Military Business vs Economy of Pakistan |
In this Podcast, You will Discover how the military's extensive involvement in various private sectors is contributing to the economic downfall of Pakistan. Kaiser Bengali explains the ways in which military interests are disrupting market dynamics and stifling economic growth. We delve into the inefficiencies plaguing the Pakistani government and how these issues exacerbate economic challenges. Kaiser Bengali sheds light on the systemic problems that hinder effective governance and economic reform. Kaiser Bengali shares his personal journey and reasons behind his resignation from the government. Gain insight into the internal conflicts and challenges he faced while working within the system. What lies ahead for Pakistan if current policies persist? Kaiser Bengali offers his expert predictions on the potential trajectory of Pakistan’s economy and the socio-political implications for its people.
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00:00 - Introduction
1:54 - Committee formation and members leaving.
2:35 - Problems with raising taxes.
5:40 - Prime Minister's final decision.
6:14 - Reason for resignation explained.
6:34 - Specific institution in question.
7:02 - Argument for shutting down institutions.
7:38 - Failure of population control institutions.
8:04 - Criticism of industry institutions.
8:31 - Institutions burdening government without results.
9:38 - Questions about tax collection.
11:28 - Non-salary cost savings discussed.
12:27 - Total savings from closures.
13:03 - Politicians and economists' roles.
13:16 - Army's role in decisions.
13:24 - Reasons behind institutional decisions.
13:40 - System's role in keeping institutions.
13:56 - State Bank reserves and default.
14:10 - Reserves improving despite default.
14:16 - Reserves from loans, not exports.
15:02 - Impact of $9 billion reserves.
15:06 - Default situation despite reserves.
15:17 - Default status explained.
15:45 - IMF program history and problems.
17:15 - Poor economic management discussed.
17:43 - Impact of following IMF conditions.
18:02 - India's experience with IMF.
18:54 - Issues with getting international help.
19:19 - Changing attitudes of friend countries.
19:44 - IMF demands for external funds.
20:12 - Difficulty selling national assets.
21:10 - India’s example with Air India..
21:58 - Lack of entrepreneurs in Pakistan.
22:29 - Comparison to Indian business investment.
23:17 - Few wealthy people in Pakistan.
24:39 - Tax collection challenges discussed.
25:04 - Reducing import costs discussed..
25:34 - Industrial sector’s import reliance.
25:48 - Export-import connection explained.
27:01 - Industrial policy failures discussed.
27:20 - Factories closing for imports.
27:45 - Corruption’s impact on industry.
29:59 - Solutions for industrial and tax issues.
30:07 - Electricity demand and cost issues.
31:33 - Stable governments since 2008.
31:45 - Economic focus from 1947 clear.
32:44 - Lost economic focus after 77.
33:47 - Conflicts worsened economic growth.
33:59 - Aid led to problems.
34:03 - Dollars brought violence, not progress.
34:17 - Heroin, violence from Afghan conflict.
37:17 - Military spending strains budget.
38:21 - Reduce redundant military institutions.
39:25 - Military profits don’t aid defense.
41:00 - Private universities struggle financially.
41:47 - No quick fix for IPPs.
43:04 - Gwadar deal favors China.
46:53 - Loans affect foreign policy.
48:51 - Luxury cars funded irresponsibly.
55:22 - Stock market as casino.
56:22 - Stock market's role in capital mobilization.
57:43 - Stock market profits and losses.
58:30 - Large companies can't manipulate stock prices.
1:00:10 - Project funds and employment creation.
1:04:38 - Karachi's empty plots and market issues.
1:06:50 - Property price declines over time.
1:07:14 - Property investment returns and risks.
1:08:28 - Economic reasons behind property price fluctuations.
1:09:04 - Investment in other countries by Pakistanis.
1:09:25 - Taxation and ease of doing business.
1:10:34 - Dealing with IMF and tax strategies.
1:12:27 - Importance of political stability in economy.
1:14:04 - Future outlook for Pakistan’s economy.
1:14:20 - Potential for economic improvement in 20 years.
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