Who is responsible for inflation in Pakistan? Ather Kazmi's Analysis

2 years ago

#AtherKazmi #Inflation #ElectricityBill #SawalYehHai

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Transcript

00:00 They got tired of telling us in a year how difficult the situation is.

00:03 The Chinese mafia has started again.

00:05 We cannot see these things in isolation.

00:09 Here, sometimes we get reports of sugar and sometimes of power sector.

00:13 These are small symptoms.

00:15 Until you treat the overall disease, which is our economic situation and the model of our governance,

00:21 how many things work according to the rules and regulations.

00:24 When it is said that if you put the rules and regulations back, the results will come out.

00:28 Here you take the leverage, someone else takes it.

00:31 This is a collective effect that you see in different sectors.

00:36 You told us about sugar.

00:38 Similarly, if you take the power sector report, how many subsidies are we giving,

00:42 how many payments are we making, who has made those agreements.

00:45 First it was said that this is a foreign investment.

00:47 Later it was found that many IPPs were transferred to the names of local people.

00:51 Similarly, the sugar that has been received,

00:53 the owners of the government were sitting in the cabinet in the last two years.

00:57 After that, some people did not sit.

00:59 This system will continue and the basic reason for this is that the one who has the power,

01:04 he cleans his hands.

01:06 And then these political statements given by Haider Waheed,

01:09 I think it has become very nauseating.

01:11 When you are in this whole country, and I have spoken across the board,

01:15 but a year and a half ago this report has come,

01:17 that you tell the people to tighten their boxes, the situation in the country is difficult,

01:23 but where the person who has the hand to give subsidies,

01:26 they also give there and make their own arrangements and go.

01:29 Now when people have to buy sugar for 200 rupees,

01:32 at least they should know who to thank.

01:35 You are right and I think that from the very beginning,

01:40 I think our country was born in this kind of system.

01:44 I think the public made a lot of sacrifices during the migration,

01:49 but from the beginning, I think the elite capture had taken root very solidly right from the beginning.

01:55 I don't know if you remember or not,

01:58 you can't say you remember, but maybe we all read somewhere,

02:01 that even the first time when the politicians were attacked,

02:05 there were 50 corruption cases in 1949 and 1950.

02:09 So nothing that is happening today is new.

02:12 First of all, you understand this.

02:14 And I think that because of the death of Qadir Azam Muhammad Ali Jinnah,

02:20 there was a hurry,

02:22 and on the other hand, Nehru was not in a hurry,

02:24 land reform was done there, but not in our country.

02:26 In our country, elite capture had taken root right from the start,

02:30 and it has been going on like that until today.

02:33 And because it is coming to a head,

02:36 and because the system of globalization and information has become so global,

02:43 that some exposure is more these days.

02:46 But if we look at it, I don't think there is a big difference.

02:50 Like I said, whether you take the lobbyist mafias,

02:54 whether you take the system of martial law,

02:57 whether you look at the governance of political parties,

03:02 and the way it is, and the biggest thing is that,

03:06 because the people are not the eyes and ears of power.

03:08 You see, no matter which party you head,

03:10 whether you put martial law, but if the vote starts counting tomorrow,

03:13 then obviously things can change.

03:15 But votes don't count here.

03:17 The point is that it is not the one that votes,

03:20 but the one that counts the vote.

03:22 But Mr. Haider, one thing is different.

03:25 This time you have seen that people do not have any scope.

03:29 They are just suffering.

03:32 There is a global inflation,

03:34 and you have to accept that.

03:41 But there are bad governance practices.

03:43 I think that in this space,

03:46 a middle class and a labor class person,

03:49 they have never been in this space before.

03:51 We always say this.

03:54 I think the situation is definitely very bad.

03:57 And that is because it has come to a head,

03:59 this whole Malwa, living beyond our means,

04:02 will never develop its economy.

04:05 The Soviets invade Afghanistan,

04:07 and when 9/11 happens, we build our economy on it.

04:10 And such sectors,

04:12 where 70-some percent of your parliamentarians are agriculturalists,

04:16 and there is no income tax on agriculture,

04:18 your traders are not taxed on them either,

04:21 you keep imposing taxes on the same salary class,

04:23 those are the industries that spend more dollars on your imports,

04:28 than on exports.

04:30 They get all kinds of subsidies.

04:32 And when you take the technology sector,

04:34 when you take Pakistan as a trade corridor,

04:38 or our irrigation and agriculture,

04:40 where there is a need to make a huge investment,

04:42 to run it professionally,

04:44 there we see that there is no such focus.

04:47 And this is the service sector.

04:50 Our population, which is our biggest burden,

04:54 and can become a burden for us,

04:56 there is no investment in that.

04:58 We are a service-oriented country.

05:00 With zero human resource investment.

05:02 We have no infrastructure.

Who is responsible for inflation in Pakistan? Ather Kazmi's Analysis

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