Thread by @faizansiddiqi

Roshan Digital Accounts to be converted to Digital Bank Accounts.. Makes you think, local banks barely have their services digitally enabled for the clients whose deposit baSes results in their profits, but it's clearly more imp to have digital accounts for NRPS. (Let it sink in)

Similarly give them cars at cheaper bank rates and not only that, enable them to stop using hundi to send funds back. pakobserver.net/roshan-digital… . The Hon SAPM said it not me. So the problem is in-bound hundi:) Boggles the mind how far and wide this circus has gone.

What about those in corridors of power & patrons of influence who have been using hundi to wire money out of the country?Basically if they decide to bring that cash back, it gets legal protection, cheaper interest rates, faster car delivery and a special place in the SAPMs heart.

I wonder how these items are thought through. Sure, in the short term you have a billion dollars that came back allegedly. Great, but what about long term impact, you are continuing to give a safe passage to the very problem that led you to needing inbound FX to shore up reserves

Where are the structural reforms on wire transfers, money laundering, connecting bank accounts of the feudals and those who have been largely exempt from taxes, doing an at scale analysis of living beyond means aka source of income being lower than expenses.Its very easy to track

But wait, we are busy giving the same folks free joy rides in their cheaper, "ON" free cars. I would like to celebrate the inbound money, but since those who live in Pakistan and pay taxes are children of a lesser god, I cant bring myself to celebrate this just yet.

Seems like we have become tone deaf. pakwheels.com/blog/pms-new-r… When the write-ups tout the fact, less waiting, less bank charges, is the govt not accepting its own failure in not being able to regulate the car-cartel and mafia,?Where in the world does one have to wait to get a car?

Govt theatrics are just that, every day some new announcement to counter some thing else whose underlying premise we are unwilling or un able to regulate. We continue to package manufactured ideas vs moving towards structural reforms. Focus on real tech exports, focus on r&d

attract true foreign companies and not those owned by friends and family with western names to come and invest in Pakistan. Grant them the legal protection, do true investor road shows, pair domestic, strategically important companies in the pvt sector with others globally.

Talking will not get out of the governance hole created over 70 yrs, nor will it get us out of the complete lack of industrial infrastructure to compete at a global level,in select areas maybe,but what we need to leapfrog into is Tech Enabled Verticals & strengthen inward looking

economic growth that results in job creation, empowerment and structural changes that have a generational impact vs trying to only influence and impact arguably those who left & are already doing better than their peer groups. Here is a wild idea...

Instead of making committees the govt should do A&B testing of all these schemes & ideas they are coming up with to better understand the long term outcomes. Heres to hoping that common sense prevails

& the govt starts to focus on true reform to get us out of the shackles of tyranny the rent seekers within parliament have put us in. Nothing will change till the personal interests of 342 people in Parliament are not aligned with the interests of 200M people.Simple yet not easy.