Asfandyar Farrukh
@asfandyarf
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Eternal Optimist | Obsessed with scaling the Retail & eCommerce ecosystem | Curious about Macroecon, Taxation & Digital Payments | Leather lifer | Football fan
๐ต๐ฐ
Joined January 2012
The following sums up the average Pakistani conversation: Great minds discuss ideas; average minds discuss events; small minds discuss people." - Eleanor Roosevelt This must change, from the bottom up since the top wants to keep the public distracted while they take the spoils.
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IMF report: light on substance
dawn.com
A fundamental weakness in the report is the reluctance to admit the role of external agencies.
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Nations donโt fail by collapsing suddenly. They fail by clinging to โnormalโ until it quietly eats away their future. My column in todayโs The News is based on a central idea from Jeff Bezosโ (one of brightest minds of our time) last letter to Amazonโs shareholders โ that
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The different lists of Pakistan which ban your travel abroad. ECL (Exit Control List): Only Federal Cabinet allowed to place name on the list. Duration 120 days extendable by 90 days unless challenged in Court. PNIL (Provisional National Identification List): No official law
๐จ๐จ In personal announcement, I was travelling from #Islamabad international airport for Washington to attend 12 day @StateDept IVLP program proposed by @usembislamabad but barred from traveling by immigration authorities, stated my name is on the PNIL. I repeatedly asked the
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๐ต Rethink. Innovate. Export. In my latest article for The News, I argue that unless we fundamentally rethink our economic model โ from taxing survival to rewarding productivity, from inward-looking policies to global competitiveness โ sustainable growth will remain out of
thenews.com.pk
Pakistanโs economic trajectory remains stifled by structural inefficiencies, short-termism and a domestic market that simply cannot sustain long-term growth. Inflation may have cooled, but...
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Ecommerce just got more expensive across the board. It is now 2% cheaper for me to go to someone who takes cash, smuggles his goods in and and does not pay his taxes. This is special levels of dumb.
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All Pakistan governments repeatedly lie that we are not paying taxes to cover up that 1. It has bad tax policy that seeks high complicated multiple taxes that ore hugely onerous 2. the collectors may have issues with the policy and find ways out 3. That such high and
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FTO directs FBR to cease sealing of Tier-1 retail outlets The Federal Tax Ombudsman (FTO) has ordered the Federal Board of Revenue (FBR) to immediately halt the sealing of Tier-1 retail outlets. Read More:
pkrevenue.com
In a significant decision for Pakistanโs formal retail sector, the FTO has ordered FBR to immediately halt the sealing of Tier-1 retail
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The tax structure for salaried individuals in Pakistan is not just lopsided, its so lopsided, there is no side left anymore. 14% of salaried taxpayers are in the top tax bracket -- while for most other countries, this % is below 1%. If 14% are in your top bracket -- that is a
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๐๐๐ ๐๐จ๐ฉ๐๐ฃ'๐จ ๐ฟ๐๐๐๐ฉ๐๐ก ๐๐๐ค๐ฃ๐ค๐ข๐ฎ ๐๐จ ๐ช๐ฃ๐๐๐ง ๐ฉ๐๐ง๐๐๐ฉ - #๐๐๐ค๐ข๐๐๐ญ๐พ๐ง๐๐จ๐๐จ ๐ผ๐ก๐๐ง๐ฉ! Sign & share: https://t.co/3sikHOK83d Together, let's build Digital Pakistan โ not burden it. #EcomTaxCrisis #HeavyComplianceSeBachao #SaveOnlineSMEs
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The Federal Government has washed away any semblance of goodwill it hoped to generate from the minor relief in taxes on salaried persons. This is what happens when ad hoc decisions are taken, especially when it is to placate civil servants at the cost of the larger workforce.
So hereโs what happened: Govt agreed with IMF to cut tax on incomes up to Rs1.2m from 5% to 1%. Finance Bill also showed 1% but cabinet raised it back to 2.5%โto fund 10% pay raise for govt employees.
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Absolute clown take. These guys see a 200-jet precision raid backed by decades of U.S. air supremacy, stealth platforms, and total electronic warfare integration, and think Delhi could just copy-paste it across the Himalayas into Pakistani airspace, like it's a sandbox sim.
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We need fair, phased reforms โ not heavy compliance shocks. Letโs consult, not disrupt. Letโs build, not burden. ๐ข @FBRSpokesperson @FinMinistryPak @MOC_Pakistan โ time to engage with stakeholders! #EcomTaxCrisis #HeavyComplianceSeBachao #SaveOnlineSMEs #DigitalPakistan
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๐จ E-commerce tax measures in #FinanceBill2025 could harm ๐ต๐ฐ's digital economy. โ
Support 5% levy on offshore platforms like Temu. โ But complex ST + IT withholding & harsh penalties on local players will stall progress. #EcomTaxCrisis #HeavyComplianceSeBachao #SaveOnlineSMEs
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In May 2011, at Jt Session of Parliament after OBL incident, DG ISI was asked โhow come OBL managed to come & stay in Pakistanโ, DGI answered: โbecause Pakistan is a soft state, with soft bordersโ! What are other ingredients of a โSoft Stateโ: absence of Rule of Law, absence of
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Raftar Ko Barhnay Do! Share this message as widely as possible #releasefarhanmallick #farhanmallick #Raftar
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35 yrs ago, when India began its spectacular reforms, it relied on this 30 page document called Mโa masterpiece crafted by its technocrats & championed by its brave PM Rao: https://t.co/CFHpVNZXP6 35 yrs later, Pakistan has Uraan: https://t.co/wwdTdeNVIu Compare (and weep)โฆ
the1991project.com
ย Speech Transcript Towards a Restructuring of Industrial, Trade, and Fiscal Policies Paper for Internal Discussion in Government prepa...
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In this episode of the DigiPod on Dawn News English, I spoke to @asfandyarf, a member of the national e-commerce council & chairperson Chainstore Association of Pakistan, about the digital services used by users in PK & the impediments in making payments. https://t.co/eq6DkWiM2K
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Provinces trying to buy an asset-intensive business with net margins in low single digits, using funds provided through NFC allocations, while subsidizing the same airline through more public money. The jokes write themselves at this point.
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On the one hand, a minister appears on TV, detailing how much the country loses because of a day-long shutdown. Yet later, the same federal government announces a three-day closure in the twin cities. #nukta #nuktapakistan #twincities #shutdown
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FBR PESHAWAR /MARDAN FORGIVE MILLIONS OF TAX ON RS 120 MILLION DECREE PASSED BY SESSION JUDGE MARDAN IN FAVOR OF A BILLIONAIRE NAMED WILAYAT KHAN S/O SHER ALAM CNIC 1610121187571 AND HIS CAMPANION. @FBRSpokesperson @IRSPakistan @Pak_Customs @PakCustoms2024 @GovernmentKP
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