Pakistan’s Economy - Problems and Prospects | Dr. Miftah Ismail and Dr. Pervez Hoodbhoy
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- Опубликовано: 22 дек 2022
- The economic situation of Pakistan presents some opportunities and some serious long-term challenges. In this session of Baat se Baat, let’s join us for an interactive session with Dr. Miftah Ismail, the former Finance Minister, to have an insight of where Pakistan’s economy currently stands, and whether it’s heading in right direction.
This session is moderated by Dr. Pervez Hoodbhoy.
Salute to the gentleman at 1:13:15 who has the guts to ask n honest question. Not even Indian people ask such brutally honest question to their politician.
and the speaker just doesn't answer the question. Very unfair
Pakistan intellectual elite class knows the truth but hardly anyone discuss it openly . They all are aware Jinnah made a mistake by creating a nation on the basis of religion but none are daring to say it directly . They say that indirectly. They always say openly how creating Taliban is now costing them but refusing to acknowledge sponsoring terrorism against India . Majority of them wants a secular Pakistan but hesitant to say frankly . More than Army they are afraid of religious fanatics . If you listen carefully and try to understand what they are trying to say you will realise they want to blame Jinnah , Army and Islamisation but can't do so openly fearing of public backlash. For majority of Pakistan they can accept criticism against Pakistan Army but they can't accept negativity against Jinnah and Islamisation of the country.
This man thinks when he is not in official power he will 'tweet' and the Indian officials will come running offering help! It's time elite pakis take direct questions n answer direct
His name is Waseem Altaf Sb.
Greetings from New Delhi...Me and my wife have very fond memories of being hosted by Miftah Ismail at his residence for 3 days around 20 years ago when we visited Karachi as Rotarians as guests of Rotary Club of Karachi Sunset Millennium. The hospitality was overwhelming.
I’m listening to him for the first time: he’s mesmerising.
Go bro and live there for 1 year, after a year your daughter would be converted to Islam and your name would be Navin sardana khan .Ye ek din ki chandni hai , ek din kisi bhi country me jaoge to aaisa hi feel hoga .Check their history first , the minorities in pakistan is on extinction
@@sanjaychauhan1116 ekdum sahi
@@sanjaychauhan1116 wow! You are true Bhakt. Be proud.
After reviewing the comments I could see Indians have learnt a lot from the conversation of the current Economic condition of Pakistan. Thanks for presenting such a thoughtful and precise discussion. It is good for the people of Pakistan and India.
While it is an eye opener for people of India as to how and why the economy of Pakistan has tumbled, I found it funny as to how Miftah sb. is defensive on the topic of aftermath of PM Vajapayee's and PM Modi's visit to Pakistan. It was also hilarious to find out that that ministers think that by tweeting about tomatoes he could start food imports into Pakistan from India instead of removing the state ban on imports from India.
Agriculture is the most important sector of Pakistan's economy. But, for some strange reason, both Miftah Ismail and Pervaiz Hoodbhoy completely ignored it in their discussion. No one from the audience asked questions about agriculture. The fact is that no analysis of Pakistan's political economy is complete unless feudalism and taxation on agricultural land and production are included. Feudal lords are large landowners who are exempt from income tax. Feudal lords get themselves elected to parliament where they make laws to protect their own economic interests. The main reason for poverty in Pakistan is that the majority of Pakistani people live in the rural areas where they have no access to quality education, quality healthcare, and opportunities for advancement. Both feudal lords and government hardly invest any resources for uplifting the living standard of the people living in the rural areas. This is a serious challenge for Pakistan which is being ignored to the detriment of the country.
Bhtreen ❤️
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They did discuss it. He told that we are importing daal. We can't even producde that thing to reach our needs.
Woah... that's quite insightful dude, but shame it's merely a comment on a RUclips video
Very correct point
I am not a Pakistani, but i enjoyed this intelligent discussion. I am sure Pakistan will prosper if pakistanis follow these recommendations.
Where did you hear any recommendations?
I just heard Shaikh Chillion ki wet dreams!
These jokers will never get it.
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@@agrippa-theskeptic9346 need to respect them. They were part of us, but misguided. Now trying to come on track.
@@perfectionistpersona respect them?
Seriously?
For all the terrorism, hindu hatred, Mumbai Train attack, Parliament attack, Akshardham attack, Mumbai 2008, Uri, Pathankot, … .
Killing, raping, converting the poor Hindus in Pis’stan?
What are you?
A self loathing ars*&#@le?
They're brainwashed from childhood ,they infiltrate Religion into everything that's why people don't want to invest in this nation.
Channels like these with such a proactive audience and productive discussions are highly appreciated 👍
Even though I'm from India 🇮🇳 then also I admire Mr. Parvez Sir and their Counterparts.
I don't know Hoodbhoy but the guy he's interviewing is a certified crook, every Pakistani knows it. He's part of the corrupt mafia that has been robbing Pakistan and its citizens. The fact that he is inviting this crook to speak, says a lot about the interviewer as well.
@@ESRz ohh sorry bruh I didn't know that... Then why was the audience handling him very smoothly and steadily. I mean they would have asked him some tough questions...
Exactly me too
@@arjunKaisaAbhi Perhaps because the audience might be uninformed students or the like, not sure. Imran Khan's government was the first honest and credible civilian government in Pakistan and was pursuing Ismail along with others, who had been part of the corrupt ruling elite and facilitated transactions and corrupt practices at the cost of billions of rupees to the Pakistani taxpayer. In 2019, the National Accountability Bureau (NAB) arrested former prime minister and PML-N senior Vice-President Shahid Khaqqan Abbasi in one such multibillion rupees LNG scam, and the anti-graft watchdog raided the house of ex-finance minister Miftah Ismail to arrest him over his alleged involvement in the same scandal although he escaped. He was brought back after the criminal Shahbaz Sharif was returned to power by General Bajwa once they made a deal with each other. A bunch of thieves, the whole lot.
What is the solution of inflation if you know the answer give the solution otherwise don't tell any other answers.
He skipped to give answer about Modiji's visit and Atalji's visit
I also noticed that
Only if they had a honest answer to the gentlemen at 1:13:13 - Pakistan would have been at a different place today 🤫
Lmao pura ignore he mar diya 🤣🤣🤣
Us aadmi ne literally bolti band kar di 🤣
he ditched that question intentionally
You have to understand that they're still sitting and doing this program in Pakistan where these people can be kidnapped, jailed or worse killed for speaking the truth. Keeping that in mind, I think people like Dr. Hoodbhoy & Miftah Ismail are doing an admirable job.
Indian government did not ban trade with Pakistan, Pakistanis did. Also when Pakistani PM is very reluctant to start trade with India, U can't expect India to get excited and take the risks only to get embarrassed by getting declined by the Pakistani PM. Until and unless higher ups in ur Government/Military take intrest in starting trade with India,there is very less hope. And I don't see Higher Pakistani Military officials very interested in starting trade with India. And it's a sad reality that Pakistani Military has a lot of influence in Pakistani government and its policies.
You feel compelled to give these joker Pis’stanis an explanation?
Seriously?
The real problem is the establishment that is sitting and conspiring against prosperity behind closed doors. a common citizen of Pakistan wants to see economic growth.
@@malikShoaib-fj6fj whatever!
You deserve what you get.
India did send you guys medicine and mosquito nets. You have to ask these things officially not on twitter
bro i am researching India For 4 years and i find the far left of India mostly better Knowledgeable than PhD Pakistani They have zero research on India just trap in anti India propaganda
I'm from karnataka india. In our village burqa clad girls riding scooter at midnight after attending various coaching classes near by town. Another important thing without kashmir issue Pakistan military can't survive. Unfortunately no one has talk about tax structure of Pakistan in front of economist.
I'm kashmiri (pakistani) but south india is a different story i have came to know. Yes Pak Army benifits from kashmir issue, but don't really fight for it. Just budget. Hopefully this has been changed recently
Has anyone asked u about that 🤣🤣u want award for that burkha clad from brainwashed Pakistan people
Barbaad gulistan karne ko bas ek hi ullu kafi tha,
har shakh pe ullu baitha hai anjam-e-gulistan kya hoga - Kaifi azmi
@@randomdosing7535 said "Hopefully this has been changed recently"
For 75 years the amiriat model hasn't changed, so why will it change now?
As Yana Mir (Indian Kashmiri) said to Fakhar Yousafzai "Kashmir is NOT an issue - Pakistan makes it an issue, like a crazy man wanting an already married woman"
@@randomdosing7535 South India culturally is a different place than North India and Pakistan.
He had no answer for 1:13:15.
Good to see there are sensible people Pakistan
Yup they don’t have the guts to respond but love to virtue signal all faults of India
You're here for this🔥
1:13:15
And the guest got around to answer it.
This country will never recover!!!
Thanks
The guy who asked the question at 1:13:00 is spot on.
Uss questions ko kya he ignore mara he 🤣🤣🤣
Gand mar di😂
Dear Prof. Hoodbhoy, you are doing a wonderful work in terms of educating the youth, on the current problems faced by Pakistan. In every episode, please allot some time for discussion on constructive evolution of solutions, so that the youth do not lose hope and become determined to solve the problem.
youth has been derailed from the right path by Imran Khan like politicians and the damage he has done in the past few years, is not recoverable soon. Other politicians are also self centered and give no heed to country's problems.
More Indians in the comments section than Pakistanis. Respect to both the men for intellectual discussion.
One of the best episodes of Prof Hoodbhoy is , his interaction with students from Hyderabad-India . it clearly shows a Guru is a Guru is. Guru. My Koti Koti naman to him
4 Easy way to solve the pakistan Economy
1.Establishing Fake currency note unit to print fake currency note of India and if possible US dollar currency
2.Establishing Drug unit and try maximum smuggled to more nation.
3.Selling nuclear Technology to terrorists countries in the name of friendship
4.Always using Victim card and begg for Dollars
5.selling more donkeys and girls to chinese
Someone from audiance asked a question about trade with India but no straight answer was given by speaker except blaming India for not responding positively. However matter of the fact is that bilateral trade was stopped by Pakistan Govt and choicest of personal abuse was used by PM of Pakistani against our Indian PM.
We don't trade with enemy countries as simple as that.
If you want trade , first be a good neighbor and a good beggar :).
Then we might reconsider !!?
Thats true, if the speaker is not honest himself to take the blame. Secondly such discussions don't happen on Twitter, and he himself mentions that his PM was not in favour about it. Finally India had given MFN status to Pakistan whereas Pakistan not. Stop blaming Modi, he has done far better to Indian Muslims socially, economically then any other previous governments, who used them for just vote.
@@sudhakarbe abee tu h kon nalle berozgar sadakchaap bhikharisthani hm konsa chahte h,hm without bhikharisthaan grow kr rhe h non it exports 400bl$ h 5th largest economy with 560Bl$ ke reserves,chl nikal terrorist country ke 🤡
@@sudhakarbe 🤣🤣
@@sudhakarbe 🤡🤡then enjoy being a beggar
01:13:00 is the part I watched in a reel that's why I came here to find out what will be his answer about India going out of the way to normalize relation with pakistan but I find only silence. 🤔
I am from India. Its very good discussion. I would like to say that I don’t know anyone who voted for BJP due to anti Pakistan or anti Muslim agenda. Everyone who voted was always for development. There is not much anti Muslim sentiment in India which I know.
… you feel compelled to give an explanation to these jokers?
Why?
Let them burn in their filth!
India ko, hume toh, inhone sirf dard hi diya hai - pehele din se!
That's nonsense, at least since 2019 bjp gets vote on hindutwa, nationalism and jingoism alone. Nothing else.
Vikas, development are history - haven't heard of vikas since I don't remember how long.
But Pakistan also gets vote on India. It's a lie that anti India sentiment don't work there. Imran Khan's whole agenda was that he will deal with India 'strongly', unlike Nawaz. Slogans like 'modi ka Jo yaar Hai, gaddar hai'. If you saw PTI Twitter handles they would be FULL of anti India comments. Any conspiracy theory against India - no matter how absurd, spreads like wildfire in all sections of their society.
Other than Modi we had rahul with incompetent Congress leaders which is absolutely no.
AAP can be a better option and opposition than congress
Yep, here in Utter Pradesh ppl are ready to kill themselves over religion
@@nitin1947 Hindus are different from mullas. Hindus don't have to do violence for "allah ka khauf", Hindus are more educated, more richer, more intelligent, more smart and more appealing. And I'm not even talking about whole population, I'm just mentioning about the top 20% of population of both countries as they run the country, others just follow.
Do you call China "communist paxtan" or "atheist paxtan". That's a very stupid argument and logic presented by you, try something better next time. As India is better with a party with people having wet dreams of akhand Bharat than to have a party which has anti Hindu and tukde tukde gang members, islamists sympathizers.
1:14:03 very well said sir..thank you! 👏
1:10:01 i disagree with his mentality on bjp. They have pretty wrong perception bcoz of how politics run in India is very different! To add on, PM Modi was first to respond on helping during floods.
Pakistan does run on anti India, whereas India hardly runs on anti pakistan.
But thank you for saying it is not the right time to trade with India, bcoz it is pakistan who close trade with India!👍
Lmao 1:10:01 pe bola na india intrested nai he😊.. kyu hoga Trade band kisne kiya tha?.. Tum khud trade band karo..tum jab chahe trade open karne ko bolo🤣🤣yeh toh inke khudke statement pe jude hue nai he atleast joh statement diya he uspe toh raho ek decision lo lena he toh sidha sidha lo nai toh totally band kardo😏.. or trade band hoke b specially yeh log medicine lete h 🤣🤣🤣 Hypocrisy ki b seema hota h.. or inke hisab se ham nai chahte trade karne se waah ji waah or isko tumne sar pe chada ke rakha h🤦
And the way the guy dodged it. 🤦🏻♂😅
He is absolutely right. Politics of bjp is based on that. I am from india i know very well
All countries are ready to play asia cup in pakistan except bcci. Its pure politics
Greetings from India. I have seen many Pakistani public opinion videos in RUclips and onething I found common is that Pakistani makes everything connected to Religion. Jasba & Junoon are the common words we can hear all the time. Nobody talks with facts and figures. Being a Data Analyst, I love discussions where facts are presented. This is for the first time I have seen this channel and pleased to see that even Pakistan has people who talks on facts.
I have one submission to make :
Miftah ji spoke about PM Modi and spoke about the Gujrat riots. I think, he has not done enough research on this topic and spike based on his biases.
Few facts, I would like to place here -
1. Modi ji came to power as CM of Gujrat on 7 October 2001 and the riots started on 27 February 2002. Exactly in 144 days (ie. 5 month) riots started. Don't you think, it was too short time for anyone to do something of this sort. He won't get enough time to prepare for it and come out clean.
2. I have seen Modi was compared with Hitler by few. So, let me share few facts on those lines. Hitler was appointed chancellor of Germany in 1933 and WW 2 started in 1939. Even he took years to do something of this sort.
3. Coming back to Modi & Gujrat riots. It is on records that Modi ji asked neighboring states to help him with extra security force but he was denied. From 01 Dec 1998 to 08 Dec 2003, Ashok Gehlot led Government was in power in Rajasthan. Which means it was Congress (INC) Government and riots took place in 2022. I am sure, we are smart enough to connect the dots.
4. In 2012 Supreme Court gave clean chit to Modi ji and let's not forget that Congress was in power at the center during that time. I would request Miftah ji to do some good research on points he puts forwards.
Mentioning dates and making wild assumptions doesn't come under the heading of data analysis. It's called speculation. Although you failed to prove your case, I do agree in principle that if Modi ji were in fact a terrorist, India wouldn't have elected him.
@@ibratnak then pls enlighten us with facts.
Brother, it seems from your comment that you aren't even aware of the basics of the riot.
#1 & 2 make no sense - the allegation isn't that Modi planned for months/ years to do a planned gen0_cide.
The allegation is that:
1. He actively fueled sentiments of Hindus, with a parade of dead bodies after the Godhra burning of karsweaks
2. He told his police force to stand back as people rioted
3. He let various hindutwa groups run riot
Sanjeev Bhatt, IPS who was the only one who testified against Modi, (that Modi instructed the police force to stand back) - is facing lifetime imprisonment now, under a separate case.
Haren Pandya - bjp minister who was the other one who testified (saying the same) was murdered.
There were many convictions including of Modi's ministers and Bajrang Dal members.
Now under current regime - Maya kodnani's is free, so is her assistant who had been convicted.
The bilkis bano rapists are all free - pardoned. Can you explain why, and if this isn't proof of complicity?
Many of the above people are on video (I think in the 'Tehelka tapes') confessing to the heinous crimes on camera, and how a certain politician helped them.
The cases were transfered by SC to Mumbai, because it didn't believe the trials in Gujarat were free and fair. Many cases restarted and many convicted. But even after transfer, the SIT wasn't completely free. Congress had no role in SC rulings.
And your #3 hinting something on gehlot - can you explain the connection? The Delhi riots recently happened in Delhi, where central police force rules. The same police force which shot dead 28 people in CAA protests, didn't fire a single bullet in an actual riot. That too during heightened security because of Trump visit. Why? Because there was Delhi elections and riots always helps one party. Police was seen on video helping one side in the riots.
And on Hitler - it isn't about 2002, but something horrible 'will happen' in future in this country for sure, the way the masses are being radicalized and one community rentlesssly, ruthlessly demonized.
Modi will become as famous as Putin one day, for his actions.
@@mrgyani Thanks for your points. Much appreciate for putting across so much efforts in sharing the points.
Pls allow me to put across how I look at it -
Sanjiv Bhatt had 2 Custodial Torture case (one leading to Death if not wrong) in 1990 & 1998 and False Framing of Crime in 1996. And when did Riots happen. He was sentanced in 2012 and from 2004 till 2014, it was Manmohan Singh's Govt. As people say, he had close association with INC Leaders, then why was he not saved :). Now coming back to his statement, SIT formed as per SC order and headed by Ex-CBI Chief. So, it isout of scope to think that he can be influenced. Also, one of the Witness whom he presented later gave statement that he was forced and threatened by Bhatt. Mr. Bhatt's history doesn't look like he is a man of honor and true.
Out of all the Points, Supreme Court upholds clean chit given by SIT. So, I consider SC to be above all and can't make any mistake.
Coming to CAA protest, well NE vs Rest of India protested for different reasons. In NE, people opposed stating No Ammendment to be done in the Bill whereas in Rest of India it was to do with why not included all religions in the Bill. We have gone through the NRC process and it went smoothly. Although few data entry issues came up. For example, my Mother was shown as wife for my Dad, my sister, my wife and for myself. But the correction happened easily. Regarding the death, 23 people died it UP for sure but do we know who were they and what could be the motive. Kindly, check this link (www.newsclick.in/who-were-23-people-killed-during-anti-caa-nrc-protests) and look at the profession of those people. This is my assumption only but I am convinced that those people had no idea what they were going for.
For Bilkis bano's case, I completely Condem the decission to release those convicts. That was a heinous crime and deserves no mercy. I hope SC will take corrective measures.
Once again, Thanks for engaging on such debate. It was for you, I read little more on Mr. Bhatt. Although, he doesn't deserve my time but still it was a good read 🙂
@Sunny Gaates What do you mean by Cult? Are you indicating the Country or the Faith.
Correction suggested at 17:50. India’s IT export is NOT US$ 150 Billion! It is US$ 178 Billion 😊
@@Soul77.7 😅That's why You guys never gonna raise.Tell you one thing that Your Aawam gonna break Your nation
@@Soul77.7 it's funny you still mention it. your statement would have had some value 20 years back. Open defecation has almost been fully evicted. Infact, I'm sure your country would have more open defection cases than india, that's not even per capita. Best of luck with your polio drive.
@@Soul77.7 how much is pakistan toilet import 😅😅 imf loan may not be able to cover it
@@Soul77.7 think about faild terror State Pakistan and it's billions dollars debt of IMF and World Bank 😈
@@Soul77.7 All the rivers which flow to Pakistan from India has Indian sewerage. Every Pakistani has tasted Indian toilet by now.
I am from India .. kattar hindu.. but i like prof Parvez sir lectures..i have hughe respect for him.. his explanations are great.. wish he was born in India like Dr Abdul Kalam sir..
What is kattar Hindu??
@@bipinchandra7866 right wing hindu
Bro... He too like everyone else thinks that muslims are being discriminated in India....So STFU
don't be kattar otherwise India became pak
@@vishalyadavvashu That's is the difference B/w Dharma and mazhab... A kattar hindu is secular but a musalmaan, be it kattar or not can never be secular.... This is because the foundation of their religion is hate towards idol worshippers.
1:13:11 How cleverly the Question asked here was not answered like it was never asked
I am worried about the life of the person who asked this question, Pakistan Army may have picked him up later.
@@kanadchauhan may be
But I request the indian audience not to blindly believe and support people like Pervez Hoodbhoy and Ishtiaq Ahmed. They cant talk about Islmic radicalism, forced conversion of minor hindu girls without bringing RSS, Modi, Hindutva and india
Unlike Indian left which never talk about islam, pakistan minorities, but on the opposite side say there is nothing inside pakistan and all wrongs are inside india.
@@HarshVermaJhs true, I feel same
Gand fat gyi
Basics are incorrect for Pakistan. I do see Pakistanis often compare with India and do refer themselves as Asian tigers of 60s and India as weak nation of that era! On which would like to mention, this can be compared with story of Grasshopper and the ants. We worked on basics for past 70 odd years! The major economic activity till now for Pakistan was easy West dollars hence, the country is in a mess.
Also, it has been near default a few times in the past but got lucky every time because of fortunate geopolitics.
They also thought that eating ghosht, being fair skinned (than Bengalis etc) and 'atmi taaqat' would bring them peace and prosperity.........the ummah would give them chummah and all the 'dost mumalik' would come showring shehad se meethi, himalay se oonchi mohabbaten on them.........LOL
Exactly it is!!!
1:14:10what a wise and sincerely man putting daring question in such well versed way
50 years ago if you'd asked any Pakistani economist the same questions, he would have given you the same answers. Today is today but 50 years from now you'd be asking the same questions to Pakistani economists or anyone and the answers (unfortunately) will be the same. What this says is that the reasons could be these but the problem is much more fundamental. There is no desire to progress. There is no nationalism. The problems are ethical, moral, religious, social. These are just symptoms, keep discussing them.
best comment
Excellent and brilliant analysis. He is really an asset to his country .
@36:41 until last few months, India too had the same issue with its government run airline. Privatisation has started showing improvement in it’s running especially on punctuality to begin with.
Just 8 minutes past the video I pressed like button.
Persons like him should be in power in Pakistan
Two legends of our country great discussion thank you #black_hole.
Read indian national education policy 2020.....now india will march towards, practical experience, industry interface, sports, employable, industry will train during summer vacation.... Students will be able to understand industry, work culture..,... This is going to be game changer in 20 years.... Jai hind
Good!
Yeah it could be game changer from Indian or regional perspective but the real requirement is talent which is lacking in this region. One cannot teach donkeys to be engineers.
Let us see in 10-15 years. The religious radicalization we have introduced in our society, I don't see the current generation in India discussing science, economy, education - I only see them talking religion, nationalism, ideology.
All the talent we produced who are earning us good name abroad was produced in a secular, liberal, peaceful India. Don't know what the picture will be like in the next 15 years. I shudder to think.
Current govt is great at creating slogans and schemes - from swacch bharat, to smart cities, to make in India, to PLI, to education policy - no result in any.
@@mrgyani chutiya. Stats and facts pe Baat kar. Bhokne se kuch nhi hone wala. Lekin agar stats pe jaega to fir tera agenda nhi chal paega
@@randomdosing7535 talent is there. If you're Indian then you're just blind.
@@mrgyani you need to change your perception that we are not advancing in education day by day irrespective of our diversity and disagreement.
Wrong. BJP is not reluctant to normalize ties with Paxtan. Modiji tried and failed miserably in the past. So, now either Paxtan stops terrorism or no dealings with Paxtan whatsoever. That is current stand.
Good to see a full house for a highly engaging discussion.
He skipped the question of gentleman asked in the crowd about vajpayee , narendra modi visiting pakistan and what pakistan did by attacking indian soldiers in pathankot
@1:13:14 most sane person in this podcast. And brave too to speak fair about Ind Pak trials at peace.
Disagree with Miftah when he says that India is only where it is because of its forex reserves and market size. Absolutely off the point!
He is right. Economical strength decides your stature. Look at China.
India is way ahead, because of Digitisation, their entrepreneurial Spirit, their way better educational Standards, and finally india is still a secular State and Pure Democracy they never had a military coup with sense of “Nation”,
Pakistan is not even a nation state but a Garrison state with Military Complex like a Private Incorporation. Pakistan is still lagging way behind like a Agrarian economy they never innovated.
With rocket scientists like Miftah, Pis’stani is, where it is! 😂😂😂😂😂
@@ranaashhad8040 All this is a virtuous cycle. When a country’s balance sheet is good it gets good ratings, then money suppliers and consumers are both confident. But for all this to happen, one needs to have some integrity and take ownership of one’s own actions. Hindus do not complain, and we have so many reasons to complain. Ironically the invaders complain a lot. Such is the level of whining without meeting their own responsibility what do you expect is going to happen?
@@alamagoddystyle Exactly. India is way ahead. That's why the government had to cancel Anushpa Sharma just because of some Arabs ;)
I listen to Mr. Hoodbhoy very carefully and this is a very healthy discussion. Thanks to Mr. Ismail for being so candid. I would like most Indians to watch this discussion to make sure that youngs of our nation acquire skills and knowledge to become productive instead of depending upon government welfare programs. Self-dependence is the only way to prosperity of individuals and nation.
maine ye session pura dekha our pahali bar kisi session me itani sochane vaali our paDhi likhi audiance pakistan me dekhi jo sach pe bat kar rahi hai our sach par chalana chahati hai. Mai badhai dena chahata hu Sir Parvez ji ko jihnone itana achha program arenge kiya.
Miftah Sir speaks blunt to the point and fact he is a game changer
Loda sala bahut currupt hai ye
Audience is very mature and well researched. As an Indian i have to say The Black Hole is doing impressive work. Keep it up. Respect from India🇮🇳🇮🇳. And also is notion that Modi is Hindutva strongmen but Modi will never undermine India's economy interest becoz of vote politics. Pakistan has created roadblocks in trade so only Pakistan have initiate dialogue don't expect India to be enthusiastic about it.
Well you're hindutva is based on indo aryan invasion and the oppressive cast system and oppression of dravidians and the separists of India and minorities according to the guardian India is worst country for women what a great place India is
I mean mr hoodboy is foreign educated
Agreed. Its Pakistan who need good relations with India.
Dr Pervez Hoodbhoy your program is excellent. I am from Gurgaon India and work as a Healthcare Business Consultant and accidentally landed in your You Tube Channel and I sincerely appreciate the quality of discussion. Quite comprehensive and candid. Try to get some Indian intellectuals from diverse fields and I am sure your audience would appreciate that. Sir keep it up!
In true terms Prof Hoodbhoy is igniting young minds in pak
speaker about India 1:08:10 , later viewer about India 1:13:12
Such a good, academic and comprehensive conversation; learnt a lot. Thank you!
Huge respect for Dr, Prof Hoobdby .
Pakistan is spending 4% of GDP on military while India is spending 2.88% of it's GDP. Additionally, Pakistan's military is involved in the business of manufacturing and gets some income from there too. So, military spending is an issue.
Infact I would say a large % of pakistan's GDP is spent on tackling a fake fear of India... Even Pak people in foriegn countries, instead of helping relations in Pak, they spend a lot of monet in anti india activities, funding things like Khalistan... which is irrelevent for situation in Pakistan... Instead of doing all that, it is better to sit and play secondlife.
We can differentiate in few things but these types of discussions are really eye opener
Pakistanis have atom bomb. Pakistanis have ISI. Pakistanis have LET N JAISH. Pakistanis pray 5 times a day. Pure Muslims of Pakistan are happy and content living in PAKISTAN
Thank u to the pak army. Real enemy of Pakistan. Khan has woken this nation
Once I watched Dr.Mifta Ismail debate in TV. On that day I noticed that he have guts n intelligent person. I thought he is not suitable for politics bcz politics is the worst for such person. Specific for Pakistan politics.
Two think tanks delivered worthwhile discussion to think for future of Pakistan. Thank you very much sir.👍
One of the most candid and honest interview by any pakistani politician. Indians should remain grateful to their politicians irrespective of political parties, they lead properly and not pushed people in to the ditches like our neighbours 🙂🙂PV Narasimha Rav & Manmohan Singh team was the best combination, Rav was an educationist and Singh was an Economist! Both together had put India on the path of welfare and prosperity. Today's well being of India is because of education, technology and pursuit of scientific temperaments. Hat's off to Indian parents, teachers, student's, schools, universities,banks and idares for their grit and commitment to nation.
Right said… Rao was one of the best prime ministers of India. But his achievements have been forgotten/overlooked.
@@RockstarRSTR
Personally many of us can't forget, it opened up the doors for prosperity to middle-class and poor people . Manmohan singh made rupee fully convertible and opened up the doors for foreign education
Don't go overboard. Before 1991 MMS was an integral part of the Govt for 25 years which wreaked havoc on the Indian Economy. Late 60s to 1991 was probably the worst period for our country. Even PVNR was a senior for 2 decades. Reforms happened because we were left with no option. Unfortunately these Reforms slowed down after the initial burst and came to a grinding halt due to opposition from the family frontmen like Arjun Singh, Tewari etc. The opposition in the party was so fierce that Rao as Congress President could not get even one supporter of his to the Working Committee at the Tirupati session in April 1992. All seats were won by those opposing the opening up of the economy.
@@dodiraj1
Yes, very true that we had no option but selection of this option of opening the economy was very important. I know how difficult it was to get $100 for foreign travel. Dollars duel rates is thing of past
@@bbhusari I belong to the generation which lived it's prime years during that time. So I am speaking with experience.
But I do agree that Miftah Ismail is probably the best FinMin that Pakistan has ever had except his obvious bias against India which would be expected from a Pakistan.
Excellent conversation, but Miftah seemed to be helpless in responding to the specific questions regarding defense spending. This is the major reason for our current predicament.
WOW... this is the only forum where I see Ex Finance Minister speaks of his heart and had shown his capabilities. Pakistan problem is Pakistan's mentality and attitude. As I see, Pakistan needs to forget India, Israel, USA, etc., it needs to think about itself what is good its society. As an Indian, I can tell that Pakistan is now past and no more in Indian thinking for any co-operation. 2nd point , Taliban is a mentality in Pakistan. Some section of every society in Pakistan is Talibanized, even Pak Army is Talibanized. The problem of Taliban will not go away overnight, it will take at least 3 generations. 3rd point, once I calculated, Pak army sucks 40 to 45% annual budget every year during peace time. It needs to cut down to 15% to 18%. These are gigantic tasks, need consistent policy.
You are right Dr. Miftah Ismail
Parvez Sahab, I am your ardent admirer , in fact all the countries have so much to learn from you. Your stress on education is right but as Mifta saheb says, consolidation of democracy at grassroot level and empowering parents is equally important. Though it isn't well known, India's local self governments are doing wonders at village, town, municipal and all the local block, tehsil and district levels. Zilla Parishad chairman enjoy minesterial level power and also responsibility ! State's competence level and governing abilities are no less than that of Center. Mri Modi as a Chief minister of Gujarat did an amazing job of transforming Gujarat Beauracracy, converted in to a mega-Public service machinery.
Miftah Ismail is a well known crook in Pakistan... He's saying all this about grassroots democracy as lip service just like they all do while rap-ing the nation. Disgusting creatures the both of them.
The most perfect outcome of democracy for a nation of donkeys is a highly qualified donkey.
@@ibratnak You're leaking. I suppose a murderer suits your kind then.
@@ibratnak 😂😂 your comment sums up the whole story, why your country is broke right now. You people produce hate, hate and hate.
@@Vk-sk7nm wrong. Rich countries produce hatred and invade other countries, but since they have money, everybody stays quiet.
Dr. Miftah Ismail and company hardly touch on the issue of Pakistan's border adventures and unrelenting terrorist activity organised by the important non state actors supported by the Pakistani state. So long as that continues to expect normalization is absurd. The concern in India is Muslim extremism; Pakistan hardly figures in the average Indian's global perception. India is busy with its own issues. India can hardly be concerned about an antediluvian neighbour
Dr miftah ismail is indeed one of the best intellectual and economist.
I enjoyed listening to Miftah Sahib for the first time.
The IT and BPM industries' revenue is estimated at $227 billion in FY 2022
I wonder why this channel appeared on my timeline so late. Wonderful discussion infact somewhat thirst quenching of knowledge. Thanks for all these effort
DocSaab what a wonderful guest. I have seen it twice. I’ve not missed a single program of- The Black Hole.
He is exactly right about education, I have from the interior Sind and the education has gone worst in last 20 years especially during Zardari rule.
Miftah Ismael Sir, you have impressed me with your thoughts. It is sad that you have been repaced by Ishaq Dar.
A very stimulating video discussion. There is more to the uncalled for decision making. Among other, the pricing structure decision making particularly in the agriculture sector has not been addressed. And this is also true for industrial sector. The conflict between political "needs" and the harsh economic realities need to be addressed. Any way this video is breath of fresh air.
Miftah seems like a intelligent guy, but he didn't answer the question around 1 hr 13 min mark about Vajpayee and Modi visits. Fact is Indian leaders have political capital and do not wish to spend it on an unreliable partner. Every time in the last 75 years we burnt our hands and now it's only worth talking if there is a specific agenda. Decisions like both armies agreement on ceasefire at border is fine but beyond that Pakistan has to walk the talk given past history.
Heard about prof Pervaiz, must say worth mentioning for his doings to enlighten youth of Pakistan.
Comments from Indian side , Amazed !
1:27:25👍
Thank you The Black Hole for this wonderful & candid discussion !!!
👍👍👍
Loads & loads of love & best wishes for this channel.
💛❤️🧡
Do continue these types of discussions please by the leading economists of Pakistan in the future!
Some of the suggestions are as follows:
Dr. Qaiser Bengali: Khi
Dr. Shahram Azhar: US/Pindi-Isb
Dr. Taimur Rehman: Lhr
Dr. Atif Mian: US
Shahrukh Wani: UK
Khurram Husain: Khi
Ammar Khan: Khi
Areeba Habib: Khi
And whoever you think is competent.
Availability is of big concern because none of the above-mentioned are based in Islamabad so please consider online sessions. Thanks
@Asad Ejaz Butt Infact I would say a large % of pakistan's GDP is spent on tackling a fake fear of India... Even Pak people in foriegn countries, instead of helping relations in Pak, they spend a lot of money in anti india activities, funding things like Khalistan... which is irrelevent for situation in Pakistan... Instead of doing all that, it is better to sit and play secondlife.
Till 2010, World Bank was a major partner in several Infrastructure development projects, particularly that of irrigation, power, fertilizer and roads. The central bank authorizes state government to enter in to nogotiations with World Bank and allied institutions. The partnership was extremely useful in developmental poverty removal programs. As Mifta saheb has said loans are good provided they are used productively.
It's heartening to see girls in the audience concerned about their future, education and employment
Really surprised to see the comment from the audience on the peace initiatives of Vajpayee and Modi, very candid and honest discussion.
Still now Pakistani people don't want to lose the opportunity to devalue about Bangladesh and Bengali , Small land ,small capital , don't go to this capital, not good for living and this is going on last 50 years. but before 1971 Pakistani people had been used some bad word against Bengali people and east Bengal such as Bukha Bengali , kala Bengali ,short Bengali , uncultured people, TAKA the currency of Bengali was used to devalue the people of east of Bengal. Bengali people and East Bengal were treated as 3rd class citizen and burden of Pakistan. Pakistan never treated them as equal. Still Pakistan doing same unhuman injustice with Baloch people in Baluchistan.Thanks God Bangladesh has been saved in 1971.Almighty Creator is a great planner. Otherwise Bangladesh would had been situation like as Baluchistan or Afghanistan.Game of Throne among the Punjabis Army & Estabilishment in Pakistan has been going on last 75 years, its a Great Show on the Earth only get to see in Pakistan, hope this will long for next 75 years. If the Grass look greener on the other side, Stop staring, Stop comparing ,Stop complaining, and Start watering the grass you are standing on ..
They were calling Bengalis all those names while siphoning off their contribution to pak revenue which was 61%. In return east Pakistan was getting back 24 percent in allocation. So Punjabi racists quam was sucking the blood of Bengalis.
As an eighty seven years old, retired industry professional, and widely travelled person, I can say that for an Economy to grow following conditions have be favourable :
1) Social, political and communal Stability
2) Maintainence of Law and Order
3) Fairness and Stability of:
Labour laws
Company laws
Tax laws
4) Control over Corruption at :
Policy making level
Operating level
5) Source and cost of energy
6) Availability and cost of trained manpower
In addition, the size of the market, competition and other business and commercial aspects.
To start with, despite Qaide Azam's assurance, the powers that were, turned their efforts to shape the country as a theocratic state, and then the rulers adopted sect and region, based policies for governance dividing the society creating attrition between, the Sunni, Shia, Ahmedia, Ismaili, Bohra, Khoja, Sindhi, Punjabi, BLochi, Pathan, Bengali, Mohajir etc etc !
The separation of East Pakistan, and resentment in Balochistan etc are the result of this flawed method of handling the country's affairs from the biggening.
Consequently investment in the industry, greenfield or technology upgradation of the existing one has not been made by either local or foreign enterpreneurs for a couple of decades as the slide of the economy gathered speed.
A number of the Pakistani generations were brainwashed to believe in religious, sect and region based philosophy as necessary for their "Welfare" . This has to be reversed before we can dream of the economic recovery.
A Pakistani Attaturk is needed to correct the distortion to put it's economy back on rails.
American, Saudi or Chinese bailouts are not the permanent solution.
Valid points
A Pakistani Ataturk would take the country to secularism and the land of the Pure cannot tolerate such impure thoughts.
@@yomamasohot6411
What has remained in "Pure" form in Pakistan, where Sunnis are killing Shiyas and Mosques are bombed, killing innocent people offering Namaz ???
Attaturk civilized the wild unruly Turkey !
@@yomamasohot6411Pakistani attaturk In the sense for economic reforms, and for partial secularism, with fundamental islamic rights...not completely annihilating Islamic recognition of the country
Thanks for this program.
Pl do more programs like this.
I am from India.
@1:09:05 you should have used proper official channels. During pak floods many many Indians were just waiting for a sincere call to help
true
Enjoyed the discussion.The problems are properly identified and solutions given.The comparative analysis with Bangladesh is quite reflective of realities.
The discussion will stay here. No effect unless practical measures are taken. This is a commom practice of having such discussions in pakistan. Blame , game corruption but no solutions. No unity no discipline.
Two intellectuals truly 😊👌💐 Respect from India ❤️
Long live Dr. Pervez Hoodbhoy Sir.
Dr. Miftah Ismail, a man of wisdom. Brilliantly explained Pakistan’s plight. (We are not productive at all and are not willing to become so).
Remember Mr. Mifta despite all his knowledge and wisdom was and remains a part of the thugs known as PML(N). Who even in this crises are only working for the interests of a narrow clique of greedy and corrupt politicians.
It is appauling to see that Dr. Miftah Ismail thinks that Indian ministers would be having enough to respond to a part time minister from Pakistan.
If it was a genuine request then it should have come as a written request via the Indian High Commission in Islamabad.
You tried to play a geopolitical game even though 1/3 rd of your country was under flood water.
Brilliant session 👏
Excellent. Mifta Ismail for Prime Minister of Pakistan, soon.
None of the current MNA's and so called political figures have got that clarity in thoughts and a few solutions.
If you don't want to discriminate between people of different religion, allow non Muslims to become pakistan PM.
His observation over growing population is admiring. We need similar rationale at our end in india
No. We have a different problem. Demographic change in population. But overall population increase is not happening.
We have already reached replacement level birth rate - so it's not a problem for India any more.
@@ravishingravi there is no issue of demographic change in India. Not even a remote possibility. It's only a popular propaganda point for incitement and spreading alarm by the hindu nationalist RW.
@@mrgyani Demographic changes is important.Even though population declining.Creation of Pakistan happened with few Islamists only.
I guess you have limited understanding ....India's population is it's strength and demographic dividend in having young talented educated resource is a force to reckon with.
I agree it's a challenge for us to provide best education to all and we should improve ...that doesn't mean we reduce the population.
Western countries are suffering from birth rate issue.
Don't peddle and blindly follow western media.
These are amazing sessions. Great job everyone involved. Please keep going!
I listened to it late but really learned a lot.
Need more such apolitical talks from unbiased professionals to be clear about our issues and their solutions.
When 70% of the budget goes to defense, a pure cost center, then it's a self created economic crisis.
The way out is simple.
Smoke the peace pipe with India which Pak army will never allow as peace with India is an existential threat to Pak army.
More than 90% of Kashmir, without Hindu Jammu and Buddhist Ladakh is under Pakistan possession.
Public bhi awaz nahi uthati pata nahi konsa lollipop muh mein diya hai😄😄
Why blame a farmer? U shoul provide them modern techniques of farming
Farmers should work hard too
@@Rabindra_ how? they should taught the latest technology or techniques in modern farming by Govt agencies and given good quality seeds and urea at subsidised prices.. without support system like that even if farmer works 24 hours, yield would not increase
I am actually highly obliged to express my very thankfulness to you for your very knowledge-sharing efforts that you are actually doing it for all the people.
The very fact there are more Indians watching this vs Pakistanis shows the intellectual capacity between 2 countries .
A country which is in conflict with its identity, culture , history and in addition now religious fanaticism which is pretty common in Islam .....I don't it can be saved !!!!
Good luck!!!
He is in footfront to educate Pakistani nation about economy. Better than economy teachers
Front foot
Forefront!
How pakistan will improve. Your viewers are 1100. Subscribers are 11k. You got 220 M people. Tariq Jamil, imra n riaz khan got 10 M subscribers
Instead of work you pray 5 times a day. Those who work n work 24 hrs a day they only come up. See Dubai, saudi, there works go on for 24 hrs
Mostly your viewers are Indians like me
I worked with greatest mind from pakistan and trust me u have talent but u need to rise and say let’s do it
Dr Miftah Ismail sounds like a smart man. This show is doing an excellent job. Thank you Dr Hoodbhoy.
Sadly if Pakistan has such learned intellectuals, then why it is inching towards a failed economy and bankruptcy. A big question mark on its leaders and politicians
The other gu6 is just another selfish minister who is just doing his ullu seedha. Most of his talk was either blaming Imran Khan or India or the previous ministers. He dodged all the questions that asked the real questions.
Prospects, you got me on that one. Nice one. Comedy is quite essential part of one’s entertainment, glad that you’ve not neglected that important feature.
Miftah Ismail is an industrialist from Karachi. His analysis is narrowly focused on banking and industrial production--all urban issues. But agriculture is a bigger sector of Pakistan's economy. For some strange reason when Miftah talks about macroeconomics, he does not even mention agriculture which employs more people.
If he were from KPK he would only talk about pushtoons........chutiya qom........but he is from Karachi so he is thinking about entire country
@@ghazanhussain2070 Your ignorance is total and complete.
Really heartbreaking yet also very candid and sincere and professional talk by miftah except his affiliation with n league.
He is more clear headed than the Pervez sb
Well balanced and mostly unbiased analysis by miftah.
It is time to set our priority and move forward.
We need to start somewhere and awareness of the challenges and solutions is the first step.
Keep it up.
Need to have more of such talks and debates with unbiased and sincere experts without prejudices.
Greetings from New Delhi...Exhilarating discussion but the ultimate solution lies in Peace with India. The LOC should be declared the International Border ...There should be free movement of people and trade between the two nations( including Kashmir) and a drastic reduction in Defence expenditure leading to more focus and spending on betterment of society. This will be a boon for both the nations and more so for Pakistan.
Do u think pak politicians, army n judiciary really care for their country? U really r crazy if u think that. They have dual citizenship policy in pak. None of the above mentioned people stay in pak for long. They make their money n run away to Canada Uk, USA or other EU countries. Right now Bajwa is buying a house in EU from the 36 billion looted from pak army funds. Moreover we have enough problems with indian muslims. Pak people can't be trusted. All over the world they r shunned because of their behaviour. If u like them a lot u should shift to pak.
"aman ki aasha" is dangerous fraud played on Bharat from people like you which was big roadblock in Bharat's progress, but I am happy that most people today aren't as ignorant, delusional, insensitive as you are.
Loc is already a international border if u're educated enough although u said about Kashmir, i don't believe there should be any interaction coz u like bloody civilians had nobody in your family on the border coz u can say that in your zone, please send your brother and somebody else from your family and then came and asked you want free movement and love. Hope you had understood when i haven't met my brother for last 6 months since he is on border. F_u