ARY News 12 PM Bulletin | 2nd Oct 2024 | Biden's Big Statement
ARY News 12 PM Bulletin | 2nd Oct 2024 | Biden's Big Statement
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20:34Inflation
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22:26longest time we have known the what and the why part of it, that we have to increase tax
22:30to GDP, we have to do energy sector reforms, we have to do SOE reforms, we have to go towards
22:37privatization, but we don't do it. And therefore, this is a fantastic opportunity that we now
22:46utilize this moment and it is a defining moment for the country that we go with full commitment
22:56and rigor and vigor in terms of the structural reforms. Because if the prime minister says
23:02that this is going to be the last program, the only way it is going to be the last program
23:06if we execute what we have said we will execute around the structural reforms. And we are
23:12very committed as an administration, as finance ministry and all cabinet colleagues to actually
23:19get it done. Now, coming to the topic at hand. Bikhi, this is very, very important
23:27from isme badi mufassal guftagu sabne already karli hai. Lekin from my perspective, why
23:35all of this is very important? Because yeh toh ek slogan ban chuka hai na that data is
23:43the new oil. But the point is, what do you do with that data? Right? In the first instance,
23:50it can't be just raw data. It has to be done through data analytics. Aur uske liye you need an interactive platform like this.
24:02Right? It's for us in the finance ministry and then every, all other ministries,
24:10aur usme ek minute mein wapas aunga. But academia, research, our media and journalist colleagues,
24:20because this provides you the transparency. You don't have to go into the libraries, you don't have to go dig into the books.
24:29This provides you the fact base. Right or wrong, we may like it, we may not like it, depending upon which administration was there.
24:39But that's the fact base. And that fact base is on your fingertips going back 50 years. So, it's tremendous.
24:49And you can, you know, play around with it because it's interactive. So, I think that part is very important.
24:57The second thing what Dr. Imtiaz said, whenever we have gone into technology and technological
25:06platforms, and I also see what's happened in FBR, that we have done fantastic things in verticals.
25:13We have done great job in terms of automating one vertical, other verticals. But why digital Pakistan has not been able to go forward?
25:24Because there has been no horizontal layer. Data is not integrated. Aur wo humne seekh rahe hain FBR mein,
25:33ke humne agar Aadhaar ki tarah ek national identity ko aage lekar jaana hai, and everything being linked to that national identity.
25:41Yeh jo bhi sab baat ho rahi hai, new filers ki, aur jo bhi baat hui hai ke, you know, the total filers going up,
25:50that data was always there. We never connected the dots. And that's what is now happening in terms of providing that horizontal layer.
26:00So, I hope, Dr. Imtiaz, with your efforts, what you have done to date, and I compliment you and your entire team to get us to the stage,
26:09ke at least this vertical is there, this information is available. You don't have to wait for economic surveys. This is real time, it's available.
26:19Let's go down and sort of, you have all the, you know, the drop down things and you can, as I said, you can do various analytics on that.
26:29But then also see what we can do across the government. That we can make it whole of the government approach.
26:38Right? Jo aapne abhi baat ki, Pakistan Bureau of Statistics ki, State Bank ki aapne baat ki, aur cheezon ki baat ki, whatever is permissible,
26:47under the law of the land, at least let's just make sure that these things get integrated,
26:54taake jab hum going forward, jab hum baat karein, to fact-based baat karein. Not on the basis of premises,
27:02not on the basis of, you know, what we think, you think. Of course, the views are always there and views are welcome.
27:09But it's, you know, the more it is, you know, fact-based, the better it is. The other thing is, and the last thing I just want to mention,
27:20is that I see this as an avenue, as a platform where we can collaborate. Because government ke paas akle kul nahi hai.
27:30We want, ki academia, the research organizations across the country, the think tanks, we all come together.
27:43And this is one platform, once you do the analysis, and you come back and question us, and give us views, advise,
27:53your thought process. And, you know, it can be criticism, it can be constructive criticism, it can be around fiscal reforms,
28:02tax policy, public expenditure, macroeconomic stability. But what we do with this kind of platform is,
28:11we talk with a fact-based, evidence-based approach. Because to me, that is very critical.
28:18Aapke apne views ho sakte hain, mere apne views ho sakte hain. Lekin, the more they are grounded in fact-bases,
28:24where we can back them up with real data, I think that's where transparency comes in on the part of the government.
28:34That's where I think we can also have more constructive and productive discussions as we, Inshallah, go forward.
28:43So, with that, you know, I just want to say, Dr. Nityaz, once again, very well done. Our finance secretary is traveling.
28:51I wanted to say, it happened under his leadership, Mr. Indad Bosal, but Nishita is here, representing him.
29:01Unko kisi kaam ke siste mein mul se bahar jana pada. Otherwise, he would have been here today.
29:07Of course, the Planning Commission, the EAD, all of us sort of come together in this effort.
29:14And I do think it's something, I am glad we are celebrating it. And I am sure this will add a lot of value in terms of the economic landscape.
29:27And in terms of the quality of discussions that we have between the government and all the stakeholders. Thank you very much.