10000 currency note....

[TaYeB]

NYC

[abbasmahar]

very good design bro

[manc]

Dear, don't think about 10,000 rupee, prepare for 100,000 rupee notes. read bellow:-
ISLAMABAD Friday, 4 May 2012 2:53 pm - The Federal Finance Ministry has said that over Rs 1.167 trillion worth of currency notes were printed during the four years of the present government. The Finance Ministry in a written reply to a question in the National Assembly Friday said that over Rs 1.167 trillion worth of currency notes were printed during the last four years, of which, the maximum amount of more than Rs 650 billion was of Rs 1,000 notes, while of Rs 7 billion of Rs 5, Rs 27 billion of Rs 10 and Rs 14 billion of Rs 20, Rs 30 billion of Rs 50, Rs 92 billion worth of Rs 100 notes. The reply further said that Rs 216 billion worth of Rs 500 notes, while the highest amount currency notes of Rs 5,000 were printed worth of Rs 102 billion.

PML-N and PPP blame each other for inflation
10 December, 2013
ISLAMABAD: As the National Assembly commenced the debate on increase in prices of essential commodities, the members of the ruling PML-N and Pakistan People's Party (PPP) held each other's respective government responsible for the menace of price hike instead of addressing problems of the common man.

Asad Umar of Pakistan Tehreek-e-Insaf (PTI), however, focused on the topic, but held both the PPP's last government and the present PML-N government responsible for price hike and inflation in the country. "The PPP government printed Rs 525 billion worth of currency notes every year, whereas the present government is printing Rs 6.3 billion worth currency notes on daily basis, increasing inflation rate from 5% to 10.9% in a brief time of less than one year," he said.

Shazia Marri of the PPP kicked off the debate on a motion to discuss increase in prices of essential commodities. She attacked the youth policy of the PML-N and lashed out at the ruling party's leaders for criticising the nationalisation policy of the Zulfikar Ali Bhutto regime. "The nationalisation policy of Zulfiqar Ali Bhutto was a philosophy and vision which protected rights of labours," she said. Shazia Marri said that through his nationalisation policy Zulfiqar Ali Bhutto protected the rights of the working class, whereas the PML-N government would not be able to safeguard their rights by privatising vital industrial units and organisations.

She also criticised the PML-N government for imposing 8% interest on loans to be given to the youth under the recently announced youth policy. "Prime Minister Nawaz Sharif should have demonstrated generosity by extending assistance, not loans, to the youth," she said, adding that the youth policy was "just a family show". Marri said it required courage to take bold decisions to turn around economy, and claimed that it was former president Asif Zardari who showed courage and blocked NATO supply for eight months.

Captain (r) Muhammad Safdar and Mian Abdul Manan of PML-N, in their speeches, reacted strongly to allegations of Shazia Marri. Safdar said the PPP's last government obtained record foreign loans but could not undertake even a single hydropower project to address the energy crisis. "The energy crisis also started during the tenure of PPP in 1993," he said. He said that Zulfiqar Ali Bhutto was a great leader, but he committed some mistakes, which included the nationalisation policy.

Defending the youth policy of Prime Minister Nawaz Sharif, PML-N member Mian Abdul Manan said the government has spared Rs 100 billion to support youth of the country. Asad Umar of the PTI said that it is for the first time in 65 years history of Pakistan that inflation has jumped from 5% to 10.9% in present government's tenure. " If the last government of the PPP followed poor financial policies, the present government has taken a step ahead," he said.

Umar feared that if the present situation continues, it would lead to the hyper-inflation in the country. Mentioning some caused of price hike of essential commodities, the PTI parliamentarian said that under an agreement with the IMF, the State Bank of Pakistan intervened to devalue rupee, while the price of electricity has also been doubled.

[manc]

Govt must abandon this money printing practice and rationalize the taxation by improving direct tax ratio which is very low.

Direct taxes are the best to hit the richer instead of indirect methods such as money printing, increasing price of oil, energy and consumable items which impact the lower & middle class the most.

Secondly they must do something to curb this speculative property business. The extra money coming into the system seems being thrown into it. Small piece of land and price is in crors. Whosoever has some money, he is keen to invest in DHA/Bahria etc. and once done, there is no return, no activity even for 15/20 years. Simply unproductive. Previously Govts were used to introduce industrial zones with good infrastructure, energy and tax incentives. They should think of it to generate business activity.

[manc]

Imagine how many notes they will print by the end of their 5 years term!!

Is Pakistan competing with Zimbabwe?