The recent global economic recession of the November- December 2008 and onward did not only bring the economic miseries for people and organizations all over the world, but opened a new debate over the credibility of on-going economic plans.
In the face of that situation, this correspondent considered it his social and moral responsibility to think, search, express and act on this very serious issue regardless of region, race, religion and status.
Therefore, I would like to extend the following realistic, research-based and human welfare- oriented opinion and challenge that:
@ On-going worldwide subject and status of ECONOMICS including formulas, plans and theories presented by the past and present economists, economic scientists, experts, officials/governments etc have failed which led to the recent international economic crisis.
@ It is time to revise, change and revive the status and theories of ECONOMICS and its sub-categories, which presently do not conform to realistic and practical approach.
@ The world needs a change version of Economics and Economic affairs to be supported by the socio-economic blend. This is why because the on going global economic affairs can not be taken merely as financial or economic affairs, these are now Socio-Economic affairs strongly realizing the practical importance and merger of economic, financial and social sectors within a specific economy. According to the present format, Economics is not a general terminology or theory but now Economics is a collective implication of local, regional and global socio-economic activities.
Keeping this in consideration and realizing the urgency of a complete worldwide over hauling of the present economic system I would like to:
+ Present the idea and plan for worldwide Socio-Economic reforms based on my own conceived Socio-Economic Management Formula (SEMFO) Plan to combat the present economic recession and for the betterment of global human society.
+ Launch a global socio-economic reforms consultancy think-tank to help not only the poor or under developing nations but also to provide a helping hand to developed countries and organizations confronting any sort of economic/financial/social deficiency or default threat. This would be provided through a gross root and upper level consultancy as per requirement of a specific economy or organization.
I offer my formula to help the other countries and organizations of the world confronting the worst global recession or economic problems. For this purpose, SEMFO will be launched in terms of an international professional think-tank. I also hope for an agenda for change in the current course of economic affairs through my proposed formula plan.
I would like to mention it that SEMFO plan has two salient feature i.e., (a) enabling an overall Socio-Economic program and (b) to implement an international lobbying & image building. This will be applicable on economies (countries) as well as organizations too.
His Excellency Barack H. Obama President Elect: United States of America
Dear President Elect,
This correspondent is a Pakistani youth with Media, Lobbying and Socio-Economic experience based skills. Despite lack of resources, I have recently offered my services to avert fiscal and economic default of Pakistan through my invented Socio-Economic Management Formula (SEMFO) Plan. As many countries of the world are facing same situation like our country Pakistan, so I assure you that the said plan would be a Global Model for any country, economy or organisation. Following are outlines of my proposed SEMFO plan.
About Moderator
Moderator and inventor of SEMFO Plan Project Saeed Khan Abbasi is from Pakistan (South-Asia) with extensive Socio-Economic, Media, Lobbying and Image Building experience based skills. Resident of country’s largest cosmopolitan city Karachi since his birth, despite lack of financial resources and any political or governmental support, he decided to launch this project by offering his Socio-Economic Plan plus lobbying & image building services to avert economic crisis-like situation as Pakistan confronted recently during September-December 2008. Saeed Abbasi also offers his services for the world community by launching a Think tank through this proposed plan model.
SEMFO GLOBAL MODEL
SEMFO is amid at providing structural strength and profiteering results to ailing economies in any region of the world. The SEMFO plan has been offered in the face of recent negative effects of domestic and global economic recession on Pakistan. For this purpose, a Pakistan Specific Plan was outlined on 10 November 2008 before media at Karachi Press Club Karachi. Following are its salient features:
• The said plan would be a Global Model for any country, economy or organisation. Through the said SEMFO Plan, I would enable Pakistan to draft Deficit Free Budget for the next fiscal year despite stern domestic and international economic conditions.
• By presenting the said plan I would like to promote this idea that besides government, people from all walks of life should get ahead to get their country out of such crisis-like situation. That is why SEMFO project will work as a professional international think-tank. The SEMFO based think tank would offer services to countries for their economic competence and organisations/companies/groups to tackle recession and yielding new version of profits coupled with a very effective excellent image building.
• SEMFO plan based think tank will involve both governmental and private sectors in implementing required socio-economic strategy.
• SEMFO Plan will enable any country to get rid of trade, fiscal and social sector deficit. Same will be in case of any business, corporate, development, professional organisation or group.
• It would enable any country or organisation with immediate emergency liquidity funding to tackle their liquidity problems and default threat, no matter what extent of amount is required. In developing or poor economies, such situation always enforces them to contact the IMF and other financial bodies. With our plan, there would be no need to rely only on the IMF or World Bank for any country’s own fiscal and economic budget making, while these donors and agencies like the IMF, WB, and ADB etc will be taken on board as Friendly Economic & Monetary Advisors instead of the only Loan Providing Sources. SEMFO would assist the IMF, World Bank and other to chalk out a newly adopted strategy in recession effected countries to revive their economies by following realistic plans in line with a country’s own socio-economic environment
• SEMFO Plan would slash high inflation rate gradually at very low level. Besides this SEMFO Plan would add more strength in currency value and in case of organisation /company it’s market/ product / service value.
• SEMFO plan would increase a country’s GDP growth rate from less to high in short period.
• SEMFO plan would overcome current account deficit and both domestic and foreign reserves problems by implementing a constant reserves policy. Domestic and foreign investment would be enabled at very lucrative level.
• By implementing the said SEMFO Plan, there would be no need to slash a huge developmental amount from budget; instead of this, a country’s budget would have adequate social and development finance.
• Stable and positive purchasing power for all people with an investment heaven image of our client country will be the focus with this plan. International image building and lobbying will be part of our strategy in this regard to attract large number of local and foreign investors under secure environment. • SEMFO plan can help to prepare a "Credible Recovery Plan" of a specific country for international donor agencies, countries and monetary organisations like the IMF, WB etc as well as domestic agencies to get the concerned country out of heavy domestic and foreign debts’ burden.
• By getting with the proposed SEMFO plan, a country and organization would be part of domestic and international Food and Energy Resources Generating and Planning Campaign. In this way, such a country or organization would be able to get its own profit in terms of food and energy and would have their global share. BY this, SEMFO will enable them to exercise their Social Responsibility Performance. As the above-mentioned plan is a GLOBAL SOCIO-ECONOMIC MODEL. I offer my formula plan to help all countries and organisations of the world confronting the worst global recession. I would feel honor and pleasure to offer my services for your country/organization too.
SEMFO PAKISTAN PLAN MODEL
• Through the said SEMFO Plan, I would enable Pakistan to draft Deficit Free Budget for the next fiscal year despite stern domestic and international economic conditions. • By presenting the said plan I would like to promote this idea that besides government, people from all walks of life should get ahead to get the country out of such crisis-like situation without any political or vested interest. • SEMFO plan is aimed at enabling strong lobbying & image building strategy throughout the world for Pakistan with the help of private sector. • My proposed SEMFO Plan will enable country to get rid of trade, fiscal and social sector deficit. • It will enable Pakistan with immediate emergency liquidity funding to tackle the default threat. In the face of Pakistan’s recent requirement for around USD: 6 to 9 billion's funds during November 2008 for which Pakistan had to opt for the IMF Loan Facility finally, such funding is possible through the SEMFO plan. • With SEMFO Plan, there would be no need to rely only on the IMF or World Bank for our country’s own fiscal and economic budget making, while these donors and agencies like the IMF, WB, ADB and Friends of Pakistan will be engaged as Pakistan's Economic Development Friendly Advisors instead of the only Loan Providing Sources. • I hope that my SEMFO formula would enable the country to avert a default in international market due in February 2009 because of a due payment against USD: 500 billion's Euro Bonds. • SEMFO Plan would enable Pakistan to generate funds of about USD: 40 to 50 billion for three and five years' fiscal period. • SEMFO Plan would slash high inflation rate. For example from recent/current inflation rate of 17% can be slashed to 2% (Over all 25% to 4%), Poverty rate of current 40% can be decreased to 15% and gradually at very low level. Besides this SEMFO Plan will make more than 50% increases in currency value. • SEMFO would increase the GDP growth rate from 3-4% to 25% and 50% onward in short period. • My plan would enable the ongoing current account deficit of 15% to around 5%, Pakistani reserves will be more than USD: 10 billion constant for five years, foreign remittances of Pakistani abroad will be turned into attractive investment plan which will enable Pakistan to have about USD: 15-20 billion reserves in account. • According to the said SEMFO Plan, we would not need to slash a huge amount of 60 to 100 billion rupees instead of this our budget would provide more than 100 billion rupees for development projects. • Stable and positive purchasing power for all Pakistanis with an investment heaven image of Pakistan is his focus with this plan. • I also offer to prepare a "Credible Recovery Plan" of Pakistan for international donor agencies, countries and monetary organisations like the IMF, WB etc as well as domestic agencies to get Pakistan out of 700 billion rupees outstanding amount, which Pakistan has to pay. • I am quite sure that by implementing this plan, Pakistan would not only become more economic power in the region but would be a leading Food and Energy Resources Generating and Planning country of the world.
• I offer my formula to help the other countries of the world confronting the worst global recession or economic problems. For this purpose, SEMFO will be activated in terms of a non-governmental international think-tank. I also hope for an agenda for change in the current course of economic affairs through my proposed formula plan.
I would like to mention it that SEMFO plan has two salient feature i.e., (a) enabling an overall Socio-Economic program and (b) to implement an international lobbying & image building.
His Excellency, despite my above-cited efforts without any sound sponsorship and cooperation, I alone cannot be able to proceed it further. Therefore, I would like to request you to sponsor, favour and cooperate in my unique and human-services oriented project. By doing so, I would like to operate my proposed SEMFO plan with your kind help and sponsorship throughout the world as well for combating present economic recession of the USA too.
I assure you too that the said SEMFO plan based project will enable your country and government to become one of the leading lobbyist countries working for Socio-Economic, Food and Energy cooperation all over the world. This will lead to your own benefits and a strong image building among the world community. SEMFO plan will be executed as an International Think-Tank to provide global services in this regard for which your sponsorship is strongly needed. I hope for a positive response from yours end in this regard.
(Note: Statistics quoted above are of October-November 2008).
Saeed Khan Abbasi
Socio-Economic, Media, Lobbying & Image Building Expert
Karachi-Pakistan (South Asia).
Please visit http://saeedabasi.blogspot.com
