A country for old men. We have a serious disincentive as a nation for young people because those who are in government/responsible for economic growth have not been young in the last 4/5 decades. This is not an ageist tweet, trust me. Tough to legislate outside of ur demographic.
Let me illustrate. What are the wins this govt is touting. 1) Package for real estate development 2)Incentives for textiles 3)Amnesties for Tax evaders 4)Healthcare cards 5) Privatization limbo for money bleeding state companies. 6)CPEC related projects
So how many 20 yr Olds do you know that are in real estate. Or can get into it. It's what I call a 'Mafia Sport'.Similarly how many post college grads are in the textile biz? When was the last time a fashion design institute kid launched a line that became a global runway darling
How many millennials have amassed hordes of cash that are part of their large undeclared stash or slush fund. That need tax breaks or a second chance? What percentage of the 50%+ population that is under 25 need health care today? Lack of privatizing is directly stealing from tax
Meaning the contribution that most youngins are doing as employees to the exchequer since they are neither real estate magnates nor textile Barron's nor hoarders of generational wealth is being mis spent as subsidy by the govt to appease vote banks & public sentiment.
Then we have CPEC that is creating jobs but at the bottom of the pyramid which is excellent but glossing over the fact that youth remain un impacted by its glory. Creating 500 jobs here's and 2000 jobs there is like selective inheritance that will have no long term impact.
The number of unemployed people in the country has been estimated to reach 6.65 million during the fiscal year 2020-21, compared to 5.80m of the outgoing financial year.(labour dept data)
The number of employed workers will reach 62.91m in 2020-21 from 62.18m in 2019-20. According to the Labour Force Survey 2017-18, unemployment rate for the next year (2020-21) has been estimated at 9.56 per cent.
Pakistan is experiencing the phenomenon of unemployed educated people, particularly jobless graduates. The unemployment rate among degree-holders is almost three times higher than the other overall unemployed people.
The reason given for this is a mismatch between the education being imparted and the need of the economy to sufficiently absorb fresh graduates. Yet govt wants to focus on real estate incentives. This whole charade is just glossing over the fact that we spend nothing on education
If you pay peanuts you get monkeys. We continue to go down that path. The youth unemployment rate is quite high as compared to the average unemployment rate. The highest overall unemployment rate (11.56pc) is prevalent among the age group of 20-24 years. So now does it make sense
When I say we are a country for old men. Why are the feudals not being taxed for agriculture land and production because what was brought in to protect poor farmer doesn't hold as the biggest farmers are also sugar Barron's. They are also wheat and fresh produce Barron's
Why is the state in the business of business from steel mills to airlines to telecom? The state should be in the education business foremost. Why is it that the only tweets we see from one mr razzak are to celebrate how well textiles are doing. Bro, this production up cycle is
Not your damn hack it's the consequence of corona & our sector doing well on $ based pricing and driving a premium because we have ongoing production vs other exporting nations. U didn't come up with some overnight super power or market edge besides the fact that ur open for biz
Don't mis construe luck with production efficiency or govt help or some technical wizardry. It's short-lived. Just like the advisors grasp on what what matters in the long run. Allowing ill-gotten cash to be cleaned in real estate projects also doesn't help young grads
Touting CPEC wins doesn't either. By the time the current old men vacate their positions of favour either by natural causes or political or pindi change a new breed of similarly pedigreed homogeneous second generation will replace the current old men.The young can't catch a break
So when u have spent bullets in their 60s and 70s who can't use tiktok or Twitter but sit down to regulate it. When u have the same crowd that offer free office space to Google and Amazon and Fb but won't fix the laws of the land so they can come. Same folks touting the launch of
The MPG three yrs in. Same set of ppl who think all u need is a software park to lead innovation. Same ppl who burn tax payer money to launch incubation centers also led by ppl who have never been entrepreneurs. This is the punishment we get for the middle class not sending
Their kids to govt, politics and pindi. The consequence is the government we have vs the government we need or deserve. The sugar Barron's and the political dynasties who feel they own the nation and that we all must be dumb and subservient to their rule. Till we fix education
We can't fix any thing else. Till we fix taxation we can't sustain much else. Till we stop govt from competing with Pvt enterprise we cant encourage the youth blossoming, till we introduce bankruptcy laws we can't institutionalize change. Till we have imported SPAMMers (SAPMS)
We are doomed. We can't have this imported variety trying to help regulate digital process or national transformation without having skin in the game. When sugar Barron's and wheat daddies select the advisors based on being impressed by the angrezi or the last Job some one had
We are doomed. The whole digital Pakistan fiasco is wasted time and tax money on people who at best were consumer sales for big tech vs promoting or finding people who are in country who get the structural issues. How does a spammer solve for the freelancers pain when
They've never had to write code n wait for a payment or go to bank and get humiliated collecting their own inbound fx. The party tricks of the sugar Barron's and the others have a short shelf life but these ppl are un relenting they will all find a way. Watch the aid agencies
For all these ppl to resurface with, as advisors or has been investors with other people's money since they are so passionate about Pakistan. All these folks are passionate about; are the headlines they get featured in. In summary.
Tax the rich educate the poor & hire folks under 60 in govt who will have to live with their decisions for yrs to come @rebootdude @jehan_ara @babushka99 @raza_matin @Ash_Kalim @YusufJan @SaadGH @FaizaYousuf @TalhaIzhar @ZMoosaPK @ShahidM99
• • •
Missing some Tweet in this thread? You can try to
force a refresh
