IMF is not killing Pakistans economy, our economy was murdered by our Generals who never allowed consistency in civilian Govt and were always meddling with Govt affairs and secondly our politicians who are jokers and have no clue how to run and manage a country, given the chance I wont even hire Shahbaz Sharif or Maryam or Bilawal for the post of peon in my office and we have given them the biggest offices , and lastly borrowing unnecessarily without transparency be that CPEC or any other project, so lets not blame our incompetency on IMF.
Sorry to say but blaming others has been the basic foundation of Pak. Actually, IMF never came to Pak requesting to take loans. Pak has been asking for the loan money from everybody without realizing that it has to be returned. Now Pak is not able to afford even the payment of interest on loans.
@@pradeepkumarmoghe4551 why you think people go to western countries and only 5%works if that the some work restaurants taxis butchers shops majority lives on social or welfare nothing to do but deal in drugs etc
Simple one liner…. An economic state can not be a military state, a military state can’t be an economic state. When your most powerful institution is a buisness conglomerate tell me which idiot would come and compete in that economy with these worldly gods?
Indeed Epitome of elite culture, suffered it for three years in Nishat group #NDF. Whatever he's suggesting in here they do everything opposite in their practices.
He just did.. give a very unbiased opinion. U cant just hate because he extremely successful. Hes a businessman. Yahan tou moulvi bhi paisa kamaana chahta hai.. don't hate the player hate the game.
Understand the solutions presented, verify then accept or reject. I don’t know the gentleman so my feelings about solutions are unbiased and I think they make sense.
Nishat Group is the biggest beneficiary of the current corrupt regime in Pakistan. I have a strong apprehension that Nishat Group is face and front of Sharif's business interest in Pakistan.
Whenever list of businesses is leaked who benefitted from corrupt practices. Nishat owners always tops it. Either its ipp's or banking sector. They always find their way on top of it. Best example of elite capture.
For me, this is a worthy listing podcast . For the person who is involved in business in Pakistan. Very impressive and informative 👏. Must listen it again . ❤❤❤❤
Great insight. This is the type of discussion that we need; it's not just one sectior or one entity who is messing up the country; it's we as a society as a whole that are mesed up and require drastic changes such as education, law and order, the justice system, government entities, people in power, replacing old with new, the defense sector, etc. All of them require a complete overhaul to shift the economy graph towards upwards to move forward in the right direction. We can't bring change with just the right fiscal policies, in short. Thank you for bringing the guest; he seems to be a great person and has shared great insight.
One major point I get from this talk is that we need some kind of dashboards or source of data that can be used to resolve the misinformation that is circulating in the public.
@@rawalpindiupdatesunbelievable Again listen to him Check verify and comment Discuss what he is saying Try to understand what he is saying. I assure you it will help your mind set.
The guest is amazing. The way he explains everything is mind-boggling. You have also asked very important questions. Lokking forward to have more discussion.
It feels more like a defense of elite capture and less like an analysis of economic conditions. The guest correctly identified that English language is a door to success in this country and mentioned Aitchison and KGS as a major road block. But in the same breath, he applauded the geniuses in the bureaucracy who are the very pinnacle of elite capture.
That was an insightful session. The animosity towards those running large businesses prevents us from forming joint ventures with major international companies, which is why they are choosing to invest in countries like India and Vietnam instead. This mindset must change because these big businesses have the potential to significantly boost our GDP and create more jobs. The future of our country depends on successful individuals, like Shahzad Saleem, stepping up to take leadership roles in the government and establishing a 10-year strategy for progress.
The most significant part of this entire podcast is at 1.19.09. There are no friends or enemies in business. It's all down to the deal and whether it makes economic and strategic sense to do it . Your country unfortunately believes in Samundar se gehera and Himalay se ooncha and Muslim Umma . The world doesn't operate that way at all.
Our Army earns from both of these clients. China and Arab countries. So need to promote religious and nationalist slogans. Easiest way of making people fool is religion and nationalism. By the way same thing is going on in India. Modi is selling nationalism and religion and Indians are also buying.
Well all I can say is if the latest Hurun Rich List which came out this week indicates that in the last one year ( 12 Month Period ) the number of Dollar Billionaires ( Billion not Million ) has gone up 29 % in India from 259 to 334 ( Up 75 in one year ) then Modi ji must be doing something right with the economy.
@@rawalpindiupdatesmodi is selling? He is a politician and that is called electoral politics. He is not wrong in that. Beyond that he also gives some focus on governance, development, stability. 240 seats are not complaining.
don't forget 'shehad se meethi, pacific se gehri' mohabaten, 'ummat ka leader hah'....atmi taqat hah.wahid issalami mulk hah'.....ghaas jo khaye HAH..........HAH HAH
Great podcast! Please invite these guests: -Atif Mian -lucky group’s CEO or founder -interloop textile’s CEO or founder -Anyone from the freelance sector
Pak lived on US freebie dollars for help in Afghanistan for decades. Now all those money is stopped suddenly as US got out of Afghanistan. Now pak is begging IMF for running the country but unable to fulfill IMF conditions and so no more loans to pak.
Shahzad rocks. All insights are significant. The critical was the culture of vilification that has seeped deep into our society. He’s absolutely right the process of finding next villain will destroy everything. The victim mentality on one hand and entitlement mentality on the other are deep into the psyche of hierarchical order of Pakistani Society and both are poison.
I work in Saudi Arabia and I am a chartered accountant. We have 500+ chartered accountants working at top companies in Saudi Arabia and Middle East at top levels and we are chartered accountants from Pakistan. We had our higher education from Pakistan.
I believe in mixed economy and high powered state enterprises authority to look after the 1- growth 2- price determination 3- inspection and quality control.
I am a freelancer, and I received a notice from the FBR for the 2017-2018 period. They classified all my remittances as income and applied a salary tax to them. My lawyer said they will agree on a percentage on total income otherwise they will not take it as remmitance and the case is now in the high court.
There is no tax on foreign salary, please explain, your remittance must mention that it is wages and then there is no taxes or max 1% tax only. I did remote job and knew it very well. Your case must be different it this statement is not correct.
If PAKISTAN is not happy with guidelines of IMF , do not approach IMF for assistance. “Beggars cannot be choosers “ STRONG RUPEE POLICY followed by PAKISTAN since inception led the country to economic perdition and destroying exports.
Maybe I am missing something but I don't understand why he keeps saying higher interest should devalue currency. I thought higher interest rates attract foreign investment due to better return which increases the demand for currency and appreciates it?
yes, but when inflation is high, or economic stability is not seen, then currency devalues, even if the interest rate is high. This is because the prices of goods keep increasing. So even if the interest rate is high, the prices of goods have become so expensive that it does not make a difference. E.g., if I offer to give you an interest rate of 18 on your 100 Rs, but the prices of goods have gone up from 100 to 120, then what difference would it make. Despite the increased interest rate, you still can afford same amount of goods, maybe less if the inflation keeps on increasing. This is what I understand. I maybe wrong.
@saadkhattak5465 Thanks. Your point makes sense which is a specific scenario. However, in the video he seems to be presenting it as a general economics101 rule that higher interest rate devalues currency which is not the case
4 หลายเดือนก่อน +2
Hi sayed Muzamil Hassan, please bring more business personalities on the platform
I really like this guest… the issue of demonizing business people is bad across the globe. People want jobs but not the people that create them. It’s so sad.
He represents the group that owner is front man of Nawaz Sharif and Family. This is our problem. When you listen these bastards you get a feeling they are most sincere to country but in practical they are corrupt to core.
@@rawalpindiupdates was he talking about his own company or the businesses that are crashing? His own company is one of the biggest in Pakistan. Among the top 5 if not #1. He was talking about helping the struggling business sector. But your political bias has made you blind, sadly. Parha likha jahil would be the right term for you.
That currency devaluation funda is so messed up - An emerging market currency is devalued when the interest rates in domestic currency is low not high, by the gentleman's own admission if the domestic interest rate is 4 times the USD rate then how can you make a case for devaluation? Are you trying to say that it should be higher than 4x?
I can’t understand why you guys are blaming IMF for your poor economic situation… when you spend unnecessarily on arms and ammunition rather than building infrastructure… this is what going to happen…
My comment is about 01.10.00 Such an impressive discussion, I listen the whole. You are speaking Truth. Would that Govt. Listen to you. And implement the simple, understandable solutions.
An excellent and rational discussion on key economic issues facing Pakistan. Now we need to continue this discussion covering other sectors/ sub-sectors, and making such discussions transparent and letting the authorities explain their positions.
Totally agree with his opinion on Interloop. Plus State needs to have some serious public affairs communication people who understand investments and economics
Pakistan is a hub of opportunities in any government or any type of worst financial situation, you have to be opportunistic and intelligent enough to get your share. That's why people who know how to earn money are getting richer and richer and the large masses are wasting their life and valuable time in criticizing governments blaming others for their failures
Couldnt have said it better. The people often dont understand that businessmen are there to make money. Its called capitalism for a reason. Collective conscience can move mountains, but if the conscience is so negative it can also destroy everything. The mindset needs to change. Good podcast!
He said: people shouldn't criticize businesses, and businesses can do whatever they want as far as the mutual interest of businesses and government officers meet.
Muzamil Hasan Salam to you, This or these comments are uttered/written not out of malice but to help us understand you a little better (selfish, perhaps) it is, what it is. We are not in a race of speed, slow down a little in your speech, your eagerness to convey the message to the audience is beyond belief. I know you want to tell people millions of things in such a short time. Think of us as well, Thanks Waslam.
This was a great podcast. Very insightful as always. Ignore the negative comments of youthians. They cannot heed an intellectual who doesn't represent the corrupt elite of Khan's sphere.
I never knew in the karsaz case that her husband was an IPP owner. It really made no difference. Bottom line is that there is no justice in Pakistan and yes people r gonna go towards vigilantism. The only way to counter that is to provide a proper justice system. Eak case hota hai uski hype create hoti hai. Everyone assumes k powerful logonko saza nhi milay gi. Wo powerful log and the people around them mock the general public and the law (like they have done so on this case, look at her friends social media posts). To obviously logon main negativity ayegi. Gvt. can ensure that justice is served. Warna abhi tk koi vigilante nhi aya but future main ajaye ga aur log usko cheer kren gay.
Consistent business policies for local businesses, exporters and taxation reform as well as education and judicial reform will back track economy and our country.
I think below podcast link can be really helpful in addition to this CEO podcast. th-cam.com/video/Zy9aIdvzRkY/w-d-xo.htmlsi=dWW43uu6_fYh_XLc Crux of this CEO podcast: Pakistan's whole system is outdated and inefficient, run by highly incompetent governance personnel that has led us to the verge of disaster. Be it international or local investor/businessmen, everyone is afraid from the unrest and absence of peace. That CEO is accepting that whoever is looting Pakistan is because of the incompetence of government and wherever there is a dent in economy is because of poor governance system. So, either it is any Pakistani industrialst or NMCs, all are able to milk Pakistan easily because of this. He is suggesting that long term stable policies are what is need from government to enforce and lead Pakistan out of it. However, this is not gonna happen from the current leadership of Pakistan. The solution need to be identified as Pakistani not as any political party supporter.
Aik conference honi chaiye jis me bary bary businessman or youth aye or debate ho ideas py solutions py plans py phr AIK direction set ki jay or government Sy demand ki jay k wo in logon ko sunein inhein support krein . JB un py Kam Kiya jay to pury potential sy Kiya jay sincerety k Sath Kiya is Sy jobs b ain GII logon k andr hopes b peda hon GII log automatically education py focus krein gy JB unhein koi career banta nzr b aye ga
I don't follow this channel, just stumbled upon this video n thoroughly both impressed and inspired by guest and host both. Good stuff! Sydney, Australia
great podcast. actually he right give a chance to everyone equally. remember in 12 fail movie, he can't speak in English but his skills and dedication lead him to the highest level
Pakistan basically needs a revolution now that Army must serve under the government not vice versa then only your country would be able to think of growing
Great point, when IMF is not allowing us to subsidize electricity - which is essentially going to help the economy, there making us take loans for developments in places that don’t have a ripple down effect and increase our competitiveness in industries we excel in agriculture and textile - therefore we can’t bring in enough foreign reserves - to make things cheaper when importing - and when this is clearly the policy - most of our exports are clearly going to service debts - our government has to print more to pay these exporters which increases circular inflation
*HISTORY WAS CREATED TODAY IN INDIAN STOCK MARKETS* FIIs pumped a staggering Rs 39610cr or $4.5billion in cash + derivatives. This is is a record single day buy till date. FIIs have open index long at 5.25 lacs contracts which is highest ever in Indian stock market history.
Muzammil well done, very eye opening, I wish if you had discussed some precise figure works especially related to IPP’s it would have been even better, problem is even if you had discussed solutions in more details who is watching it and people at helm of affairs have no capacity to understand it , their only interests is in few commercial plots and are not ready to do their actual task , anyways well done under the circumstances
Muazzamil, please try to cut short the questions you ask from guests, try not to make it over explained; listeners want more in answer than the question itself.
شہزاد سلیم صاحب اپ کی باتیں حقیقت پر مبنی ہیں اپ کی سوچ برے حالات میں بھی مثبت ہے ،پاکستان نے اپ کو عزت ،اونچا مقام دیا ، پیسہ بنانے کے مواقع دیے ، اج اپ کا پاکستان اپ سے معاشی ترقی کی تجاویز چاہتا ہے یہ اپ نے ارمی چیف ، وزیراعظم وزیر خزانہ اور وزیر منصوبہ بندی اور۔ نواز شریف اور صدر پاکستان کو۔ لکھ کر بھیجنی ہیں اور سن سے ملاقات بھی کرنی ہے ۔ اللہ تعالی اپ کو اس کا اجر دے گا ۔
Undoubedtly, the most biased podcast on TBT ever. On top of that, the sheer disregard of "Justice" just goes to show how all these elites think alike. The way he casually brought up the Karachi incident and blatantly defended the culprits, wow!
One more important point. A lot of the SRO and law books on Customs law are intentionally never printed. Tariq Najeeb Law Publishers have a monopoly sponsored by touts of Customs so you and I can not even hope of fighting with unfair evaluations.
He is absolutely correct. The IPPs mafia like Nishat Chunia power plant would destroy Pakistan's economy. It's a dangerous nexus between the Mian mansha's Nishat group and PDM Govt. The agreement of Nishat IPP, it's implementation should be audited by some reputable foreign auditor.
Also population... That's also needed a focus 3 countries all are in top 7 populous countries.. It creates lot of stress of law order education and System in General to deliver
44:51 Again strange logic. If interest rates are reduced pkr will devalue, inflation will increase. Turkey followed bizarre economics kept wrong conversion and the lira went into tail spin. 46:57 as per Islam there should be zero interest rate
IMF is not killing Pakistans economy, our economy was murdered by our Generals who never allowed consistency in civilian Govt and were always meddling with Govt affairs and secondly our politicians who are jokers and have no clue how to run and manage a country, given the chance I wont even hire Shahbaz Sharif or Maryam or Bilawal for the post of peon in my office and we have given them the biggest offices , and lastly borrowing unnecessarily without transparency be that CPEC or any other project, so lets not blame our incompetency on IMF.
Don't forget not proper education, mafia, elites and ex army generals sitting on top jobs not having any knowledge about the job
Sorry to say but blaming others has been the basic foundation of Pak. Actually, IMF never came to Pak requesting to take loans. Pak has been asking for the loan money from everybody without realizing that it has to be returned. Now Pak is not able to afford even the payment of interest on loans.
@@pradeepkumarmoghe4551 why you think people go to western countries and only 5%works if that the some work restaurants taxis butchers shops majority lives on social or welfare nothing to do but deal in drugs etc
Yes. Scarce resources are diverted to DEFENSE. Military has a vested interested to perpetuate tension with INDIA to get more budgetary allocation.
Simple one liner…. An economic state can not be a military state, a military state can’t be an economic state. When your most powerful institution is a buisness conglomerate tell me which idiot would come and compete in that economy with these worldly gods?
i doubt the CEO of Nishat can give an unbiased view of elite capture... since Nishat is the epitome elite capture
Indeed Epitome of elite culture, suffered it for three years in Nishat group #NDF. Whatever he's suggesting in here they do everything opposite in their practices.
in pakistan pak fauj is a sleeping partner in every business in pakistan mashaallah se.
He just did.. give a very unbiased opinion. U cant just hate because he extremely successful. Hes a businessman. Yahan tou moulvi bhi paisa kamaana chahta hai.. don't hate the player hate the game.
Understand the solutions presented, verify then accept or reject. I don’t know the gentleman so my feelings about solutions are unbiased and I think they make sense.
His views on IPPs were far from the facts ,maybe he himself is one of the beneficiaries!
Nishat Group is the biggest beneficiary of the current corrupt regime in Pakistan. I have a strong apprehension that Nishat Group is face and front of Sharif's business interest in Pakistan.
I was gonna write same kind of comment. This is issue in our country. Educated Elite Class is equally corrupt in Pakistan.
PTI k lagtay ho?
@@taribkhan5468..... Imran Khan to khud sab seh bada corrupt nikla hai
Negative thought
Imrandos ne IK ki shalwar se bhr nhe ana 😂
Whenever list of businesses is leaked who benefitted from corrupt practices. Nishat owners always tops it. Either its ipp's or banking sector. They always find their way on top of it. Best example of elite capture.
For me, this is a worthy listing podcast . For the person who is involved in business in Pakistan. Very impressive and informative 👏. Must listen it again . ❤❤❤❤
Great insight. This is the type of discussion that we need; it's not just one sectior or one entity who is messing up the country; it's we as a society as a whole that are mesed up and require drastic changes such as education, law and order, the justice system, government entities, people in power, replacing old with new, the defense sector, etc. All of them require a complete overhaul to shift the economy graph towards upwards to move forward in the right direction. We can't bring change with just the right fiscal policies, in short.
Thank you for bringing the guest; he seems to be a great person and has shared great insight.
Asking this dude about IPPPs is like asking a mafia boss about justifying crime
One major point I get from this talk is that we need some kind of dashboards or source of data that can be used to resolve the misinformation that is circulating in the public.
Yes, I agree with his opinion that things are in isolation or intent, which is to bring down businesses. I am suffering from doing my business.
He is correct. Nishat group is the embodiment of the elite capture.
Nishat is the beneficiary of Nawaz Sharif
in pakistan pak fauj is a sleeping in every business in pakistan mashaallah se.
He defended IPPs like he is the CEO of a company that owns IPPs ... Oops!
He is 😂
@abdullahdanish7908😂😂
@@malee006 He is employee of Mian Mansha. Feont Man of Sharifs. They own multiple IPPs.
@@rawalpindiupdatesunbelievable
Again listen to him
Check verify and comment
Discuss what he is saying
Try to understand what he is saying. I assure you it will help your mind set.
The guest is amazing. The way he explains everything is mind-boggling. You have also asked very important questions. Lokking forward to have more discussion.
It feels more like a defense of elite capture and less like an analysis of economic conditions. The guest correctly identified that English language is a door to success in this country and mentioned Aitchison and KGS as a major road block. But in the same breath, he applauded the geniuses in the bureaucracy who are the very pinnacle of elite capture.
That was an insightful session. The animosity towards those running large businesses prevents us from forming joint ventures with major international companies, which is why they are choosing to invest in countries like India and Vietnam instead. This mindset must change because these big businesses have the potential to significantly boost our GDP and create more jobs. The future of our country depends on successful individuals, like Shahzad Saleem, stepping up to take leadership roles in the government and establishing a 10-year strategy for progress.
The most significant part of this entire podcast is at 1.19.09. There are no friends or enemies in business. It's all down to the deal and whether it makes economic and strategic sense to do it . Your country unfortunately believes in Samundar se gehera and Himalay se ooncha and Muslim Umma . The world doesn't operate that way at all.
Our Army earns from both of these clients. China and Arab countries. So need to promote religious and nationalist slogans. Easiest way of making people fool is religion and nationalism. By the way same thing is going on in India. Modi is selling nationalism and religion and Indians are also buying.
Well all I can say is if the latest Hurun Rich List which came out this week indicates that in the last one year ( 12 Month Period ) the number of Dollar Billionaires ( Billion not Million ) has gone up 29 % in India from 259 to 334 ( Up 75 in one year ) then Modi ji must be doing something right with the economy.
@@rawalpindiupdatesmodi is selling? He is a politician and that is called electoral politics. He is not wrong in that. Beyond that he also gives some focus on governance, development, stability. 240 seats are not complaining.
don't forget 'shehad se meethi, pacific se gehri' mohabaten, 'ummat ka leader hah'....atmi taqat hah.wahid issalami mulk hah'.....ghaas jo khaye HAH..........HAH HAH
@@mylord3003 Good point.
How can a security state focus on education and healthcare. Defence spending trumps everything
Zia ul Haq killed Pakistan in one stroke
Great podcast!
Please invite these guests:
-Atif Mian
-lucky group’s CEO or founder
-interloop textile’s CEO or founder
-Anyone from the freelance sector
Really worth it if they invite interloop ceo
They diddd @@justindividual7496
Thought provoking discussion. Well spoken S. Saleem.
@TBTGO - 27:46
Thank you for voicing what so many of us go through.
One of the biggest beneficiary of capacity payments saga.
Keep getting billions despite no power generation.
Pak lived on US freebie dollars for help in Afghanistan for decades. Now all those money is stopped suddenly as US got out of Afghanistan. Now pak is begging IMF for running the country but unable to fulfill IMF conditions and so no more loans to pak.
Muzzammil Bhai....... please do a podcast with Mushahid Hussain Syed Sahb. It will be worth watching.
Shahzad rocks. All insights are significant. The critical was the culture of vilification that has seeped deep into our society. He’s absolutely right the process of finding next villain will destroy everything. The victim mentality on one hand and entitlement mentality on the other are deep into the psyche of hierarchical order of Pakistani Society and both are poison.
A knowledgeable man but thoroughly economical with truth.
Excellent. Muzammil Sahb, well done for inviting such an asset of the country
I work in Saudi Arabia and I am a chartered accountant. We have 500+ chartered accountants working at top companies in Saudi Arabia and Middle East at top levels and we are chartered accountants from Pakistan. We had our higher education from Pakistan.
You are doing better than Indians in Middle East, but in USA we are far ahead of you.
@amitjain11000 ghanta 😂 whole Middle East bureaucracy is captured by Indians 😂 500 log hote hi kitne hai bro
is your 'higher education' helping a flailing failing PKstan?
I believe in mixed economy and high powered state enterprises authority to look after the 1- growth 2- price determination 3- inspection and quality control.
I absolutely agree with him and appreciate you for producing a highly insightful podcast as always.
I am a freelancer, and I received a notice from the FBR for the 2017-2018 period. They classified all my remittances as income and applied a salary tax to them. My lawyer said they will agree on a percentage on total income otherwise they will not take it as remmitance and the case is now in the high court.
Interesting! Can you please explain further? Does this happen these days as well?
There is no tax on foreign salary, please explain, your remittance must mention that it is wages and then there is no taxes or max 1% tax only. I did remote job and knew it very well. Your case must be different it this statement is not correct.
If PAKISTAN is not happy with guidelines of IMF , do not approach IMF for assistance. “Beggars cannot be choosers “ STRONG RUPEE POLICY followed by PAKISTAN since inception led the country to economic perdition and destroying exports.
IMF 37:30 should be happy to devalue it’s currency. Pakistani politicians do not want to do that as imported stuff will be costlier
One of the best interviews I have listened in a while. I am grateful to Nishat CEO.
Maybe I am missing something but I don't understand why he keeps saying higher interest should devalue currency. I thought higher interest rates attract foreign investment due to better return which increases the demand for currency and appreciates it?
yes, but when inflation is high, or economic stability is not seen, then currency devalues, even if the interest rate is high. This is because the prices of goods keep increasing. So even if the interest rate is high, the prices of goods have become so expensive that it does not make a difference. E.g., if I offer to give you an interest rate of 18 on your 100 Rs, but the prices of goods have gone up from 100 to 120, then what difference would it make. Despite the increased interest rate, you still can afford same amount of goods, maybe less if the inflation keeps on increasing. This is what I understand. I maybe wrong.
@saadkhattak5465 Thanks. Your point makes sense which is a specific scenario. However, in the video he seems to be presenting it as a general economics101 rule that higher interest rate devalues currency which is not the case
Hi sayed Muzamil Hassan, please bring more business personalities on the platform
I love The Linen Company
Excellent products
Education is the key to this closed door …… I agree
Awesome guest
Outstanding interview, great understanding, wish people in power and agitators learn something from Shahzad’s views.
I really like this guest… the issue of demonizing business people is bad across the globe. People want jobs but not the people that create them. It’s so sad.
He represents the group that owner is front man of Nawaz Sharif and Family. This is our problem. When you listen these bastards you get a feeling they are most sincere to country but in practical they are corrupt to core.
@@rawalpindiupdates was he talking about his own company or the businesses that are crashing? His own company is one of the biggest in Pakistan. Among the top 5 if not #1. He was talking about helping the struggling business sector. But your political bias has made you blind, sadly. Parha likha jahil would be the right term for you.
24:36 couldnt agree more about this point. Jo english ko elite capture bnaya hua ha.
That currency devaluation funda is so messed up - An emerging market currency is devalued when the interest rates in domestic currency is low not high, by the gentleman's own admission if the domestic interest rate is 4 times the USD rate then how can you make a case for devaluation? Are you trying to say that it should be higher than 4x?
Your questions are well thought and precise. Enjoyed it.
I can’t understand why you guys are blaming IMF for your poor economic situation… when you spend unnecessarily on arms and ammunition rather than building infrastructure… this is what going to happen…
My comment is about
01.10.00
Such an impressive discussion, I listen the whole.
You are speaking Truth.
Would that Govt. Listen to you.
And implement the simple, understandable solutions.
Excellent podcast. Refreshing to hear the reality of things both by the CEO and the Host!
One example of how Educated middle class has become a partner in elite capture in private sector also.
This comment is to appreciate you Muzammil and your podcast, something not wasting megabytes on the internet
Very good Analysis on economic problems very realistic and truthful.
An excellent and rational discussion on key economic issues facing Pakistan. Now we need to continue this discussion covering other sectors/ sub-sectors, and making such discussions transparent and letting the authorities explain their positions.
A thoughtful review of Economic woes... Great job
Totally agree with his opinion on Interloop. Plus State needs to have some serious public affairs communication people who understand investments and economics
Spot on problems, I think if we work on these we can improve as a country
1. Lack of Justice
2. Education Improvement and Oppotunities for Education
An excellent and a very thought provoking interview.
Pakistan is a hub of opportunities in any government or any type of worst financial situation, you have to be opportunistic and intelligent enough to get your share. That's why people who know how to earn money are getting richer and richer and the large masses are wasting their life and valuable time in criticizing governments blaming others for their failures
41:01 Absolutely right aam admi ko long term benefit nahi dia jata balkay wakti taur per relief dekar baad ma zaleel kia jata hai
Very realistic suggestions and directions to correct modalities
Couldnt have said it better. The people often dont understand that businessmen are there to make money. Its called capitalism for a reason.
Collective conscience can move mountains, but if the conscience is so negative it can also destroy everything. The mindset needs to change.
Good podcast!
He said: people shouldn't criticize businesses, and businesses can do whatever they want as far as the mutual interest of businesses and government officers meet.
We need more persons Like Shahzad Saleem sb , who invest in industry instead of making housing societies... industry grow up Pakistan.
Muzamil Hasan Salam to you, This or these comments are uttered/written not out of malice but to help us understand you a little better (selfish, perhaps) it is, what it is. We are not in a race of speed, slow down a little in your speech, your eagerness to convey the message to the audience is beyond belief.
I know you want to tell people millions of things in such a short time. Think of us as well, Thanks
Waslam.
This was a great podcast. Very insightful as always. Ignore the negative comments of youthians. They cannot heed an intellectual who doesn't represent the corrupt elite of Khan's sphere.
I never knew in the karsaz case that her husband was an IPP owner.
It really made no difference. Bottom line is that there is no justice in Pakistan and yes people r gonna go towards vigilantism. The only way to counter that is to provide a proper justice system.
Eak case hota hai uski hype create hoti hai. Everyone assumes k powerful logonko saza nhi milay gi. Wo powerful log and the people around them mock the general public and the law (like they have done so on this case, look at her friends social media posts). To obviously logon main negativity ayegi.
Gvt. can ensure that justice is served. Warna abhi tk koi vigilante nhi aya but future main ajaye ga aur log usko cheer kren gay.
Consistent business policies for local businesses, exporters and taxation reform as well as education and judicial reform will back track economy and our country.
Very informative Podcast
Please keep it up
Pakistani indirect tax deta hai agar direct tax dene lage to indirect tax kam ho sakta hai , aur indirect tax gareebo ke liye torture hota hai
Atheist ho k is gandhu ki podcast son rhy 😑
Thats true 100%.
This is a tough time for the buiness in Pakistan.
We are working since 1987
Good discussion. Specially reg education system, elites of society, power corridors etc etc...
Marvelous conversation indeed.
Blame others is Economic policy of Pakistan
❤❤❤❤❤ love u muzammil,, brought a gem to us. He is straight forward
I think below podcast link can be really helpful in addition to this CEO podcast.
th-cam.com/video/Zy9aIdvzRkY/w-d-xo.htmlsi=dWW43uu6_fYh_XLc
Crux of this CEO podcast: Pakistan's whole system is outdated and inefficient, run by highly incompetent governance personnel that has led us to the verge of disaster. Be it international or local investor/businessmen, everyone is afraid from the unrest and absence of peace. That CEO is accepting that whoever is looting Pakistan is because of the incompetence of government and wherever there is a dent in economy is because of poor governance system. So, either it is any Pakistani industrialst or NMCs, all are able to milk Pakistan easily because of this. He is suggesting that long term stable policies are what is need from government to enforce and lead Pakistan out of it. However, this is not gonna happen from the current leadership of Pakistan. The solution need to be identified as Pakistani not as any political party supporter.
Aik conference honi chaiye jis me bary bary businessman or youth aye or debate ho ideas py solutions py plans py phr AIK direction set ki jay or government Sy demand ki jay k wo in logon ko sunein inhein support krein . JB un py Kam Kiya jay to pury potential sy Kiya jay sincerety k Sath Kiya is Sy jobs b ain GII logon k andr hopes b peda hon GII log automatically education py focus krein gy JB unhein koi career banta nzr b aye ga
His advisor the most corrupt Yousuf Adil and Company Chartered Accountant was culprit.
Excellent 🎉❤ job
I don't follow this channel, just stumbled upon this video n thoroughly both impressed and inspired by guest and host both. Good stuff!
Sydney, Australia
Good insight. Our problems are very complex. Major issues are FBR reformation, IPP'S and high interest rates Elite culture is to go. 😢
great podcast. actually he right give a chance to everyone equally. remember in 12 fail movie, he can't speak in English but his skills and dedication lead him to the highest level
Pakistan basically needs a revolution now that Army must serve under the government not vice versa then only your country would be able to think of growing
Decent discussion but the very moment he talked about PMLN and Nawaz Sharif, he lost a great chunk of his creditability.
Really good and quite truthful ...
Kindly invite more humble Pakistani businesses mans like this great man
Respected, 100% agreed. My simple question is ,Anyone interested to resolve the issues?. Shukria
It's not the IMF, Humaray Apnay He Haram Zaday Pakistan Ko Tabah Kr Rahay Hain...
Great interview. But he dodged a few questions very smoothly particularly on elite capture
The beneficiaries can't review sovereign IPP agreements
Great point, when IMF is not allowing us to subsidize electricity - which is essentially going to help the economy, there making us take loans for developments in places that don’t have a ripple down effect and increase our competitiveness in industries we excel in agriculture and textile - therefore we can’t bring in enough foreign reserves - to make things cheaper when importing - and when this is clearly the policy - most of our exports are clearly going to service debts - our government has to print more to pay these exporters which increases circular inflation
One of the best Podcast
*HISTORY WAS CREATED TODAY IN INDIAN STOCK MARKETS* FIIs pumped a staggering Rs 39610cr or $4.5billion in cash + derivatives. This is is a record single day buy till date. FIIs have open index long at 5.25 lacs contracts which is highest ever in Indian stock market history.
Incorrect title , Army involved in Money laundering and they are collapsing economy. They are share holder in all these matters
Muzammil well done, very eye opening, I wish if you had discussed some precise figure works especially related to IPP’s it would have been even better, problem is even if you had discussed solutions in more details who is watching it and people at helm of affairs have no capacity to understand it , their only interests is in few commercial plots and are not ready to do their actual task , anyways well done under the circumstances
What about CGT? Property Prices are going through the roof and nobody considers Capital Gains Tax??!!
Muazzamil, please try to cut short the questions you ask from guests, try not to make it over explained; listeners want more in answer than the question itself.
This is the only Podcast on this channel, which I immediately switched to watch something else
شہزاد سلیم صاحب اپ کی باتیں حقیقت پر مبنی ہیں اپ کی سوچ برے حالات میں بھی مثبت ہے ،پاکستان نے اپ کو عزت ،اونچا مقام دیا ، پیسہ بنانے کے مواقع دیے ، اج اپ کا پاکستان اپ سے معاشی ترقی کی تجاویز چاہتا ہے یہ اپ نے ارمی چیف ، وزیراعظم وزیر خزانہ اور وزیر منصوبہ بندی اور۔ نواز شریف اور صدر پاکستان کو۔ لکھ کر بھیجنی ہیں اور سن سے ملاقات بھی کرنی ہے ۔ اللہ تعالی اپ کو اس کا اجر دے گا ۔
Undoubedtly, the most biased podcast on TBT ever.
On top of that, the sheer disregard of "Justice" just goes to show how all these elites think alike. The way he casually brought up the Karachi incident and blatantly defended the culprits, wow!
The problem with power bills and IPPs in Pakistan is not mainly theft. It's devaluation of dollar.
Great podcast. I watched the whole, ON MERIT.
One more important point. A lot of the SRO and law books on Customs law are intentionally never printed. Tariq Najeeb Law Publishers have a monopoly sponsored by touts of Customs so you and I can not even hope of fighting with unfair evaluations.
He is absolutely correct. The IPPs mafia like Nishat Chunia power plant would destroy Pakistan's economy. It's a dangerous nexus between the Mian mansha's Nishat group and PDM Govt.
The agreement of Nishat IPP, it's implementation should be audited by some reputable foreign auditor.
Respect from Canada 🇨🇦
Also population... That's also needed a focus 3 countries all are in top 7 populous countries.. It creates lot of stress of law order education and System in General to deliver
Looking like a decent CEO
and good human being ❤
44:51 Again strange logic. If interest rates are reduced pkr will devalue, inflation will increase. Turkey followed bizarre economics kept wrong conversion and the lira went into tail spin. 46:57 as per Islam there should be zero interest rate