Thought Behind Things 357 | Is Pakistan's Economy Doomed? Ft. Junaid Iqbal
Aug 18, 2023
Junaid Iqbal, Ex-MD Careem Pakistan, shares valuable insights into the Pakistani economy. Topics include academic performance, challenges of conducting research, and the need for economic reform. They also discuss employment, national failure, and the role of education and healthcare in Pakistan's economy. The speaker explores the potential of a new global financial order and the future of Bitcoin.
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Early Research Challenges
- Junaid Iqbal used limited data and subscription software to conduct company research early in his media career.
- He learned to produce insightful economic analysis despite scarce electronic data resources in Pakistan.
Pakistan's Financial Weakness
- Pakistan's economy suffers from poor financial service access and badly run banks.
- Business awareness and trustworthy institutions are critical to reviving the economy.
Tax Reforms Needed
- Simplify and broaden tax collection to increase government revenue.
- Reduce untaxed sectors and rationalize government size for fiscal health.