Behind Pakistan’s economic meltdown, a web of subsidies for the super-rich?
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- Опубліковано 6 лют 2023
- The deadline for Pakistan to secure a bailout from the IMF runs out this week, but Prime Minister Shehbaz Sharif remains reluctant to enforce the austerity measures it is demanding. The reluctance, economist Uzair Yunus says, is rooted in an élite that’s fattened itself with public money. Watch #ThePrintCrosshairs with Praveen Swami
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For our indian audience, Uzair is a very intelligent and smart guy. I have listened to him on a lot of Pakistani podcasts.
Thanks plz tell that to the rest of your brain dead colleague's
He is very honest person....
I think he is a pakisthani American
@@niladribanerjee2821 yes he is most all elite Pakistanis will pick briefcase and leave
uzair is our brother. his grandpa migrated from Gujrat to Karachi. He is a memon. Do check out his video on when he visited india recently to his ancestral place and other places in India.
As a pakistani i trust indian media over pakistani media...
Thanks for providing quality news
Same here
We don't even trust our mainstream media 😂😂.
TRP scavengers
I also like some pakistani podcasts and centrists journalists like syed muzammil shah
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This just shows how incredibly fortunate India was to have Shri. PVN Rao as PM during our economic crisis. No other PM in our history (except may be AB Vajpayee) would have had the guts to do what PVNR did because it was political suicide in the short run (and, PVNR was out of power after his term ended).
And PVNR did it with a minority Government (with support from ABV who was LoP at the time).
The appetite of our governments to take decisions which are good for the economy but not necessarily popular ended with ABV's defeat in 2004. MMS may have had a personal preference to take those decisions, but he had no backing and no control over his party to push them through. And the present Modi Government is too populist and simply doesn't want to rock the boat and undertake further reforms because the economy is already growing steadily and it doesn't want to rock the boat and lose support from anyone.
Whatever progress India has achieved in the last 30 years, it owes to 2 Governments - the PVNR government from 1991-1996 and ABV Government from 1998-2004. And Indian public unceremoniously kicked both of them out, ensuring no future Government will dare be brave enough to undertake bold reforms ever again.
Mr.Chinmay demontisation decision is populastic decision.?Mr.modi is one of best global leader.
Seriously PVNR is a god sent angel. The more I learn about him, the more sad and depressed I become. He is exceptionally brilliant guy. He is a very capable economist. He knew 7 languages. He fought for liberation of Hyderabad from Nizams. I just love this man. So is the case with Shri Lal Bahdur Shastri. All these years Khangress govt reduced his importance.
Yeah we are lucky for having PVNR.
@@PanakaluPoonakam well true indeed but the future of Indian economy might look good but there is always uncertainity.
Let's not forget Chandrasheker. He initiated the reforms process. PVR pushed it through and it must be commended but Chadrashekar had the foresight.
It's good to see uzair here, I see his podcast sometimes to have some idea about pak economy. Good job.
Me too.
Mr Swami...u r absolutely brilliant at interviewing people & you have an uncanny knack to go right to the real issues
Really impressed by your choice of guest here.. Never thought I would see him here on this channel.
Why is that?
best crossover in recent times. imagine uzair, hussain haqqani, shekhar gupta, ishtiaq ahmed
Dynasty + Military + Islam
Futile combo
Absolutely
Is Islam part of North Korea’s narrative too ….
@@Critic224 no, that's why north koreans are not killing themselves just to murder kafirs
@@Critic224 Turkmenistan
@@Critic224 No North Koreans civilian don't have basic rights but Pakistan have during non martial law.
On other hand nobody killed for blasphemy I North Korea
But in Pakistan it is reality
What a wonderful conversation. This is what we love paying for. Keep 'em coming
I’m so glad you found it engaging. Suggestions for people you’d like me to interview are most welcome: : Praveen
Did you enjoy the News drowning pakistan
Uzair was very well prepared...good to see some intellect coming out of Pakistan...we need more people like this to reshape and run
With intellects like him how can Pakistan fail?
cos unfortunately they trade their knowledge & skills in some other country
Brilliant guy, I am subscribed to his UA-cam channel - Pakistanomy.
The problem is Military has lots of business interests. They run lot of businesses. Every business man needs political connections. So even if Army wants to get out of politics, their business interests come in the way of such a decision. And importantly few Military firms have a monopoly over market. If they leave politics alone, naturally politicians will walk into that space to distribute their political power. And that will compromise Military's financial interests. And to top it, Military has a gun. They don't hesitate to point it to the heads of politicians. You see what kind of a knotted situation it is? Even if someone gives an advice they can't carry it through without some serious bloodshed on streets.
pakistans problems are deep rooted from identity crisis to general Reginald dyer's soul still in the country. And believe it or not pakistan's elites know that the IMF would always bail them out because USA would not want another North Korea but sadly all at the cost of middle class.
Hindu nationalist since 1947 are telling there people that believe me Pakistan will fall next year 🤣🤣🤣🤣👍🤣🤣🤣
Praveen Swamy … the Peter Drury of Security and Strategic affairs 😊
I’m a big fan-thank you 😊: Praveen
Ah, I see you're a man of culture as well.
Uzair is the best analyst of Pakistan origin
Great insightful discussion. Heard Mr. Yunus for the first time. He seems very knowledgeable and articulate. Thanks for bringing him for a discussion. After the discussion, the first feeling I get is relief that in India we have had leaders who though may have had lots of drawbacks but took some decisions for the long term benefit of the country (by being fiscally prudent), even though those decisions may have cost them some popularity among the voters.
Great discussion. Tragic to see that in spite of people like Uzair and Atif Mia, Pakistan is in this sad state. Possibly, the public isn’t wise enough to select their leaders correctly or the correct leaders don’t want to dirty their hands in public affairs. The more one hears these discussions the more the importance of education and rational thinking emerges.
Why are you so concern about pakistani Muslims instead Hindus, who are suffering more in Pakistan,,they can't eat...
@@adeshsingh4381 There is this "creepy" behavior of lefties that they feel they've accomplished great things doing armchair sympathizing. People like this call suicide bombers as "social workers" and J ihadis as political thinkers etc. But god forbid they say some nice things about us or Kashmiri pandits. Somehow we are lesser human beings according such people.
@@adeshsingh4381 One needs special talent to make every conversation about Hindus and Muslims.
@@adeshsingh4381 it's not hard to use more than one track of one's brain Sir
Uzair made it onto The Print!! ..😀
@@Inevitable-Indic-revival When everyone starts speaking in the civilised manner that you do, I am sure it will be the inevitable Indic revival that you have been waiting for.
Wonderful conversation. Heartening to see a learned fellow from Pakistan talk sense. Hope good sense and wisdom prevails in power centers through the likes of Uzaie Yunus.
Wow. Fantastic conversation. Both the interviewer and interviewed did an awesome job. High quality program🎉 Praveen is simply outstanding in his questions. Short, clear, concise and critical questions
Impressed with the discussion, especially the data points and analysis by Mr. Yunus. Thanks for Praveen Swami.
Thank you for such a discussion on facts instead of cluttering it with other complex associated forces
It is a pleasant surprise to see Uzair Younus at The Print. He is one of the most frequent and astute guests at The Pakistan Experience which is hosted by Shehzad. Thank you Praveen Swamiji.
Uzair also runs his own UA-cam channel called Pakistonomy
Such a intelligent guy, this guy should be hands down the finance minister of pakistan.
If they have gone to IMF 22 times. What makes this time so different? Why is there so much news this time and why are they not getting the bailout this time around?
Solution: No Mazhab till 21. The ONLY and ONly solution.
This one program fully clarifies the situation. Great guest, Mr. Swami!
Hey its the Pakistonomy guy!
Excellent analysis Mr. Uzair. I hope the people who matter take’s notes of what you are saying. That seems to be the only way to save Pakistan economically.
Subsidies should be stopped in India except for farmers that too after a rational study.
The opposition will not allow it
Good analysis based on facts and reality of the situation prevailing in our country by Mr Uzair !
One suggestion to the print
Can you add a guest speaker in the description or on video , you may have introduced him earlier video but it isn't registered
The naan example was fantastic!
It might sound drastic but Pakistan needs to open thousands of liquor shops and close thousands of madrasah.
As madrasah education is more dangerous
Legalize weed. The quran says nothing about weed being haraam. Tax the weed sales.
Very impressed by Uzai Younus. Super content. Thank you
Why does the Prime Minister M Shahbaz Shareef not come on a television address to the nation and explain to the people that the crux of their problem is the Army, its size and its overspending on itself. He may get kicked out by the Army but the people will know who is really responsible for their fate.
My naive friend in 1999 nawaz sharif did the same with mushraff the moment PTV broadcast end the army took control of PTV and moments later nawaz sharif was arrested exile and marshall law was inforced
Cos they are brought in by the army. PDM were all political enemies stitched together by the army to dislodge previous PM.
@@magma9000 True. But the situation is much worse this time. Why cannot the civilian government simply throw its hands up and throw this particular baby into the Army's lap. Let them face the music with the IMF. Come to that what happens to the billions that the Americans poured into the country?
Happy to see uzair here on print . Looks uzair and print will be made for each other . Vibes match . Nice discussion.
What a gentlemanly discussion
Brilliant 👏 👏
One of the best discussions I have come across as far as e conomy of Pak. I feel people like Uzair are not taken seriously in Pak.
Wow. Brilliant Sir.
We should not trade with Pakistan at all. These guys have not changed their outlook at all. London school of economics hosted a summit to discuss Pakistani economy and at the end of it they wanted trade with India ….. so that they could fund a war with India.
Trade is not about improving lives or getting out of poverty but merely a means for them to achieve their vile objectives.
Your discussions are a treat to watch sir. Thanks ❤
Kind of you!: Praveen
Pakistan can raise enough money by taxing on agricultural land owners. So far Parkin has exempted the land owner from income tax. Remember Pakistan is an agricultural economy. TAX THE RICH, let them pay their share. They can not drive on the roads built and paid by taxpayers including other services likewise.
Those who asked for Pakistan did so exactly for this reason.
Beautifully explained
Smartest guy out of Pakistan. Might be many but first one I heard of.
Maybe an unpopular opinion, but India does work best during crisis which seems too difficult for other nations.
What if Pakistan sets its rate to 1PKR = 1USD. Will they then import and buy oil at that exchange rate?
In 1993 when India faced a foreign currency crunch Indian Govt air lifted its gold holdings abroad and borrowed against it. Then the Indian Govt floated gold bonds appealing to Indians to lend their gold to the Govt for 5 years. India weathered the storm.
India has the world's largest reserves of privately / individually owned gold.
Very informative and very insightful discussion.. thank you
Today they killed and set fire to a person suspected of blasphemy. This is Pakistan and future INDIA
A very basic structural advise - a poor political system will not produce a robust and working economic structure. Both politics and economy has to be "by and for" people. Politics for military cannot produce economy for people in any country. Work on it.
He did not mention the impact of the military creating the Indian bogey used to justify import of weapon systems with the associated cutbacks.
Interesting discussion...thank you
Good knowledgable guest speaker
Great discussion
Good discussion ❤️
Pakistan needs urgent land reforms, withdrawal of subsidies to the rich and focus on quality education, to come out of its economic crisis saga. And trim its bloated armed forces drastically.
Wonderful discussion...
"Geopolitical rents" remaineds me of childhood story, goose and the golden eggs.
The detection bill policy to stop the electricity theft & increase recovery is musharaf era's gift to all of the law abiding citizens of Pakistan who were connected to the power grid legally bill paying citizens still suffer from it
Really a smart guy, Pakistan has talent
Well what was thought before ?
Nice conversation
Wonderful analysis n interesting discourse …well done
A very good discussion!
Uzair has been very clear!
But I really wonder, would he not face charges of being a desh drohi in his own country? Hence, we can say that he is quite brave.
Lovely listening to Uzair Bhai 😍😍
Print brought a sensible guy on pakistan economy.
I am very happy i left Pakistan.
We also reduced income tax on super rich by 12% this year and in 2019?had reduced corporate tax ?
America actually feels harassed 😂😂😂😂 . Pakistan is nuclear trouble
Pakistan should follow Singapore model and should charge 10000 dollar per Car as registration fee. Exempt buses and motorcycles.
Thank for info
Pakistans resource gap is staggering. There is no real value added economy that exists today. Pakistan economic future is doomed as of now..
A very Articulated, Insight!
All this data feels like the seed and pre birth of French revolution all over again. But this time in Pakistan.
More power to the hard working masses of Pakistan.
May they install a better governance system which uses money wisely to grow the masses of Pakistan rather than waste money on violence across the border
Same for india before liberalisation 1992
Great economic questions by Praveen didn't expect a geostrategy expert to ask such astute economic questions. Praveen is a master of all trades. Brilliant guy..but I hope he is really cautious of Pakistani experts who take the line of their military. Uzair is very articulate so was the ex-NSA ISI spy !!
Without a regional cooperation there are rare chances of progress. Trade between the two countries favours more to Pakistan. India is a huge country and it has less impact of trade. But principally without a regional cooperation among India, Pakistan, China, Iran and other regional countries, it is rare to expect prosperity specially among smaller countries.
Our economies were intertwined since ancient times and majority of pakistan's business community were hindu and sikhs ,Pak lost them, then they lost their manufacturing and exporting hub Bangladesh .. ruined ties with India,Iran,Afganistan with wars .
Invited economic predator chyna 😅 wid unnecessary debts.
Bangladesh is doing fine after 1971 cuz of economic integration with India ... it's perfect symbiosis
It's disappointing to see chynese exploiting natural resources of Pak and iran and shitss back to us all because of pakistani establishment
IMF will not get even a dollar back.
First normal, intelligent Pakistani who doesn't dive into hate India rhetorics that I have ever come across.
Pakistan 🇵🇰 does not need any support from IMF.
Agree it’s kafir money anyway and that’s haram
👏👏👏
Uzair makes economic principles so simple that Indian economists should learn from. 2 naans for a common man analogy is so cool. Very good clarification on CPEC investment, don't understand why our media doesn't view things from Pakistan point of view instead of saying debt trap and all
Well it will eventually end up being a debt trap. Although it has more to do with poor planning from Pakistan side than china. Pakistan’s government just went with big eye catching projects rather then slowly building a part of port/roadways with focusing also on “how are we gonna use this infrastructure” and as the need arises expanding the infrastructure further(like most of the infrastructure construction happens in India).
Pakistan military must shrink….Military can’t consume 60% of the economic resources….people will be left with nothing
Please don't cite India's numbers. Our military spending is far less than other players in the region. Train your soldiers better so you don't suffer the Abhinandan embarrassment despite 10x the budget. Your army misfires missiles, shoots down your own helicopters, gets caught with its pants down smuggling 3000 kg of heroin, and has now sanctioned a hike in defense budget to bail out Adani. Focus on that.
@@ibratnak Despite all the instances you have mentioned….our country India has not collapsed like your country Pakistan…Tomorrow if Pakistan doesn’t exist due to this economic collapse…..What will the Military rule?
@@diwakarda1 Don't worry, your fantasies will remain fantasies. The road ahead is tough, but we will pull through like we always have.
@@diwakarda1 Military rule? I think you mistook Pakistan for India. Our government does not sanction hike in defense budget to bail out army's frontmen like Adani. Indian army smuggled hundreds of tons of Afghan heroin to Indian kids and none questioned when the last consignment of 3000kg was deliberately caught.
@@ibratnak
93,000 is the embarrassment.
Abhinandan case was a pride moment for us
Why these people hiding all these facts from Pakistani people
Wen 55% of a budget is for military expenses & the total shared among elites is 85 % of da budget deres only 15% left for public expenditure. Like a scale - 1 side has way to much & shub be taxed accordingly ,cut down military expenses ( dat is a web on its own of funnelling money into radical proxy groups ) wrt Kashmir - Pak. Has violated all u.n resolutions has no locus standi & shud forget ABT Kashmir. Den prob. Da doors will unlock to huge potential.its also become a home to roost for dis very proxies it created to harm India. Ironically it has reached da point of grass to eat wid nukes & itself is being cut up by a 1000 self inflicted cuts.
This is quite funny to say the least. Praveen Swami was a special invitee in Beijing at the launch of the Belt and Road despite India being the only major country which publivly opposed it.
👍👍
Prime example of Pakistan as a model.
Many countries will follow the example.
Reduce population significantly.
Education has to be enhanced significantly.
It takes many years .
India , Bangladesh, Sri Lanka all will follow.
11.29 so disgusting
We felt great shame when our country India had to go to IMF in 90s.Despite having large size, large population, having a big agriculture,we had to face such dire situation.But I think the main reason is the rampant corruption in Congress rule is the main reason.Congress party started a vicious cycle of corruption in this country since 1970s, which is still very difficult to break even today.Even after 9years of Modi govt., corruption is still happening.IAS officers lobby is still brazenly indulging in rampant corruption.I think that anybody having corruption in his DNA becomes IAS officer.
A failed state in the neighborhood is not good news for India
Dar, The Family Accountant, has been Disastrous for the economy and the country.
We need Atif Mia, a ahmedia from pakistan, who is top 10 economist on your show. He is based in usa.
Have we given BHARAT RATNA to Narasimharao for saving us from economic devastation
Second Pakistani who is talking sensibly after Atif mian
Why do you have worry ( why you think india has to worry ) if Pakisthan drowns for its own doing ?
Good analysis on the economy of our neighbor.
64 views. But 21 comments already?
Well, Paxtan is a such a drama queen. Jimmies gotta be itching.
I like his Pakistonomy podcast and Nazuk mor. Sane podcast.
This was brilliant. I don’t comment much, but feel compelled to do so in that case, as I learned a lot. I sent in $100 sometime ago, as I think it is important to support creating such thoughtful content.
👍