Yes I'm studying economics and he's actually very accurate !
@sparrowhawk97412 жыл бұрын
@Hamza Shabbir kashif Saeed bhi acha ha yaar
@farhanch16062 жыл бұрын
Now thats a podcast, an hour in and I still wants more. The kind of knowledge and rationality Varela has is just awesome. We need more people like him in this country. You can trace out a huge amount of pakistans problem just from the simple things he mentioned. Hopefully we can get more from him.
@reez17282 жыл бұрын
This is exactly why Pakistan needs a robust immigration programme. Despite being such a populous country I feel we've stagnated in terms of our thinking and our abilities to innovate. There's a reason why every western country despite being right learning always have an immigration programme of some sorts.
@kgfkgf23192 жыл бұрын
Love u for ur love to pakistan
@zaf77942 жыл бұрын
But these genius people are labelled as foreign agents and undercover agents in Pakistan and are not trusted by the "institutions" and "show runners" and we can see the results of this security centric hysterical policy depicted in the current situation and stature of the country
@muzamil4712 жыл бұрын
I've been watching TBT podcasts for months but this episode was the one where I was compelled to subscribe to the channel and it was an amazing informative episode.
@nomanalirajput2 жыл бұрын
Wallah I was skeptic and thought I won't learn anything new in this podcast but this guy was remarkable to listen to in few areas. Particularly when he talked about Pakistani exporters being small and global buyer being big and having power over them.
@axadify2 жыл бұрын
One of the best podcasts on the economics of Pakistan
@Wild.Waleed2 жыл бұрын
Ur podcasts are particularly informative as well as mindful
@talhashoaib87082 жыл бұрын
Thank you so much for doing justice with your show by not just inviting celebs and trendsetters but also people like Gonzalo Varelo Would love to see more podcasts on social and economic issues. Keep up the good work👍🏻
@HanifArif2 жыл бұрын
Supporting Pakistan to be a Knowledge Society
@sohaibarslan88572 жыл бұрын
While talking about exchange rates he meant the PMLN govt kept the dollar at an appreciated rate but couldn't say it cz that would be political which is against his job description.I hope this depreciation of rupee results in such a fast growth in our exports that we are soon able to bring the exchange rate down by natural means and the inflation decreases🙏🏻
@WasimKhan-kk6qu2 жыл бұрын
Seems like you learned nothing from the podcast and heard only what you wanted to hear.
@musicfeelsfmlines472 жыл бұрын
The exports should be of higher value and imports should be of lower value. Artificial growth decreases the exports value. The export should be higher exchange rate and there should be foreign direct investment that can reduce the trade deficit.
@maazmustafa23222 жыл бұрын
His explanation is really, really good. I'm not a student of Economics or Business but still understood everything very well. Thank you Muzamil for this informative podcast.
@aliqureshi1492 жыл бұрын
Amazing video. Its so surprise to see this kind of brilliant videos from Pakistani youtubers 👏👏👏
@RazV62 жыл бұрын
Great podcast. An economics lecture is always welcome! Thanks for sharing
@muhammadusamasalaar59222 жыл бұрын
This was certainly a very very insightful podcast. Loved it honestly. Please invite him again and if possible, we want to give you a few questions to ask him in next podcast.
@ALJVD2 жыл бұрын
enjoyed this one
@PakistanNewsToday782 жыл бұрын
Brother You are going great. Thanks for making this Knowledge available to us. TbT is great. ❤️
@boomontory382 жыл бұрын
Every line precise and to the point. Ended too soon.
@maliksultan63302 жыл бұрын
Fridous ashiq awan ki press conference ki jaga ye episode chalao national TV pe 😒
@maazmustafa23222 жыл бұрын
Sahi bola bhai
@Donthaveanyname2 жыл бұрын
Very interesting topic really love it
@badarabdulhannan71702 жыл бұрын
Amazing podcast, I didn't have the exports and economic knowledge as much before as seen from this one. Thank you so much for this podcast
@rimsha24632 жыл бұрын
As always fabulous podcast waiting for your podcast regarding mdcat and nle
@SherAfgan102 жыл бұрын
What’s Faboild ? Sorry to have to say this but Mdcat and NLE are conducted by PMC which in my eyes doesnt have that much of a reputation so no representative can be seen on podcasts in the near future … maybe some where down the line They can only call on people/students who are gonna take the test sooner or later and we sort of have an idea how that podcast is gonna go :D
@ibraheembutt5312 жыл бұрын
Very insightful. Thankyou!
@minakhan2 жыл бұрын
These podcasts are so addictive 🔥🔥
@eurolaw10062 жыл бұрын
Great 👌
@vishalkumarsingh24992 жыл бұрын
I learned so much about import tariff and it's impact on export. Very insightful podcast.
@adeelnaseervoice85412 жыл бұрын
Bro you are doing great job. your podcasts are really amazing informative and really helpful for young generation. I am a big fan of your work and it's my hobby to watch your podcasts. Today is my off and i spent my whole day to watch your podcasts and still not tired😊👌👏
@TaimoorTahir2 жыл бұрын
Great Podcast👍
@greatgatsby69532 жыл бұрын
Very insightful -keep up the good work!
@rajaysikander7172 жыл бұрын
Now how the fuck did muzamil manage to get freakin Gonzalo Varela in his podcast 😂 Fookin incredible
@iscoII22 жыл бұрын
A goldmine for Economics students.
@adnankhan8802 жыл бұрын
Such an amazing episode. We have other options and broader aspect to see than usual one.
@MuzikAficionado2 жыл бұрын
A paper based currency not backed by tangible goods such as gold, but linked to dollars rate is a sham economy. There should be a single global currency which is linked with precious metals to have a lesser volatile and more stable economy. China is doing the same and benefitting in short and long term. In the current scenario, the imports need be balanced but not decreased, quality manufacturing and exports need to be increased, and the local salaries must be adjusted against inflation by default to have a balanced economy, but all that is possible when manufacturers and exporters pay their taxes and do not launder money abroad.
@zaf77942 жыл бұрын
How the other nations have been able to succeed with the same paper currency and dollar? We have to stop making up excuses and trying to find a Scape goat.
@MuzikAficionado2 жыл бұрын
@@zaf7794 they are all suffering and falling into recession including the US. We need to take some lessons from the current economies of the world, such as china, who is saving capital in gold, not dollars.
@iltafkhalid51462 жыл бұрын
Very nicely explained some economy concepts by Mr Varela, loved the vlog.
@salehajaved2 жыл бұрын
Why am I getting this huge knowledge for free????Going to be your patreon...
@rimsha24632 жыл бұрын
Kha ap mdcat or NLE sy related baat Kary gy wo podcast Kab upload ho GA.. Anxiously waiting for that podcast
@talhaansar81592 жыл бұрын
Loved this podcast.
@True_Muslim_Momin2 жыл бұрын
Note to the editor / camera person: Please make sure the face of both persons appear in the same place in frame. And also both faces should be of same size. In this video podcast, Guest's face is in center and Muzammil's face is towards right side of the frame. When the camera cuts towards Muzammil, it's not a good experience for the viewer. Just my 2 cents. 🙂
@shayankhalid7132 жыл бұрын
Bump
@rocce-minerali-marbles3 ай бұрын
I thought about many of the economic problems that you mentioned before I moved from the UK to Pakistan to set-up my export-only business. I'm very appreciative of your confirmations regarding the export/import policies and especially the shortcomings of the public sector in facilitating imports of machinery etc. Furthermore, I would like to add that it is common for skilled and un-skilled labour to move abroad to places like the Middle East but its not appealing for Overseas Pakistanis to move to Pakistan with their hard-earned money and successfully invest it here. There is absolutely no support by the government in facilitating anything for Overseas investors like me. The whole system is riddled with flaws and corruption. Its easier to just pray to Allah and conduct all your research and struggles yourself. I have noticed that everyone demands imported goods here like i-phones but do not understand its impact on the trade deficit. In my locality, the producers servicing the local industry think I'm crazy! Much change is actually needed in educating the Business community in Pakistan and some political reforms are desperately needed. In my opinion the biggest change needed is 'A shift in Attitudes towards International Trade' I really enjoyed your podcast. Please help Pakistan as best you can Sir! Thanks 4th generation British Pakistani
@0605H555972 жыл бұрын
If you can have guests recommend their favorite books . I think a lot of your subscribers will appreciate it .
@mythbusterUSA2 жыл бұрын
37:14 So producers aren't interested in increasing efficiency. They don't innovate to decrease cost and compete against other international players as they have no reason to do so
@hamzashabbir35892 жыл бұрын
I think they'll get a reason to innovate when import tariffs are low for consumer goods so they can have competition but then we'd have an import bill to pay in dollars. We'll have to figure out a balance point for these things to work.
@mythbusterUSA2 жыл бұрын
@@hamzashabbir3589 protectionists policies don't work in long run. Eventually local entrepreneurs have to be innovative. REER at 100 already helping more domestic production. P&G investment in Pakistan for production of consumer goods for Pakistani market is one example. Under Dar, REER at 120 destroyed local production capacity.
@mythbusterUSA2 жыл бұрын
Example of protectionists policies is our agriculture sector equipment manufacturing. Another example is our fertilizer industry. Seths are earning billion on subsidized gas. Car industry is also part of protected industry. But I think they need some protection because we never had any reasonable auto policy. Now they are competing with each other and producing more quality products.
@alipaf20022 жыл бұрын
I am an economist in UK, I did a presentation on the Trade deficit of Pakistan in early 2018, I showed the reasons of deficit and told them PKR will do a nosedive, people did not like it. They asked me, "do you think we are stupid?".
@zaf77942 жыл бұрын
Who was your audience in that presentation and did you delivered that in Pakistan?
@economicstutor93132 жыл бұрын
The simple reason could be lack of education, this is evident in Pakistan where highly educated people working under our unaware politicians who would straight away refuse anything logical to maintain status quo.
@fzlurrehman2 жыл бұрын
I don’t know who are these people who can dislike this kind of video
@farhatkhalid11302 жыл бұрын
Very appreciable and informative podcast ✨✨ best wishes ✌️✌️
@muawiyahmemon46632 жыл бұрын
Brilliant informative podcast.
@rafiquesuleman74062 жыл бұрын
Thanks for this very informative generic discussion. It highlights very well, the important variables that impact the volume of exports. An exporter needs, for the products that one deals in, focused and specific guidance and analytical IT tools for increasing exporters’ turnover and profitability. Dynamic market intelligence, financial models for calculating export prices, etc. can be of help for the exporters. For the export of software, there is an independent board. Similar models can be there for selected other products. For the promotion of the current export products, TDAP is working. Metrics for its effectiveness should be in place for continuous evaluation and a system for candy and stick. TDAP research for the identification of potential new export products and new destinations is also required. For industries that produce export items, an increase in export volume enhances their capacity utilization, and thus reduces their cost of production, and competitiveness in the export market. TDAP can target guide the industries that utilize lowly their capacity to operate in export markets.
@ridapirzada17212 жыл бұрын
Bro is ne to mujhe Alevel economics ka topic smjha diya❤️😂😂
@UnveilingRealityOfficial2 жыл бұрын
zabardast video janaab!!
@rohaanahmed64362 жыл бұрын
Best economist in Pakistan rightnow
@sohailahmad14512 жыл бұрын
Appreciated learning orientated session ❣️❣️
@kashifmakhdoom27192 жыл бұрын
Great work 👌 very informative podcast , knowledge .we need this type of content on Maine stream Media unfortunately It's not available there, They are still on a traditionally path and just spreading negativity with higher budget 😌 But hope like this TBT team and other people being part of making bright future of Pakistan God bless them 💚
@AmanUllah-hd4tk2 жыл бұрын
Brilliant Podcast ❤️❤️❤️
@adilusman2 жыл бұрын
Great podcast - definitely sharing it with my econ students 👍🏻
@muaazbinsaeed57782 жыл бұрын
I think this podcast is more informative than all the TV anchor's Shows. 👍 Great work
@muhammadmufid55622 жыл бұрын
woww, hello im from indonesia 🇮🇩
@AverageGamerGuy9772 жыл бұрын
THE BEST PODCAST ALOT OF KNOWLEDGE ABSORBED THANKS!! alot TBT
@AnasAli-vd8bo2 жыл бұрын
Muzammil bhai you are bringing the most insightful content for the youth of Pakistan.....Keep it up....👍
@EmiratesTowing2 жыл бұрын
Aslamoalikum Brother Great Job Learn Every Day Thanks a lot ❤️
@ahsannissar47652 жыл бұрын
this is a treat to watch and listen to. Muzammil bring on more intellectuals like him on your podcast and discuss our national issues. Who knows somehow our economist might somehow get some idea of how to lift this country up and so that people will start to trust the markets instead of the words of stupid politicians.
@sohaibarslan88572 жыл бұрын
"Interesting question"
@nomanalirajput2 жыл бұрын
Why Pakistan hasn't been able to export part is worth every second. Like I never thought like that.
@footballfanatics492 жыл бұрын
Great Podcast, Thanks Muzamil bhai and please invite someone who has knowledge and information regarding NFT'S
@abdullahhumayun51612 жыл бұрын
Brilliant podcast...keep up the good work 👍
@shahriyarahmad47702 жыл бұрын
Finally economy
@abdullahimran6702 жыл бұрын
Awesome video
@SHERJEELification2 жыл бұрын
Best economics explaination on the case of Pakistan Please call him again muzzammil bhai
@F-Khan4912 жыл бұрын
BUT, as the depreciated currency negatively affects imports, wouldn't it affect exporters also to import raw materials for their exports? It is kind of a double edged sword ! How can exports be cheaper if they import expensive raw material for their exports?
@WasimKhan-kk6qu2 жыл бұрын
It depends. Its a tight rope you have to walk. There is no black and white policy and what people like Imran khan did was make this tight rope into a sword. You have be on either side.
@niznizam2 жыл бұрын
Depriciated currency makes imports expansive, which means higher inflation but at the same time results into fastest growth. But thats not possible for any democracy as people will start crying and you will be out in next election. Thats why I dont know any country except Vietnam and China (neither of them are democracy) who depreciated their currency. just FYI - Pakistan, contrary to popular belief, hasnt depriciated its currency. Its now based on market which means neither overvalues nor under. Earlier it was overvalued which not only destroy exports and local industry, but also not sustainable for more than 3-4 years.
@alikhowaja73732 жыл бұрын
Better listening to this podcast than to take economics class
@mohammadaliaslam29512 жыл бұрын
Really how come, could you explain further?
@newsupdate67732 жыл бұрын
Really good insider information podcast here about how trade is done in terms of economics
@shahriyarahmad47702 жыл бұрын
Sir our biggest import is oil and i dont understand why our gov is not using ethanol blended fuel to save their foreign reserves keeping in mind that brazil and america is using it and we also once went toward this technology but then backed up for some fishy reasons
@mythbusterUSA2 жыл бұрын
Ethanol blend price competitiveness vary with crude oil price variations. Right now oil is $85, so ethanol is competitive. US and Brazil case is very different. Brazil has a advantage. They can produce ethanol from sugar at very low price. In US case, US corn production per acre is far better than Pakistan. Pakistan can and should blend ethanol 1. Govt must encourage ethanol blend by eliminating all taxes on ethanol 2. Govt should work on increasing per acre corn output which is increasing anyway, but little bit of serious investment in seed technology will change things
@sohaibarslan88572 жыл бұрын
@@mythbusterUSA comprehensive 👏🏼👏🏼
@shahriyarahmad47702 жыл бұрын
Excelent bro but i have read that pakistan produces ethanol that is enough for its domestic consumption which is exported at a very cheep rate so i think for the time being that should be used to at least achieve E10 which is acceptable by all manufacturers
@mythbusterUSA2 жыл бұрын
@@shahriyarahmad4770 yes Pakistan produce ethanol which is by product of sugar industry. Govt should enforce % blend mandatory like India did 7.2% mix mandatory.
@muhammadhamza82592 жыл бұрын
Summary of Podcast. *Import Duties Reduce Export* Higher Import Tax, lower competition for local producer. Even, exporter can sell their goods in domestic market above the international market price (IM price + import tax) , because foreign producer can't compete him at international price in domestic market So, producers will shift their goods to local consumers only resulting decrease in export. *Depreciating exchange rate increases export.* Foreign direct investment is shifted to export producing firms. Similarly, exporters are encouraged as their revenues (In PKR) increases, but costs don't increase by the same proportion. So overall, their profits increases which incentivize them to enhance exports. On the other hand, imports reduce because local consumers have to pay higher price (in PKR) *Why Pakistan's exports fall swiftly when exchange rates appreciates, but increase sluggishly when dollar becomes more expensive.* 1. Exporters lack market intelligence to sell differentiated goods. They don't know much about their target audience and how to approach them. 2. Their market share is very low in international market. (Avg Pakistani export firm sells 1.4 Million USD, while that for Bangladesh is 3.8 Million USD). They have less bargaining power. When exchange rates fall, a proportion of their profit is earned by their foreign buyers. 3. Pakistani firms lack capital and investment to update their Technology for producing higher quantity of goods to export. (because FDI is focused more on consumption portion of GDP due to import tarrifs) *3 ways to enhance exports in Pakistan 1. Modify Your production technology. Make less Carbon footprint to avoid environmental taxes (soon to be charged) in the developed countries. Advertise and Certify Exports for greater reach in international market. 2. Enhance High intelligence services export. It includes software designing, Architecture and other high paying skills to export in international markets 3. International Free Trade Agreements. By Gonzalo Varela - A senior Economist leading Trade Program in Pakistan.
@zzzz39582 жыл бұрын
He is presenting official view of world bank.....we need a neutral economist to tell how to build capicity i.e SEZ,STZ etc
@rohaanmuzaffar31872 жыл бұрын
Bring your therapist friend again! i think his name was ali, he was such an intellectual and amazing views on certain things
@mrmachiavelli83802 жыл бұрын
The content creaters should create their own tv channel.
@KashifIsrar2 жыл бұрын
Plz invite raza pirbhai CEO KFC Pakistan
@aliamir42422 жыл бұрын
Do a podcast with Hassan raheem
@junaidhaider43952 жыл бұрын
pakistan is the worst performer in LPI (logistic performance indicator).LPI performance matters alot for healthy imports.pakistan need to develop its backward linkages with the global production networks.basically import to export.for example korea and singapore have 70 to 80% foreign content in their exports because of dynamic or healthy imports.to be a good exporter you need to be a good importer first.trade is becoming more about trade in tasks rather trade in goods.pakistan has a great potential to increase its service exports due to the presence of higher supply of educated labor force
@abdulbasit47912 жыл бұрын
here
@ayeshashahid19122 жыл бұрын
Please invite some contemporary pakistani writer and talk about writing as a profession in pakistan.
@kashifmehmood12852 жыл бұрын
Muzamil, my sincere advice to you please don't be youthiya and don't buy whatever Imran has sold to the nation. You have huge potential so don't waste your self proving this government right. Yes you could have your opinion but when using public platforms either title your self youthiya or stay neutral.
@thinkspot88792 жыл бұрын
What exactly he said that made you draw that conclusion? Nawaz Sharif was an idiot and that's a fact.
@thinkspot88792 жыл бұрын
I think you don't have the capacity to comprehend the assessment this gentleman from World Bank made of Pakistan's economy. He clearly said keeping exchange rate fixed was absolutely foolish.
@kashifmehmood12852 жыл бұрын
@@thinkspot8879 fixing dollar rate has both pros and cons but it depends on kind of economic model counties have. Do you know since when Pakistan managing/fixing the dollar rate ? And why you named only Nawaz and why Muzamil questions were focused on last 10 years ? Why selective assessments?
@musicfeelsfmlines472 жыл бұрын
By doing so the exports value will decrease and import value will increase.
@zaf77942 жыл бұрын
@@kashifmehmood1285 do you think 10 years is a less time to fix the policies and set the economy in the right direction to progress?
@darapsteradox2 жыл бұрын
The answer: impossible
@digitalhamayun96162 жыл бұрын
$ UP Affect: Exporters :) Importers :(
@DS-ll6zyelle2 жыл бұрын
How to increase your exports ? Simply by offering what foreign customers want…. But Pakistanis are really shortsighted.
@arabic19762 жыл бұрын
Hello frends
@khushveersingh32972 жыл бұрын
Pakistan should mend it's way ... only India can save Pakistan from collapsing under its own weight ... Without good relation with India pakistan would eventually become bankrupt ... Country would disintegrate ... Taliban and TLP kind of elements would become powrrful with decline of economy of pakistan as State would not able to provide welfare to the citizens and pakistani would have disenchanment with the idea of pakistan ... Sooner it is , better it would be to mend pakistani foreign policy which is impacting its domestic and economic problems ...
@stangerdanger72522 жыл бұрын
Why Indians who have no clue about anything, just write random stuff? Like internet is so cheap in India, that every kumar bumar is online now.
@khushveersingh32972 жыл бұрын
@@stangerdanger7252 Wadera Mullah military Nexus is not only corrupting Pakistan but also dangerous for Indian sub continent stability...
@khushveersingh32972 жыл бұрын
@@stangerdanger7252 Yes Internet is cheap Here in India ... 2 gb mobile data per day for 7 rs a day for 84 days 600 rs pack and Optical fiber Wifi Unlimited with 3 to 5 mb per second speed for 700 rs a month .... optical fiber wifi 250 gb per month with 3 to 5 mb per second speed for 500 rs a month ... Every Khan marassi qureshi sayeed pasmanda muslim and non muslims having internet access here !!
@stangerdanger72522 жыл бұрын
@@khushveersingh3297 RAM Mandir politics is the reason, why Indians are most hungry and unhappy people. What happened during Hathras case of dalit. No example is seen like that but of-course India.
@stangerdanger72522 жыл бұрын
@@khushveersingh3297 You are also quite low quality. Normally I won't talk to someone who is from Slums of India in real life, or slums in general, But here we are connected with such groups all of a sudden. Like poverty and illiteracy got online.