"Stock market ke barhne se awaam ka hukoomat par aitmaad zahir hota hai." Ali Pervaiz Malik
Category
🗞
NewsTranscript
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%
00:3485%
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.