- 2 years ago
#Khabar #PakistanEconomy #FinanaceMinister #MuhammadAurangzeb
Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY
Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP
ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.
Official Facebook: https://www.fb.com/arynewsasia
Official Twitter: https://www.twitter.com/arynewsofficial
Official Instagram: https://instagram.com/arynewstv
Website: https://arynews.tv
Watch ARY NEWS LIVE: http://live.arynews.tv
Listen Live: http://live.arynews.tv/audio
Listen Top of the hour Headlines, Bulletins & Programs: https://soundcloud.com/arynewsofficial
#ARYNews
ARY News Official YouTube Channel.
For more videos, subscribe to our channel and for suggestions please use the comment section.
Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY
Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP
ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.
Official Facebook: https://www.fb.com/arynewsasia
Official Twitter: https://www.twitter.com/arynewsofficial
Official Instagram: https://instagram.com/arynewstv
Website: https://arynews.tv
Watch ARY NEWS LIVE: http://live.arynews.tv
Listen Live: http://live.arynews.tv/audio
Listen Top of the hour Headlines, Bulletins & Programs: https://soundcloud.com/arynewsofficial
#ARYNews
ARY News Official YouTube Channel.
For more videos, subscribe to our channel and for suggestions please use the comment section.
Category
🗞
NewsTranscript
00:00 [AUDIO OUT]
00:12 [NON-ENGLISH SPEECH]
00:13 [NON-ENGLISH SPEECH]
00:37 [NON-ENGLISH SPEECH]
00:46 Which is right ahead.
00:47 [NON-ENGLISH SPEECH]
01:06 To begin with, [NON-ENGLISH SPEECH]
01:11 [NON-ENGLISH SPEECH]
01:14 And I said on behalf of the government of Pakistan,
01:17 [NON-ENGLISH SPEECH]
01:22 SBA is coming to an end in April, right?
01:25 In the first instance, we have to tell them
01:27 we want to go into an extended program, which
01:30 is larger and longer in tenure.
01:32 [NON-ENGLISH SPEECH]
01:39 In the first instance, [NON-ENGLISH SPEECH]
01:43 Right?
01:44 [NON-ENGLISH SPEECH]
01:45 Enforcement [NON-ENGLISH SPEECH]
01:47 [NON-ENGLISH SPEECH]
01:49 [NON-ENGLISH SPEECH]
01:52 [NON-ENGLISH SPEECH]
01:54 [NON-ENGLISH SPEECH]
01:56 Well on track to get that target, which is roughly 9.4
02:00 trillion rupees top line, [NON-ENGLISH SPEECH]
02:08 to roughly 3 trillion [NON-ENGLISH SPEECH]
02:11 Can you imagine?
02:13 [NON-ENGLISH SPEECH]
02:21 [NON-ENGLISH SPEECH]
02:43 Even before coming to the state-owned enterprises,
02:45 [NON-ENGLISH SPEECH]
02:50 [NON-ENGLISH SPEECH]
02:55 [NON-ENGLISH SPEECH]
02:58 So this is something which the prime minister is leading
03:01 himself.
03:01 [NON-ENGLISH SPEECH]
03:09 Right?
03:10 [NON-ENGLISH SPEECH]
03:11 One way of doing about--
03:12 going about it is [NON-ENGLISH SPEECH]
03:20 Do we really need [NON-ENGLISH SPEECH]
03:26 Do we need full-fledged ministries
03:28 at the federal level?
03:30 Or do we still-- or we just require coordination?
03:33 [NON-ENGLISH SPEECH]
03:37 Again, full-fledged ministries.
03:38 So that's one way of looking at it.
03:40 This is prime minister himself leading it.
03:42 And I think sooner than later--
03:44 [NON-ENGLISH SPEECH]
03:47 I think in weeks, you'll hear not only discussion,
03:52 but decision by the prime minister on this side.
03:54 And it's very important to mention--
03:55 [NON-ENGLISH SPEECH]
03:57 It's important you mention this, because [NON-ENGLISH SPEECH]
03:59 [NON-ENGLISH SPEECH]
04:07 [NON-ENGLISH SPEECH]
04:10 [NON-ENGLISH SPEECH]
04:13 [NON-ENGLISH SPEECH]
04:15 Which is the PSDP.
04:16 Yes.
04:17 [NON-ENGLISH SPEECH]
04:21 Does this country still require infrastructure?
04:24 The answer is yes.
04:25 Does that all infrastructure has to be funded by the government?
04:28 The answer is no.
04:29 [NON-ENGLISH SPEECH]
04:39 [NON-ENGLISH SPEECH]
04:43 [NON-ENGLISH SPEECH]
04:46 Example of how they have gone into the model in terms
04:50 of the PPP infrastructure.
04:53 [NON-ENGLISH SPEECH]
04:55 So it's a very good model.
04:57 [NON-ENGLISH SPEECH]
04:58 You know, this is a discussion.
05:05 [NON-ENGLISH SPEECH]
05:08 We have to look at it from an enterprise perspective.
05:11 [NON-ENGLISH SPEECH]
05:13 [NON-ENGLISH SPEECH]
05:22 And you say, the whole is actually
05:26 on that side of the board.
05:28 If the whole board is sinking--
05:30 [NON-ENGLISH SPEECH]
05:31 Of course, [NON-ENGLISH SPEECH]
05:35 [NON-ENGLISH SPEECH]
05:36 [NON-ENGLISH SPEECH]
05:37 [NON-ENGLISH SPEECH]
05:40 [NON-ENGLISH SPEECH]
05:41 [NON-ENGLISH SPEECH]
05:43 [NON-ENGLISH SPEECH]
06:12 You're right.
06:13 It has to be everybody on board.
06:14 But what is your take on it?
06:18 [NON-ENGLISH SPEECH]
06:19 We have to start moving in that direction.
06:34 And there are workarounds--
06:35 [NON-ENGLISH SPEECH]
06:37 [NON-ENGLISH SPEECH]
06:38 And they all reiterated that they
06:46 are going to work as a team along
06:48 with the federal government.
06:49 Because [NON-ENGLISH SPEECH]
06:50 Unless we--
06:58 [NON-ENGLISH SPEECH]
07:00 You know, whole of the government.
07:04 [NON-ENGLISH SPEECH]
07:06 [NON-ENGLISH SPEECH]
07:12 And I respect that.
07:17 [NON-ENGLISH SPEECH]
07:18 It's constitutional amendment.
07:19 You have to get everybody on board.
07:20 [NON-ENGLISH SPEECH]
07:22 Can be done step by step.
07:30 [NON-ENGLISH SPEECH]
07:31 So I wanted to know that that will is there.
07:34 [NON-ENGLISH SPEECH]
07:35 Not only the will, we have to--
07:40 [NON-ENGLISH SPEECH]
07:41 Our hand has been forced.
07:42 We have to move in that direction.
07:44 [NON-ENGLISH SPEECH]
07:45 We can start phasing in these discussions.
07:47 Yes.
07:48 [NON-ENGLISH SPEECH]
07:49 So balance [NON-ENGLISH SPEECH]
07:53 [NON-ENGLISH SPEECH]
07:56 Public finance improvement [NON-ENGLISH SPEECH]
08:00 Wholesale, retail, constitutional construction
08:03 sector [NON-ENGLISH SPEECH]
08:04 [NON-ENGLISH SPEECH]
08:05 [NON-ENGLISH SPEECH]
08:07 [NON-ENGLISH SPEECH]
08:08 [NON-ENGLISH SPEECH]
08:09 [NON-ENGLISH SPEECH]
08:10 [NON-ENGLISH SPEECH]
08:11 [NON-ENGLISH SPEECH]
08:35 As I mentioned, once again, I come back.
08:39 [NON-ENGLISH SPEECH]
08:40 The what and why part of it, right?
08:44 [NON-ENGLISH SPEECH]
08:45 The second thing is [NON-ENGLISH SPEECH]
08:52 But is that a structural fix?
09:04 No, it's not a structural fix.
09:06 [NON-ENGLISH SPEECH]
09:07 Which are contributing 20% of the GDP,
09:15 and they're contributing 1% of the direct tax.
09:19 This is not sustainable.
09:20 So again, it's [NON-ENGLISH SPEECH]
09:22 No, this is our need.
09:30 And we have to start moving in that direction.
09:33 [NON-ENGLISH SPEECH]
09:34 [NON-ENGLISH SPEECH]
09:41 [NON-ENGLISH SPEECH]
09:53 [NON-ENGLISH SPEECH]
09:54 As we move further towards the budget discussion,
10:07 inshallah, we'll work on all of these.
10:11 You're not clear on the salary class [NON-ENGLISH SPEECH]
10:14 either right now?
10:15 [NON-ENGLISH SPEECH]
10:19 [NON-ENGLISH SPEECH]
10:21 [NON-ENGLISH SPEECH]
10:35 Reality is I've been there.
10:38 So [NON-ENGLISH SPEECH]
10:39 These are all elements which I've been on the receiving end.
10:55 [NON-ENGLISH SPEECH]
10:57 [NON-ENGLISH SPEECH]
10:59 [NON-ENGLISH SPEECH]
11:00 [NON-ENGLISH SPEECH]
11:01 [NON-ENGLISH SPEECH]
11:03 [NON-ENGLISH SPEECH]
11:05 The fact of the matter is [NON-ENGLISH SPEECH]
11:07 backlash [NON-ENGLISH SPEECH]
11:08 [NON-ENGLISH SPEECH]
11:09 [NON-ENGLISH SPEECH]
11:29 [NON-ENGLISH SPEECH]
11:30 [NON-ENGLISH SPEECH]
11:40 And quite frankly, this is the need of the hour, right?
11:50 It's always as--
11:51 [NON-ENGLISH SPEECH]
11:52 [NON-ENGLISH SPEECH]
11:55 [NON-ENGLISH SPEECH]
11:56 [NON-ENGLISH SPEECH]
12:04 [NON-ENGLISH SPEECH]
12:09 [NON-ENGLISH SPEECH]
12:12 You are the finance minister of this country,
12:23 but you are in the cabinet of PMLN.
12:26 [NON-ENGLISH SPEECH]
12:27 [NON-ENGLISH SPEECH]
12:36 Did you lay this as a condition?
12:44 [NON-ENGLISH SPEECH]
12:52 And you need a free hand.
12:53 [NON-ENGLISH SPEECH]
12:54 [NON-ENGLISH SPEECH]
12:57 Stay with us.
13:01 [MUSIC PLAYING]
13:02 [NON-ENGLISH SPEECH]
13:08 [NON-ENGLISH SPEECH]
13:34 As long as the IMF is there as the backstop--
13:39 [NON-ENGLISH SPEECH]
13:40 These are regular things.
13:49 [NON-ENGLISH SPEECH]
13:50 We move on in life.
13:52 [NON-ENGLISH SPEECH]
13:53 They used to give us-- and that was all trade-related financing.
14:03 Right?
14:05 [NON-ENGLISH SPEECH]
14:06 Because of our credit rating, et cetera.
14:20 [NON-ENGLISH SPEECH]
14:21 Which will, again, help us around our balance of payment position.
14:31 Absolutely.
14:32 [NON-ENGLISH SPEECH]
14:33 They are autonomous.
14:44 So I have to respect between the exchange rate and the policy
14:48 rate.
14:49 That's their domain.
14:50 [NON-ENGLISH SPEECH]
14:51 During the course of this year, we
14:56 will start seeing the policy rate coming down.
14:58 [NON-ENGLISH SPEECH]
15:00 Even 1% difference--
15:02 [NON-ENGLISH SPEECH]
15:03 --in terms of the debt services.
15:05 [NON-ENGLISH SPEECH]
15:06 And being a banker, [NON-ENGLISH SPEECH]
15:21 [NON-ENGLISH SPEECH]
15:26 [NON-ENGLISH SPEECH]
15:27 We don't need to go in that direction.
15:34 [NON-ENGLISH SPEECH]
15:35 Your debt servicing became such a large component
15:48 of the revenue base.
15:50 [NON-ENGLISH SPEECH]
15:53 Before we start talking about debt re-profiling and haircuts,
15:56 et cetera--
15:57 [NON-ENGLISH SPEECH]
15:58 We have to increase our revenues.
16:03 We have to reduce our expenditures.
16:05 [NON-ENGLISH SPEECH]
16:06 And here, as Minister of Finance, [NON-ENGLISH SPEECH]
16:13 Then we are doing band-aids.
16:18 [NON-ENGLISH SPEECH]
16:20 [NON-ENGLISH SPEECH]
16:21 Right now, you don't feel there is a need to address this.
16:30 Absolutely.
16:31 OK.
16:32 If we get our fiscal equation right, and I have no--
16:35 [NON-ENGLISH SPEECH]
16:36 [NON-ENGLISH SPEECH]
16:47 We probably need to do a lot of these things simultaneously.
16:49 A lot of people feel that.
16:52 [NON-ENGLISH SPEECH]
16:53 --if not more, is coming back to the treasury.
17:05 [NON-ENGLISH SPEECH]
17:06 I think, as I said, we have to--
17:13 [NON-ENGLISH SPEECH]
17:14 --we have to go back to fixing--
17:17 The basics.
17:18 [NON-ENGLISH SPEECH]
17:19 Why won't you go into a 25th program?
17:27 [NON-ENGLISH SPEECH]
17:28 [NON-ENGLISH SPEECH]
17:34 [NON-ENGLISH SPEECH]
17:42 [NON-ENGLISH SPEECH]
17:43 And I'm getting to--
17:45 [NON-ENGLISH SPEECH]
17:46 But inshallah, we will now see PIA privatization
18:02 through the finishing line.
18:04 [NON-ENGLISH SPEECH]
18:06 [NON-ENGLISH SPEECH]
18:07 He's moving at a lot of speed.
18:21 Both the Aviation Ministry and Ministry of Finance
18:24 are supporting this effort in a very big way.
18:27 Because--
18:28 [NON-ENGLISH SPEECH]
18:29 --that is the point.
18:30 [NON-ENGLISH SPEECH]
18:32 Right?
18:33 [NON-ENGLISH SPEECH]
18:34 Both Khwaja Asif Sahib and myself,
18:41 we will have to step up and our colleagues in our ministries
18:44 will have to step up.
18:45 We deliver him what we need to deliver for the timelines
18:49 to be met by Alim Khan Sahib to privatize PIA.
18:52 [NON-ENGLISH SPEECH]
18:54 [NON-ENGLISH SPEECH]
18:55 It's not a matter of choice.
19:02 [NON-ENGLISH SPEECH]
19:03 --to actually then go into and help the vulnerable segments
19:19 of the--
19:20 [NON-ENGLISH SPEECH]
19:22 --June [NON-ENGLISH SPEECH]
19:23 [NON-ENGLISH SPEECH]
19:36 I think he'll be in a better position to opine on this.
19:46 But we are very clear--
19:48 [NON-ENGLISH SPEECH]
19:49 --management outsourcing--
19:55 [NON-ENGLISH SPEECH]
19:56 --towards privatization.
19:58 [NON-ENGLISH SPEECH]
19:59 [NON-ENGLISH SPEECH]
20:06 With all due respect, you're sounding like such a gentleman
20:16 here.
20:17 [NON-ENGLISH SPEECH]
20:18 But we probably want that kind of a push from you.
20:20 [NON-ENGLISH SPEECH]
20:21 [NON-ENGLISH SPEECH]
20:28 It needs that push, sir.
20:42 [NON-ENGLISH SPEECH]
20:44 [NON-ENGLISH SPEECH]
20:45 The resolve is now very clear.
20:54 It's coming directly from the prime minister.
20:56 [NON-ENGLISH SPEECH]
20:57 And who's delivering what at what point in time.
21:08 [NON-ENGLISH SPEECH]
21:11 I think it's going to move in the right direction.
21:14 [NON-ENGLISH SPEECH]
21:15 Whatever I heard and have seen, there is considerable interest.
21:24 [NON-ENGLISH SPEECH]
21:25 It will be a good precedent to set.
21:36 [NON-ENGLISH SPEECH]
21:38 [NON-ENGLISH SPEECH]
21:39 Absolutely.
21:45 [NON-ENGLISH SPEECH]
21:46 I mean, you should be running with this right now.
21:52 [NON-ENGLISH SPEECH]
21:53 [NON-ENGLISH SPEECH]
22:02 Growth economy, heat up, [INAUDIBLE] deficit.
22:05 [NON-ENGLISH SPEECH]
22:06 I think, Mehri, [NON-ENGLISH SPEECH]
22:17 Because, you know, [NON-ENGLISH SPEECH]
22:19 And it's generally correct.
22:25 [NON-ENGLISH SPEECH]
22:30 And then post stabilization is the growth phase.
22:33 [NON-ENGLISH SPEECH]
22:34 Which is generally correct.
22:39 [NON-ENGLISH SPEECH]
22:41 [NON-ENGLISH SPEECH]
22:42 Right?
23:02 It's not a small number in the agriculture economy.
23:05 And when we talk about the agriculture economy,
23:08 it's not just the crops.
23:10 [NON-ENGLISH SPEECH]
23:11 It's a high double-digit number, year-on-year growth.
23:20 [NON-ENGLISH SPEECH]
23:21 It's all linked with the value chain in the agriculture
23:26 economy.
23:27 [NON-ENGLISH SPEECH]
23:29 What stops us?
23:31 [NON-ENGLISH SPEECH]
23:32 Dairy and livestock, which is more than 50% of country's
23:41 agriculture GDP.
23:42 [NON-ENGLISH SPEECH]
23:43 So can this be a lever of growth during the IMF program?
23:52 Absolutely.
23:53 [NON-ENGLISH SPEECH]
23:55 Digital journey.
23:56 [NON-ENGLISH SPEECH]
23:57 Because in the last two to three years,
24:22 we've seen a huge change.
24:24 [NON-ENGLISH SPEECH]
24:25 Now, what stops us?
24:38 [NON-ENGLISH SPEECH]
24:39 The second largest freelancer population in the world,
24:42 the fourth largest overall tech population--
24:45 [NON-ENGLISH SPEECH]
24:46 All we have to do is to ensure that we provide an enabling
25:02 environment--
25:03 [NON-ENGLISH SPEECH]
25:05 --government [NON-ENGLISH SPEECH]
25:07 Agriculture and IT can be our real levers of growth.
25:32 [NON-ENGLISH SPEECH]
25:33 By the time we get done with the budget,
25:39 hopefully I'll be able to at least predict--
25:41 [NON-ENGLISH SPEECH]
25:42 I said you're too much of a gentleman.
25:44 You need to push, sir.
25:45 I was also being a lady.
25:46 [NON-ENGLISH SPEECH]
25:47 [NON-ENGLISH SPEECH]
25:48 Stay with us.
26:12 [MUSIC PLAYING]
26:16 [NON-ENGLISH SPEECH]
26:17 We have to look at the SIFC platform in a much bigger way,
26:29 right?
26:30 Not just one project or one pipeline.
26:35 This is all about creating bankable projects--
26:38 [NON-ENGLISH SPEECH]
26:39 --not only to the foreign direct investment--
26:43 [NON-ENGLISH SPEECH]
26:46 --investment and facilitation.
26:51 [NON-ENGLISH SPEECH]
26:52 As I said, I'm sort of new in the job.
26:58 [NON-ENGLISH SPEECH]
26:59 --because the bottlenecks--
27:07 [NON-ENGLISH SPEECH]
27:08 --not only foreign investor, but the domestic investor--
27:12 [NON-ENGLISH SPEECH]
27:13 [NON-ENGLISH SPEECH]
27:22 [NON-ENGLISH SPEECH]
27:23 I mean, how are you going to balance this?
27:50 [NON-ENGLISH SPEECH]
27:51 US is a very important trading partner,
27:58 and we respect them for that.
28:01 [NON-ENGLISH SPEECH]
28:02 From China, it's a longstanding partner.
28:11 The whole CPEC phase two, we have been very clear.
28:14 Prime Minister has been very clear that we are moving forward.
28:17 Inshallah, we CPEC phase two.
28:19 [NON-ENGLISH SPEECH]
28:20 Monetization of the infrastructure.
28:22 [NON-ENGLISH SPEECH]
28:23 As far as I'm concerned, it's an and-and.
28:35 It's an and-and.
28:36 [NON-ENGLISH SPEECH]
28:37 We have seen many in the past as well.
28:42 I hope this turns out differently.
28:44 [NON-ENGLISH SPEECH]
28:46 [NON-ENGLISH SPEECH]
28:47 It's an important project.
28:56 It's very important.
28:57 It's supported by SIFC.
28:58 Yeah.
28:59 It's a very important project.
29:00 [NON-ENGLISH SPEECH]
29:01 Once this is there--
29:03 [NON-ENGLISH SPEECH]
29:04 Agriculture and mining are two areas
29:09 where medium to long term is a huge upside for Pakistan.
29:13 So the success of this project is going to be absolutely critical.
29:16 And so it was actually a thought [NON-ENGLISH SPEECH]
29:18 Have you worked in close coordination with him yet at all?
29:30 [NON-ENGLISH SPEECH]
29:31 [NON-ENGLISH SPEECH]
29:36 [NON-ENGLISH SPEECH]
29:37 I think he's on a foreign trip to Brussels at the moment.
29:48 [NON-ENGLISH SPEECH]
29:49 Economic diplomacy is a very critical part of how we have to--
30:01 Absolutely.
30:02 Which is why you two gentlemen need to sit together.
30:04 Right?
30:05 How we have to navigate things forward.
30:06 Absolutely.
30:07 [NON-ENGLISH SPEECH]
30:08 We are very well aligned.
30:11 We have to work together.
30:13 If we can't work together, the whole of the government--
30:17 [NON-ENGLISH SPEECH]
30:18 [NON-ENGLISH SPEECH]
30:22 Cabinet ministers have to absolutely not only talk to each other,
30:26 but work with each other very, very closely.
30:28 So why do you think I asked you that question, sir?
30:30 There was no pun intended.
30:31 [NON-ENGLISH SPEECH]
30:32 You two gentlemen need to be sitting in one room more often than not.
30:36 IMF press release made demand [NON-ENGLISH SPEECH]
30:38 What does that mean exactly, sir?
30:44 [NON-ENGLISH SPEECH]
30:45 [NON-ENGLISH SPEECH]
30:50 [NON-ENGLISH SPEECH]
30:56 [NON-ENGLISH SPEECH]
30:57 When the-- through the administrative measures or [NON-ENGLISH SPEECH]
31:13 When the administration came down hard on it.
31:19 But at the same time, [NON-ENGLISH SPEECH]
31:22 [NON-ENGLISH SPEECH]
31:23 But then I have to give full credit to the state bank.
31:33 [NON-ENGLISH SPEECH]
31:34 They have started moving in that direction.
31:38 [NON-ENGLISH SPEECH]
31:39 [NON-ENGLISH SPEECH]
31:44 [NON-ENGLISH SPEECH]
31:50 [NON-ENGLISH SPEECH]
31:51 Now, to me, that is a structural step.
31:56 [NON-ENGLISH SPEECH]
31:57 Going back to--
32:06 [NON-ENGLISH SPEECH]
32:08 [NON-ENGLISH SPEECH]
32:09 And this is end-to-end digitization.
32:31 [NON-ENGLISH SPEECH]
32:33 [NON-ENGLISH SPEECH]
32:34 [NON-ENGLISH SPEECH]
32:41 OK.
32:42 End-to-end digitization.
32:43 [NON-ENGLISH SPEECH]
32:44 This is going to be end-to-end digitization of FBI.
32:53 [NON-ENGLISH SPEECH]
32:54 [NON-ENGLISH SPEECH]
32:55 [NON-ENGLISH SPEECH]
33:11 My personal view is it's a good proposal.
33:18 [NON-ENGLISH SPEECH]
33:20 [NON-ENGLISH SPEECH]
33:21 Both in terms of FBI restructuring and digitization.
33:29 [NON-ENGLISH SPEECH]
33:30 [NON-ENGLISH SPEECH]
33:38 And God forbid, [NON-ENGLISH SPEECH]
33:43 What are we looking at economically,
33:46 in terms of the consequences?
33:47 [NON-ENGLISH SPEECH]
33:49 People can make their statements,
33:51 and they can have different views.
33:53 They have the prerogative of having those views.
33:56 I don't agree with those views.
33:58 [NON-ENGLISH SPEECH]
33:59 That is our focus, and we have to be laser-focused on that,
34:05 not get distracted by these statements.
34:07 OK, and last question, [NON-ENGLISH SPEECH]
34:16 You were a banker.
34:17 You were economically, of course, on top of your game.
34:21 [NON-ENGLISH SPEECH]
34:22 [NON-ENGLISH SPEECH]
34:27 There is no plan B.
34:38 [NON-ENGLISH SPEECH]
34:40 Lender of the last resort.
34:41 [NON-ENGLISH SPEECH]
34:42 Then we should execute plan B.
34:48 [NON-ENGLISH SPEECH]
34:49 So we were at the brink of default in 2022?
35:01 We should not compare ourselves to other countries.
35:05 This is a country of 240 million plus people.
35:08 It's a nuclear state.
35:09 Were we at a brink of default?
35:11 [NON-ENGLISH SPEECH]
35:12 [NON-ENGLISH SPEECH]
35:19 If you suddenly take the IMF umbrella out,
35:35 and all of these liabilities become payable right away, then yes.
35:41 Very well indeed, sir.
35:42 I think that people who don't see you as a politician,
35:45 you'll soon be one of the giants among politicians.
35:48 Very diplomatic and clever at answering questions.
35:50 [NON-ENGLISH SPEECH]
35:51 I wish you the best of luck.
35:53 I hope we see positive results in the weeks and months to come.
35:56 [NON-ENGLISH SPEECH]
35:58 [NON-ENGLISH SPEECH]
35:59 (dramatic music)
36:02 (whooshing)
Comments