Budget season - this week in Pakistan’s business and economics twitterverse

Budget season was upon us over the course of the pat week, finally culminating in a relatively run-of-the-mill speech in parliament by finance minister Miftah Ismail. Ariba Shahid brings you all the budget talk and more in this week’s social media roundup. 

 

https://twitter.com/AzferNaseem/status/1535368170311192579

Real estate is one of the largest grey areas in Pakistan. The commodification of real estate makes it difficult for actual capital markets to prosper. Keeping this in mind, the new budget proposed offers a level playing field for the Pakistan Stock Exchange to compete with.

https://twitter.com/faisal_aftab/status/1532411240148086785

At this point, it makes more sense for everyone to move onto bicycles. The perfect time to make a bet on a cycle business. Maybe they might even end up listing on the bourse. Who knows! But one does wonder whether Pakistanis are willing to make lifestyle changes.

https://twitter.com/MubarizSiddiqui/status/1535482693743529986

Why do something the easy way? Make it complicated and find a loophole to make money off. It’s that simple. Hey, might as well drive up the current account deficit too for your gain. After all, does anyone even care?

https://twitter.com/dagorenouf/status/1535252726178791430

Go big or go home. Don’t fall for the peer pressure of blitz scaling and over the top expenditures. Do your business your way. Stay true to what you hold sacred. The fear of missing out is far too intense. Besides, not everyone has to be the next Marriot. You could be a small boutique hotel too. Just do your thing.

https://twitter.com/MOPasha84/status/1535267417160564738

Mustafa Pasha nicely pens down the tax you have to pay based on your salary. However, while the budget provides a level playing field for the PSX compared to property, it also takes away the incentive of going for mutual funds of VPS. I mean, what is the point now? Might as well use your brain and do it yourself.

https://twitter.com/AzamAKhan2/status/1535322146137952259

Salaried individuals already pay enough indirect taxes. They are also taxed more considering they’re documented. This tax break helps the salary class especially considering they’re unlikely to get a pay rise in this inflationary environment where layoffs are happening.

https://twitter.com/rogueonomist/status/1534552474119331842

Financial abuse is also abuse. Money is independence in todays day and age. Taking away access to it, is abuse. In our attempts to be more financially inclusive, I hope banks realize there is more to female financial inclusion than to be pink.

https://twitter.com/adeel_azhar/status/1535199985033261056

Cant make digital Pakistan a reality unless you promote digital transactions. That’s it.