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www. NaeemSikandarPodcast/
In this podcast video episode, we delve into the Pakistani economy and its structure with Dr. ‪@Taimur_Laal‬ an economist, and professor at the Lahore University of Management Sciences (LUMS), The episode starts with a brief summary of the conversation, followed by Dr. Rahman's experience with remuneration at LUMS and his decision to reside in Pakistan despite better opportunities abroad. Dr. Taimure Rahman shares his passion for economics and political science and how he believes diversification of the economy can lead to its growth. He also discusses his interest in music and teaching as a second nature and the differences between professors and teachers.
The conversation moves on to the use of research/journals versus the internet and Dr. Rahman's family background. He then talks about life goals, means, and money, and the importance of basic needs and quality of life. The focus of the conversation then shifts toward capitalism and its elite class. Dr. Rahman explains how the capitalist structure of the economy leads to poverty and economic destruction. He talks about trade deficits, international trade, tariffs, and the structure of the International Monetary Fund (IMF).
Dr. Rahman shares his thoughts on international loans from the World Bank and the IMF and the debt crisis. He suggests measures to be free of the IMF shackles and talks about the development of the cotton industry and deceit by Independent Power Producers (IPPs). The podcast episode concludes with Dr. Rahman's view that the economy won't improve the current way, and people must protest against inflation. He also explains how protests can impact the IMF. The episode ends with a thank you note and Dr. Rahman's contact details.
00:00 Summary of the Conversation with Dr. Taimur Rahman
2:13 Remuneration at LUMS
2:50 Decision to reside in Pakistan
4:37 Interest in Economics and Political Science
7:22 Diversification of the economy
9:37 Passion and career
11:57 Music and teaching as a second nature
14:14 Professors vs teachers
17:37 Researches/journals or Internet?
22:02 Dr. Taimur's family background
24:02 Life goals, means, and money
26:50 Basic needs and quality of life
28:38 Poverty is due to the capitalist structure of the economy
31:13 What is capitalism? And its Elite class
34:55 Our economic destruction due to global capitalism
38:30 Trade deficit and international trade
44:00 Tariffs in the past and now
49:50 Structure of IMF
54:18 International loans from World Bank vs IMF
59:35 Debt crisis and strategy to come out of it
1:02:35 Suggested measures to be free of the IMF shackles
1:07:28 Cotton industry and its development
1:09:00 Deceit by IPPs
1:11:55 Economy won't improve the current way
1:15:40 People must protest against inflation
1:19:15 How can protest impact IMF?
1:21:19 Thank you note and contact details of Dr. Taimur Rahman
Connect With Dr. ‪@Taimur_Laal‬
Insta: / taimur_laal
Linkedin: linkedin.com/in/dr-taimur-rahman-a062852a
KZfaq English: ‪@TaimurRahman-English‬
Follow us on the following Podcast Platforms:
* Spotify: spoti.fi/3aPdIE3
* Google Podcast: bit.ly/392pbje
* Apple Podcast: apple.co/3mt7Cfa