Khabar - Economic Survey 2023-24 - Budget 2023-24 - Meher Bukhari's Important Report - video Dailymotion

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Transcript

00:00The Muslim League, Nawaz, People's Party and other parties are going to present their first budget tomorrow.

00:06But today, before the economic survey was presented by the Minister of Treasury, Mohammad Aurangzeb,

00:11the Minister of Treasury announced the economic situation and challenges in 2022-23.

00:16However, according to the economic survey, the government has failed to achieve major economic goals, apart from the need.

00:22However, the goals set in the upcoming budget are definitely after consultation with the IMF or after the IMF's permission.

00:52I was very clear in the private sector, I was very loud and clear that we should go into the IMF's program, because there is no plan B.

00:59If there is a plan B, then the IMF is not called the lender of large resorts.

01:03The step that was taken by the Prime Minister at the time to take us through the finishing line in terms of signing the nine-month standby agreement

01:12was a very, very important part of where we are today.

01:16Because if, God forbid, that hadn't happened, we wouldn't be discussing these targets right now.

01:23Administrative measures taken by the Minister of Treasury since 2022 have also been announced.

01:29Three months of this year's current account surplus, which we thought when the government came,

01:36that the current account deficit is going to be less than a billion dollars, you know, it has turned into reality.

01:41The currency stability, which you have seen in the past few months,

01:45the steps taken in the caretaker administration around the administrative measures,

01:50the steps taken by the State Bank, to me, it is the structural part that the State Bank has taken.

01:56I give full credit to the State Bank of Pakistan that the steps they have taken.

02:00We had left the foreign exchange reserve two-month import cover from the brink of default.

02:04And now, Alhamdulillah, we are at two months of import cover, a little over nine billion dollars.

02:11The Minister of Treasury was asked during the press conference about the rescheduling rollovers of loans.

02:15He said, we will do as we did last year, but at the same time,

02:19he announced that Pakistan will also implement the PANDA bond this year.

02:26We are very keen to go for inaugural PANDA bond.

02:29Even before we go back into the Euro or the Reg S144A market,

02:34you know, we are very keen to at least go for inaugural PANDA bond during next fiscal year

02:38and hopefully during this calendar year.

02:40So on the external finance side, Inshallah, once the fund program is in place,

02:44I don't see that as a big challenge.

04:44The Minister of Treasury has said that this is a complete failure of track and trace and POS.

05:45Airport.

05:49Those transactions should be ready to go into the Privatization Commission

05:53and with the Aviation Ministry.

06:15No sectors may targets.

06:18Cost of doing business, power tariffs, or industry shutdown.

06:24Pakistan's large-scale manufacturing.

06:29Exports.

06:35Duties.

06:39Large-scale manufacturing.

06:41May.

06:57It will be a huge lever of growth.

07:05Or.

07:11Mohammed.

07:32Punjab.

07:41Kekar.

07:55Fertilizers.

07:56My.

08:06Exports.

08:18Sector key performance.

08:23Real estate.

08:26Growth.

08:31Rental.

08:36Real estate.

08:41Karachi.

08:53Value.

08:56Dollar.

09:07Net.

09:08Discretion also remains unanswered.

09:10Saathi.

09:16Retail.

09:17Wholesale.

09:18Or trade sector.

09:19In.

09:26You know sectors.

09:49Change that remains to be seen.

09:56Can I get.

10:07Implemented.

10:07To move out of the tunnel vision of catering to your votes and voters.

10:18Restructuring.

Khabar - Economic Survey 2023-24 - Budget 2023-24 - Meher Bukhari's Important Report

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