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What comes after the IMF deal? | Taxation Challenges | Debt Restructuring | Dr. Fahd Ali | Ep 162 

Pakistonomy
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In this episode, Uzair talks to Dr. Fahd Ali about the recent deal Pakistan reached with the IMF and what comes next. We also talked at length about the taxation challenges in Pakistan, whether the country needs debt restructuring, and what he would like to see policymakers focus on in the next 12 months.
Dr. Fahd Ali is Assistant Professor and Dean of Faculty of Humanities & Social Sciences at the Information Technology University. Dr. Fahd Ali did his PhD in Economics from The New School for Social Research. He also has an undergraduate degree in Mechanical Engineering from Ghulam Ishaq Khan Institute of Engineering Sciences and Technology, and two Masters in Economics from Lahore University of Management Sciences and University of Utah, respectively. His research interests lie in macroeconomics and economic history with political economy as theme common to both.
Before joining the Information Technology University, he was working at Habib University as an assistant professor in their Social Development Policy and policy programme.
Chapters:
0:00 Introduction
2:15 The IMF deal
16:10 Taxation challenges
36:50 Debt restructuring
52:00 Priorities for next 12 months
1:09:10 Reading recommendations
Reading recommendations:
- The Wages of Destruction by Adam Tooze
- Directorate S by Steve Coll

Опубликовано:

 

29 июн 2024

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Комментарии : 64   
@vibha9783
@vibha9783 11 месяцев назад
Your guest does not know India facts. Haryana was not separated by Modi from Punjab. GST reform did not happen without states’ consent . There are ongoing issues but need negotiations
@user-uh2zd4iu4z
@user-uh2zd4iu4z 11 месяцев назад
F you gst is a loot from North indusns for om south indians
@haider.ali90
@haider.ali90 11 месяцев назад
I think Modi government was a slip. He meant center could just create new states by legislation which very hard to do in Pakistan.
@bobohorns1730
@bobohorns1730 11 месяцев назад
Implementation of GST required the toughest Const Amendment, ie even after majority at C it required 50% States to pass with majority. GoI gave states the incentives of 14% YoY growth guarantee for 5 years, ie even If GST did not collect more tax it gave all state 5 yrs of guaranteed growth, which is equal to tenure of govt. Even though INC did not agree in start, being a federal polity lot of regional parties DID.
@jayantasarkar8358
@jayantasarkar8358 11 месяцев назад
Center and states in India have clear demarcation of responsibility with no overlap. Around 50% of states are from different political parties and are often at loggerhead with the center. States weild considerable power.
@himanv
@himanv 11 месяцев назад
There is a concurrent list of responsibilities in the constitution where state and center both share power.
@rajendrawandhare9114
@rajendrawandhare9114 11 месяцев назад
When Ur economy is shrinking how can u increase tax collection,When income of citizens is shrinking his purchasing power going down, the indirect collection will go down, thus income tax collection from enterprenur.Pakistan budget is fruad & piece of waste paper.
@siddharthatalukdar4227
@siddharthatalukdar4227 11 месяцев назад
34:00 Wow!! I didn't know Modi as a 16 year old had enough power to break Punjab into Punjab and Haryana 😮😮😮😮 FYI Haryana was formed in 1966. The latest state to have been formed was Telangana by Andhra Pradesh Reorganisation Act in March 2014 before Modiji came to power
@Charvak-Atheist
@Charvak-Atheist 11 месяцев назад
😅Some misconceptions about GST In this video was there. GST, koi Fedral Tax nahi hai. GST is taxed by GST council. Aur GST council me dono States and Center member hai. Infact, Center ke paas usme sirf 1/3rd voting power hai, States ke paas baaki. Aur Revenue sharing ka baat kare to, ye 50%-50% hai, every recipt me lika bhi hota hai. So, its neither Fedral Tax, nor it's State Tax. Rather, both State and Center gave up their right of Indirect Taxsation to GST council. Which earlier, both were taxing separately. So, jo Tax wasoolne wala Authority hai wo State ka hai, but States wasooli bahut achhe se karti hai GST ka kyu ki usme 50% share to unka hi hai. 😂 Note: Few items like, Petrol ⛽️, Alcahol🍻 and Tabacoo 🚬 are not included in GST regime. Wo un product par abhi bhi State alag se Tax lagati hai.
@sewaligoswami781
@sewaligoswami781 11 месяцев назад
You said it correctly
@rakadus
@rakadus 11 месяцев назад
"Only when the tide is low do you know who has been swimming naked". Pakistan has been swimming naked since its formation. Now that tide of geopolitics is low, its there for everyone to see.
@duttadebadrito8846
@duttadebadrito8846 11 месяцев назад
To alter federal structure of the province in India parliament needs special majority of parliament (2/3 majority...) along with the ratification of half of the states, legislatures by a simple majority, which is quite impossible if emergency case doesn't appear. Thank you 😊👍
@mkchhabra10
@mkchhabra10 11 месяцев назад
Looking at India with a coloured prism is inevitable for Pakistani s in general as it’s for Indians about Pakistan. Umair himself must’ve disabused himself about many notions when he visited India. Another argument in favour of increasing the travel and visiting opportunities and trade. There will be less demonisation
@youthink5552
@youthink5552 11 месяцев назад
Anyone who prays 5 times a day, cannot remain a person who would believe in education and hardwork
@CGT127
@CGT127 11 месяцев назад
After reading the comments I did not watched this podcast since l have said many times there are no experts on india in Pakistan and because of that they just make sweeping statements and this l feel will make Uzair younus embarrassed
@charlesmauricedetalleyrand7921
@charlesmauricedetalleyrand7921 11 месяцев назад
This gentleman has no idea of India’s federal structure. States are equally if not more powerful under the constitution. What you did under 18th amendment was already in the three lists: union, state and concurrent. Secondly , three states were created in early 2000s by Vajpayee Government. These require constitutional amendment by 2/3rd majority, approval of state legislative assembly concerned.
@siddharthatalukdar4227
@siddharthatalukdar4227 11 месяцев назад
The latest state is Telangana formed in 2014 before Modiji came to power
@cbbxvcjkb7877
@cbbxvcjkb7877 11 месяцев назад
I saw the thumbnail and was shocked how uzair grew a great mustache, and those hair outta nowhere 🤣🤣
@Pakistonomy
@Pakistonomy 11 месяцев назад
🤣🤣🤣
@Vader19k8
@Vader19k8 11 месяцев назад
They should read schedule 7, Article 1 to 4, Article 279, 280, GST Act. Unlike pak our constituion has been there since 47 and GST was proposed by UPA but implemented by NDA.
@gauravipal9518
@gauravipal9518 11 месяцев назад
The proposal by UPA did not address concerns of states which consumed less than they produced. They would be net losers since GST was a tax on consumption which replaced excise a tax on production. UPA did not address the problem, NDA did. The fundamental design of GST as currently implemented is hy NDA. Do not undermine. The contrribution by simply calling them implementers.
@TanujAbhayKhanna
@TanujAbhayKhanna 11 месяцев назад
His Name Should Be Dr. Factually Incorrect Ali
@perspectivewithfaisal
@perspectivewithfaisal 11 месяцев назад
Although there were some sweeping statements, however it was good and enlightening conversation.
@indmusiclover
@indmusiclover 11 месяцев назад
Excellent podcast with a sensible n knowledgeable guest. Liked his 4/5 steps to be taken by the new govt. Also appreciate the relentless effort of yours (Uzair) and people like Khurram Hussain!
@AliRaza-yq9ux
@AliRaza-yq9ux 11 месяцев назад
Congrats for 40k, done an excellent job
@alichaudhary7406
@alichaudhary7406 11 месяцев назад
Very informative
@alokghosh54
@alokghosh54 11 месяцев назад
Creation of Haryana from Punjab was not done by Modi govt. It was done way back by Congress Party under Indira Gandhi
@Vishwajeetvpsingh
@Vishwajeetvpsingh 11 месяцев назад
It was not even done by Indra in fact it was done in 1966 by consent of people of Haryana region.
@siddharthatalukdar4227
@siddharthatalukdar4227 11 месяцев назад
You are wrong 😡😡. It was done by 16 year old Modi as mentioned by this gentleman
@Vishwajeetvpsingh
@Vishwajeetvpsingh 11 месяцев назад
@@siddharthatalukdar4227 😂😂 funny. But if we go on facts then on December 1957 in Hindi-speaking areas of Punjab, had paved the way for the demand for the formation of Haryana as a separate state for the Hindi speaking people of the united Punjab state. On 23 April 1966, while acting on the report submitted by the parliamentary committee, the Indian government set up the Punjab Boundary Commission under the chairmanship of Justice J. C. Shah, to divide and set up the boundaries of Punjab and Haryana.
@ClassVigilance
@ClassVigilance 11 месяцев назад
​@@siddharthatalukdar4227 Modi was a superpower at that time that's why US was worried and Soviet joined hand with India. 😂🤣
@Enigma99999
@Enigma99999 11 месяцев назад
Lovely conversation to listen to. Uzair, you da mon !
@sougatamukherjee1975
@sougatamukherjee1975 11 месяцев назад
Hi Uzair. Just came to know that PTI government allocated $3bn to industrialists during COVID for maintenance of manpower and machinery. Request you to do a video on this.
@debjanidutta5505
@debjanidutta5505 11 месяцев назад
When did Modi Govt segregate Punjab from Haryana? Haryana came into existence in 1966. I am shocked that such a learned economist from Pakistan makes false off-hands statement. This shows irrational paranoia regarding our PM Modi that people across all sections have in Pakistan😂
@haider.ali90
@haider.ali90 11 месяцев назад
I think Modi government was a slip. He meant center could just create new states by legislation which is very hard to do in Pakistan.
@ClassVigilance
@ClassVigilance 11 месяцев назад
I do observe that Pakistanis are afraid of Modi. They think Modi is more anti-pakistan than Congress which in India works in favour of Modi also I think the decision of Imraan Khan to not to trade with India actually made India realise that all they have to do is Ignore Pakistan and it will destroy itself(which btw they are doing).The Chinese threat to India gave Indians a new way forward as politicians are now focusing on China and competition with China will make India stronger. As they say, the stronger the enemy the stronger you will get while chasing it. The US worked on this fundamental principle and became and remain a superpower.
@nikhildeshmukh6221
@nikhildeshmukh6221 11 месяцев назад
Bhai ye pakistanaconomy he ya indianeconomy he Sab indians viewers he
@TusharKumar-il1ec
@TusharKumar-il1ec 10 месяцев назад
Pakistan should start with basic reforms & Land reform , Land Ceiling is the most important and then move forward to a Green Revolution to boost Farm productivity. Either do it on your own or default and be humiliated to do it. Also tax the landlords and ultra rich.
@yourikhi
@yourikhi 11 месяцев назад
But asli life to Marne ke bad hai??? So y bother??😂
@c.s.venkatesh9234
@c.s.venkatesh9234 11 месяцев назад
The last segment is extremely worrisome. There doesn’t appear to be any short time solution. And with the world taking its eyes off Pakistan, there is no global attention as well. This will impact 200 million people and could destabilise the whole region. Good discussion though
@siddharthatalukdar4227
@siddharthatalukdar4227 11 месяцев назад
Hopefully it won't affect India
@gurnil2672
@gurnil2672 11 месяцев назад
Love from India
@omerminer89
@omerminer89 11 месяцев назад
Deadly combo economistia❤
@Slayr929
@Slayr929 11 месяцев назад
Borrowed 💰💰 loans se kuch nhai hone wala Pakistan ka same cycle wil continue
@user-yc7ql1dp2b
@user-yc7ql1dp2b 11 месяцев назад
Assalam o alaikum uzair bhai Kindly yeh bataen k If hum filer ho bhi jaen tw in indirect Tax se kis tarha bachen
@gauravipal9518
@gauravipal9518 11 месяцев назад
34:00 There has not been a single new state created under PM Modi. The last new state was Telangana. Haryana was separated from Punjab in 1966. That was 57 years back when Modi was a teenager. Your guest is clueless about India and should restrict his comments to Pakistan.
@siddharthatalukdar4227
@siddharthatalukdar4227 11 месяцев назад
You are wrong, Modiji was super powerful at 16 years old and holding no political power but still had the power to make Haryana 😂😂
@sewaligoswami781
@sewaligoswami781 11 месяцев назад
Your guest was so wrong in many of the points about India. Disappointing
@devisomaya7080
@devisomaya7080 11 месяцев назад
Another (24th) dose of slow poison is introduced in the dying Pakistani economy. Even though the possibility of patient 's recovery is remote, IMF's latest dose might send the patient into deep coma and the eventual death. What Pakistan should do is to declare a moratorium of 5 years on all international obligations falling due and take harshest steps to revive the economy with the help of local economists having grassroots knowledge about country's problems and a stake in its welfare. Unless Pakistanis take steps to become self-reliant, and remove corruption in public life and defense forces no matter how much foreign aid comes in from the brotherly countries, China and imf, the economy won't recover.
@GobbleOble
@GobbleOble 11 месяцев назад
sab nacho...... jashn manao 😃😃😃😃😃
@dipakggupta5933
@dipakggupta5933 11 месяцев назад
1st November 1966. Haryana
@ubermensch1979
@ubermensch1979 11 месяцев назад
Didn’t know Murat Erdem is an economist too!
@GS-rn8qi
@GS-rn8qi 11 месяцев назад
Guys , hour long worthless discussion. Give me ideas on how pakistan will improve its economy?? Increase tax,,,,,,No Increase export ,,,,,,No Tourism,,,,, No Regional integration,,,,,,,No Infrastructure ,,,,,,No Get a glass and drink till you go bonkers
@siddharthatalukdar4227
@siddharthatalukdar4227 11 месяцев назад
Having an amateur understanding of economics this is my practical steps to improve Pakistan's economy 1) Reform education system and abolish religious education 2) Efficient irrigation 3) Start trade with India and Iran 4) Reduce Army budget 5) Land reforms 6) Forestation especially around Indus river basin 7) Dismantle terrorism and handover terrorists to India 8) Break Punjab into minimum 2-3 provinces for better administration 9) Encourage women to work 10) Population control
@hptyagi6632
@hptyagi6632 11 месяцев назад
In the name of India Expert ..any one from Pakistan..ha ha ha 😂
@Slayr929
@Slayr929 11 месяцев назад
Ye bawla expert kya bol rha he modi ne Punjab ko cut ke haryana banaya aur chaar or state banaya Pakistani exfart on modi gov on another world 😂😂😅
@Madhav513
@Madhav513 11 месяцев назад
Ill informed Uncle is Speaking anything
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