Pakistan's Economic Crisis: The Role of the IMF, Challenges and Possible Solutions | Umair Javed

کم ذرائع آمدن اور محدود وسائل کے ساتھ زندگی بسر کرتے ہوئے عوام کو جب روپے کی قدر گرنے اور پٹرول کی قیمتوں میں ہوشربا اضافے کے ساتھ یہ خبر ملتی ہے کہ پاکستان کا معاشی بحران ابھی مزید سنگین ہونا ہے تو مستقبل اندھیرے میں گھرتا دکھائی دینے لگتا ہے۔ دوسری طرف ٹی وی سکرین پر ماہرین معاشیات ثقیل الفاظ، مشکل اصطلاحات اور کتابی باتوں سے اس صورتحال کا تجزیہ کرتے ملتے ہیں، یہ اور بات کہ عام شہری ان پیچیدہ باتوں کو سمجھنے سے قاصر رہتا ہے۔ ”بات سے بات“ کے اس سیشن میں گزشتہ تیس برسوں سے انڈسٹری سے وابستہ عمیر جاوید پاکستان کے معاشی بحران، آئی ایم ایف کے کردار اور معاشی استحکام کے لئے ممکنہ حل کے حوالے سے عام الفاظ میں تجزیہ پیش کریں گے۔

[@user-kr8en9du1j]

Tremendous respect from India to Javed Sahib telling precisely how to run a country economically

[@ravikantsolanki5707]

Diagnosis of the disease is the first & foremost requirement of the treatment. Going on right direction. Best wishes from an Indian!

[@AIIMS.Vishal]

From India, We really like this type of intellectual people and the discussion. 🇮🇳

[@harishpatel1988]

I run a small scale (40 employees) industry in Ahmedabad India, can't remember last time we had a government department visited our unit. Electricity is available 24*7, not need to observe a holiday. We never have to visit our bank, everything is possible online. India has problems, but there is ease of doing business.

[@AmitSinghrana1008]

Tremendous Respect To Umair Javed Sahab From India 🇮🇳🇵🇰 Aapne Dil Jeet Liya Javed Sahab 🙌

[@user-xh4uk1rh3b]

Kal yeh Banda uth jaayega

[@FirstLast-fj1yp]

moody bhi to yeh hi kar raha hai.

[@user-xh4uk1rh3b]

@@FirstLast-fj1yp bhag hindu muzhab ke dushman aur hinduo k qaatil hindustani pakistani so called musalman 🤣😂

[@tigerking2742]

@@FirstLast-fj1yp Modi kya kar raha??? Tera mtlb kya hai? Pakistani economy and Indian economy ka compare kar raha kya tum???

[@an_orange8911]

@@tigerking2742 congress ki sari mehnat ka credit Butcher of Gujrat ko day rhy ho? "Tell me you are an andh bakht without telling me you are an andh bakht!"

[@lalitmohansingh3544]

I am from India, and very sad to see empty seats in the room. Where a good topic discussed on daily basis.

[@puspha00]

Its Pakistan. Only Quran and Arab popat required

[@IndiaTides]

That is why Pakistan is failed state.

[@indian20231]

@@puspha00 also 72 hoors

[@puspha00]

@@indian20231 🤣

[@FirstLast-fj1yp]

just like ur quint and wire.

[@sachoubey]

I am from India. Great discussion 👍 it really helped me to understand about economics basics of country. Thanks Black Hole and Umair sir!

[@AlphaSierra380]

Umair Javed has summarized the issue very well

[@FirstLast-fj1yp]

[@aqeelqureshi4964]

No, he didn't added the wars against Russians and USA which hurted the economy very badly.

[@lopachaudhuri2570]

*This Forum should reach to all Citizens. 50% of Pakistani Can't understand the truth.. One important thing is ur Armys. Pls Remove them from Politics, they should not interfere with Leaders. Their duty ll b only on border. I Appreciate ur advice and educated the people*

[@abhilashkanungo4674]

I appreciate this initiative....as an indian i would say more and more people specially youngsters to attend this initiative and explore the real problem and its solution and clarify the wrong information that has been merged into every people about other countries.

[@TheUndergroundRockstar]

Bold and blunt, to the point and on the dot - something that The Black Hole is known for.

[@freedomfighter695]

Best KZbin channel pakistan 🇵🇰 have..

[@harshad2d]

I am an Indian...I am agree with Mr Umair....I am surprised Pakistan has such an intellectual person like him....Great Discussion....

[@sureshrupa1970]

Kudos! Balanced and sensible discussion. Black Hole is the brightest spot in Pakistan. Wish all of you well.

[@studywithbalochsir8825]

Great Pervez Hoodbhoy sb. We Pakistani youth are indebted to you for enlightening us on different socio-economic problems of Pakistan.

[@sanju-fv5yc]

Absolutely nice intellectual conversation.. Love from india.. We dont wanna rise alone we wanna rise together with our neighbours.. Peace.. No bombs, No terrorism

[@nnbg8000]

Sanju ji, tell that to Pakfauj...never won a war against India & never lost an election....There will be no peace in the region till pakfauj goes back to the barracks & its funding gets stopped/cut.

[@sanju-fv5yc]

@@nnbg8000 i also want the same

[@user-kr8en9du1j]

Army duty is at the borders and in barracks not at PM house or President house or directly or indirectly govern the country

[@sandindia]

What a amazing presentation, every word with its weight in gold. Greetings from India🇮🇳🇮🇳 🇮🇳

[@ryanabhishekkumar6616]

One of the best and apt speeches . The takeaway is to decrease Pak army budget by 80% to ensure that money is spent at right places not DHA plots

[@MrShek1987]

Wow ! Wonderful talk show... Being an Indian I can only wish to see more progressive visionaries like you in my neighborhood... ! All the best Pakistan ... Jai Hind

[@FirstLast-fj1yp]

moody ka chamcha..

[@puspha00]

Thank you jinnah saving India by separating kachara from India as Pakistan/ Bangladesh. Indeed grateful to jinnah for taking our most of green snakes from India in 1947

[@manteshsharma9351]

Bangladesh? They're published for their good governance by World Bank. On Pakistan I might agree but Don't be delusional on Bangladesh. They're doing really well for themselves..

[@kanaka7552]

It was Sardar Vallabhai Patel’s vision. He knew how much of a trouble makers they can be. Good riddance!

[@user-kr8en9du1j]

What but about Pakistan in India always go opposite of government stand

[@sa7375]

❤ For the attention of the Management of Black Hole. Please consider hosting an audio version of your programs as an audio-podcast, so more people can benefit from such intellectually stimulating monologues and dialogues. Quite often, it's easier to load it as an audio-podcast and catch up through listening, rather than viewing. And lest I forget to mention, kudos to Mr Umair Javed, for sharing his bold and unbiased views publicly. Thank you. 🙏

[@sunilamarwaha3053]

Very surprising that software of these people are still not upgraded by Idara.

[@adm7038]

The best possibility I see for Pakistan: 1. Return POJK to India. This will ensure your Eastern front is immediately settled. 2. Default on high rate Chinese loans, you cannot default on any other loans without major repercussions. 3. Sell your nuclear weapons to United States. They will ensure IMF treats you leniently. 4. Follow IMF requirements, you will have funds freed from all above steps. 5. Provide your citizens better living. 6. Focus on holding your Western borders. You are going to need almost all your strength there for the next 5 years.

[@shoutforit]

Your comment is oozing with hatred for Pakistan.

[@ismailamjad7288]

This your comments shows huge hate for pakistan thatswhy your comment does not matter for us also gilgit baltistan and azad jammy are from pakistsn since 1948 and here is no army no massacre no international interruption and in your iok muslims massacre pandits massacre un forces you to give liberty to kashmir and more importantly your army opressesd kasmir your cohntry is big with little heart we pakistan never need help of india even we need to sacrifice our lives inshaallah

[@umersajjad9811]

Why not nuclear mutually assured destruction

[@RahulMishra-ld2bo]

@@ismailamjad7288 This is the problem you guys are totally brainwashed by your army. These are the information you got from your propaganda ispr. Get out of this bubble and see the real world. Read real history. Your army is the main culprit. Their existence is due to India enemity. Feeling very pity on people like you. Hope one day your will come out of this bubble and see the real world.

[@adm7038]

@@ismailamjad7288 The hate you sense is from within you brother. Indians typically consider most Pakistanis, especially J&K as their own who were duped into creating an unsustainable state. There is a lot of propaganda floating around but Indian Jammu, Kashmir and Ladakh are very different from what you have in mind. You will realize this when you are starving and are about to be overrun by the Taliban. Call us then. God be with you.

[@navinbhatia9936]

Basics of Pakistan Economy --reasons of collapse - External Debt -$ 132 billion -Annual Budget-$ 34 billion of which 52% ($18 billion) goes towards Debt servicing & 33% ($11 billion) goes towards defense. Money for Development of Pakistan $ 05 billion -Budget Deficit-40% , Inflation 35% and foreign reserves $3 billion Technically Pakistan had defaulted

[@shiveshraj4976]

Great forum for discussion, India also need this type of forum to discuss pros and cons of Indian society ❤. Society need not learn anything by believing we are the best.

[@mithsindia5150]

Oh man ,you are so assertive 🙏🙏. My respect . Actually issues mentioned are generally the feature of developing economies.

[@divyasethi8499]

I love this show "Black Hole". Guest speakers are gems of knowledge. Umair Javed sahib you are one of the gems.

[@nishanths3374]

Same here, Divya. Its informative and interesting. Btw, I'm an Indian and I follow Geo Politics day in and day out.

[@FirstLast-fj1yp]

no paxtaani here. hindoos are giving money to us.

[@loveearthly]

The early 80’s Bharat (where Pakistan appears to be today) getting a government job used to be ‘aspirational’. By late 80’s the brain drain story took over, by early 90’s a series of Infosys/Reliance Petroleum style Industrial & Tech IPOs, mid 2000’s JustDial style platform led IPOs, 2010’s by marketplaces, and now the startup boom. Now a government job is still valued, but far from aspirational.

[@arya.bharat]

Ye reality, secularism, equality, humanity, knowledge or wisdom ki chingaari jo Black hole se lag rehi hai pure pakistan mei failegi....🙄

[@vishvajitkumar9497]

nice joke. youtube channel me sara indian he dekta hai

[@SRsudhanshuranjan]

Pakistan mai bas baarud mai chingaari lagti h or pure pakistan mai failti h

[@taufeeqahmed5168]

Economic Crises in Pakistan Simplified, thanks for your help,

[@rviboy12345]

Very comprehensive and encapsulates all the economic woes this country is grappling with, thank you so much for sharing this, so much food for thought..the situation in my country is very dire and depressive with multitude of crisis

[@giridharm5598]

Make this guy prime minister of Pakistan, give him full Power

[@vikasbhargava5653]

What an excellent discussion for Pakistanis to learn so much. Unfortunately not many in attendance. Hopefully they'll see and learn from KZbin.

[@manteshsharma9351]

If 80% of audience on KZbin is from India on such rationale based Pakistani discussions it means your focus should first on creating a society that is willing to consume such content. It's being created for Pakistanis and nobody is watching the show.

[@kanaka7552]

They are obviously watching but sharam ke maare bechare kuch meh nahi parahe.

[@rossgolla876]

1st reason, One of the main fundamental reason why Pakistan going back ward -Most of the people of Pakistan don't know that The colonial system of jaghirdar / jamindar was abolished during land reforms in former East Bengal / East Pakistan now (Bangladesh) in 1950,India in 1951 but still it is totally absence in Pakistan.Still Pakistan protecting the colonial system of jaghirdar and General's and estabilishmentse. When 1% ( jaghirdar and Punjabi Ruling Elite and Army Establishment ) of pakistan controls 99 % Pakistan then Nothing will be OK.That 1% was a gift of colonial British mindset.People of East Bengal realised that colonial mindset from 1st day but still people of Pakistan living in Denial mindset of colonialism.2ND Reason why Pakistan going back ward that is majority people of Pakistan are not serious about their country. 3rd reason is that people of Pakistan are sleeping last 75 years but don't want to wake up and those people of East Bengal did wake up and fight for equal rights & justice from first day to 1971 they're now one of the fastest growing nation in the world. 4th reason is that ( estabilishment of pakistan and the ruling Elite of Pakistan and Mollah & Military ) systematically created a nation as aimless - visionless - leaderless - brainless -careless - hopeless. Religion don't need any boundary like Pakistan. Another fundamental reason pakistan and the people of pakistan systemetically destroy own identical roots , language ,traditional values and haritage of ethnecity and divercity. It's a multi organ failure of Pakistan.It's too late to make changes in course correction after 75 years in Pakistan. Nothing will be OK in overnight but it takes to long to go but it's impossible for Pakistan because people of Pakistan love to take imported language, culture, luxurious items and policy. It's not a welfare state but it's a martial race nation and its not a country for the people but it's a country for jaghirdar and General's.It's self-destructive nation and It's a garrison state with colonial setup.It's neither a Islamic nor a democratic country. If the Grass look greener on the other side of the world. Stop comparing, Stop complaining and Start watering the grass you are standing on.*

[@aminaabdulla5854]

Pakistan should merge with Afghanistan so that they can establish a sahi islami country.

[@kanaka7552]

But they don’t want these trouble makers.😅

[@indigenous_clips]

🤣🤣

[@somnathde8680]

Keep it up. This forum should be set up in all main cities of Pakistan. Excellent efforts.

[@vibha9783]

Look at the attendance though.

[@Ashish-pk2zx]

This kind of focused, noise free discussion is commendable. An effort in the right direction..

[@ghumakkarsc9445]

Very nice educational forum. I must say.

[@arunrathod9224]

I am from India.. Hats off to the input sir

[@mahimayadav379]

Empty seats pakistani society ki mently situation ko baya kar rahi hai But good initiative from India🇮🇳🇮🇳

[@user-fp4nd3mx2m]

Indeed

[@sitarampradhan8488]

Nice and knowledgeable economic discussion. All Pakistani should promote this channel to fellow Pakistanis. Knowledge is precious share it you will be respected in your friends circle.

[@saeeddeen7304]

Umair Javaid sahib, kindly please in another session teach our youth , How to become an exporter. Thanks in advance.

[@stutisingh4369]

Such a wonderful discussion

[@rajangrover67]

An highly intellectual discussion.. very informed audiance as well .

[@samanzafar6657]

Very blessed to be a part of this discussion ... And Allhamdulillah very happy there some persons in our country who helped us to understand all these thing's

[@sunilamarwaha3053]

How much percent?0.00001

[@somnathde8680]

In Bangladesh , mazhab doesn't control women.They have freed themselves. So, women are earning more also.

[@bhanumungali6000]

Dr Hoodbhoy, I get so disheartened when I see empty seats. TBH in India would need stadium size auditorium. I deeply admire your resilience. You could easily be a tenured professor in any Ivy League University - making at least half a million dollars a year. You chose otherwise. Sir Pranam from Canada

[@abcxyz8136]

He studied in USA and could have stayed there which would have been preferable for him and PK. Dr Ishtiaq Ahmed ia another one although he has stayed in Sweden but did not stop him becoming a bitter old man with a misplaced grievance against Pakistan and Pakistanis. I could never understand if one hates a country so much whys stay there when you have the option to live elsewhere.

[@bhanumungali6000]

@@abcxyz8136 sir, Ma’am can I assume that you have read all the books by Hoodbhoy and Dr Ishtiaq. Read some books- if you missed them.

[@66166616]

Good on ya sir 🙏🏼

[@ArvindBhave]

Fantastic high class discussion 👍

[@ramanv.r3422]

Did I hear " Fauji fertiliser ". Army runs fertiliser factories?

[@tirthankarbhowmick1083]

Ya..🤣🤣🤣😝

[@avishekbhattacharjee812]

@@tirthankarbhowmick1083 they even make cerelac and diapers too

[@kishwarsakina5173]

Not only this, they have their own universities, schools & colleges, hospitals, interventions in agriculture, health, education, road infrastructure, housing schemes and so on..

[@kishwarsakina5173]

@@avishekbhattacharjee812 bhai ap zakhmo pa nmak na chirko

[@rebasingh258]

What he says is 100% correct. Yet only a few people are listening to him. However the Govt and Army will not lustrn to him.

[@hamzaabbas5954]

Zaberdest

[@saurabhjaimyal4842]

Spot on 🙏

[@abhisheksahukarahi1238]

Pakistani needs to accept it that India is a emerging super Power and pakistan should have made good relation with India

[@66166616]

@@usmanfarooq5479 ur friend China has let u out to dry in the open when u needed her the most. At this point of time u need basic reliefs on food. China ain't helping. There are containers stuck that can't be released cause ur LCs are of no use. I can keep on going but the best option now open the border drop that ego and start the trade on basics. It was almost done for cotton and onion till Imran Khan wanted to play the spoil sport.

[@bamlani]

This guy would make a brilliant Pakistani leader. Very sensible person. Shame only 8k viewers

[@indigenous_clips]

And most of these viewers almost 90 percent are Indian..😑

[@madhurichauhan2787]

Sad to see empty seats... Comment section also lacking Pakistanis... They can use this format for gaining knowledge! I wish there could be more people for such discussions instead of other gossip news

[@alanwalker1207]

Sir Umair Javed should launch a KZbin channel. His thoughts are really constructive and motivational.

[@imdadali8920]

Excellent analysis.

[@dewaans]

Amazing speaker. As an Indian - it is in our favour that Pakistan develops and prospers with the Army being subservient to the government rather than the reverse.

[@GangulyGanguly-uu4et]

Excellent discussion

[@riteshkumarsoni5796]

Wonderful discussion

[@adnanraza6670]

Great session....

[@firstlanetechnologies2913]

At 12:30 he says there are two ways of bringing in dollar - exports and remittances. Actually, the third way is through foreign investments and projects.

[@sahilrajput5746]

For them Third way seems to be impossible, seeing their political instability , poor infrastructure, poor economy policies, terro rism atmosphere , On the other hand india may cross 100 billion mark of FDI, whereas Paxtan got 2 billion dollars FDI ,

[@hritik25m19]

Tourism

[@freedomfighter695]

That ghareeb point is very well raised hat's off to you....

[@nayabasif1593]

Everyone should talk about these issues espeacially about accountiblity in their drawing rooms and gatherings rather than fighting for political parties..... Great leacture.....

[@riteshkumarsoni5796]

I do not find such forum in India. What a stimulating discussion. Parvej hoodbhoy is gem of person.

[@5sunilmehta5]

Well delivered

[@rNT-lf2hf]

Bilkul sahi discussion...

[@nadeemmalik8645]

Hats off to you sir.

[@tejindersingh312]

Very good speed 👌 👏 👍

[@masoodmuhammad9362]

good

[@MC-qr1js]

Mashallah very strong and nice message for Pakistani Nation.

[@sunilamarwaha3053]

Pak can't progress until Ahmudulla and Mashaallah is practiced in Pak.

[@navinpatel2233]

Hats off

[@dilbagsingh6406]

Very good lecture given by this Great great gentleman

[@irfansayed414]

This talk was without doubt a very engaging one. And one prime reason was that the fundamental reasons that plague our economy were explained in a simplistic manner, with much of the substance rooted in the personal experiences of the educator as an industrialist. In a sense, this also fitted well with the ambience of a small and modest congregation. A variety of economic and industrial issues, as they relate to economic growth, were identified. Loosely-structured road maps were also proposed. But Mr. Umair Javed could have only gone that far because the classical uncertainty in Pakistan’s policy-making environment can defeat the brightest of minds. However, some of the definitive actions that he emphasized merit attention. These include: import substitution; petrol rationing; trade with India; cut in defence expenditure; discarding tariff protections; targeted training of workforce; subsidy on commodities; de-incentivizing investments in real estate; and payment facilitation for software export. But, as always, the million-dollar question eludes an answer: “What operating and governance mechanisms will be needed to ensure their implementation?” Individual initiatives can only be sustainable if sufficient monetary (or credit) incentives and legal coverage are extended by governments in a facile manner. Even if this forthcoming, it would be just the initial thrust. It will merely provide the building blocks. Developing the policy frameworks and trade agreements for facilitating internal and external business transactions will be the job of the government. I don’t say this in a disparaging tone. There is always hope. As they say, “the journey of a thousand miles begins with the first step.” So, let us begin! Once again, thanks for the opportunity!

[@dineshshetty875]

All Indians 🇮🇳🇮🇳🇮🇳 commenting here no Pakistani... Why?????

[@kishwarsakina5173]

We just listen and agree with what they say

[@vivekkapoor668]

Excellent self introspection!

[@alyyraza6089]

Great Analysis ♥️

[@nalinikoutha2091]

Fantastic speech and down to the point with solutions instead of all other famous economists. hard hitting speech and the audience seems to be depressed about the situation . I suggest that why cant pakistan look at India 1991 reforms and replicate. But unfortunately I do not see any changes in the government of pakistan to think in those lines. I have been watching pakistan bloggers and media for past few years and I have not seen any changes in government regulations that can help in reforms.

[@adityamehra4956]

I beg to differ, the economic reforms India brought about in ‘91 were mainly due to India being a closed economy and the govt’s involvement in industries and business, the changes we got in were mainly to open up the economy and to promote private businesses.. the problems faced by pakistan are very very different at the moment and would need a very very different treatment..

[@nalinikoutha2091]

@@adityamehra4956 ok. Anyway it is their problem and let them solve it themselves.

[@ashokanandachakraborty8907]

Appreciate the works of The Black Hole.This presentation was very balanced and well articulated.Hope Pakistan tide over the present situation soon through appropriate policy measures and peoples'active support.

[@MC-qr1js]

اس بھائی کی ایک ایک بات سنہری حروف سے لکھنے اور عمل کرنے سے ہی پاکستان کی بقا ہے ورنہ کوئی آپ کا والی وارث نہیں ہوگا ،

[@munirdin9533]

GREAT. VERY INFORMATIVE VLOG. THANX

[@yt_bharat]

Appreciate ur views, regards from India

[@rupesharma]

Great talk. Hope these discussions take country into different direction. Hopefully. Good luck from India.

[@Mohan12-3]

These are the things which makes Pakistanis eyes open. May Pakistan people overcome this situation and in politics anti-india na kare from 🇮🇳

[@Walking_With_Nature]

This is real introspection for current situation of 🇵🇰. Very sad situation for innocence Pakistanis. As a Indian I am following 🇵🇰 since many years & realised many years ago that only such situation can only lead to real introspection. Need more & more of such people.

[@naseemsoherwardy2534]

Well explain by this gentleman

[@Milkyway899]

This platform can be the source to save Pakistan and I am not exaggerating. Bring people from different school of thoughts and let them present their ideas and may be the best lead us out of this mess.

[@sanjaygahlot]

excellent discussion, more power to Dr Parvez hoodbhoy and greetings from new delhi India. ‘Just do it ‘ sir India has done it so can pakistan

[@nationfirst-majrakeshsharm4915]

Dear Pervez Sir- Please Enable this and similar talks to reach Lacs of people in Pak if not Croroes. I understand that it's not easy but this initiative of yours has the potential to save and change Pak

[@adilmehsud2483]

Extraordinary intellectual and enlightened man

[@abhisheksahukarahi1238]

True and bitter truth of pakistan

[@andybandy11]

Bravo! I wish u all success!

[@tariqmehmood4746]

Excellent discussion and the well-explained core issue of the economic crisis in Pakistan. I agree with the Umair that IMF is just asking questions and demanding transparency and wanted to know how we can repay their loans. Our political elite does not want to give up their luxuries and introduce more taxes to the people of Pakistan.

[@sunilamarwaha3053]

How one can spare time for solution for problem when he indulge himself in religion 24/7

[@NomanTipo]

The biggest point of this conversation is why people say something or demand to change this system. I think we public only can change these problems no one else can change this.

[@suniljoglekar954]

Very frank analysis 👌👌

[@avtarwasson4875]

Simply explained the issues and solutions! Only Pakistani do not protest.

[@nadim606]

100% True

[@miannadeemanjum]

ماشاءالله ماشاءالله ماشاءالله ماشاءالله Umair Javed Bhai

[@saajanmeena]

Very nice initiative