Why has the Dollar Crossed 200?
ฝัง
- เผยแพร่เมื่อ 15 มิ.ย. 2024
- Pakistan’s economy is spiraling out of control with the rupee hitting a record low on a daily basis. What is driving this crisis and how can Pakistan get out of this tailspin?
This episode focuses on the ongoing crisis, with Ammar H. Khan joining the podcast to offer his perspective on what is going on and the path forward. Ammar is a non-resident fellow at the Atlantic Council, and is the Group Chief Risk Officer at Karandaaz Pakistan, a UK FCDO and BMGF backed entity that focuses on enabling access to finance for Small & Medium Enterprises, and digital financial inclusion.
Previously, he has worked with the largest asset manager in Pakistan as a Chief Risk Officer, as well as at HSBC in varying roles in sovereign risk assessment, and credit risk. In addition, he has been a consultant to multiple energy projects, from coal mines to LNG power plants, and terminals, with an accumulated ticket size of more than US$10 billion. Having worked in projects across the energy value chain, Ammar has an in-depth understanding of the intricacies of the sector.
He tweets at @rogueonomist.
Chapters:
0:00 Introduction
1:05 What is fueling the crisis?
11:00 Does banning luxury goods help?
15:40 IMF negotiations
19:20 How should citizens prepare?
24:20 Monetary policy and growth
29:00 How to achieve sustainable growth?
36:00 Key decisions that must be made
40:20 Conclusion
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Very informative.... Lot of learning... Lot of respect from 🇮🇳... Here in India we can not register property to new owner without paying tax. There is no amnesty. Penalty for late payment is 400%
Still If you don't pay, u can't sell to another person because his bank will not allow loans.
There is ready record area wise and updated every year (below that rate you can not purchase)
👍
😂👉🏻 If instead of Funding Terrorism and increasing military expenditure in dreams of snatching Kashmir, Pak should have invested in its infrastructure and intellectual voids 70 years ago, it would have been in better situation today!!!
Pakistan imported tea worth 580 million dollar in 2020, more than UK or USA 🇺🇸
Yet Pakistan government never bothered to research tea production in Pakistan
They are importing wheat.....
Tea requires a certain climate and soil.....maybe they have too cold n too hot regions
Vichey Haji, Vichey Qazi, Vichey Chori chakka.
When the basic human personality of a nation is warped, then no one knows what they are doing or where they are going.
We’ve been investing in Pakistan since 1961 only to realise now it was a bottomless pit with no return whatsoever.
Goodbye Pakistan. The shows over.
what percentage of people eligible for subsidy have a bank account for cash transfer?
Great commentary as always. To the point and precise. I would have liked the guest to touch more on the inflation that will result from fuel price hike and elaborate soft landing with historical example. Otherwise it was a great synopsis.
1st time watching on this channel Ammar H. Khan statements makes sense
Thank you!
18 billion cag and 18 bn USD as loan payment. Where will you get that money from?
Hello Mr.U .Younis,
Hello from Mumbai & you guys are having a discussion which is from the middle ages-read the under ;
1) Mumbai registers 3000 cars daily & petrol is Rs.132/- per litre & diesel is Rs.122/- per litre & all autos & taxis in Mumbai run on CNG since 2013.
Public transport is supreme -the BEST Buses are charging Rs.5/- for 05 km & Rs.6/- for AC Buses & by 2027 all the 10,000 buses run by the Municipality will be AC Electric buses - additional 2100 buses were ordered today and are going to be delivered by end 2022 & LOCAL trains in Mumbai are every 3 minutes & 32% of all trains are now airconditioned + there is 45 km of Metro trains currently & by 2035 the metro trains will reach 237 km.
Pakistan cannot progress unless it has a strong STEM education system which India set up in 1951 your country cannot build steel, cement, power, nuclear, automobile plants, and heavy local industry unless you'll can build, sustain, and maintain a modern economy.
1) EDUCATION: India decided to build skilled manpower-the 1st IIT was set up in 1956 at IIT Kharagpur & India has 23 IIT Colleges + another 33 more National Institute of Technology institutes since 1951 State universities have produced BTECH Graduates like Narayan Murthy who started INFOSYS which now is a 50 Billion US Dollar company & there are another 100 other non-IIIT and non-NIT UNIVERSITIES since 1947 besides private sector universities like BITS(Pilani) & Manipal & Amity university-btw-Satya NADELLA who is CEO of Microsoft is from Manipal University
2) State REORGANISATION: in 1956 under a linguistic basis & with English as a link language has spared India from a break up like in Bangladesh and an upcoming break up in Balochistan-as a Pakistani you should study & understand the real power of language, a culture which always trumps RELIGION.
3)AGRICULTURE: India understood that Agriculture is a science -so the 1st central Agricultural university was started in 1960 & in 2022 there are 33 state agricultural universities + 05 central agricultural universities + there were Fertilizer Plants, Water Management, New Seeds, Soil Science, Water Science, etc -this is why the agricultural sector is doing well in 2022 & in time to come will be better
Of course, as an experienced TH-camr, you surely know more than me.
Y wasting ur energy brother on these madarsachap chuslams. Just listen n njoy
@@medical01647
Well if folks like you & the UP Boaster are reading it is not a waste of time
@@medical01647 they are not illeterate fucks also this is highly idiotic thing you said.. economic performance of some our northern States isn't different from pakistan..much worse i would say..what happened to bihar??
Great videooo thankss for giving these types of videos
I would disagree on the last point. Its not just self interest which is the problem but utter stupidity.
In a growing economy the rich and the political class benefit the most. Today's China;'s CCP leaders have reaped in enormous wealth due to the high growth in China's economy.
Corruption alone is not the problem, its a lack of vision & continuous mediocrity which is hampering growth.
True
I am sorry the discussion is superfluous, it has no historic data based interpretation, systemic ways to deal with disinvestment, monetization of infra , direct beneficiary transfer, political corruption .
Nice and Informative discussion indeed
Informative as usual. Thank You!
Ahhh - After Long time Itna zabardast information dekhne ko mili. Sukoon Mila Quality of Knowledge dekh K.
Keep it Up.
Thank you for the kind feedback
@@Pakistonomy ❤️❤️love from INDIA 🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳
First time watching the channel & it's awesome 👍..
Please make a video on INDIA too ❤️❤️
Great podcast. Really informative
Just one step will overturn all your issues. Military establishment should be shown its place, in a democracy
Good discussion….but debt repayment situation was not touched at all…..
Sri Lankan economy only earns 5% of its gdp from tourism.
Isn't it somewhere between 10 and 12%?
Hello Uzair. A fan of your podcast. Just wanted to interject and tell you that there is a Tax on Agriculture Income. Its just the collection of it is not at the Federal Level and is not governed by the provisions of the Income Tax.
"puckaa promise" love that statement.🤣😂
If they imposed import ban how they will be able to collect 6000 billion tax?
Good one. Bht aala.
What is the Twitter id of Ammar H Khan to read his articles and check his views on economy?
Also, it would be wonderful if you could do a show on what governs the price of Oil in the Global Market and how does it go up and down.
At 120 US DOLLARS a barrel - ethanol, shale oil & gas, Alternative Fuels are viable & OPEC that *controls price by curtailing supply* will *lose demand permanently*-India's oil bill used to be 85 Billion US dollars @ 75 US dollars & this year (2022) -05 billion dollars is ethanol & 12 billion dollars is going to be *local shale oil*, -so *almost 20% drop in demand or purchase*
thankyou to make in Hindi real economics can be learnt thorough outer perspective going through crisis hope you'd recover soon
Economy is a very huge subject, without considering international relations you can never get a full picture of a countries economic future. Unlike 2011, in 2022 West is not friendly towards pakistan and has a very little intrest in Pakistan.
On the other hand West has come closer to India like never before. And India's one of few priorities is to scr3w pk. So it's going to get worse. Closeness with China is also another reason to worry for pakistan because China would love to see pkstan struggling, the more it struggles more easier it gets for China to control pk.
Opps Indian IITn put a comment 😂
Bro take a fucking wash
@@ali19231 tell Youthiyas to stop shitting in Islamabad streets dharna
Kinda true but the reason isn't limited to India or west.. it's their own structural issues
Indian here, I don't understand why this keeps happening in Pakistan cyclically every few years.
There is a trade deficit which causes this - so every year Pakistan loses a certain % of its currency compared to USD (this is true for India as well, even we lose a small % to USD every year). But then why does the problem reach critical stage every few years in Pakistan?
If you let your currency devalue - that should restore the trade balance right? I have a feeling, even after devaluation Pakistan just doesn't have the goods and services to export to meet the trade deficit - and this is the root of the issue.
23:05 - ah, I think my question was answered here 👍 thanks
what a beautiful way you have decided ?
very good discussion
@uzair in Pakistonomy episode 4, Dr. Atif Mian says that we shouldn't fund imports with short term dollar deposits.
Doesn't RDA fall in that category?
What about getting Dr. Atif Mian back on the show for his take on the economic situation now?
He said it was "dire" back in July 2020, I wonder what he will say now!
thank you
Make one episode on y the usdx or dxy is gaining so much strength??
Has any country ever provided cash transfer to motorcyclist? I would say that we should increase subsidy to electricity consumers below 500 units & increase prices for those above 500 units & end fuel subsidy.
We should give 50% subsidy for people who use 100unit of electricity, 30% for people who use upto 200 units, till 300units we should charge full price but with initial subsides included, after 300 units all subsidies should be removed and we should charge additional 1-2 pkr for the subsidies which the poor are getting
Really doing good job
More of Ammar bhai please.
Bhut khub
You can really use some good mic/studio. Voice quality can improve.
shyad problem ye hai ki hum net importer kyu hai. khane ki cheeze bhi hum import karte hai
Best vlog.👌🌼🌼🌼.
What is expected dollars rate after 1 month?
Great video and interesting insights for sure.
An economist giving "Khuda Ka Khof" advice was somewhat amusing!
Brilliant discussion touching key points. SL tourism was hit mainly because of the church bombings. The impact was exacerbated later on by Covid pandemic.
You are still discussing superficial aspects instead of the core issues
Ammar is a cute hunk
The only problem with us is that we never think as a Nation or merely think.
Quite enjoyed the discussion; Mr. Amaar displayed good practical understanding of the Pakistonomy. And Mr. Umair Younus was right at the point all the time with his latest data..
Keep up the good work sir!!
❤️❤️love from INDIA 🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳
First time watching the channel & it's awesome 👍..
Please make a video on INDIA too ❤️❤️
Dollar will go to 230+ at the end of 2022 as US fed will implement 3+ % interest rate which is now 1%.
300 jayega by August
Ammar Khan is so nonprofessional.u just dont show emotions .like his round about comments.People dont need emotion they just crisp n to the point reply
Dont hey me wrong Ammar khan is very good n knowledgeable.but his style like he is about to sleep and some comments were not good.i learnt a lot from this video frm him
You say Pune is a relatively small city? It is the 7th largest city in India. Only 2 Pakistani cities ie Karachi and Lahore are bigger than Pune
Uzair Younus voice exactly same like Arshad Shareef ARY voice
We have seen bad times then this but do remember that it is not going like bad time then good time which cancel outs prrvious bad time , so basically we are keep adding bad times, and there is a limit to how much bad time can be sustained
Your this Bad Time has NOT yet started even..
@@bhaktikulkarni2005 This is a frog in a boiling water situation
Ur videos are too long.People dont watch that long videos.Please make it 5-7 mins max.it will give more views.Just a suggestion.Good stuff bdw
bohot achhi guftugu hay..ab aap log to election jeet kar isumbly main jaana nahi chahaingay..?magar jo log isumbly main mojood hain unsub ko aapki tarah achha thinker pakistan k faaiday k leay banaanay k leay koi department to hona chaheay ya banaana chaheay jo..qomi subaai isambliyoon main mojood logo ko misbat productive soch denay or unsay honay waalay pakistan k faaiday ko ujaagar kar k dikhaanay k leay kaam karnay ka rujhaan peda karain.simt durust hojaaegi..shukriya
It's good.
U need to speak both English and Urdu for more understanding.
Thanks if u concern it.
@16.00 Srilanka Tourism only contribute 12 percentage of total gdp. It's main export is agricultural product like tea and rice which contribute 17 percentage. It's main source of income is textiles and garment which 52 percentage of total gdp. Therefore tourism is 5th source of income in srilanka not the main source of income. Pakistani 🇵🇰 always do fake analysis with confidence. 😂
this does not happen in last 2-3 months don't blame the change of Govt. which was absolute necessary , the real disaster happen from 2018 and the way economy was demolished it's nonsense that you talk about last 2-3 months
voice quality is not good yar fix it plz
Voice quality as well as enlargement of screen size
kya ho raha hai kyon ho raha hai kis liye ho raha hai? Pata sabko hai par manta koi nai hai😂😂😂😂😂 70 saal se nazuk mod par hi hai bhai ye mulk😂😂😂
😂😂
How can Pakistan survive on just some textile or some sports manufacturing where the whole bunch of things Pakistan import, Has anybody consider Pakistan population growth and property/plot development on Agricultural land, differing from guest yes sri lanka is tourism economy so is Pakistan on remittance, Global inflation is raising, do Pakistan currency handle the shoke?
Only IT exports can save Pakistan
Dollar price increase as per it's demand . Present demand is going out of hand due to non availability of proper Govt in Afghanistan and non availability of foreign currency bank in Afghanistan. Afghanistan people use Pakistani banks and their import also come to Pakistan. Control that outflow and I control a lot.
Second is unstable Govt lowering stocks buying expensive petrol and selling cheap
After listening to all the logic and economics which is not new for me due to my profession, I feel that it will not work in Pakistan. The nation is emotional. Logic rationality has no place. Even the learned is looking for a messiah. And ofcourse masses are not educated or even literate.
Pakistan has fundamental problems, structural problems. Everything else is bandaid.
Why has Pakistan not failed? What is Pakistan doing right? Pakistan has not become like Srilanka. What is working? Something is working! That needs to be identified and built
Your understanding of Failure is completely different than the usual one.. So exactly you do mean by failed state ?
At one end you are saying Govt is doing fluff stuff by stopping luxury imports as they are hardly worth few millions in import bill, which is right, on the other hand you are criticizing govt for subsidizing diesel for rich people to use in residential generators. Which also is hardly worth few millions in billions of dollars of fuel imports. Majorly diesel is used in industry and transportation which directly impacts poor people.
Please please make more episodes in urdu, tbe goal should be to educate Pakistanis 🤕
We have to select Islamic government like Jamati islami with Pakistan with out interest .بغیر سود کے پاکستان
Abhi 199 hn 😂
First of all
Pakistan need to stop terrorism
Give pok and Gilgit baltistan to india
Give freedom to Balochistan and sindhudesh
And after all this
Pakistan will go farword
Hahaha ... Are you mad ... 🤣 Pakistan is a sovereign state ... And All these terrorotries go to india and seprated from pakistan ... Then what what will left Pakistan ??? 😅
@@pioneer251 the real pakistan is punjabistan
@@pioneer251 just wait watch us follow us criticize us very soon in few decades your India will convert into Islamic Republic of India then we will come to you find another place for your family you just have one Hindu country you fool Muslim have 50+ countries take a bath or wash your head with hot 🥵 💦 water you're jam😤🤣🤣🤣🤣🤣
Kashmir is the main issue of Pakistan. Economy is secondary issue. From last 3-4 years Kashmir people are living without food and basic thing. We should focus on Kashmir first.
Yes Kashmir should be given to India otherwise they can't feed themselves how can they consider Kashmiri. Hope people of Kashmir got mind unless there will be land occupation which I think is gonna be ahead
Uncle mtlb khuch bhi 😂😂😂😂
Jaake video dekho aap kashmir ki latest .
3-4 saal bhooka rehna padgya na toh koi bande dafne wala bhi nhi bachega kashmir mein 😂😂
Sorry to say, very unrealistic thoughts, just wasted my time, better get some root level feedback on your suggestion (rather rhetoric)
India hv $600Bn Reserve.
Pakistan can take $20 Bn from India in exchange of your All Muslims living in India as per Liyakat-Nehru pack 1948.
From USA
Ullu hain Akbar Inshallah 😂😘😀
Ye sahi h usless uneducated people, we can pay for them 😂
Lol...you think we gonna leave our land???🥲🥲
@@aryanhassan4659 well 94% muslims voted for jinnah and pakistan in 1946 so you should be fullfilling your promise "varna thook kar chatna konsi badi baat h?"
@@paritoshdaurwal9484 I could definitely see your frustrations....keep it going😝🤣🤣
@@aryanhassan4659 yeah well keep on digressing
Bangladesh at 50: From 'basket case' to rising economic star:
Before the onset of the coronavirus pandemic, the economy was growing rapidly, recording an annual expansion in the range of 8% for years.
The Asian Development Bank said that despite the hit from the pandemic, Even in coronavirus pandemic GDP growth was 4.5 in 2020. the Bangladeshi economy is recovering fast.
"Bangladesh also grows enough food now to feed its 165 million people. The country has a significantly reduced maternal and infant mortality rate than many other countries in the world,"
Bangladesh achieved middle-income country status in 2015 and is on track to leave the United Nations' Least Developed Countries list.
Currently, 98% of children nationwide have finished primary school, with more girls in secondary school than boys.
Literacy rate rose to 74.9 % in 2021 from 26.8 % in 1974
According to Global Gender Gap report 2021 by the world Economic forum, Having closed 71.9% of its overall gender gap, Bangladesh is the most gender-equal country in South Asia for the seventh time in a raw.
world Economic forum say the Muslim-majority nation over the years has invested heavily in the lives of women and girls. It has also made progress in combating child malnutrition and reproductive health.
With a GDP of over $409 billion (€362 billion), Bangladesh currently has the world's 37th largest economy and forecasts suggest that the size of the economy could double by 2030 and Bangladesh will be the world's 26th largest economy
Bangladesh has became a food sufficient Country ,the country became 4th largest producer of rice 3rd in vegetable and 4th largest producer of fresh water fish in the world .
Over 97% of medicine made in Bangladesh , Currently Bangladesh export medicine more than 140 country .
The garment industry emerged as one of the nation's success stories in recent decades. It is the second-largest globally, only surpassed by China, and rakes in over $35 billion a year from exports.in 2022 only RMG export crossed over 42 Billion USD
The sector employs 4 million people, the majority (80%) of whom are women, contributing to female empowerment.
Meanwhile, the Bangladesh government has set an overall target for exports amounting to $51 billion in 2022.
Remittances also play a major role in the economy, with Bangladeshi workers employed abroad transferring nearly $24.7 billion in the fiscal year 2021.
"Per capita income has increased in Bangladesh. Now it is 2550 USD higher than India .Foreign reserve almost 45 Billion USD
The improvement in female education has transformed the socioeconomic structure,
Providing scholarships for women's and girls' education is another factor. The women are now more articulate.
Net Enrollment in primary school 97.91%. Life expectancy more than 73 years .poverty rate is decreasing less than 10 %. more than 100 million people are using internet regularly.
Power sector also made huge milestone of 100% access to Electricity in the golden jubilee year.
The country successfully launched its first satellite " Bangabandhu -1 "on may 12, 2018 and became 57th country to have own satellite in space.
Bangladesh is not resting but building 100 Economic zone almost 11 Economic zone ready for production and also building 28 hi-Tec park for ICT export .Bangladesh has set a vision to be a developed nation within 2041 . Despite of facing cyclone, flood ,climate change effect and very harsh border with army ruled Myanmar after all this happening in each and every year Bangladesh comeback strongly effectively in every sector of the country.
Greetings from Mumbai India
Everyone invests in the future & as per Climate Change 1992 -UN Report -pages 168 to pages 172 around *73% of Bangladesh Land area will be UNDER SEA by 2049 & around 59% of all cultivate land will be lost.
Also *98% of raw cotton for garments is imported mostly from India* & with various free trade agreements India has signed with U. A. E. & Australia & Upcoming agreements with UK. Canada, USA -the export of raw cotton is expected to drop 80% from India from 2026 onwards
Factor the above 02 points when you look at Bangladesh in the near. medium future