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asad umar Not so secretive plan’ to revive Pakistan’s economy

Asad umer is not as smart as praised in Pakistan. I have seen many interviews of Asad umer he has never given something new policy .

He just criticized policies of previous governments but didn't give his own suggestions better than them .

He most of time tell journalists that he will do what his advisers and business community advise him. So he will rely on them .


Just watch last election winning interview on arynews asked question by arshid Sharif what gonna he do now. He confused and his confusion was visible from his face expression to satisfy journalists.


Just my observation and may be I am wrong .

You're right. Not an economist, nor a finance guy. More suited to be the commerce minister/advisor rather than the finance minister. Which is why the EAC with stalwarts like Mian and Khwaja were desperately needed.

He's all over the place. Neither do the examples he loves citing make sense or are even correct when talking about privatization or national holding companies.
 
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In contrast to BBC, CNN or Al Jazeera, the media in Pakistan are not staffed by genuine journalists (there are a few of course, but few and far between), but commentators and news anchors. In terms of macroeconomics and public policy, there's no one of repute I can name who has asked the right questions.

If it had been me, I would've asked Asad Umar to spell-out each course of action and its outcome, e.g. let's say if we take an IMF loan, what happens to our account deficit, fiscal budget and -- when austerity kicks-in and lowers domestic spending from our fiscal budget (to service loans) -- our economic recovery plan? Let's say we default, what happens then (explain to people the issue of credit ratings, trust in trade, the potential impact on our expats and foreign worker programs, remittance flows, etc). It'd be a one-hour grilling.

Once these answers are clearly laid-out, the reasoned person will not fall into rhetoric (e.g. "ghairatmaand") or blind acceptance of every proposal (e.g. CPEC), but critically ask, "how do we navigate through this mess while preserving as many of our interests as possible?"

The issue I'm finding with us Pakistanis isn't education; not everyone will get access to education and that is a fact, but a lack of educated reasoning. There's just this general unwillingness to listen, think and be critical.
The ol matric system of rot learning is to be blamed, I was lucky enough to study in the Cambridge examinations stream however just looking at the matric content and how exams are marked made me realize why we are still in the dark ages in terms of ingenuity and making decisions based on logical rationale as compared to current method of just like the old ones did or based on emotions
 
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The issue I'm finding with us Pakistanis isn't education; not everyone will get access to education and that is a fact, but a lack of educated reasoning. There's just this general unwillingness to listen, think and be critical.

Exactly. I don't want to point out names but I must say on pdf we have guys like Bhawarna, who doesn't believe esteem economists like Atif Mian does not have any credentials to be an economic adviser. LOL. Its really hard to explain such impatient juveniles.
 
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Hmm seems a bad choice, how does the new finance minister compare with the last one?
 
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economy is not easy to fix by simply forming body of qualified economists and forming policies.if it is so simple ussr would not be broken.implementation is main factor.policies are already available but implementation is difficult because only poor will suffer from tough decisions and rich politicians who are part of govt and army generals are not ready to sacrifice their luxaries for making us strong economy.this difference of implementation between rich and poor will lead to civil unrest
 
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Because Asad Umar isn't economist. He was CEO of some company. One reason Imran Khan wanted to bring Atif Mian in 2013 as finance minister if PTI won. Then he backed out after ahmadi controversy.

This is why PTI nominating Atif Mian now knowing very well what happened in 2013 baffles me. Opposition will play same card as PTI did in case of khatum nabuwat bill.

Asad Umar sound like your average economic expert on PDF.
Believe me, Asad Umar -- while no economist -- is certainly above the PDF average.
 
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Believe me, Asad Umar -- while no economist -- is certainly above the PDF average.


Well, that's not saying much. :D




It is only a few weeks more when his proposed plan will be disclosed. It is a tough situation for just about anybody to resolve. Part tough measures, part foreign rescue package, part blame-it-on-the-previous-gormint and part hope-for-the-future and it just might work as well as it has all the previous times.
 
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Believe me, Asad Umar -- while no economist -- is certainly above the PDF average.

What I do know is that Asad Umar is honest apart from Imran Khan in PTI, what ever he does will do best for Pakistan in his mind. Will that work or not is yet to see.
 
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You're right. Not an economist, nor a finance guy. More suited to be the commerce minister/advisor rather than the finance minister. Which is why the EAC with stalwarts like Mian and Khwaja were desperately needed.

He's all over the place. Neither do the examples he loves citing make sense or are even correct when talking about privatization or national holding companies.

We have already seen what top notch economists like Ishaq Dar and Dr. Abdul Hafeez Shaikh have delivered in the past years. Talk about wrecking an economy and being all over the place.

How bad do you think Asad Umar can do compared to professor Ishaq Dar? Asad Umar has a positive intent. He is left with a sinking ship by his predecessors. Predecessors that proclaimed to be be professors of economics.

Asad Umar has been in office for a couple of weeks and some are already pouncing on him like he has failed. We need to calm down with the judgements.

I think Pak economy will bounce back strongly with Asad Umar. The man has the ability to take positive and effective steps.
 
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Believe me, Asad Umar -- while no economist -- is certainly above the PDF average.
he doesn't need to be...he just need to bring in people who do know their stuff

A single person can't handle all economic issues

So far he has been correct on all issues unlike Mr Dar previously ..i am not sure which part is that peoples are referring here...

On privitzation he has been clear crystal..shoild happen but will not happen if statw companies are lossing so much money
 
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Ban all imports of goods that can be produced locally or the substitutes produced locally.

Keep the bans in place until the fiscal deficit is significantly reduced.
 
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Ban all imports of goods that can be produced locally or the substitutes produced locally.

Keep the bans in place until the fiscal deficit is significantly reduced.
top items if imports are machinery, petroleum, chemical, edible oil, steel, vehicles ---- also vegetables :cheesy:

What you want to ban?
If a ban is placed, than get ready for strikes.
there's no short term solution.

Invest heavily in agriculture sector, provide interest free loans to the farmers -- instead of giving loans to big thieves, who manage to get them written off, give it to farmers. ---- edible oil and vegetables, no way they should be imported.

Alone middle east is approx 35-45 billion usd food market.

To attract local production, the govt must provide the tools for production --- At the moment, it's high gas/electricity prices, load shedding, corrupt fbr etc.,

and Plz, don't go to IMF.
 
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