths; over six million affected. Pakistan has sought international help to cope with the catastrophe. Despite mass evacuations, there are fears the death toll will rise as flooding reaches the southern province of Sindh and the risk of water-borne disease outbreaks increases in many areas.

March 11, 2010

Inflation, Free Markets and Government Control

The recent debate in Pakistan over government’s ability to control, lack of involvement or excessive involvement in economic issues has taken new turn with the departure of finance minister Shaukat Tarin.

Shaukat  Tarin left the office when Pakistan is seeing one of the worst energy crisis of its history.  Pakistan with its reliance of 50% on natural gas for energy is facing the short fall of 1 billion cubic feet making around 20% of the total demand.

Recent Gallup Pakistan survey also shows that majority of Pakistani population considers economic issues as their top most priority. Around 63% think issues like unemployment, inflation etc are their major issues as compared to terrorism and political crises.

….

http://infocrats.org/mag/2010/03/economy/inflation-free-markets-and-government-control/

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