Pakistan’s economy is known for its volatile ‘boom-and-bust’ framework. When it experiences bouts of growth and stability, trade and industrialisation imbalances force it two steps backwards, trapping it in a cycle that relies on imports to sustain Pakistan in an increasingly polarising and unpredictable global context. In this episode, Usman Khan and Hamid Yaqoob Sheikh talk about trade solutions ranging from tariff reforms, non-tariffs and locally-based solutions, export-oriented growth, and diversification of the textile industry. They discuss how Pakistan’s industrialisation should be supported by Governmental bodies and relevant stakeholders to ensure its long-term economic security and success.
Usman Khan started his professional career in banking and investment consulting in London, UK. He advised large institutional clients on financial matters including financial strategy, asset allocation, manager selection and corporate governance. He headed the Development Policy Research Centre (DPRC) at LUMS for two years, where he was also a Lecturer. He is currently the Investment lead for FCDO’s ReMIT programme.
Hamid Yaqoob Sheikh is currently the heading the FCDO funded programme aiming to enhance government’s revenues, improve investment climate, REMIT. He served at the Government of the Punjab as Secretary Finance. Previously, he has served as Secretary Livestock Punjab, Special Secretary Finance Department, Punjab, Chief Economist, Planning & Development Department, Punjab. Mr. Hamed Yaqoob Sheikh also led the DIFD funded policy and governance program titled Sub National Governance Program (SNG).