To kya aap keh rahy hain Qamar Bajwa ka ehtisab hoga?

ARY NEWS

To kya aap keh rahy hain Qamar Bajwa ka ehtisab hoga?  #generalbajwa #muhammadzubair #accountability #offtherecord #kashifabbasi #arynews

Transcript

00:00 Petrol has become Rs. 331.

00:02 How much will petrol cost?

00:04 Why is petrol expensive?

00:06 Who is responsible for its price?

00:08 We saw, PTI's government came,

00:12 before coming, Imran Khan used to say that

00:14 Pakistani people are straightforward.

00:16 When petrol is expensive,

00:18 assume that Wazir Adam is a thief.

00:20 This is the only meaning of this.

00:22 He came and petrol became expensive in his time.

00:24 When petrol became expensive,

00:26 people of Noor League said,

00:28 "This man is not afraid of anything."

00:30 "He is a thief, that's why it has increased to Rs. 300."

00:32 "He has increased it to Rs. 2, Rs. 4."

00:34 So we saw that,

00:36 Imran Khan could not follow his words

00:38 and petrol became expensive.

00:40 Then the opposition of Noor League

00:42 said, "This man has increased it to Rs. 4."

00:44 "What is this man doing with Pakistan?"

00:46 He came to power.

00:48 He put aside Rs. 3, 4 and said,

00:50 "Rs. 15, Rs. 20, Rs. 21, Rs. 26, Rs. 24,

00:52 and now petrol has become Rs. 331."

00:54 So this means,

00:56 that even Imran Khan could not follow his words.

00:58 One innocent question is,

01:00 the increase of petroleum prices,

01:02 is it actually a political problem?

01:04 Or it has nothing to do with politics at all?

01:06 That this issue was created by politicians

01:08 for their political interests.

01:10 Because whoever is the leader,

01:12 when petrol becomes expensive,

01:14 he will be abused by the people.

01:16 And his political opponents will say,

01:18 "Look, he has ruined your business."

01:20 Although he also knows what is going to happen.

01:22 I remember,

01:24 when he was in the office,

01:26 he used to say, "Imran Khan has done this,

01:28 he has done that."

01:30 Then when it seemed that Imran Khan's government

01:32 was going to leave,

01:34 then he gave an interview to Naseem Zehra Sahiba.

01:36 When Naseem Zehra Sahiba asked him,

01:38 "What will you do about the petroleum prices?"

01:40 He said, "The prices will be according to the international market."

01:42 Then he did not say,

01:44 "We will make it cheaper."

01:46 Because it seemed that the government would be in power in two days.

01:48 Then he did not say.

01:50 So maybe it is not that these politicians

01:52 are making the people go around.

01:54 Actually, it has nothing to do with it.

01:56 If not, then the people should know

01:58 what is going on.

02:00 Today, we have invited three experts from this field.

02:02 Khakha Najeeb is an economist,

02:04 who keeps an eye on this issue.

02:06 Thank you very much, sir.

02:08 Asad Raza is a very important representative

02:10 of the oil marketing company.

02:12 He is the GM of a very important office.

02:14 So we will understand from him what he says.

02:16 Mozamil Aslam is an economist.

02:18 Of course, he also had an affiliation.

02:20 But what is the issue?

02:22 I would like to request all three of you

02:24 to keep this as academic as possible

02:26 and as less technical as possible.

02:28 Khakha, I am starting from you.

02:30 My first question to all three of you is the same.

02:32 Keep it as short, precise and easy as possible.

02:34 If the oil price is high in a country,

02:36 then what is the percentage of the government's

02:38 activity in that country?

02:40 Or is it a simple thing

02:42 that the government will pay a certain percentage of taxes

02:44 on the amount of oil that is available

02:46 and every government will pay the same percentage

02:48 of taxes that every government pays

02:50 and sells the oil.

02:52 Does this have any relation to the government's

02:54 activity or not?

02:56 Mr. Khakhaan.

02:58 Mr. Subedami, let's look at this in two contexts.

03:00 One is in the short run

03:02 and the other is in the long run.

03:04 In the short run,

03:06 it is happening that

03:08 since the value of one rupee

03:10 has weakened in Pakistan,

03:12 it has a very big impact.

03:14 But along with this,

03:16 the Arab Light, which matters to us,

03:18 is worth $96 per barrel.

03:20 If you go back three or four months ago,

03:22 it was worth $78 per barrel.

03:24 So you saw that

03:26 there was a 23% change in this.

03:28 And the third thing that happened

03:30 when you made an agreement

03:32 with the IMF,

03:34 which is the recent one,

03:36 two years ago it was a levy of 15 rupees,

03:38 then it became 30 rupees,

03:40 and now it is 60 rupees on petrol

03:42 and 50 rupees on high-speed diesel.

03:44 In the short run,

03:46 these are the three factors.

03:48 In the long run,

03:50 the main factor is that

03:52 Pakistan's own capacity of crude

03:54 has weakened

03:56 and we have had to depend

03:58 more on imports.

04:00 In 2022, there are 47 wells.

04:02 If you go back four years ago,

04:04 five years ago,

04:06 there were 110 wells.

04:08 So these are the factors of the long run

04:10 in which we have depended

04:12 and we have changed

04:14 our dependence on our energy

04:16 and put it on international

04:18 and this happened in the short run.

04:20 If your direct taxation

04:22 was much better in the short run,

04:24 then you could have done

04:26 that you would have negotiated

04:28 and said that we do not want to put PDL

04:30 or we want to put less PDL.

04:32 But remember that

04:34 there is 0% sales tax at the moment.

04:36 In the region,

04:38 the prices of petrol are low in Pakistan

04:40 but along with that,

04:42 it has to be said that

04:44 the purchasing power in the region

04:46 is less than that of Pakistan

04:48 compared to India or Bangladesh.

04:50 This is an overall scenario

04:52 which is present at the moment.

04:54 I understood you.

04:56 Before I move to my other guest,

04:58 if you want to quantify this,

05:00 the echo is coming.

05:02 If you want to quantify,

05:04 will you say 50-50

05:06 that buying in dollars

05:08 is better than buying in rupees?

05:10 If the dollar is strong

05:12 and your rupee is weak,

05:14 then the government's governance

05:16 factor comes in it.

05:18 You have to pay a levy

05:20 because IMF has said so.

05:22 You have to go to IMF

05:24 because you have not managed

05:26 your economy well.

05:28 The government can't do anything

05:30 in this.

05:32 So if we have to quantify

05:34 how much percentage of government

05:36 is doing this,

05:38 then it is a rough idea.

05:40 Of course, our macro fundamentals

05:42 are weak.

05:44 Our production capacity

05:46 is weak.

05:48 There is pressure on the rupee.

05:50 The inflows of the rupee are low.

05:52 There is pressure on the rupee.

05:54 When we have started trying

05:56 to fix these things,

05:58 like we did a crackdown

06:00 and took an administrative action,

06:02 then the rupee was justified.

06:04 We have not been able to fix

06:06 our fundamentals for many decades.

06:08 That is the reality.

06:10 Your production capacity

06:12 is weak everywhere.

06:14 Secondly, you have not done

06:16 drilling.

06:18 You have not done proper work

06:20 for many decades.

06:22 So that is also a thing

06:24 that is disturbing you.

06:26 Economic governance is a

06:28 traditional issue of Pakistan.

Category

Transcript

Recommended