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"I was extremely saddened to hear it."
"I agree, we must warn The Khan that contrary to what he may have been told, Hafeez Sheikh never ever took the Pakistan economy out of a crisis."
"Hey, Musharraf liked him a lot I hear."
"And Musharraf's capacity to evaluate proposed economic policies and strategies was based on his experience as a commando!"
"Don't be facetious, besides in Pakistan once you are the chief executive, be it through elections or by a decree, you automatically become jack of all trades."
"And master of?"
"Jack and master - and need I add I heard from the horse's mouth that Jack is an economist of great note!"
"Which horse?"
"Good heavens, what a query! Anyway Sheikh was the Privatization Minister during Musharraf's tenure and didn't have the right portfolio to take the economy out of any crisis."
"He had the right portfolio when he was the finance minister during Zardari sahib's tenure and at the time he manipulated inflation data by changing the base year that reduced the food component by 6 percent, and viola! Inflation declined by a whopping 10 to 12 percent in one go..."
"I forgot that, so The Khan must carefully look at any definitional changes from now onwards especially with what matters to him the most - the inflation and unemployment rates (the latter is grossly understated as we do not have labour exchanges) and..."
"Right, anyway when H Sheikh was the minister for finance he failed to convince the PPP leadership to engage in reforms in the power and tax sectors - reforms agreed with the International Monetary Fund by Shaukat Tarin as the finance minister, and need I add the IMF is now insisting on much more stringent and politically challenging reforms in these two sectors in 2019 as opposed to in 2010 and..."
"There is something about Tarin that I like."
"Which Tarin - Shaukat or Jehangir?"
"Both, S Tarin insisted on third party audit of the dicey rental power projects, and Jehangir uses his ATM card appropriately - I mean how many of us use ATMs appropriately?"
"Appropriately?"
"Hey, I heard he ensures that his leader wants for nothing, and it is want that leads to all kinds of illegal behaviour..."
"I wouldn't go there, that's hearsay besides I disagree - it's not only want but one's character that compel us to use illegal ways to make money. And as you and I both know character does not change even if one has so much money that it can't be spent in over five life times."
"Why five? Why not four or six or seven or eight?"
"Really that's what you want to focus on?"
"You really don't know the extent of wealth..."
"No I don't, but anyway when I said I was extremely saddened I was referring to the bomb blasts in Sri Lanka..."
"Extremely distressing I agree."

Copyright Business Recorder, 2019

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