[MoF] Ministry of Finance: Report 1 (April)

Day 2,710, 22:00 • Published in Pakistan Croatia • by Pakistan eRepublik


Assalam o Alikum

Citizens of Pakistan, I am pamadapa, the current Minister of Finance/MoF (Governor according to eRepublik).
We are in the Mid-Term (TheJakal Government), this is the 1st Report in the month of April and this article intend to inform the situation in the economy of our eCountry.

This report covers the eDay 2694 to 2708

SUMMARY – April (Mid-Term Report)

Here you can find out the most important information, but in a simplified way described for quick reading





ITEMIZED Income and Expenses - April (Mid-Term Report)

I will proceed to report the Finance situation and the evolution of the economy during this days. To be better understood I will divide it into sections:

I –INCOME
II – EXPENSES
III – BALANCE
FINAL COMMENT


I - INCOME

Revenues from the DAILY TAX are as follows:

First Half of Term (eDay 2694 to 270😎
Tax Revenues: 9,954.45 PKR
Average daily tax revenue: 663,63 PKR



Revenues from the SPECULATION in MONETARY MARKET are as follows:

First Half of Term (eDay 2694 to 270😎
MM profit: -236,427.63 PKR and 976.63 Gold
Average daily: -15,761.84 PKR and 65.10 Gold



II - EXPENSES

The total expenses at moment was 10,000 PKR, spending as described below:

»» MPP : 10,000 PKR
eDay 2708 signed with USA



III – BALANCE

Country Treasury

eDay 2694 started in 14,579.86 PKR
eDay 2708, end of first Half of Term, the Pakistan Treasury is 14,534.31 PKR. In relation to Gold, the value remains constant at 26.01

Which means we have a difference of -45.55



ePakistan ORGs

eDay 2694 started in 684,411.88PKR and 1,05 Gold
eDay 2677, end of first Half of Term is 447,984.25 PKR and 977,68 Gold

Which means we have a difference of -236,427.63 PKR and 976.63 Gold





FINAL COMMENT

My personal goal as MoF is transparency by way of information, manage and efficiently use the money of Pakistan.

I want to talk a little about most important issue happened to the first half of the month.
A tripartite agreement was held, but to summarize we have a rental agreement with Turkey, where we get 35,000 PKR per month from them an MPP with them. Iran has attacked us and Turkey will attack them so that we don't lose MPP with Turkey.

It was always my characteristic telling the truth, and as you have noted some months back and can read it on my personal goals, I feel an obligation to mention something that happened a few days ago. We all know that money market speculation brings with it risks.
I guess you may have noticed that the price of Gold had changed to 0.004, I had speculated at that time then the price quickly had returned to 0.005, the money market tricked me this time and I could not react on the rebound (because I was not sitting on my computer for my RL work), so we suffered a loss of PKR if we make the conversion. From that moment I am trying to recover the situation is not easy, but I could minimize my unintentional mistake and the day of this report practically monetary losses are minimal.
As I said in the beginning, always speculate is risky and this is a situation that saddens me, but also I expose the good I have done, I also tell them when things do not go as intended. but due to my mistake was that immediately I gave the news to our CP/Dictator, and I told him that if he thought could fire me and thus I leave of serving as MoF. I'm still here and I appreciate the confidence in me and still expect the same from you all.

I ask citizens seeking employment in the "Job Market" of ePakistan, buy goods in the "Marketplace of ePakistan" and if possible to ePakistanis. This brings a whole benefit and activates the economy of our citizens and increased revenue collection of our Country.

So here is all for now and thanks for your attention (apologies for my poor english language)



Only achieve a prosperous eCountry by working together. Everything for the benefit of ePakistan and its people.

---- PAKISTAN ZINDABAD ----








*Thanks for the support at work I am trying to perform.
*Do not forget that we are in a game, but never lose respect for toward each other.

If you have any questions, suggestions or complaints you are free to give your opinion in this informative article or send me PM. You can also find me on IRC Channels: #Pakistan or #MoF. pk
I can also provide tips (if you need them) about where to invest and how best strength.