The Chaudhry Nazar Muhammad Department of Economics, in collaboration with the Mahbub Ul Haq Research Centre, organised a talk, 'The Urgency of Economic Reforms' with Dr. Miftah Ismail, Former Federal Minister of Finance and Revenue. The session was moderated by Dr. Ali Hasanain, Associate Professor of Economics at the Mushtaq Ahmad Gurmani School of Humanities and Social Sciences.
0:00 - Introduction
1:54 - Crisis in 2022
11:33 - Why replace Reza Baqir?
14:37 Import controls and reducing forex reserves
20:32 - Structural issues
26:19 - Barriers to fixing structural issues
28:47 - Fixing taxes: just a matter of political will?
36:00 - Is Pakistan under-taxed?
39:13 - The extent of stagnation
43:07 - His 2016 Auto Policy: Making liberalization harder?
47:18 - PMLN's track record on fiscal prudence
51:22 - Why doesn't PMLN ever pursue reforms?
55:33 - How do we create a better political party?
59:53 - Building reform coalitions
1:05:20 - Creating political awareness for reforms
1:11:05 - Questions & Answers
