Mohammad Zubair criticizes Shehbaz's govt over Inflation in Pakistan

ARY NEWS

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Transcript

00:00First of all, the ratings of Moody's

00:03You may remember that 2-2.5 years ago, when Shahbaz Shahbaz came to power

00:09The ratings of Moody's went down after that

00:13The last downgrade was in April or March 2023

00:18If you fail first and then say that you have passed

00:22We have not even come back to the point from where this government started its journey

00:26So let's be rational about it

00:29The second thing is that this is a very important thing for the people of Pakistan

00:36When we say that Moody's has improved the ratings, or Fish has improved it, or it has become stable

00:42So it has nothing to do with the direct economy

00:46Pakistan has an elite class

00:48For them, these 2-3 news are of great importance

00:52Which has nothing to do with the people

00:53One is the ratings of Moody's or these rating agencies

00:57Second, what will the IMF do on the basis of this?

01:02Will it give us that money?

01:04Will our IMF loan be approved?

01:06What will the IMF Board do?

01:08And as a result, when it does, the stock market booms

01:13And the rest of the people are seeing that what happened to my condition?

01:17On the other hand, I will come to what you said about Afrat-e-Zar and inflation

01:21It is a fact that it has decreased by 10% in a single digit

01:27But please understand that even in the last month

01:31In the last month, where it has decreased

01:33The purchasing power for every class of the people has decreased

01:38That is, its income has not increased from 10 rupees in a month

01:41But the prices have increased by 10 rupees

01:44The Prime Minister has given an impression

01:46Or maybe he was given an impression

01:48On the basis of which, the statement is made

01:50That inflation will decrease

01:51Inflation will not decrease

01:52If potatoes were of 100 rupees, now it will be of 110 rupees

01:55And please don't forget

01:57When he came to power, if there was anything worth 100 rupees

02:02Then it went above 38%

02:05And in the last few months, 20%

02:08So 20% on top of 38%

02:1115% on top of 38%

02:14So basically, what you are saying is technically very correct

02:18That the decrease in inflation rate does not mean that the price has decreased

02:22The money in my pocket, my income has not increased

02:26You are right that the rate of inflation has decreased

02:32The price has not decreased

02:34This is really the statement of the Prime Minister

02:37The price has increased

02:38The price has increased

02:39And now it will increase by a single digit

02:41Earlier it increased by a double digit

02:43It means that inflation is still increasing

02:45But at this time

02:47Especially, are we coming back to normal

02:49Are we coming back to square one

02:51Or that is also not visible to you

02:53Are these temporary effects

02:54Or are we coming back to square one

02:56From where this government came

02:57When the PDM government came

02:59At that time, we are coming to that point

03:01Or that is also not visible

03:03No, we cannot come to that

03:05Because it is obvious that the period

03:07From May, April 2022

03:11Till August, when there was a government of 16 months

03:14In that, Anika, let me inform your listeners

03:18That since the time of Pakistan

03:20They started recording inflation

03:22In that one year

03:24The inflation rate has never increased so much

03:26In Pakistan, you must remember

03:28That the rate which went up by 20%

03:30That went up in 2008-2009

03:32When the international financial crisis came

03:34After that, it increased

03:36And it went up by 24%

03:38During this period

03:4024%, 26%, 27%, 30%, 38%

03:44And especially, the sensitive price index

03:46In which the daily things

03:48Which are more relevant

03:50In terms of inflation

03:52That reached almost 50%

03:54So that 50%

03:56Obviously, has come out of people's pockets

03:58And on top of that

04:00There is more inflation

04:02So one very important thing is

04:04If we are looking at the outlook of this year

04:06What the government has said

04:08That from 3%

04:10To 3.5%

04:12The growth

04:14For the people

04:16The positive aspect

04:18Will be 3-3.5% GDP growth

04:20But in comparison

04:22If the rate of inflation is 10-12%

04:24That means

04:26Purchasing power will be even less

04:28And due to this

04:30When 3-3.5% growth will happen

04:32Then there will be no employment generation

04:34The population of Pakistan

04:36Which has increased

04:38And the number of people

04:40Who are coming to the job market

04:42If there is 7% growth

04:44Then all those people

04:46Who are coming to the job market

04:48Who are unemployed

04:50So at least 2-2.5 years

04:52Will be difficult for the people

04:54But Mr. Zubair

04:56There is a counter question

04:58Obviously, there is a brain drain

05:00Many people are going out of Pakistan

05:02In search of employment

05:04In search of a strong passport

05:06There are many reasons

05:08Now this brain drain

05:10Is this a good thing

05:12Or a bad thing

05:14Is it good for the people

05:16Who are coming to the new job market

05:18To cater to them

05:20Or is it bad

05:22That a good cream is going out

05:24Cream

05:26See Anika

05:28Maybe you know

05:30There was a survey

05:32In Pakistan

05:34A very authentic survey

05:36Out of 10

05:38Only 1 person was positive

05:40About the future of Pakistan

05:42Only 1

05:44Out of 10

05:46So you can guess

05:48How hopeless it is

05:50That the hope

05:52To create hope

05:54Is completely gone

05:56So if only 1 out of 10 people

05:58Are trying

06:00To find a good job

06:02Outside

06:04And we can go out

06:06Hopelessness is not only due to economic reasons

06:08There are also political reasons

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Transcript

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