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Hafiz Pasha | Why Pakistan’s Economic Doom Demands Urgent Reforms | InferTalks 

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Dr. Hafiz Pasha, #professor Emeritus, Department of Economics, Beaconhouse National University, Lahore (#BNU ) speaks with InferTalks host Usama Nizamani on the growing nature of severe economic challenges. Will #Pakistan muster the will and intend and unroll the measures to bring about economic discipline, or will it remain perennially evasive for Pakistan?
Watch InferTalks latest episode for an insight into Pakistan’s sore points of economic misgovernance, and whether a remedy is possible.
Chapters
0:00 to 0:39 Highlights
0:40 to 1:12 Intro
1:13 to 05:33 What are some of the chronic problems of Pakistan’s economic crisis?
05:34 to 08:13 What did Bangladesh and India do to increase higher ratio of foreign investment to GDP?
08:14 to 10:37 Is there any way to woo the agricultural sector to wean away from sugar to cotton production?
10:38 to 12:41 As a policy maker, will you extend insurance policy to farmers to encourage the production of cotton crops?
12:42 to 16:04 Are lower tariffs contributing to Pakistan’s circular debt?
16:05 to 18:10 How urgent is the renegotiation of tariffs with the Independent Power Plants?
18:11 to 19:56 Can economists be empowered to insulate populist pressures from the ruling elite to encourage unpopular and serious economic governance?
19:57 to 21:27 What is state and elite capture?
21:28 to 22:01 How much is that in percentage?
22:02 to 22:40 How much tax do we earn from urban properties?
22:41 to 23:19 Did you have struggle trying to tax these two areas?
23:20 to 23:51 When did you introduce the defunct agricultural tax?
23:51 to 24:52 The size of the retail sector in Pakistan which remains untaxed?
24:53 to 25:09 Why is there a reluctance to three sectors in the tax net?
25:10 to 27:16 Why does Pakistan need to be told from the IMF, when it knows the problems and the prescription? Can we really afford to delay these measures anymore?
27:17 to 27:35 What portion of the budget are the interest payments on our debt?
27:36 to 28:03 That’s tragic
28:04 to 31:36 Can the governance machinery be converted into driver of economic growth for foreign investors?
31:37 to 33:37 How could illicit transactions be reduced from our regulatory framework?
33:38 to 35:28 What would you as a foreign investor look for in Pakistan?
35:29 to 37:48 What difficulties did you face as a minister?
37:49 to 40:28 What skillsets is the BNU offering to enable economists to solve future problems of Pakistan’s economy?
40:29 to 44:10 Will BNU shape attitude and skillsets in persuading and impressing upon the ruling elite to take unpopular economic decisions to bring about economic discipline?
44:11 to 46:33 What are some of the accomplishments achieved by the alumni of department of economics from the BNU?
46:34 to 47:21 Outro

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29 июн 2024

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Комментарии : 54   
@shoaibghori8939
@shoaibghori8939 11 месяцев назад
The best show I have seen on Pak economic ills and possible solutions to revive the economy.
@unibks4382
@unibks4382 9 месяцев назад
Pakistan's economic problems are symptoms of its geopolitical problems. Pakistanis will never prosper until they fight for independence from Pakistani Generals and the Anglo-$axons and switch sides in the Great Game. 200 years ago 5,000 British soldiers along with 12,000 sepoys crossed the Indus River and entered Afghanistan and carried out regime change by overthrowing King Dost Khan of Afghanistan in an unprovoked act of aggression. The British Empire feared King Khan may form diplomatic relations with the Czar of Russia. The Royal Grand Indus Army that owns, occupies and ru(i)ns Pakistan maintains Britain's imperial legacy and enforces British foreign policy in Afghanistan and Indus valley for a fistful of $$$. The Great Game or Ghazwa-e-Rus.
@bhaveshpatel7042
@bhaveshpatel7042 10 месяцев назад
Where are your business men, JUST in state of GUJRAT, MR. ADANI IS building 20GW solar plant at investment of $21 billions. Can 20 business men in Pakistan can do it together?
@bhaveshpatel7042
@bhaveshpatel7042 10 месяцев назад
Indian government collects $ 20 billions in GST per month. Your federal budget is less than $ 45 billions.
@tahaabbasi7626
@tahaabbasi7626 10 месяцев назад
Sugarcane is a perennial crop, for a correct comparison of water consumption Cotton + Wheat water requirements must be added together to match the crop duration of sugarcane. Otherwise you are comparing an annual crop with a seasonal crop, and in terms of input requirements, the seasonal crop will obviously have lower requirements.
@radiaapache3779
@radiaapache3779 9 месяцев назад
This is a fantastic and lucid description of Pakistans economy. Not only its economy but its total state of affairs. This talk is as beautiful as any ghazal full of laments and ode’s . Unfortunately it is like all ghazals a story of unrequited and unattainable love. This time for Pakistan. Because neither the politician nor military leaders will listen to a economist. 👋 Wah kya bhat hai.
@1289174
@1289174 9 месяцев назад
Last 4 to 5 questions was on bnu promo. Lastly Pasha sb spill the beans when he said one classic example of his institute sucess is one of his students done phd and now teaching in Canada. Wow
@hameed-kakar
@hameed-kakar 10 месяцев назад
It stood true that economist is a person that only knows the reasons of happenings. And can't predict into the course of future. Its bcz when all this economic mess was cooking where these economists actually were hiding
@user-ww2lc1yo9c
@user-ww2lc1yo9c 9 месяцев назад
They were playing golf I guess
@radiaapache3779
@radiaapache3779 9 месяцев назад
Guys the tragedy is no politician or military leader listens to economists. Economists prepare papers and politicians/military leaders dump the papers for populist ploicies.
@noumansaghir6382
@noumansaghir6382 11 месяцев назад
Very informative podcast. Learnt a lot of new things. Pakistani economic sector is seriously messed up. It seems that we need some sort of change in whole political paradigm to counter this mess up.
@firozebukht8207
@firozebukht8207 10 месяцев назад
Pakistan railway also deteriorating and allocations required to manufacture carriages and develop a infrastructure for Engines making, infrastructure and machine shop is necessary which needs heavy investment.
@firozebukht8207
@firozebukht8207 10 месяцев назад
Investment in automobile manufacturing locally is required to save foreign exchange.
@firozebukht8207
@firozebukht8207 10 месяцев назад
Govt. Debt should be waived, it will not effect the economy however it will increase the prosperity and economic activities..
@sanjaysable2006
@sanjaysable2006 9 месяцев назад
Your people need to have love and patriotism for your country, in a constructive way of course.😊
@bhaveshpatel7042
@bhaveshpatel7042 10 месяцев назад
Do full digitization, have one sale tax like GST IN INDIA, you will bring cash transaction in open. India post country wide GST was collecting 40,000 crores, now after 7 years, collecting 160,000 crores. 45% GST GOES TO STATES.
@rakadus
@rakadus 10 месяцев назад
As per a SBI report the informal economy's share in the GDP has fallen from 52% to 20% over the past 10 years.
@getevennow
@getevennow 10 месяцев назад
Investment in human capital will change the game by massive cut in defence spending and end of tax exemptions worth 3000 billion Rupees to Military Inc 😅
@manojthaker3678
@manojthaker3678 10 месяцев назад
Bangladesh owes PAKISTAN US$ 50 Billions for development and defense expenses from 1947 to 1971. Compound interest is piling up.😅
@user-ww2lc1yo9c
@user-ww2lc1yo9c 9 месяцев назад
Bangladesh paid price in blood.
@manojthaker3678
@manojthaker3678 9 месяцев назад
Laugh at it. joke@@user-ww2lc1yo9c
@user-mk4cl3gc1f
@user-mk4cl3gc1f 11 месяцев назад
Отлично отличный уровень
@bhaveshpatel7042
@bhaveshpatel7042 10 месяцев назад
Last financial tear, India exported and imported $775 & $ 925 billions, respectively. Since PM MODI AT HELMED, India saving and investment rate at 30% of GDP. FDI, FTI, REMITTANCE AND & tourism get $ 200 billions.
@firozebukht8207
@firozebukht8207 10 месяцев назад
Investment to reduce imports should be the priority.
@unibks4382
@unibks4382 9 месяцев назад
Independence from Pakistani Generals should be top priority.
@firozebukht8207
@firozebukht8207 10 месяцев назад
Necessary Cash influxes is required for automobile manufacturing locally.
@harishpatel1988
@harishpatel1988 10 месяцев назад
Why are your "HUGE UNEXPLORED MINIRAL DEPOSITS" not explored ???
@ArmageddonIsHere
@ArmageddonIsHere 9 месяцев назад
Very easy to make a new country (only 14 years from concept to creation in this particular case - all you need is to be violent enough eg.: Direct Action Day), but really hard to keep that country going. As Jinnah's political descendants are finding out. Too bad Jinnah didn't live long enough to find that out himself.
@unibks4382
@unibks4382 9 месяцев назад
Paki$tan is a highly successful Garrison $tate. 200 years ago 5,000 British soldiers along with 12,000 sepoys crossed the Indus River and entered Afghanistan and carried out regime change by overthrowing King Dost Khan of Afghanistan in an unprovoked act of aggression. The British Empire feared King Khan may form diplomatic relations with the Czar of Russia. The Royal Grand Indus Army that owns, occupies and ru(i)ns Pakistan maintains Britain's imperial legacy and enforces British foreign policy in Afghanistan and Indus valley for a fistful of $$$. The Great Game or Ghazwa-e-Rus.
@nizamdeen3442
@nizamdeen3442 11 месяцев назад
what was muted at 16:41 ??
@inferdigital
@inferdigital 11 месяцев назад
We didn't mute out anything. It must have been a glitch. Apologies for the inconvenience. Thanks for bringing this to our attention.
@unibks4382
@unibks4382 9 месяцев назад
200 years ago 5,000 British soldiers along with 12,000 sepoys crossed the Indus River and entered Afghanistan and carried out regime change by overthrowing King Dost Khan of Afghanistan in an unprovoked act of aggression. The British Empire feared King Khan may form diplomatic relations with the Czar of Russia. The Royal Grand Indus Army that owns, occupies and ru(i)ns Pakistan maintains Britain's imperial legacy and enforces British foreign policy in Afghanistan and Indus valley for a fistful of $$$. The Great Game or Ghazwa-e-Rus.
@firozebukht8207
@firozebukht8207 10 месяцев назад
Pakistan urgently required high productivity and bumper crops.
@firozebukht8207
@firozebukht8207 10 месяцев назад
Buses , Trucks, Dumpers, railway etc consumed the foreign component.
@unibks4382
@unibks4382 9 месяцев назад
Pakistan's economic problems are symptoms of its geopolitical problems. Pakistanis will never prosper until they fight for independence from Pakistani Generals and the Anglo-$axons and switch sides in the Great Game. 200 years ago 5,000 British soldiers along with 12,000 sepoys crossed the Indus River and entered Afghanistan and carried out regime change by overthrowing King Dost Khan of Afghanistan in an unprovoked act of aggression. The British Empire feared King Khan may form diplomatic relations with the Czar of Russia. The Royal Grand Indus Army that owns, occupies and ru(i)ns Pakistan maintains Britain's imperial legacy and enforces British foreign policy in Afghanistan and Indus valley for a fistful of $$$. The Great Game or Ghazwa-e-Rus.
@firozebukht8207
@firozebukht8207 10 месяцев назад
Stop unnecessary import, lot of money spent in import economy and the money making machines should be stopped.
@kayaar00
@kayaar00 10 месяцев назад
tell me something new
@rafiquemohammad294
@rafiquemohammad294 9 месяцев назад
Hafiz Pasha was Finance Minister , What was his contribution for the country , it's easy to talk n criticize just for the sake of it
@quddusquddus136
@quddusquddus136 Месяц назад
No idea why a man with “Bismillah” would like to waste time fiddling with a man-made disaster . At least Mr. Wise man hasn’t lost the gift of expression.
@HOG1070
@HOG1070 9 месяцев назад
you guys still do not understand...a very fundamental thing! get rid of blasphemy law and everything will be fine. No one wants to come to Pakistan, especially non Muslim business mens ...you never know who will charge you. Thats a scary situation
@manojkumarsahoo3119
@manojkumarsahoo3119 9 месяцев назад
Very good discussion but sir doesn't tell what is the main problem in Pakistan. The problems are Madrasa education Mulla & military rules Women's rights Corrupt policy Radicalization Promotion of terrors Lack of good education Kashmir Pakistan is going to stone age. The feature is dark. Main cause mix islam with every thing.
@unibks4382
@unibks4382 9 месяцев назад
Rubbish. Pakistan's economic problems are symptoms of its geopolitical problems. Pakistanis will never prosper until they fight for independence from Pakistani Generals and the Anglo-$axons and switch sides in the Great Game. 200 years ago 5,000 British soldiers along with 12,000 sepoys crossed the Indus River and entered Afghanistan and carried out regime change by overthrowing King Dost Khan of Afghanistan in an unprovoked act of aggression. The British Empire feared King Dost Khan may form diplomatic relations with the Czar of Russia to help Afghanistan restore its lost empire in the Indus valley. The Royal Grand Indus Army that owns, occupies and ru(i)ns Pakistan maintains Britain's imperial legacy and enforces British foreign policy in Afghanistan and Indus valley for a fistful of $$$. The Great Game or Ghazwa-e-Rus.
@zafarsoh9497
@zafarsoh9497 9 месяцев назад
The first step Pakistan should take is to throw out corrupt guys like Pasha. He and his ilk have stolen all the aid given to the poor in Pakistan, just go and see the lavish lifestyle he lives. These guys literally snatched food from the hands of the poor children. So don't pay any attention to his pompous gibberish now.
@unibks4382
@unibks4382 9 месяцев назад
Dr. Pasha has got it all wrong. There is only one solution to all of Pakistan's problem and that is to switch sides in the Great Game. 200 years ago 5,000 British soldiers along with 12,000 sepoys crossed the Indus River and entered Afghanistan and carried out regime change by overthrowing King Dost Khan of Afghanistan in an unprovoked act of aggression. The British Empire feared King Khan may form diplomatic relations with the Czar of Russia. The Royal Grand Indus Army that owns, occupies and ru(i)ns Pakistan maintains Britain's imperial legacy and enforces British foreign policy in Afghanistan and Indus valley for a fistful of $$$. The Great Game or Ghazwa-e-Rus.
@sandeepkumarkhuntia8839
@sandeepkumarkhuntia8839 10 месяцев назад
Pasha is Turkish surname and Indian converts of hindu origin pretending to be turkish, shame shame ...
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