As per Dr Hasnain, India’s politics is built on vilifying Pakistan. But even a cursory reading of Pakistani news over time suggests that their Primary focus as a culture and country has been distorted to being anti-India. Even as a non-BJP supporter, I can appreciate the dilemma of Govt of India: beyond the histrionics of politics, the LoC will end up as a International Border. This is definite. But to move towards mending relationships with Pakistan is to reward the Pak Army which is only talking the rhetoric of Geo-Economics as it needs a better functioning economy to fatten itself. Finally, till Pakistan does not have civilian supremacy - any mending of relations with India will not have any domestic legitimacy in Pakistan itself. This is the challenge to India-Pakistan relations.
Don't be so sure on LoC becoming border. Pakistan may not last till 2047. Pashtuns, balochs, Sindhi all have differing views from the dominant paki Punjabi community.
As an Indian listening to this gentleman, I find it astonishing he identifies the Pak Army Officer Corps, especially the Higher Command, as patriotic and meritorious. What kind of patriotism leads to decisions like land grabbing, plot cutting, looting a nation's resources and moving to foreign lands, en familia, after retirement? What meritocratic patriot buys expensive weapons for generations, torpedoing the economy forever? No Pakistani should be ready to die on this ignominious hill. Is this "economist", who appears to be biased in favor of Pak Armed forces (probably coming from such a background), even well educated??
Pak youtubers are all Pinglish speaking pretentious dolls. Not one, repeat not one has the basic common sense and/or guts to day that religion and the military has completely ruined them. So you get all this bs.
Army has had the longest uninterrupted reign, on four different occasions ,yet accountability should be of the politicians alone. None of the politicians has had even four continuous years in power!
it looks like the mili naghme, tarane and dushman ke bachon ko padana propaganda by the hyperislamic PakiFOJ has clearly worked well...........for the brainwashing..........not for their economy
Narsimha Rao government who started liberalization in India, lost re-election. Vajpayee government who continued major reforms also lost re-election. Both were patriots who put national interest first over re-election. Þhe first 10-12 years of reforms are exceedingly painful. People who have lived much beyond their means will drastically see their standard of living fall. If you cannot bear the pain associated with 4 months of Miftah, how will you bear 10-12 years of pain?The pain is not theoretical - it IS real.
Dr Ali is not only pragmatic and problem solver , he also has a vision as an individual and as a nation. Its surprising to see so many people on the podcast that are real gems but being suppressed by pak establishment. A great podcast shehzad bhai . You are definitely doing your bit to highlight these individuals and hopefully some day these gems will take pakistan in right direction . Enjoyed the podcast 👌
I really like how calm and controlled Dr sahab is. Even at one point, Shahzeb seemed more aggressive. Became a fan of dr sahab. I am glad he came back to Pakistan.
Nafrat bhi nahi dost. India mein kisi ke paas in aaloo ke chilkon ke liye time nahi hai. But we have started throwing their shit back at them fast. Woh inko bura lag raha hai. Pehle hum gaali khaa lete the. Ab khilaana bhi start kar Diya hai India ne. Inko swaad nahi laga 😂
The bulk of people leaving from ISB airport are daily wage workers. The departure gate is packed with people from all over northern areas of Pakistan who mostly leave for Arab countries. Incoming is nonexistent in terms of international travelers and most incoming are those same people coming home. It's not "empty", rather the arrivals are empty where as departures are full.
The fact that Pakistan is still going to continue to siphon huge chunks of money it doesn't have into its Armed forces, should be a source of great solace to Indian policy makers
As a politician i would go to the army and say that in 1991 the ratio Pak defense budget to Indian defense budget was 1:3. Now despite maintaining a high defense expenditure, the ratio is 1:10. This negative direction will continue unless reforms are brought in, which will also affect military adversely. What would they say? Secondly after 8th finance commission, 58% of revenue goes to provinces which military cannot touch. So to say that politicians have only 10% to play with is not factual.
Get your facts right.price of petrol in India is Rs 96, at Purchasing power parity ratio of 1.44 to 1 its Pakistan equivalent willbe ₹ 142 Pakistani.India has 32.64 crore motorized vehicle & 1000 kms of metro rail network. Fact 2 -- poverty level at $3.65 per day per person Pakistan poverty level -39%,India-16%.In the last 15years India has taken 41.5crore out of poverty
Atleast chalo ap logo ne Manna start tau kia k somehow Pak is involve in 26/11 directly or Indirectly. Javed Akhtar when said the same thing in Pakistan he was criticised. 26/11 is one of the many reasons k india has not given visas for World cup
1. Today it is the anniversary of 26/11 Mumbai attacks for us. We lost so many innocent lives in this terrorist attack emanating from Pakistan. We are losing precious soldiers in Kashmir on a regular basis. 2. India witnessed the genocide of Kashmiri Pandits, again due to terrorism. 3. Bangladesh witnessed the genocide (murders, rapes) in 1971, and it is well documented. The Pak govt has not even said sorry to Bangladesh till date. The current generation of India will not forget and forgive anyone. Pakistan is moving towards being a completely failed state and mark my words, it will be ruined due to its bad karma. The main reason for downfall of Pakistan will be the silence of its citizens against all atrocities. They have been silent against terrorism. Now, they are witnessing the effects of their silence.
Ali was brilliant as always. Also, completely agree on UBI Shehzad. However, I'm always concerned about how developing/underdeveloped countries would sustain UBI especially in a scenario where the developed economies have far less demand for our labour.
Mr Shehzad if there are so many intellectuals are there in Pakistan,then why it had not progressed and prospered in 75 years. This may be the last chance for Pakistan to think pragmatically, shed old outdated thinking because now the world has changed. It may not give same type of aid, help to Pakistan. The problem in Pakistan is that their citizenry is so much radicalized by the leaders it has become difficult for themselves to come out of it.
TPE, you rock! You are now a foundation stone in Pakistani culture. In 10 years, TPE will be a shining palace and a light house creating new culture. Central Nervous system was mentioned 23 times! Keep this as a trend going. We need it. Muscle is mightier than Nervous system. So it is tough for the current people to evolve a working nervous system. Also, the future cannot create a nervous system as they are all out of school. Finally, it looks like only a TTP-TJP and it offsprings can overpower the current muscle power. So, this looks like the most evident future. Congrats to everyone 👏
Even if army has a meritocracy system which allows ppl to come to the top. Does that mean, they are capable enough and have the expertise to run an entire country singlehandedly as a dictator.
USA probably has the best people in its military. But if they rule USA, it will collapse. Pakistan military is a joke, full of Punjabi thugs and you can see what they have done to the country.
Loved the show, regarding India pak relationships, the uniformity between is much more than the uniformity within and steps like TPK are in the right direction!
Excellent Shehzad Vlog with Dr. Ali Hasanain. Problem with Pakistan is how to deploy their best resource and that is their young people and create something that rest of the World needs.
I think your guest is being economical with the truth. Trade was stopped by Pakistan not India. India gave one sided MFN for a long time (before finally losing patience and revoking it) , Pakistan never extended it. So while both sides might have camps on villifying the other, trade was stopped by Pakistan. India could have stopped trade after 26/11 or any other of the numerous terrorist attacks but didn't.
You said Benazir was in power for 1.5 years, Nawaz for 2, Benazir for another year and Nawaz for 2. This totals 6.5 years. Those numbers are wrong. Benazir was in power for 2 years, Nawaz for 3, Benazir for 3, and Nawaz for 3. Total was 11 years from 1988-1999.
پاکستان میں ترقی ممکن ہے اگر مدرسوں کو اسکولوں میں بدل کر جدید تعلیم سے نئی نسل کو روشناس کرایا جائے. اسلام مذہب فقط کتابوں میں اچھاہے.حقیقی دنیا میں اس کے نتائج ہولناک ہیں.
I didn't hear the whole podcast.... fell asleep, it helps me with my insomnia. Did I hear correctly...someone said something about a "benevolent dictator"????😮
Amazing podcast Shahzad . Have been following you (and strongly recommending your podcasts) for more than a year now. Hope you continue and do much more of this great work. Just a comment - sometimes your personal bias (which I mostly agree with) comes out too strong and sort of limits the conversation. I’m no expert on journalism and podcasts at all - but from an avid listener , I would suggest if you hold it back a bit, it would add to making the dialogue more fluent. In any case, super work and please keep informing the electorate.
This is not an oddity! For instance, the chair of the Department of Political Science at McGill University in Montreal, Canada, after serving out his tenure as the department head Professor Manfredi reverted to his position of associate professor.
Thank you Mr Ali. Glad to hear, it's not the FM, it's a political will (as you mentioned, the big boss, in India it's the PM and Pakistan, it's PM and/or combination of PM and Army) which could make the reforms work. In India, it's Mr Rao, the then PM (also, a minority govt (Congress party did not have the full majority in the house), who captained these reforms. He gave Mr. Singh, the then FM, freedom to do what's necessary.
Taimur Rehman gives example of UAE and HK who have dollar peg to justify it in Pakistan. Both countries have huge current account surplus and large reserves. Pakistan has neither. His argument was fatally flawed.
1:38:47 the debate about pet food, and it being millions of dollars is stupid, in my opinion. If the dollar is determined by the market, people will stop buying expensive food, the people who still can will, and pay taxes on it. When we say “tightening the belt for a few years”, have $ reach it’s market value is that. Making things expensive, so we Pakistani’s start living within our means.
Two pronged solution to all financial crisis of Pakistan is 50% reduction in its army in terms of size and spend and mandatory showing of income tax paid receipt before any luxury purchase or real estate including land.
1:49:09 I had high expectations on this question, but how can econ professor say this? how can any Govt tax unrealized gains? If Jeff Bezos is a billionaire, he is a billionaire on paper, if he decided to sell all his shares in the market today, the value given by investors to that share will fall. Unrealized gains can’t be taxed, the same as unrealized losses can’t be adjusted. Access to capital for billionaires can mean made harder, like taxing the loans / debt they take, or have regulations in place that not one person can own more than, let’s say a billion dollar worth of stock on a company, i one does, he will gradually have to sell. So they can be taxed on it.
Amazing series. Please try to invite Shahzed Khanzada, that journalist from geo. It would be interesting to hear from the mainstream a bit more cadidly.
As far as trade with India is concerned, India granted MFN status to PakistN in 1996. Pakistan never reciprocated. Eventually India revoked it after Pulwama.
Pak is living in a cocoon if they think only they can decide how to behave with neighbors. Pak govt sponsors terrorism in India and they expect India to still do GeoEconomics. Pak started wars with India and now they want peace and people to people contact. Buddy we don't want anything to do with Pak. You live your own life and we are living ours. We don't hate common Pak citizens but we don't like them either. Simple reason: The citizens are not doing anything to prevent terrorism industry in Pak. They can't even dare to protest and ask for intelligent people to come to power who can promote peace and education.
Dr Hasanain's point about the mindset in India after the Bombay attacks is perceptive. But there is a different dimension. We all know that all countries have their own share of whackos but civilized nations isolate and penalize them to serve as a deterrent. If such a follow-up had happened after the Bombay attacks, most Indians would have reconciled to the horror more readily and accepted the Pakistani state meant well. Instead the Pakistani authorities denied all knowledge and when your National Security Advisor (Gen Durrani) admitted it was the handiwork of Pakistanis, he was summarily sacked. The journalists who tracked down Kasab's parents were reviled as traitors. That is when Pakistan lost the plot because it looked that the government itself was part of the plan. So it was not the Bombay terror alone that created a deep revulsion in Indian minds but the reluctance of the Pakistani state to make the right noises and take steps that would have been reassuring to common Indians. Once established, a distrustful constituency is very difficult to fix.
Bahi Tum Sayad ek lote Ho pak main Jo fact par baate Karta hai.. I know India main Bhi bhut si problem hai lekin Fir bhi Hm Chhate hai ki India Pak Rishte Sahi ho Taki Dono desh Grow kar sake... Love From..🇮🇳🇮🇳 Brother...❤
Saudi Arabia and UAE both have large dollar reserves and current account surplus. Pakistan has neither. Indian currency 20 year back was 1$= 48 rupees and today it us 1$=83 rupees. Indian rupee does not have a dollar peg even though it has high reserves, because like Pakistsn it has a current account deficit. It's level of depreciation has been less than Pakistsn because it does much better in exports and much better in attracting foreign investment in industries as well as stock markets.
Defence budget including military pensions, ESGs, and other expenditure, etc, is 42% of federal revenue. Another 56% spent towards debt servicing. Only 2% remains for development. Huge sums are borrowed as short term 3 month bonds to keep white elephants like PIa, steel mill alive & to pay govt salaries. The only way 🇵🇰 can progress is through increasing savings & investment. 🇵🇰 can't borrow it's way to growth & productivity.
There shall be no trade. Pakistan can do all the trading with China, Iran, and Afghanistan. PoK should return to India but the people should move to Punjab province
Shahzad bhai if you have invited an expert dont try to push your beliefs on him, definitely challenge if you feel strongly about the topic but dont start claiming to be an expert yourself
Can you point out where exactly I did either of those two things? If you go back and watch the Taimur Rahman podcast, you'll see me pushing back making the points Ali Hasnain is making here. Pushbacks help the guest articulate their point even further and add depth to it, warna toh monologue hojaye, conversation kee yehi toh beauty hay - please don't think of these things as "pushing your belief" - matlab bhi kya hay iska boss? Mai nay kaunsa danda le kar unko bola meri baat mano :D
Very interesting conversation. It is always good to listen to academicians. Very well moderated by you. I am a avid follower and like all your podcasts.
Why isn’t the interviewee suggesting that Pakistani elite can invest into the economy to improve local manufacturing, 😮 change policies to improve the agriculture potential & create a policy framework that makes Chinese investments attractive in sectors where china is running out of workers.
Shehzad ghias has few comments from way out of the topic talk and he pulls the carpet from the speaker on those absurd illogical comments. At least let the economist talk and let him put his ideas through. Why do the RU-vidrs think they are the master of all trades !
Kya clickbait title hain... You cannot prevent collapse of an economy that has already all but collapsed, more than 13 times it has been bailed out by IMF/World Bank, which is nothing but ventilator support. As long as Pak Army eats 33%+ of budget kuch nahi ho saktha inka
Ali Hasnain is thinking style seems to be of a typical privileged Punjabi who apparently subscribes to a narrow version of National identity for Pakistan. In India there is a tremendous amount of subregional cultural pride that varies from State to State and even within a state. Yet, there is no dearth of pride for being Indian or of India. Hasnain, with all due respect, needs to talk to non-Punjabi intellectuals to identify the problems with forced/manufactured identities and a loss of healthy ethnic pride. That said, he is a fine intellectual and a fine economist and a credit to LUMS.
Shahzad great podcast, but you were way off, I mean I am not at all in favor of the janta but somehow you have completely ignored the incompetence and ineptness of the politicians as a ruling class, Dr Ali was brilliant in his analysis but I really felt it and more than once during the podcast that you were unable to control your biases and prejudices. Had you been doing something else wouldn’t have mattered much, but since you are doing this business you must be able to acknowledge and appreciate rational and valid arguments even if they are against your own long and firmly held beliefs, regards
Thanks but I don't know what particularly youre talking about, Ali and I spoke for a while after the podcast too, we agree on a lot more things than we disagree on, I think the pushback made for a better podcast. Mera kaunsa prejudice.
Haha he gave a very clear view of why relations between India and Pakistan will not normalise and trade will not happen. Post 26/11 there is a grass roots level negative view of Pakistan, so Indian politicians will have to spend tremendous political capital to overcome that. It is not worth it for them. And Pakistan has much more to gain from trade than India. For India the gains are negligible. So again it is not worth it to go against the popular sentiments for Indian poliitcians. Finally he says, in his own way, there is no way to normalise without Pakistan eating humble pie and abandoning long held positions. That is all there is to it. The only way this will change is if both countries have a lot to gain from normalisation, and not just Pakistan. India's threshold to come to negotiations will also come down if the perception of Pakistani society and people changes in India. You can have 100s of level headed conversations and videos showcasing friendship. All it takes is 1 news of some Hindu girl being abducted, some "blasphemer" being lynched etc for it to reinforce the negative view. Even in Pakistan it works the same way, but it doesn't matter because we Indians don't need any trade with Pakistan. Most Indian and Paki commenters are pretty stupid and tend to miss the forest for the trees.
