The top 10 contributors to the IMF are: United States - 17.46% Japan - 6.15% China - 6.09% Germany - 5.32% United Kingdom - 4.37% France - 4.03% India - 3.58% Italy - 3.18% Canada - 2.42% Russia - 2.40% Together, these 10 countries account for more than 55% of the total quota and contributions to the IMF.
Neo-colonialism is a term used to describe the economic and political control that developed countries exercise over developing countries, even after the latter gain political independence. It is a form of indirect control where developed countries use economic and political means to maintain their dominance over the economies and political systems of developing countries. In the context of international relations, neo-colonialism can take various forms such as foreign aid, debt relief, and economic policies that benefit the interests of developed countries at the expense of developing countries. Critics of neo-colonialism argue that it perpetuates global inequality, undermines the sovereignty of developing countries, and stifles their economic growth and development.
I am not Pakistani, I am Indian. But mai inse Capitalism par bilkul bhi agree nahi karta. Free Market Capitilism is the least imperfect economic system. Aap log Communist economics se experiment kar ke dekh hi lo ek baar, dir tasalli ho jae ge. Apne country me Import ban kar do, aur Private buisness ko bhi ban kar do. Fir dekho. 1991 tak hum bhi Socialism and License Raj ka model follow karte tha. Government economy me sab kuch control karti thi. Humara haalat bahut kharab ho gaya tha iske wajhe se. Hume bhi IMF ke paas jaana para, aur Hume bhi Bailout karne ka yahi sart tha ki Free Market economics ke taraf move karna hoga ga. Uske baad se dekho, humara growth rate badhne laga. 🙏🏼As an Indian I thank IMF kyu ki IMF ne Indian government ke sar par bandook rakh ke economy ko open karwaya. Ye nahi karwata to aaj bhi hum wahi 2% growth Wali economy hote. Thank you IMF❤
@@Charvak-Atheist As long as internal economy and local industries are not strong enough, going to IMF is suicide. India managed to utilize IMF optimally because it had strong internal economy but it is also true if India would have remained a socialist then it's economy would have not grown to an extent at which it is today.
@@abdullahdaniyal114 Pakistan economy can never become good and healthy be it capitalism or any other system bcs Pakistan doesn't produce anything and bcs of its uncontrolled population explosion and religious control on people and military controlling the economy. Pakistan military own so many businesses in Pakistan. Pakistan need population control bill like china than Pakistan can work on economic policy but bcs of population explosion the burden of consumers increasing which increase more import and it's like vicious cycle. Yeah tbhi hga jb log sach bolenge yeah Bhai Jo khudko itna bda economist smjh rhe h inko yeah hi nhi pta population jis speed se bdh Rahi h Pakistan ka debt bdta hi rhega 😊
Very informative and productive debate, Masha'Allah. Dr Taimur Sahib's wisdom and clear economic vision is an asset to this country. The anchor has put very pertinent & wise questions for useful & informative debate. Mr Naeem Sikandar has extraordinary inquisitive qualities and skills to ask productive questions.
The Opium Wars were a series of armed conflicts that took place between China and Great Britain in the mid-19th century. The wars were fought over the issue of trade and specifically the trade of opium, which was being grown and produced in India under British control and then smuggled into China. The Chinese government, led by the Qing dynasty, had tried to ban the trade of opium due to its harmful effects on the population, but the British continued to smuggle it in anyway.
Wow ! Awesome podcasts, 1 hour 22 minutes of gripping talk . Full of logic, agreeable arguments and both the guys matched each other’s energy level . I heard professor Taimur for more than 50 hours on RU-vid! A very talented and a classic academician. Nevertheless like any other leftist or communist from any part of the world. His diagnosis of current economic disaster and predictions of hopeless situation in future also if remedial actions aren’t taken , is perfect, wonderful and eye opening for one and all in Pakistan or other developmental societies across the world. Right now the need is to create awareness on these issues beyond political rhetorics and electoral maneuvers. He is right when he says that people should hit the streets in massive numbers without being lead by political entities. Chattar khaana band karnaa hi padega . Best wishes for May Day🎉🎉
An American priest walked into a barber shop in Washington, D.C. After he got his haircut, he asked how much it would be. The barber said, "No charge. I consider it a service to the Lord." The next morning, the barber came to work and there were 12 prayer books and a thank you note from the priest in front of the door. Later that day, a British police officer on vacation came in and got his hair cut. He then asked how much it was. The barber said, "No charge. I consider it a service to the community." The next morning, he came to work and there were a dozen donuts and a thank you note from the police officer. Then, a Nigerian Businessman came in and got a haircut. When he was done he asked how much it was. The barber said, "If you are really a Nigerian then you don't have to pay since you are from the same country as Akeem Olajuwon the basketballer." The next morning, the barber came to work and there were 12 Nigerians in front of his door waiting for a haircut!!! Join us at unlimited laughter 👈
I am not Pakistani, I am Indian. But mai inse Capitalism par bilkul bhi agree nahi karta. Free Market Capitilism is the least imperfect economic system. Aap log Communist economics se experiment kar ke dekh hi lo ek baar, dir tasalli ho jae ge. Apne country me Import ban kar do, aur Private buisness ko bhi ban kar do. Fir dekho. 1991 tak hum bhi Socialism and License Raj ka model follow karte tha. Government economy me sab kuch control karti thi. Humara haalat bahut kharab ho gaya tha iske wajhe se. Hume bhi IMF ke paas jaana para, aur Hume bhi Bailout karne ka yahi sart tha ki Free Market economics ke taraf move karna hoga ga. Uske baad se dekho, humara growth rate badhne laga. 🙏🏼As an Indian I thank IMF kyu ki IMF ne Indian government ke sar par bandook rakh ke economy ko open karwaya. Ye nahi karwata to aaj bhi hum wahi 2% growth Wali economy hote. Thank you IMF❤
@@arindamsaha735 Yeah, because we didn't did reforms as fast as it was required. Just for example- Private companies were not allowed in Space sector till 5years ago. It took us, 30 years more to open the sector for private companies. This was just one example, there are many sectors, which are not open for private players which got open very late. We didn't had Insolvency and Bankruptcy code till very recently (3years ago) We didn't had Inflation Targating regime for Centrak Bank till 2015. We lagged behind China in building up Soft and Hard Infra which resulted in lost productivity. And there are many more such things which were not done. So aisa nahi hai ki 1991 karna galat tha. Wo to karna hi tha, but uske saath saath aur bhi bahut kuch karna tha, Jo bahut late se kiya. Aur abhi bhi bahut bottelneck hai jo katna baaki hai, jaise Enforcement of Contract via Judicial Reforms ( kyu ki koi buisness dispute ho jae, aur Court jana pare to saalo lag jaate hai), Burocratic Reforms etc..
یار اکانومی کے مسایل کیوں ہیں اور ان اک حل کیا ھے میرے دل کی بات کی ھے یہی میں بھی اک عرصے سے سوچ رہا ھوں بلکل یہی صیح حل ھے کاش کوی حکیم اس ملک میں پیدا ھو جو اس درد کا حل تلاش کر سکے
Kindly invite javed hasan on your podcast and request him to give other side of the story. He seems to support IMF policies proposed for Pakistan. And also carry the conversation in layman terms just like you did here with respected Dr taimur.
پانچ دس فیصدی اسی نوے فیصد کی چھوٹی چھوٹی خوشیوں کو نچوڑ کر بڑا جشن خوش کرتے رہے کر رہے اور کرتے رہیں گے، اگر اس سرکل کو توڑنا ہے تو ایک بھرپور انقلاب بے شمار قربانیوں کا تقاضا کر رہا ہے، کامیابی حاصل ہوئی تو خوشگوار جشن مقدر بن سکتا ہے، پھر بغیر قربانی کے ہوگی من مانی، ان ادر ورڈز 🎉موجاں ای موجاں 🎊
Pakistan was born a weak state. Soon after independence, Pakistan’s founder Muhammad Ali Jinnah asked the US, in a letter sent with his emissary, for $2 billion in military and financial aid, including $170 million for the army, $75 million for the air force, $60 million for the navy, and $700 million each for industrial and agricultural development. He had made a cultural choice.
This was another blunder by Mr Jinnah…… he should have asked for the establishment of modern educational institutions like Mr Nehru asked USA to establish IITs across India….. and we can see the results today…..
So india never asked for military assistance? They build their army by their own ? I don’t think without foreign assistance or aid they could build such an army and nuclear arsenal in such short span of time.
I would disagree with Taimur Rahman on his economic viewpoint, no country can’t run without importing goods which are needed to run its economy, no country produces everything, almost each country import something or the other , even China does but it doesn’t mean it’s bad economics , it’s a question of how and where you use those imports in an economy, some do it in an efficient and productive way and hence they get economically sufficient with time and gradually economically stronger , there should be a mix of free market economy rather than completely disowning the idea
He was proposing for immediate solution....rn we can't just afford to import...we need drill machines to mine raw materials so that we can locally manufacture them into products, instead of importing them, but yes you are also right in some way too definitely....
extremely sensible man mr. Taimur , I hope these greedy uneducated politicians are listening ... please start a petition in Pak so that public opinion can help these good people come into power .
I am not Pakistani, I am Indian. But mai inse Capitalism par bilkul bhi agree nahi karta. Free Market Capitilism is the least imperfect economic system. Aap log Communist economics se experiment kar ke dekh hi lo ek baar, dir tasalli ho jae ge. Apne country me Import ban kar do, aur Private buisness ko bhi ban kar do. Fir dekho. 1991 tak hum bhi Socialism and License Raj ka model follow karte tha. Government economy me sab kuch control karti thi. Humara haalat bahut kharab ho gaya tha iske wajhe se. Hume bhi IMF ke paas jaana para, aur Hume bhi Bailout karne ka yahi sart tha ki Free Market economics ke taraf move karna hoga ga. Uske baad se dekho, humara growth rate badhne laga. 🙏🏼As an Indian I thank IMF kyu ki IMF ne Indian government ke sar par bandook rakh ke economy ko open karwaya. Ye nahi karwata to aaj bhi hum wahi 2% growth Wali economy hote. Thank you IMF❤
Very good discussion by Dr. Taimoor . I agree with him regarding diagnosis of our economic destruction . But I disagree partially about remedy he suggested for economic revival . Our main problem is political uncertainity , lack of economic reforms for sustainable growth and mismanagement or bad governance . In today's world we can not follow socialist economic policy . We need a powerful leadership like Dr. Mahathir muhammad of Malaysia , Tayyab erdowan of Turkey and Mrs. Hasina Wajid of Bangladesh , these leaders have successfully changed or improved their economy through present capitalist economic system. So I suggest we should support any such leader who can change our economy by reforms . Only agitation on streets cannot change our economy . Thank you .
kindly have a normal balanced audio and music range. sometime the sound goes too high as in the intro then i have to lower the volume then it goes quiet again when the talking start but then i have to adjust it again to listen because the sound is too low..
Very informative, but my question is, if a matric pass house wife can made a house budget then why the IMF and WB appointed Finance Minister can make a balance budget. Because the appointed FM is their employee not a public servant. Everyone know this then why it cannot change.
Great talk with actual facts. If Pakistani people want to improve their lives they must not support any political party. They should only support their basic rights.
Naeem Bhai ho sakta hai aap ko koi aur guest ki baat satisfied ho Lekin dr. Taimur ne jo Pakistan ki problem, aur IMF ki strategy, aur us ke solution bataye hai woh mujhe isse phele kabhi bataye gaye, specifically IMF ki strategy... Is se pahle me sirf sunta tha ki IMF ayesa hai... waisa hai...lekin asal problem kisi ne ayese nhi bata all though mein aap ke podcast bahut time se follow kar raha hun Love from India
I've been following Dr. Miftah Ismail, Dr. Qaiser Bengali, Shaukat Tareen, Ali Rizwi, Uzair Younas, Asad Umer and others, all of them have their own remedy for fixing the economy and most of their solutions are meant for long term, they were not short sighted or doesn't offer instant relief to the awaam. Now, while most of them have their differences, technical or political, their cry for help is you can't change anything within the system. The day you make an significant change, and it if hurts the benefits or well-being of decision makers here, they replace you, or turn your own people against you. You are basically helpless even when holding the FInance ministry, and you basically have to do what you are being told. You are not given any space or confidence to make any necessary changes yourself.
Taimur sir completely portrayed free trade arrangements as anti-developing countries. However, developing countries enjoy special privileges when they export to developed countries. Secondly, the transport of goods across countries is managed by a postal system, where developed countries pay money for a fund, which subsidizes transport costs for moving exports from developing countries. That's the same reason how China is able to ship a $1 toy to a US resident for free, despite the fact that the cost of transporting that cheap product is actually more than the product cost ($1). Just that the transport cost is subsidized by the world's postal system, because China is still categorized as a developing country.
34:51 -,If this is the level of a professor in Pakistan , I have no doubt why they dont progress . *Dhirubhai* *Ambani* ( 🇮🇳) , *Jack* *Ma* ( 🇨🇳) , *Steve* *Jobs* ( 🇺🇸) all were born in Middle class families and they were all examples of poor becoming Rich . Pakistan doesn't have that kind of support system or Education is the reason why they are still worth nothing. This fool breaks the basic of Economics . Have he ever heard countries like 🇰🇷 🇸🇬 who grew from rag to riches embracing free market economy .
@@masroorkhalil9655 I'm Indian. I have no hate for Pakistan. But currently you are neither promoting local industry nor you are opening for big tech to invest .
Sir bahut hi accurate or bahut hi pyari Guftagu ki aap logu ne lekin subse barra masla ye he humara k jab hum system se bahir hote hein tu hume subkuch saaf nazer aata he lekin junhi In hote hein system me Gul Mil jaate hein.
Ye sahab podcast mein kafi optimistic h about Pakistan but the reality is wahan public unrest is slowly taking shape. And if this continues ye bhot bada civil unrest ka form le lega.
@@priyakanjilal7748 Aur kar hi kya sakte hain yeh log, chtye sar ankhon par baithe hai, anpad qaum hain, also the fact that nearly 40.2% of their populace falls under 15, and mere 3.2% are over 65. (from 2017 census) As history accounts, that degree certains a youth bulge itself a ticking bomb of terrorism, civil unrest or (if optimistic) a revolution. Bilashuba bhagwan ki lathi mein awaz ni hoti hain.
@@priyakanjilal7748 lo agye US aid pe palne wale apna opinion leke. Even your educational institutes like iits were established with help from US and Soviet aid. Pakistan agay badega ya nahi, you don’t worry about that. Tum log thodi apni bhi innovation karo. Kabtak west ko copy karte rahoge in almost everything.
Ye dekho Indians name rakh ke aa gye us agents , nalle , Indians believe in socialism form of economy, we hate capitalism and world bank , imf etc .....samjjhe champak
@@9Rehankhan19 haan to ? Pakistan to bheekh pe shuru se ab tk pal rha and maze ki baat ye h ki ab woh bhi nhi mil rha h. Jab desh azaad hota h to hr country help leta h. But after 75 years of creation if a country is begging for money or grants then it's shameful
In my opinion: 1) Imran Khan sab and pti have tried to make long term policies like tourism, ehsas programme etc etc but they were ousted from govt by corrupt mafias cuz he was against them as well. 2) You should call Asad Umar in your podcast now and discuss all of this with him cuz most probably he will be the next finance minister of Pakistan. We would love to listen.
mai bohat buri taklifon wali jismani mazori me mubtla hun please mere liye dua kijiye ya allah hm sb pe rehm frma hm sb ko muaf kr k or hr tklif se nikal de mustafa k wastey aameen :'(
Why the budget made at a home can not replicated in the state level because it's structure and roll in society is more complex and what the public wants from the state can be counter productive to the economy in the long run look at protest in France over retirement age why does no one say who will flip the bill if changes are not made because the public what's more from the state then is economically viable
Dr Taimur is a wonderful scholar. Absolutely loved his talk here. Really annoyed by the host's pretentious efforts to sound like an intellectual, though.
I am not Pakistani, I am Indian. But mai inse Capitalism par bilkul bhi agree nahi karta. Free Market Capitilism is the least imperfect economic system. Aap log Communist economics se experiment kar ke dekh hi lo ek baar, dir tasalli ho jae ge. Apne country me Import ban kar do, aur Private buisness ko bhi ban kar do. Fir dekho. 1991 tak hum bhi Socialism and License Raj ka model follow karte tha. Government economy me sab kuch control karti thi. Humara haalat bahut kharab ho gaya tha iske wajhe se. Hume bhi IMF ke paas jaana para, aur Hume bhi Bailout karne ka yahi sart tha ki Free Market economics ke taraf move karna hoga ga. Uske baad se dekho, humara growth rate badhne laga. 🙏🏼As an Indian I thank IMF kyu ki IMF ne Indian government ke sar par bandook rakh ke economy ko open karwaya. Ye nahi karwata to aaj bhi hum wahi 2% growth Wali economy hote. Thank you IMF❤
jaab appkee passs budget mee paisa hooga too tab heee appp extremisim or terrorist keee narrative see fight karsakteee hooo naaa india keee economy kese increase horae hain jab unone make in india shoru kiyaaa or unone neee international market keee pressure mea ye bagair russia seee oil purchase kiya
The discussion flew over me.. why it's IMFs obligation to follow the rules of the debtor? Is IMF an NGO? NO.. They are creditors and like any other creditors they will require the return with interest. If they don't, they will ask the debtor to fix and churn out the money from wherever they can. The IMF doesn't print money, they also have to answer people who lend money to the IMF. But the professor here only blamed the IMF. But who told Pakistan to go to the IMF? America? India? Israel? Instead of blaming the country and the leaders the professor is more inclined to blame capitalism and IMF. While there are hundreds of successful countries out there who have done and are doing great with capitalism. From Jinnah to the current government everyone looked outside for money instead of being productive.. first loan was 5 billion by Jinnah so what did you guys do with those billions? Why weren't you guys able to pay up that loan instead of borrowing more? Where's the critical discussion? I guess this is why people say that Pakistan is not a poor but highly missmanaged country. All the answers to the problems are outside and speculative.
Simple counter of him saying they r rich coz of colonialism yes,it's true but,how were they able to colonize,coz they had capitalist systems which allowed innovations and inventions lyk steam engine,telescope,mass production of ammunitions,modern guns tanks etc,which gave them d ability to colonise India and other countries!!
Fuel subsidy was the nail on the coffin for pakistan BoP crisis. India is taxing 60-80% on petrol. And so are most countries. Meanwhile Pakistan was giving subsidies on petrol.
