Pension Reforms to Strengthen Public Finances:

The Pension Reform Commission 2020 has introduced pension reforms to reduce the huge cost & risks of pension liability on public finances.

Secretary Finance Mr. Imdad Ullah Bosal has been instrumental in leading the reforms..

1/n Changes apply to both civilian & military personnel ensuring equality and fairness across the board.

The key initiatives & impacts:
-Discontinuation of Multiple Pensions: Individuals will no longer be eligible to receive multiple pensions, reducing overall financial burden.

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Pakistan can improve growth in a challenging scenario:

ADB expecting 15% inflation in 2025 is late; IMFs 18% by Dec-24. Its all mostly due to high base-effect. Central Banks do not adjust rates on base-effects. MoM inflation reading is a little eased off but still strong.
1/nn Global Oil is rising again, due to Red sea issue, though slowdown in China is helping, but geo-conflicts keep Oil prices from coming down significantly, to result in higher import bill, keeping PKR in check. Pak needs to create $ liquidity for higher growth/lower inflation...
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A small thread on why Real Estate (RE) is preferred by most (sponsors/businessmen, politicans, brokers, traders etc.) vs the Stock Market:

Little/no taxes, documentation, execution ease, quick cash exchange and huge secondary market, supported by vast network of brokers...
1/n ...providing liquidity, options, turning it into thin-spread quick-buck market, r all the more reasons why most prefer to get into rent-seeking if this sort.

Tax incentives/uniformity of various taxes across asset classes for neutralzing cross-asset arbitrages is one thing..
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A Short Thread on investors' rising preference in New Economy vs Conventional One - in Pakistan.

Investment Raise (Jun-Jul21):
-Total IPOs worth PKR 20bn or $126mn (record year!)
-Total Startup investments worth PKR 28bn or $177mn (excl. recent Airlift's & Bazaar's rounds).
1/n So, Startup investment has been 40% higher than what has been raised through conventional IPOs/Funds raised at PSX in FY21.
-Startup funding in 2021 to date is +$250mn.

Since 2015 to date:
-Total investment raised in IPOs is $480mn.
-Total investment in Startups is +$460mn.

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Lets talk about something brilliant yet extremely underrated!

Its a long thread, but hope its worth it.

You know where the biggest interest-free Microfinance Bank of the world resides while creating a difference in the lives of bottom-of-pyramid? Europe, Americas, or ME?

1/10 Its in #Pakistan, called @Akhuwat, which is a truly global story bringing shift in lives of the bottom of the pyramid with access to interest-free microfinance so they can learn to earn instead of having charity for life!

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