Transforming Pakistan: from Poverty to Prosperity | Dr. Manzoor Ahmad and Dr. Pervez Hoodbhoy
Pakistan may have inherited many problems, but in its first half, its performance was much better than many other developing countries. Something started going wrong from the 1980s onwards. What was it, and how can it be rectified? What lessons can we learn from other developing countries that were once facing similar economic challenges and then turned around their economies and are now considered highly successful? There may be many reasons why some countries fail, and others succeed, but one difference is apparent. Those who opened their economies to international trade grew, while those who isolated themselves could not prosper. What can Pakistan do to liberalize its trade and integrate regionally and globally?
About the Speaker:
Dr. Manzoor Ahmad is currently serving as an international trade arbitrator at WTO and a Senior Fellow at PIDE. He previously served as Pakistan’s Ambassador to WTO; Director, Food and Agriculture Organization to UN and Member (Customs) at FBR. He is a regular columnist on Pakistan’s economy.
Пікірлер: 81
It is important to clarify that this graph shows only merchandise exports i.e. goods exports but India's service exports in 2020-2021 financial year is $75-$76 billion. Therefore, India's total exports in the financial year 2020-2021 are $493 billion. Which gradually increased to today India's total exports are $ 770 billion, which includes merchandise exports of $ 422 billion and services exports of $ 322 billion.
Address the root cause.....The ideology and mindset.... Look inside, change inside.... The world outside will change for you.....
India's overall exports in 2022 is USD 770.18 Billion. India is targeting to hit USD 1 trillion in couple of years.
As an indian, to all the indians here - Pls don't spread hate here. Plz, its my request😢😢. If their country is not in good shape currently, we shouldn't be happy about that, because at the end of the day , its a poor people who suffers the most. We can have differences based on religion, politics,etc but as a human, I can't feel good by seeing someone else suffer. If they're wrong/misinformed in their discussion u can point to that in a civil manner.
It is so nice to see Mr Shakeel Chaudhary attending and actively participating in all the important seminars taking place at The Black Hole.
Empty seats shows the interest of Pakistani people in academic discussions. This is the dark side of the story
The title should read "transforming Pak from poverty to starvation."
Why even educated people in Pakistan are always wrong on facts? India's exports of 418 billion dollars in 2020 is of merchandise goods , the services exports which includes software exports was of the value of around 300 billion dollars, in last financial year India earned around 770 billion dollars including merchandise and services exports.
Kudos to whoever does the black board art. Does a great job 👏
Badi badi baate wdaa paw khate 😅😅😅
Sad to see so few takers for such rich conversations. In New Delhi, such talks easily attract fairly encouraging numbers.
Half empty auditorium shows the interest of the Pakistani students. Its a depressing topic for most of them. Had the topic been on jihad, fatwa, Islam the auditoriam would be full !!.
The nation whose goal was to "Fight war with india🇮🇳 for thousand years", " Ready to eat grass but will make nuclear bomb", what else will be the results??? We 🇮🇳 thank Jinnha for creating Pakistan and successfully seggrigating the jihadis. Had Pakistan not formed based on "Two Nation Theory" all these jihadis would have been in present india🇮🇳, then we Hindus would have been in danger....
Low energy cost=higher economic growth. Jammu Power Distribution Corporation Limited (JPDCL) charges:- Rs 1.69 per unit up to 100 units, Rs 2.20 for 101 to 200 units, Rs 3.30 for 201 to 400 units and Rs 3.52 per unit for more than 400 units.
India has crossed 750 billion dollars this year
Dr Hoodbhoy … spoke to a friend who runs a IT service outfit in Lahore …. All he had to say is that the talent is there but not able to work collaboratively … are more like mavericks … and talent does not up-skill … which is the mainstay of IT services cause tech stack changes every 2 years …!
Last question by the lady is the heart ❤️ of this discussion
India's pharma exports are 45 billion dollars and not 30 billion dollars.
You should Invite people like Dr. Manzoor more often. Pakistanis are woefully ignorant of the benefits of free trade and an open economy. The discussion on most TV shows circle around 'relief' and what the govt can do to make things cheaper for people. Pakistani government policies and laws, and actions when it comes to economics, are criminally outdated and wrong. They stifle growth and prosperity. The kid in the front asked a good question about how free trade affects foreign reserves. Since foreign reserves also tend to be a popular topic of discussion in mainstream media, a bit more time on this issue would have been enlightening. Great job Dr. Manzoor. Keep it up
Indian export is 770 billion dollar , merchandise + services
very insightful and thought-provoking discussion
The Road to Pakistan's economic development is not through fiddling with the economy. It lies in reforming all policies which ultimately led to the economic cul-de-sac..
00:15:00 "chalo" India ka bath karle... please reflect on why "chalo" was uttered in exasperation. The problem of this nation is exposed in that attitude.. please recognize and get rid of that.. that may help
India were forced to open up its policy was because of PV Narasimha Rao then PM and not MMS . As MMS was on all major economic policy making institution panels during which India had closed economy and growth rate was not more than 2-4% GDP. So actually credit goes to IMF and political decision of PV Narsimha Rao then PM.
some one like Dr. Pervez Hoodbhoy should have more followers but in pakistan's case guys like orya maqbool jaan has more followers , and that shows the priorities of the youth of the country
Pakistan se zinda bhaag
16:00 the Indian PM in 1991 was PV Narsimha Rao. He opened India to the world. Manmohan Singh came in 2004 ... he was Sonia's poodle. A good for nothing, status quo PM.
Prof Hoodbhoy, great open discussion. May Pakistan get a sane leader who can put it on the path to peace and prosperity. In the current setup only Army can produce such a leader who is truly interested the welfare of its people as opposed to protecting the priviledges of the army.
Time lapse de dia kro...😢
Pleasantly Surprised that there are still few people who can speak truth. I never thought that. Today I changed my view
Good soul searching exercise. This kind of open dialogues are needed to understand what is wrong.
Transforming Pakistan Steps • Unilaterally declare a No War, No Aggression Treaty Against India. • Move to settle the border at the LOC • This should automatically achieve the following: a) The rationale for a bloated & all important Military simply collapses. b) So too the rationale for cosseting of terrorism & terrorists. c) With the importance of the Army fading, the civilian leadership can finally call the shots. d) Trade with India can be revived and create a decisive positive impact on prices of everything from medicines to foodgrains to vehicles. Pakistan will then be in a position to create policies & processes aimed singularly at the economic development of the people. So long as it continues its enemity with India, sees partition as unfinished business and Hindus as kaffirs, to be vanquished, the path is more clear than at any time in the past...it will take Pakistan to perdition.
I am sorry to say that your Thumb nail " from poverty to prosperity" is mis norm here. Infact Pakistan perfected the Art of Prosperity to Poverty from the day One. you have $ 130 Bn Loans. you don't have earnings to repay even the interest of Loans forget about painting bright future.
Only honesty and dedication will bring prosperity ,which is lacking in pak.
The guest speaker could not give any hope, any solution about road to recovery on economic activities. How can he give ? Because establishment and Elite clubs decide everything in Pakistan.
Industries are the key to economic progress. Starting with SME and gradually focusing on large scale manufacturing. For that you need three things 1) Cheap Energy 2) People willing to invest. 3) Trained labour, engineers and executives. You messed up with the later too. China built you cheaper energy sources but its of no use. Now you blame China for over capacity production of electricity and debt trap!
Put time stamps
Road from Poverty to Prosperity is a long and arduous one I’m afraid, to be traversed or treaded upon rather honestly, cautiously, carefully, patiently, perseveringly and in a focussed manner/with focussed attention, working hard 24X7, in an equally transparent manner, with all the aims, objectives, goals and targets pre-identified, pre-set, pre-determined and clearly demarcated so as to be able to keep taking appropriate corrective measures simultaneously, in order to rectify, address or make up for the shortfall(s), under-performance and/or failure(s), if and when these intervene while moving along in that direction.
Most seat vacant. If it will tarq zamil, you will find no spacevin entire stadium
Shaukat Aziz shut down the entire development banking industry !
Only China can solve Pakistan problems. China loves Pakistan and will love to make them a Colony of China. Everyone will prosper. Think about the amount of Chinese Restaurants that can spring up throughout Pakistan with that Belt and Road. Look how beautiful Gwadar is becoming.
Indeed there is poverty in Pakistan, poverty of knowledge and intelligence.. 😂😂
Real question is "how to make Mahmood Gazanavi model of economic development successful in Pakistan."
What scholars, no wonder Pakistan does not even produce an elementary item like needle
❤
As off today India's total export is around $770 billions
good conversation: ہمارے ملک کاروبار کرنا ہے یا نوکری ، فیکٹری لگانا :پہلے شفارش پھر قابل قبول رشوت ،پھر جاری رکھنے کے لئے بھی ؛آرمی چیف ،سیاسی مذہبی ٹھگ :کام چلے نہ چلے :اس ے آزادی کا بتائیں :ٹیکس تو دیں گے
Sorry state we do have... Hope for better
Jitne doctorate (ph.D) pakistan mei hai, utne tau sare America or israel mei bhi nahi hai. Karte kya hai ,,,,,, Enda curry banate hai ya bhurji???????
Trade will India will help Pakistan in procuring at right price & will also get a market.
Mujhe khushi hogi pakistan me black hole Jaise idare aur ho to nischit hi India Pakistan relation behtar honge
Truth is Pakistan is with huge grey economy. .. no worries for common pakistani, bankruptcy will be for Pakistan govt. ..
Before i listen to , i have one confession to make. India should not be topic of discussion . But bet you India will always be there. India tarakki kar gaya , chand per pohach gaya , HUM RAH GAYE PICHE
Sab indian h kya idhar😂😂😂😂, look parvej sir respect apko dushman derhe
Poora system corrupt hai.. corruption ko chedna nahi chathey ho. Law abiding people and institutions is basic requirement that is totally missing in Pakistan. Floating law without consequences is the job for which people are paid for by every one in Pakistan, including in government, judiciary, establishment etc
PAKISTANI CAN RUN CAR WITH WATER AND OUR YOUTH IS WASTING MAX TIME IN THIS TASK BUT CAN NOT MAKE NEEDLE
love pakistan😃🥰
25/25000000=0.0000001 At 70 am i calculating correct?? But if i have not calculated correctly it is really a sorry figure to think about the prosperity of the country which is situated at a stone throw distance from my home. Wake up please.
Pak establisment and elite should think about citizens instead of their own benefit. Their ego and selfishness is the reason for Pak's tremendous decline. They can easily be friends with India and get rid of all their problems 1 by 1. India never intended to attack any other country. But they have set up a system such that the kids are brainwashed in schools and madrasa itself. A few lucky ones get out of the country and experience the reality. Now there is internet, thats why youngsters in big cities are able to see the truth early on. But what I know of, internet is still inaccessible for masses. Sometimes I think, its Pak's own doing so they deserve this kind of decline. But on the other hand, when I see hopeless faces of common citizens who just wants to leave the country, it makes me sad. I hope people in Pak get some sense and stand up for their rights and against fake narratives. IK is one leader who had the opportunity cause he had the similar respect in India but then who is in-charge actually.......?
You can't. Democracy or communism. Military leadership never worked. Check if there is any country.
You can understand this session after seeing the pakistan crowd which accumulated if fatwa raised and if there is mooring over the root cause of poverty there is none...It's nonsense fruitless talk.😢...so sad!
Comparing Indian industrial exports with Pakistan’s is like comparing economic development of BIMARU states 😂 with some of the coastal states of India that are highly educated, skilled, and industrialized (for example Andhra). Remember when Covid hit, most of the poorest migrants were heading /walking out of Industrial and economic centers of India back to BIMARU aka economically backward Indian states. Please study Indian states first. Study and understand why certain Indian states are million times richer and export oriented than some of the poorest states within the same country. Then see how Pakistani states match or compare with which subset of Indian states. Please don’t start this indo Pak war of words on this serious topic. Thank you. Peace 🙏🙏🙏 PS. There is an economic gap between Andhra and Telangana states even though they share Telugu culture. Interesting. Isn’t it?
Well India has Adani ....the finest businessman...so we will do well
PANI MAY MILK MILANY WALI KOM MULK NA CHULA SUKTI HY ..IN KO CHUMCHI SAY CHALANA CHAYA
Why speakers waste time ignoring that no country exist on east of Pakistan. Why can’t Pakistan realizes that china only export and not import. Even with India although volume is $130 billions but deficit is $100 billions. Same is true for Pakistan but smaller values say deficit of $20 billions. If any country wants to self destruct no one can help.
SAARC KIi tau VAAT LAGA de thi. Ab ro rahe hai
Sorry ! But Pakistan has missed the Bus
UNDERSTAND PLS - ALLAH PREFERS TRUTH NOT RELIGIOUSNESS ***** YOU WERE INFORMED ! *****
You bring people to tell lies and spread wrong thing