"Stock market ke barhne se awaam ka hukoomat par aitmaad zahir hota hai."

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"Stock market ke barhne se awaam ka hukoomat par aitmaad zahir hota hai." Ali Pervaiz Malik

Transcript

00:00The stock exchange in 2024 has skyrocketed.

00:06You are laughing. I am not talking about the stock exchange in China.

00:11If you say that the stock exchange has not grown,

00:16then if it was falling, then you would not say that the government's stock has failed.

00:20I am not talking about that. I am talking about something else.

00:23I will not talk about that.

00:24I have just finished working on the stock exchange.

00:28The stock market has grown by 85% in 2024.

00:33Wow!

00:3485%

00:35And after 2002-2003, it has grown the most in the history of Pakistan in one year.

00:42You should be happy now.

00:44Your love should be shaken by what Muzammil is saying.

00:47What is the reality behind this?

00:48I am not shaking because I know that you have to say the next thing.

00:52The reality is that the stock market has grown by 52,000 points.

00:58And there are 5 shares in it.

01:00No. 1 FFC

01:02No. 2 Mari Petroleum

01:04No. 3 UBL

01:05No. 4 OGDC

01:07No. 5 Angro Fertilizer

01:09These 5 stocks have increased by 20,000 points because of them.

01:13These 5 stocks.

01:14There are more than 500 shares in the stock market.

01:17After this, listen to me about the sector.

01:2212,000 points have increased because of the banks and the bank sector.

01:2613,000 points, sorry.

01:2811,000 points have increased because of the fertilizer.

01:31And 10,000 points have increased because of oil and gas.

01:3435,000 points have increased because of these 3 sectors.

01:36And there are 17-18 sectors in the market.

01:38Now these 3 sectors.

01:39What is the connection between the banks and the common people?

01:42The one who got the highest all-time high share of interest.

01:44His profits increased.

01:45He got sixes.

01:46Fertilizer.

01:47You have just seen the agriculture in the country.

01:490.92% growth.

01:5140% decline in production.

01:55And 12% decline in the growth of the main crop.

02:00So, the fertilizer has increased its profits.

02:04So, the 2 companies that I mentioned in the top 5 were of fertilizer.

02:08So, if the price of fertilizer increases, then what will happen?

02:11The food is expensive.

02:13Third, oil and gas.

02:14In the history of Pakistan, the prices of gas have increased by 800% in the last 1.5 years.

02:21Oil and gas companies have started getting cash because of the prices of gas.

02:24Otherwise, the government did not release money due to circular debt.

02:28This third sector was also a threat to the common people.

02:30So, these were the 3 sectors due to which the 35,000 points increased.

02:3452,000 points.

02:3585% growth.

02:36And 5 companies.

02:37Now you can call this a success.

02:39I have put it in front of you as an analyst.

02:41There is no party talk in this.

02:43I have put it in front of you.

02:44So, Ali Bhai.

02:46Let's quickly answer the question of the capital market.

02:48Mr. Muzammil, the summary of this is that it is wrong to portray it as a barometer of your economy.

02:56These are some specific shares.

02:58These are based on some specific reasons.

03:00And some specific people are benefiting from it.

03:02That's all.

03:03Look, you see the Karachi Stock Exchange as a forward-looking index.

03:09And use this as a barometer.

03:14Is the confidence of the people, the trust of the people, the path adopted by this country and this government, better or not?

03:24Tell me, the price earnings ratio that reflects the growth opportunities.

03:30Won't it be 4 to 6 times?

03:32Isn't Pakistan's stock market a forward-looking indicator?

03:36Isn't it the best index in the world?

03:38Okay, if you reject this too.

03:41So, the international rating agencies are giving you a positive outlook.

03:45They are upgrading your outlook.

03:47Tell me about that.

03:49Tell me about CDS.

03:51So, the request is that all these things are based on the trust of the people.

03:57And this is the expression of trust of your domestic and international investors.

04:02That the government is on the right path.

04:05Mr. Muzammil, please comment on this.

04:07I remember that Mr. Khan has said this 500 times in his government.

04:11That the biggest problem is the current account deficit and the current account surplus.

04:15And if this improves, then the economy will improve.

04:17If we take that as a benchmark, then this is the best economy in the world.

04:21And it's still going on today.

04:23Mr. Khan has explained to people what this term means.

04:27He has repeated it so many times.

04:29Look, there is import and export.

04:31There should be more and less.

04:33This is called the difference.

04:35And if this improves, then the economy will improve.

04:37So, it has happened.

04:39If Mr. Khan was outside, he would have said that the current account is not the problem.

04:43It's the financial account.

04:45Under the current account, there is a financial account.

04:47So, you are saying that he is not talking about himself.

04:49No, no, listen to me.

04:51No, no, Mr. Mifta is sitting here.

04:53He is a Ph.D. in economics.

04:55He should agree with you.

04:57Look, what is a financial account?

04:59Where the whole world sends you money.

05:01FDI, foreign direct investment.

05:03You get bilateral and multilateral money.

05:05Pakistan has lost its financial account since 2022.

05:09The current account is in compulsion.

05:11What Mr. Mifta has said.

05:13This is a demand contraction in this country.

05:15That's why imports are over.

05:17Because people don't sell their goods.

05:19Shopping is over.

05:21The real problem that happened in Pakistan two years ago,

05:23which I did not see in 75 years.

05:25Pakistan's financial account is gone.

05:27Your FDI is over.

05:29You tell me.

05:31After that, you are not getting euro bonds.

05:33You are not getting grants.

05:35No country is funding you bilaterally.

05:37Multilaterally, you have taken what you have taken from IMF.

05:39So, the problem is the current account.

05:41If your current account bursts,

05:43then it bursts for two reasons.

05:45One is that your domestic growth is happening.

05:47Okay?

05:49If it is consumption led, then it is a different thing.

05:51Otherwise, the current account deficit sometimes is good.

05:53If you are making investments.

05:55Mr. Khan, didn't you say this at that time?

05:57This is also today.

05:59Mr. Miftah,

06:01whatever you respond to this,

06:03my last question is related to remittances.

06:05You have to tell me in that.

06:07But whatever you are saying,

06:09give me a chance.

06:11Okay.

06:13Mr. Miftah.

06:15My request is that

06:17in every matter,

06:19there are a lot of numbers in the economy.

06:21In every matter,

06:23you can find a good thing

06:25or a bad thing.

06:27Now,

06:29obviously, the stock market has gone up.

06:31It is better.

06:33There is no doubt about it.

06:35The 1.5 lakh people who work in the stock market,

06:37it is better for them.

06:39Muzammil also used to work at one time.

06:41But the Pakistanis,

06:43the 23 crore,

06:4598 lakh, 50 thousand Pakistanis,

06:47they have not been affected yet.

06:49May Allah make the economy work.

06:51What the Muslim League should do

06:53is basically,

06:55it is their government

06:57to do some reforms.

06:59Seriously, there are some serious mistakes.

07:01No one has ever done anything externally.

07:03When Shahbaz Sahib went to China last time,

07:05he said, put a train for us.

07:07Oh brother, you don't have money to eat poison,

07:09you don't have dollars,

07:11if you bring a train,

07:13who will pay 7 billion?

07:15So, work with a little understanding.

07:17Don't look at everything as politics.

07:19But seriously, I think

07:21we will have to leave these internal fights.

07:23Ali bhai is liking everything.

07:25Let's realize the fact that Pakistan

07:27is stuck in a very wrong place.

07:29Muzammil bhai, the last question is

07:31about remittances.

07:33You have said that remittances should be stopped.

07:35Along with that,

07:37in your opinion,

07:392025 will be better than 2024 economically.

07:41Remittances have increased by 33%.

07:43Even now,

07:45despite the increase of 33%,

07:47the number of remittances in 2022

07:49will come close to that.

07:51In 2022-2024,

07:5318 lakh people have left the country.

07:55So, these increased remittances

07:57are not some

07:59great achievement.

08:01People have left the country.

08:03And obviously,

08:05they have to send money home.

08:07Let me tell you about 2025.

08:09In 2025,

08:11the fiscal year,

08:13our growth this year,

08:15the trends we are seeing,

08:17will not be more than 1.5%-2%.

08:19This means that unemployment,

08:21productivity growth,

08:23and poverty

08:25in the country

08:27will continue to increase.

08:29And it will be the same

08:31as it was in 2024.

08:33You can say that

08:35this is the current account.

08:37That is a different question.

08:39I am talking about a common man.

08:41Just like it was painful in 2024,

08:43even in 2025,

08:45I don't see any top gear.

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