The most important podcast on Pakistan's Political Economy - Dr. Kaiser Bengali -

[@ZAIN9858]

Mann ki murad puri ho gai Dr. Kaiser Bengali ko dekh aur sun kar. He's profound in his view of economics.

[@preethamkumar125]

Even not being an economic expert, you were very good in your questions and interacting with such a great mind. Make him your PM for 3 decades. Very good policies. Thank you both for this discussion.

[@preethamkumar125]

@@ThePakistanExperience still listening..👍

[@akhaqan]

TPE is bringing solid content, discussing what really matters. The lack of views & subscribers only goes to prove what all quality content makers have been saying all along, our awaam is not interested in knowing the issues, let alone solving those. They are only here for the good time, the masala. When those are your priorities no wonder you have a totally screwed system, not only economy. Brain drain is rampant because those with the brains and resources have seen where this trajectory will lead and are taking appropriate measures. I was looking at a video of Ganji Swag and he too was bashing his head against a wall at this attitude of the public. In the nutshell, you do your part, its all such efforts which may gather a critical mass for change. Kaiser Bengali spent his entire life seeing only deterioration, it would be sad if TPE's generation also sees the same.

[@pod-Qasim]

An absolute treat to hear Dr. Kaiser Bengali ! This man knows the numbers and is therefore very accurate with his statements 👏

[@azizkhan938]

One of the most educated Podcasts conducted by Shehzad. It has cleared my misconceptions especially of Nationalization done In Bhutto’s era. First time I heard that Nationalization saved Pakistan.

[@cryptojack4u]

Shehzad you are providing a great service for our youth to align our political and economic minds with the current era and stopping them from following any cult

[@arslanshahid6357]

@@ThePakistanExperience sir stanford university ki published ky bary main 1 video bnaye please ...what is reality ?

[@basmahriaz4349]

Thank you so much for this podcast! And thank you for ending on a slightly positive note. Until and unless we significantly cut the army's budget, specially the huge fringe benefits given to the ex-service men, and significantly raise taxes on the elites and landlords, there's no way out of our economic crises. We also urgently need land reforms.

[@mimranurrehmanshah1271]

Elite is the parasite who is eating Pakistan dice 76 yrs

[@maqsoodkhan2151]

As always, one on the finest discussion with with you r guest. As student of political economics, we always learn something new from people like Dr. Sahib. He carries in depth knowledge of Pakistan Economics, but on some issue I, as a student of Economics for last 35 years, have different opinion from Dr. Sahib. Such as the three devastating steps that ruined the Pakistani economy were: 1- Nationalization 2-Afghan War 3- Freezing US currency Accounts Nationalization by Bhutto shacked the confident of the investor that still has impact on Pakistan economy. Foreign & local investors think hundred times before investing in Pakistan and try to keep their liquid assets out side of the country because they are skeptical that their quick assets may be frozen if not nationalized. Further, when Bhutto did nationalization, these state owned units were being managed by Urdu & Punjabi speaking bureaucrats. Urdu speaking bureaucrats were forced fully retired and remaining got natural retirement in next 5-7 years. In the private sector, competitiveness was the key and was predominantly occupied by Urdu speaker who were subsequently kicked out by Bhutto. These people were replaced with Sindhi speaking people for PPP's political advantage. As long as old people were there, these units showed excellent performance but in late 1970s results started showing. Nationalization was an structural adjustment in Pakistani economy that caused effect after 5-7 years. As Pervaiz musharaf's policy of installing CNG stations showed its effect after 10 years. In his era every body was praising him for his wisdom of using natural gas as substitute of imported energy source. I met with Secretary Petroleum in Islamabad at that time. During the discussion he got upset when I asked him Sir, why are you burning national resources in these vehicle? Then he told me bounties of such as a great decision. Another big mistake that Bhutto did and PPP government has been doing which I think is an injustice with Sindhis is that they did not build quality educational and vocational institutes in rural Sindh. I was shocked when I saw a video clip that the students of IBA Sukker were not able to tell what IBA stands for. PPP is still not trying to enhance educational and technical capacity of Sindhis and they rather place them in Government positions.

[@CaptainAwesomeness]

Not a fan of a nationalized economy. It may have made sense back then due to Pakistan's situation post-1971, but I hope implication wasn't to justify its reintroduction for the current economic climate. True, massive corruption within the "idaras" is the root cause of this and many of Pakistan's problems. However, this issue has been quite well known - talked about openly and behind closed doors - yet there's been no movement forward to pull the reins off of the elite and handed over to the people. Without a real democracy, a real system of justice, real educational system, a fairer distribution of government resources that favors the people over defense and a policy to encourage innovation (and by extension promoting a favorable import/export differential), I sadly don't see any improvement for the everyday Pakistani in the foreseeable future.

[@GG-ur4km]

110% agree

[@MB-xn2xq]

What is the root of this massive corruption?

[@CaptainAwesomeness]

@@MB-xn2xq the same thing that is the square root of it. 🙂

[@MB-xn2xq]

@@CaptainAwesomeness you’ll get answers to questions you ask🤷🏽‍♀️ Most countries in the world have elite representatives in the parliament. What is so unique about Pakistan that elites have not been able to hand power / ppl have not been able to take power even after 75 yrs?

[@CaptainAwesomeness]

@Mo'mina Makin show me where nationalization has worked. Venezuela is a great example of what happens when you nationalize an economy. Pakistan is the next best example of what happened as a result of nationalization of the economy. It may have worked for the short-term, but it killed innovation and market efficiencies, for which Pakistan is suffering to this day. The private sector of Pakistan is a joke in comparison to the private sectors of its developing nation contemporaries. And when I was talking about fair distribution, I was not talking about fair distribution of wealth that a lot of left-leaning people push for. I was talking about fair distribution of the budgetary resources that every government has. That my friend is controlled by those in real power. And as you may be aware, the lion's share of the budget goes towards the military instead of the people. Until the country invests in its people the way many other progressing nations have, there is no way out for Pakistan from its debt-laden hole.

[@khaldunia]

The most important and practically useful program I have watched for a long time. He is amazing.

[@yumnaali8559]

I have been defending nationalisation for so long and I'm glad an economist as experienced as Sir Kaiser is of the same opinion.

[@norozkhan2203]

It's always good to listen to Dr Kaiser's discussion. So realistic and to the point. Thank you for giving us this opportunity to learn from him

[@safiakadir7695]

This lecture is an expose followed by concrete recommendations to get Pakistan out of the current mess. That is the real worth of this discussion.

[@waleedbintariq9421]

A standing ovation for your kind efforts...very well done Shehzad sb

[@syedmuhammadraza51]

One of the most amazing economic talk, I've ever had. Absolutely fabulous. More power to you man. ❤️

[@danyalrasheed1]

Mr Bengali’s talk creates jolts of clarity! Brilliant!

[@danyalrasheed1]

Thank you Shehzad for creating real pertinent content.

[@swajidraza]

TPE is so fucking underrated. I don't understand why you don't have a million subscribers. Pakistan may bus ducky bhai type trash hi bikta hay. I listen to all your contemporaries (local content) but no one has such smart questions, context and flow that you bring to an interview. Remind of me NPR's Fresh Air. Thank you so much for your hard work. You're on your way to becoming Jon Stewart of Pakistan.

[@fredikoli5314]

Jon Stewart of Pakistan??? Lolz 😅 😆 Jon Stewart isn't a feudal apologist

[@johnfaith9486]

It is because 90 percent of Pakistani even today believes in the concept of gazwa hind .They live and dream in other world.

[@arunsar7893]

Quality can't be appreciated by a large percentage of any population.

[@oneall2785]

Outstanding Interview... Outclass observation by Kaiser Saheb..

[@abhaypatel4292]

Tbh it was surprise to me how pakistan has a revenue of $32 billion while Uttar Pradesh with almost same population and gdp less than pakistan by $40 billion has revenue of $56 billion... pakistan taxation system as much i understood don't tax the elite

[@J7pat7]

Has digital economy and payments made it easier for India to collect taxes ?

[@rakadus]

Please share sources of data. Will be education for one and all.

[@idbhandari9952]

EXCELLENT REVELATIONS YET I THINK CORRUPTION, EXPLOSION OF POPULATION, RUSSIAN OCCUPATION OF AFGHANISTAN CONFLICT WITH INDIA, POLITICAL INSTABILITY ARE SOME OF THE REASONS FOR PAKISTAN'S ECONOMIC PROBLEMS.

[@RSyHabib]

Always very interesting to listen to such individuals. Thanks for bringing them to your forum...

[@asimaziz3112]

Energy runs industry while we are not generating cheap energy . I don't know economics but i can understand this simple fact that the energy production is key to economical growth . We need dams and hydel power plants.

[@avinashgore6258]

Sometimes, even seasoned economists become outdated. “ It is not states business to be in business” is universal truth accepted by entire world. Smaller, focused on people business governments who stay out of every other business and encourages private entrepreneurs add huge value to societies. There is even a Nobel prize awarded for this theory. Adam smith proposed this in 1723!!

[@PakHatf]

THANKS ALOT PAKISTAN EXPERIENCE FOR BRINGING DR. KAISER BENGALI. ITS ALWYAS PLEASURE LISTENING TO HIM . . . VERY INSIGHTFUL. MAY ALLAH GIVE HIM MORE n MORE OPPORTUNITIES TO SERVE PAKISTAN.

[@ravindra7791]

Good podcast. Point about manufacturing in 70s is fine but he didn't mention structural changes in the to global economy. If Pakistan has a FTA with China , how can you outcompete it. At the very least, instead of white elephant CPEC projects you should have got them to move part of their manufacturing...

[@GG-ur4km]

Waiting for it as much as I cancelled my interview. Not literally Actually I have shifted my interview for tomorrow as I love bangali shaab. 😜 Love from India

[@GG-ur4km]

@@ThePakistanExperience when you thinking of a podcast of indian and Pakistani together on some topics? Would be great Idea.

[@GG-ur4km]

@@ThePakistanExperience yes you did it was stupidity but there was nothing to learn each other on any topic. It was stupid, some bunch of kids talking stupidity. hardly knowing anything about India as I am from India. Choses topic and stick to it would be great idea.

[@Hastalavistas]

People who really matters and can reshape economy are speaking their hearts out at vlogs, while Asim Munir genius is shaping the economy through baton.

[@rummanfaruqi2661]

I am an economist snd listen to Bengali when I get a chance. His economic policy proposals sound sensible but are simplistic. No time for populism we have to bite the bullet. Some exp reduction, but need to double our tax to GDP ratio from 8 to 16 pc. KP is a big tax evader, fbr should get after the khans Speed up privatization of loss making state entities like pia and steel mill we can't keep them in govt sector. Very high opportunity cost. Devaluation. It's effect on inflation would be less than what Bengali thinks. Why. Because the practice in economics is to combine exp switching (devaluation) with exp reducing policies. You can work out the maths. Finally, get rid of all non target subsidies and ensure that changes in international prices of oil and gas are passed on to consumers. Good economic policies need to go hand in hand with devolution at local level. This could be a start.

[@getevennow]

Nationalisation ended the prospect of becoming a tiger economy. The military governments preferred war toys over investment in human capital that is key driver of growth and element of national power.

[@abhaypatel4292]

The real reason was who was there to oppose him and even today..who can question military and his decision.. even if Imran khan is wrong if he comes with a massive public mandate atleast army would be on backfoot for few years

[@AbdulHannan-uv6ym]

@@abhaypatel4292 army establishment would not allow this to happen. No one gives away the power. Furthermore, IK is not the leader who can change Pakistan. His whole narrative is establishment should not be neutral they should interfere.

[@fredikoli5314]

@@AbdulHannan-uv6ym is indian ,u.k,u.s,Iranian , Russian establishment neutral??? Lol 😂 be serious

[@AbdulHannan-uv6ym]

@@fredikoli5314 wrong us wrong no matter its Russian, Americans, English or who ever is doing it. Why dont you compare yourself with Japan, Kore, Taiwan, Germany, Netherlands, Sweden, Norway, Denmark, Iceland, Finland etc.

[@fredikoli5314]

@@AbdulHannan-uv6ym dude lol 😂🤣🤣 every country in the world has a establishment, and no countries establishment is neutral what sort of 13 year old college thinking are you living in lol yeh a level politics waley bachoon ki baatein hai lol real world requires a real establishment. Google how powerful all those European countries actually run , they still have kings and queens 😂

[@sharjeeljawaid]

"Guzarta hai her shaks chehra chupaye, Koi rah mey aina rakh giya hai."

[@YAJNAMAN]

What a sincere advice coming from heart. Thanks to the team.

[@hamzawyne]

Please call Kaiser Bengali again. His analysis of recent economic narratives and problems will be fruitful.

[@ThePakistanExperience]

Sure

[@ClassicDonkey]

On one hand people like you advocate state intervention in public sector enterprises but we have one glaring example of PIA, the institution which was basically underperforming consistently due to over staffing by the government involvement. How can we justify that?

[@qqq2001pk]

First to give funding to local industry to produce construction material and phase out slowly imports of materials and products by putting import duty more

[@usamaqasim9715]

Thanks a lot Shahzaad Bhai. Been waiting for Dr Qaiser for a really long time.

[@abhaypatel4292]

Hi bhaiya! Can you call harsh madhusudan he's an economist with a right wing view..tbh i don't find any of his more podcast..it would be interesting to see what he thinks about region as a whole

[@YousufAhmad0]

This was epic. Thank you so much!

[@hussainhalai7031]

I was wondering ke when will you call Kaiser sb for the podcast. Thank you for bringing him.

[@Hassan_Rajput_PAS]

52:44 in the initial 30 years manufacturing was happening in Pakistan, but the industries were closed industries, which were producing quality products

[@HOG1070]

I am surprised to hear that, if there would have been democracy in 79, Parliament would have done something....i mean come on we all saw what IK did with the constitution, how all dictators twisted and threw it under the bus.

[@ahmedhasssn.01]

Wow he’s a living Legend and Intellectual.

[@quddusquddus136]

The wise man's lament. State is missing. Worse. Allah is missing. Forget the prophet. He especially has nothing to offer to the non-Arab converts. Outstanding show. Mr. Bengali ought to be guarded by NAVY seals of America at state expense.

[@induchopra3014]

Elite enjoy in Pakistan . Generals are billionnaires. Unthinkable anywhere. Politicians are very rich. Like kings

[@radhey-chaar-vaak]

It's been 2 years I'm waiting for this channel to reach 100k subscriber mark. There's some significant improvement in numbers in last 2 weeks i believe. TPE❤

[@ThePakistanExperience]

Slowly but surely ❤❤❤

[@arsalanhassankhan]

All Problems Goes To one Point That Is the Political System And Economic System Of The Country

[@nusratzahra5828]

This was hugely informative. Thank you! It was very hard to hear Dr. Bengali throughout though.

[@Hassan_Rajput_PAS]

Real challenge is not nepotism or cronyism, but the real challenges is the philosophy that state should not intervene

[@mohsinafzaal7159]

Nationalization of private industry is the worst thing! It was nationalization that discouraged the investors to invest in the country so they started to take their investments out of the country…….

[@arunsar7893]

1:10:59 The same problems exit in India. The farm bills were aimed at solving that.

[@MrAehtsham]

Very good. I think you need to get him on again. And discuss each policy on implementation level. So that there is framework available.

[@munawarahmadmajoka3736]

Thanks Qaiser sahib. You have enlightened a common person like me 👍👍👍

[@Hassan_Rajput_PAS]

in 1992 state owned enterprises were privatized. The justification was that they received subsidy from the government and also were not profit making but when state owned enterprises were sold off, they were sold or the companies were sold that were profit making, and after sometimes suggest six month or one year these factories went down are closed and housing societies were erected there, example is Zeal Pak Cement Factory Hyderabad Sindh. = deindustrialization. also cronyism happened. the philosophy was neo liberalism and Musharraf aggressively pursued this

[@Shrimpspiration]

Pakistan Govt should not own any assets. Sell all assets back to the people of Pakistan. Creat policy so that no foreign investor can buy those shares, and no individual Pakistani can buy more than 5% total stake. I appreciate the interview, I disagree with all the leftist suggestions, and did not understand how the respected guests has nothing to say against PPP. I fully agree and appreciate people like him in the BISP program, and all suggestions for reforms. Thank you for such a great interview.

[@khushveersingh3297]

1.Farm income tax karni pede gi. people who own more than 5 acre should be progressively taxed. 2. yearly Wealth tax on people who own home more than 5 marla or plots more than 10 marla. 3. Privative disfunctional public sector units which r not of strategic importance. 4. Non development expenditure of govt and army should be reduced. 5. Import mafia should be controlled. 6. female participation of work force should be increased. 7. Education should be prioritized not only for kids but also for unskilled workers. 8. Energy and food security must be prioritized. 9. immediate need of peace in. pakistan and neighbors. 10. Rather than loan ask for direct foreign investment from friendly countries. 11. Single window clearance for businesses and no tolerance from corruption. 12. Radicalization should be controlled.

[@akhaqan]

Excellent episode. Didn't have the heart to listen till the end, seriously, stopped midway. The butchering of the economy by vested interests is appalling. Nations loose course but always come back, when will we do that? We had a great chance when IK appointed Mian Atif but suddenly sacked him in the face of extremists, this is not how you govern a nation. What about KB dam? also lost to paid politicians.

[@Mastqalandar827]

Solid podcast as usual and I’m a big fan of Dr. Bengali. I do find him a bit lenient on PPP though. For example, Zardari’s govt 13-18 also benefitted a bunch of friends and family (Sharjeel Memon, Zulfiqar Mirza (a friend at that time), Tappi Z, Faryal) but he conveniently didn’t mention that. If criticizing military dictators and N for doing the same on anecdotal evidence is fair game then he should extend the same treatment to PPP too

[@SA-2367]

Great podcast, you engaged really well with questions probably everyone of us wanted to ask, Dr sab was amazing in details and addressing

[@ThePakistanExperience]

🙌

[@mohammedqazi1189]

بہترین شکریہ آپ دونوں کا

[@Hassan-Cher]

His 3 solutions are awesome

[@MaradonaVsPele]

This is one bold podcast channel

[@ThePakistanExperience]

🙌

[@Hassan_Rajput_PAS]

What is common among Temasek (which also controls majority shares in Singapore Airlines and SingTel), China National Offshore Oil Corporation (CNOOC), Haier, Emirates airlines, Dubai Ports, and Petronas (Malaysia), apart from the fact that they are all highly successful global companies? The answer: all of them are either wholly owned by the state or have significant state ownership.

[@asimaziz3112]

You are doing great work through this podcast .Keep doing good job young man . Appriciated 👍🏼

[@u4ious]

Sir all due respect , basing your analysis on window dressed data of the state would have given a distorted picture of Bhuttos nationalisation

[@hellovishwanath]

As a Chartered Accountant, very respectfully, many of the suggestions are outdated and not appropriate for Pakistan's current situation as an emergency situation prevails

[@cherishgp]

It is not correct that high walls of import duties allowed Indian industry to flourish. Be it pharmaceuticals, vaccines, Auto assemblies, petrochemicals IT - everything thrived only after the 1991 liberalization. India too went through nationalization starting 1969 and it drove the economy to the ground.

[@haroon420]

At 21:00 when he says the families would’ve run abroad. Is he speculating here? Maybe a renowned professional shouldn’t speculate about something that might have occurred but did not in fact occur.

[@noumansaeed1284]

Sir agar ye division khatam kardy to Kia is se unemployment bar nahi jayye ge?

[@nmuhammad51]

Waaah .. amazing podcast 🤩

[@ThePakistanExperience]

🙌

[@ali000000000ful]

I heard that BISP funds are provided by some funds managed by UK government and institutions. Can you confirm or deny? What is the source of BISP funds?

[@kidzviralz8922]

An insightful talk...Thanks for the Q&As

[@akshaybatra1777]

Amazing work. Always looking forward to your podcasts.

[@indigenous_clips]

Land reforms pe centered koi podcast kro bro. Pakistan needs it the most

[@ThePakistanExperience]

Good suggestion

[@amarnathjha8319]

We need market to decide. No government interferences.

[@tariqikram]

What about control of tax evasion to generate revenue in short term??

[@shirishjoshi7137]

Very balanced and well reasoned!

[@Kabirbaloch555]

Great Knowledgeable talkie

[@muhammadsauood2089]

Excellent podcast

[@safiakadir7695]

The story is always complex and this discussion actually gets that ! I am tired of platitudes and personality focused simple minded analysis.

[@getevennow]

Income distribution was superior in Ayub’s era than Bhutto era. As measured by the Gini coefficient by Economist Guisinger

[@ClassicDonkey]

Source ?

[@Tayyab-H-Bajwa]

you are doing a great work bro. Highly appreciative

[@mohdbilalabbasi]

Very informative. Thanks for this podcast

[@khnasirabbas]

@thepakistanexperience : What do you say. Should we start gathering 5 people in each city and start protesting. ??

[@magic_motors]

people need organize in small groups a great idea but to galvanize a change in government policy people need national organization with people from grassroots level running it

[@malikmoin7637]

Really loved it Shehzad, might differ with him on some ideas but that's alright. The stale old narratives about nationalization of 70s must be revisited. And the difference Prof Sb. pointed out the between state utilisation of foreign aid in 60s and 80s is worth a relook. Maybe it has hints for a reorientation of Pak State toward inclusive development. Great Work Shehzad. Thanks for the effort which comes at no cost to us often ungrateful listeners.

[@alijehanzeb7759]

Great podcast.

[@GlassHalfFull13]

Sir with all due respect I disagree with you over the nationalization issue. Bhutto broke the backbone of Pakistani’s economy with this policy of his and we are still suffering from those consequences. In every part of the world you have Jhonson and Jhonson or Tata and they may not go by the book but the number of jobs they create, the amount of revenue they bring into the country actually strengthens the economy. It’s very easy to criticize an industrialist sitting in a fancy car but if he is paying his taxes and taking care of his employees that man has earned a comfortable life, show him some respect. Because of those 20 so families there were millions getting salaries and running their kitchens. What did we achieve with nationalization? Were those employees able to run those factories? It was a bleak time in the history of our country and since then we are doomed.

[@tahirullah6801]

Amazing podcast❤️

[@ctscan3088]

Great job Shahzad

[@malikkakar2403]

Extraordinary

[@ThePakistanExperience]

🙌

[@sanjithkmemon8525]

Here in India amongst our policy circles, the general feeling is that elite capture is the problem .

[@cherishgp]

It was also a case until 1991.PVN, Vajpayee and Modi have tried to change that.

[@divyanshsh]

discussion deep AF

[@yumnaali8559]

Thank you for another informative podcast. Only if qaum-e-youth had the intellect and patience of understand the economic plight of our country ,they wouldn't be crying foul and protesting on roads for a Demogogue IK who is capable of nothing but loose talk.

[@panditbabu2788]

Shehzad bhai big fan from india. Plz give me heart

[@shivendrasingh8931]

@@ThePakistanExperience ha ha ha Epic

[@muhammadtalha3226]

Jani you'r doing amazing work

[@muhammadtalha3226]

@@ThePakistanExperience Keep it up

[@venkatreddy2816]

I feel Mr Mr. Bengali will get a software update soon

[@Hassan_Rajput_PAS]

Incentives do not increase export protection does

[@saimahirani3836]

Thanks

[@aliiqbal6310]

busted many myths. I was very anti nationalization movement which was initiated in 73 by bhutto but never thought with the perspective that Dr. kaisar sab gave.

[@msg656]

Restrict imports. Save borrowed Dollars.

[@ahmadyounas7372]

Sir please forward thisquestion Is inflation a monetary phenomenon or cost push in PAkistan

[@SalahudinMalik]

the only highway sindh govt made is mehran highway and its two way highway cant drive above 80km/hour

[@shivendrasingh8931]

Koi nahi yar adjust karle