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"Pakistan is the only Country that Celebrates Despite Being in Debt" Farhan Bukhari Analysis

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Transcript
00:00If we take a look at the political situation in Pakistan, there is a four-sided fight going on.
00:10On one hand, there is the Parliament. The Parliament has its own opinion.
00:13The Speaker of the National Assembly has his own opinion.
00:15The Election Commission of Pakistan has its own opinion on the Supreme Court's decision.
00:21The Supreme Court's majority bench, which consists of eight members, has its own opinion.
00:28The Government of Pakistan has its own opinion on all of this.
00:33It is not clear what will be the solution to this disagreement.
00:37The Supreme Court has its own opinion on all of this.
00:50We will talk in detail about the political situation in Pakistan in the second part of our program.
00:57But the first part of our program is that Pakistan has received good news of a loan.
01:06The IMF has announced this yesterday.
01:09The managing director met with our respected Prime Minister, Mr. Shahbaz Sharif.
01:15He said that Pakistan is a very good child.
01:18Pakistan is moving forward in a very good way.
01:21We are giving loan to Pakistan while keeping the economic decisions of Pakistan in view.
01:29We will get the 24th IMF package of Pakistan's history.
01:36We invited Mr. Farhan Bukhari in the first part of our program.
01:40We are getting $7 billion.
01:43The first case is said to come to us on 30 September.
01:48This is a good news.
01:49The economy of Pakistan has improved.
01:53This will increase with every passing day.
01:56A question that comes to the minds of ordinary Pakistanis like us is that the 24th IMF injection will not affect us.
02:05The 24th IMF injection will not affect us.
02:13The 24th IMF injection will not affect us.
02:18The 24th IMF injection will not affect us.
02:23The 24th IMF injection will not affect us.
02:29When the government of Mr. Tehreek-e-Insaf went to the IMF in the past, the conditions were the same.
02:39There was politics there.
02:43In what words did the IMF express its views at that time?
02:50I will show you a picture of what happened in the past.
03:01They made us slaves of the IMF.
03:04All of you are traitors.
03:05You are selling the country.
03:07They are standing in front of the IMF for $1 billion.
03:10The government has given our country to the slavery of the IMF.
03:14We don't believe in the IMF deal.
03:17Kill this deal.
03:18Kill this deal.
03:19Together with the people of this country, we will destroy this deal.
03:24The government has kneeled before the IMF.
03:27And has made Pakistan a colony of the IMF.
03:31We don't accept the package of the IMF and the PTF.
03:36And we don't accept it for the people of this country.
03:38And from March, we will start a campaign against the PTIMF package all over the country.
03:46Viewers, from the morning, the news is coming on all the television channels.
03:51The conditions that we have agreed to.
03:53The conditions of the IMF are in front of you.
03:56Then we will take comments from Mr. Bukhari.
03:59First of all, the difficult thing is that Pakistan will look at the NFC award formula again.
04:06Viewers, you will remember the NFC award.
04:08Through which money is given to the provinces from the treasury of loyalty.
04:12The IMF will monitor the expenses of the provincial governments.
04:16This is also a very important condition.
04:18In the future, there will be no relief on electricity prices in the Punjab government style.
04:23This is a law to read and see very carefully.
04:26And our respected Tahir, you said that you will not be able to do the press conference like they did in the past.
04:31Pakistan will not give more than 1% of GDP to the Tawanai department.
04:37The government will bring reforms and Jamia package to reduce electricity prices.
04:42This is also a very important condition.
04:45The government will review the purchase agreements of the Tawanai department.
04:51Viewers, every government has been telling us that we will review the purchase agreements that we have to buy electricity.
04:59Pakistan will not issue land grants during the IMF program.
05:03Viewers, this is available with the government.
05:06The treasury should withdraw money from where it is needed.
05:10Land grants are later approved.
05:14Pakistan will bring the property sector and retail sector into the tax net.
05:17It is a good condition.
05:18It would be better for us to act on it.
05:20It has also been said to bring the Zari department into the tax net.
05:22This is also a good thing.
05:24Now, how will we bring the Zari department?
05:26We will ask Mr. Bukhari.
05:28The government will not be able to determine the financial value of the private sector.
05:33Welcome to the show, Mr. Bukhari.
05:35Viewers, Mr. Bukhari has a credit in Pakistan.
05:40It is an honor that the world-famous newspaper, Financial Times,
05:46writes about finance and economy.
05:49How old are you?
05:50I am almost 34 years old.
05:52You have retired.
05:53I retired at the end of July.
05:55This July?
05:56Yes.
05:57Okay, happy post-retirement life.
05:59Thank you very much.
06:00Okay, tell me this.
06:03It is a good thing that we are getting money for Khushi's wedding.
06:09Obviously, if IMF does not give money, then we start getting threats by default.
06:15So, how do you see?
06:16What is your initial reaction to this?
06:18Look, 34 years ago, when my journey started with Financial Times,
06:22and during this time, I have reported on 34 Pakistani budgets.
06:27Unfortunately, one trend has been continuous from the beginning till today.
06:32And that is that we are more in debt, but we celebrate the happiness of being in debt.
06:37And I have never understood this until today.
06:39If a person is more in debt, then he should be worried.
06:43Here, happiness is celebrated.
06:45It is the 24th loan of IMF.
06:47So, it is a matter of great joy that, sir, okay, we have new loans.
06:52It is a matter of great joy that, sir, okay, we have new loans.
06:57It is a matter of great joy that, sir, okay, we have new loans.
07:02It is a matter of great joy that, sir, okay, we have new loans.
07:07It is a matter of great joy that, sir, okay, we have new loans.
07:12It is a matter of great joy that, sir, okay, we have new loans.
07:17It is a matter of great joy that, sir, okay, we have new loans.
07:22It is a matter of great joy that, sir, okay, we have new loans.
07:27It is a matter of great joy that, sir, okay, we have new loans.
07:32It is a matter of great joy that, sir, okay, we have new loans.
07:37It is a matter of great joy that, sir, okay, we have new loans.
07:42It is a matter of great joy that, sir, okay, we have new loans.
07:47It is a matter of great joy that, sir, okay, we have new loans.
07:52It is a matter of great joy that, sir, okay, we have new loans.
07:57It is a matter of great joy that, sir, okay, we have new loans.
08:02It is a matter of great joy that, sir, okay, we have new loans.
08:07It is a matter of great joy that, sir, okay, we have new loans.
08:12It is a matter of great joy that, sir, okay, we have new loans.
08:17It is a matter of great joy that, sir, okay, we have new loans.
08:22It is a matter of great joy that, sir, okay, we have new loans.
08:27It is a matter of great joy that, sir, okay, we have new loans.
08:32It is a matter of great joy that, sir, okay, we have new loans.
08:37It is a matter of great joy that, sir, okay, we have new loans.
08:42It is a matter of great joy that, sir, okay, we have new loans.
08:47It is a matter of great joy that, sir, okay, we have new loans.
08:52It is a matter of great joy that, sir, okay, we have new loans.
08:57It is a matter of great joy that, sir, okay, we have new loans.
09:02It is a matter of great joy that, sir, okay, we have new loans.
09:07It is a matter of great joy that, sir, okay, we have new loans.
09:12It is a matter of great joy that, sir, okay, we have new loans.
09:17It is a matter of great joy that, sir, okay, we have new loans.
09:22It is a matter of great joy that, sir, okay, we have new loans.
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