Syed Sitwat Rizvi

neXt level!!

All views expressed are my own.

[Syed Sitwat Rizvi @sitwat84]

@CMShehbaz پاکستان زندہ باد ❤️

[Syed Sitwat Rizvi @sitwat84]

نَصْرٌ مِّن اللَّهِ وَفَتْحٌ قَرِيبٌ

[Parul Gautam @Parul_Gautam7]

AI just killed PowerPoint.

No more endless hours creating PPT.

Here are 12 websites to create presentations with AI in seconds:

[Syed Sitwat Rizvi @sitwat84]

Interesting

[Reuters @Reuters]

Microsoft revamps AI Copilot with new voice, reasoning capabilities https://t.co/zsax0J0Odd

[Syed Sitwat Rizvi @sitwat84]

@rebootdude Deep end of the pool approach seems more exciting and will benefit in future.. through this you will be building students' capacity to tackle difficulty..

[Syed Sitwat Rizvi @sitwat84]

I'll be attending the amazing National Science Technology and Innovation (NSTI) Festival 2024. Let me know if you're planning to attend so that we can say Hi! 👋
Or register now and join me at the event! https://t.co/LPFi824gh0

via #Whova event app https://t.co/LPFi824gh0

[Jawwad Farid @rebootdude]

I will no longer work with any entity, department or representative of a state, client or fund that approves, supports or funds the ongoing genocide and slaughter of innocent Palestinian civilians and children.

There. It is done.

What are you going to do. Silence is complicity

[Syed Sitwat Rizvi @sitwat84]

Now you can invest in Islamic Saving Account (SARWA) and Islamic Term Account (SITA) using National Savings Mobile App.

[National Savings @savingsgovpk]

National Savings Mobile App: A Step into new ERA

[Syed Sitwat Rizvi @sitwat84]

Totally agreed.. definition of humanity varies with color of skin..

[Jawwad Farid @rebootdude]

Every single day I clean up my time lines and people I follow.

Silence, racism, entitlement, hatred and absence of feeling or humanity for lives not white are duly noted.

There is nothing I could learn, no interaction or engagement I would want from your damaged souls.

[Syed Sitwat Rizvi @sitwat84]

Shall we protect the civilians in Gaza and fulfill our humanitarian responsibilities?
14 countries said NO, and 45 countries opted for a NEUTRAL response
Another dark stain has been added to the history of humanity. We didn’t see just one Israel, but perhaps 59 parrots of Israel.

[Jawwad Farid @rebootdude]

Bookmark and save this for the next time you receive a lecture on how human rights, fair play, equality, morality or justice prevail in the global north.

Take a close look at the absentees.

Stood by and watched in silence because some lives are just not worth saving.

[Syed Sitwat Rizvi @sitwat84]

May Allah bless us with right leadership in Muslim countries.. This silence is crime..

[Jawwad Farid @rebootdude]

All we did was watch in silence.

Not just them.

We.

In silence.

When the Almighty asks me on the day of judgement what did you do?

When they spilled this blood. Where were you?

I watched. In silence.

[Syed Sitwat Rizvi @sitwat84]

WaoOo

[Martin Crowley @AIToolReport]

"My boss thinks I'm an AI genius, (I'm not) it's because I read The AI Tool Report (and they have no idea it exists.)" - AI Tool Report Reader

[Syed Sitwat Rizvi @sitwat84]

Very well explained..

[Jawwad Farid @rebootdude]

SWIFT MT 103. Foreign Currency Wire Transfers.

A single customer credit transfer made on the SWIFT network.

The bane of remittance/ free lancer / tech founder challenge across banking sector in Pakistan. More so for small businesses / founders that receive sub $ 1,000 wires.

[Syed Sitwat Rizvi @sitwat84]

Golden words for success of any organisation.. only if we understand importance of human capital!

[Sardar Abubakr @SardarAbubakr]

Too often the discussion on HR is around what employees need to do.

That’s fair yet focus should also be placed on what WE AS SENIOR LEADERS & ORGANISATIONS need to do to. Thank you HR Metrics for the opportunity.

Do listen in and share your feedback.

#leadership #humancapital #valuecreation #hrbestpractices #digitalpakistan #fintech #digitalbanking

[Syed Sitwat Rizvi @sitwat84]

@FinMinistryPak May Allah SWT accept our efforts and eliminate Riba from Pakistan

[Syed Sitwat Rizvi @sitwat84]

Alhamdolilah

[Hamid Raza Khalid @HamidRazaKhalid]

Shariah Compliant Schemes
Inaugurated by Senator Muhammad Ishaq Dar sb!
@savingsgovpk

[Hamid Raza Khalid @HamidRazaKhalid]

#SahriahCompliant
#NationalSavings
@savingsgovpk

[Hamid Raza Khalid @HamidRazaKhalid]

All praise to Almighty Allah!
ALHAMDULILLAH! CDNS is once again coming up big...

Stay tuned...

@savingsgovpk

[Syed Sitwat Rizvi @sitwat84]

Interesting read..

[Zafar Masud @zafar_masud]

1/

Having been meaning to write for a while to share my thoughts on where our core economic problems emanate from. The popular notion that ‘we’re confronted with a ‘trade deficit challenge’ is perhaps correct, but it’s the symptom; not the cause of our problem.

Current Account Deficit (CAD) is our Achilles heel, but it is driven primarily by “Fiscal Policy”, which basically fuels consumption led growth.

This is a sort of good news, as managing fiscal policy is predominantly in our own hands, barring a couple of moot points, like the basis of targeting inflation through monetary policy. But if we get ready to fix the other components of fiscal policy then we get better handle on inflation targeting through monetary policy as well, in due course.

As the solution to all our problems in our formidable years, this is perhaps the time to press the CTRL ALT DEL button, and review our fiscal policy afresh.

We can no longer sustain for the government to continue to run loss-making SOEs and doling out tax exemptions and subsidies to the rent-seeking elites. Resumption of the IMF program will keep us afloat for the short run. How do we escape the boom & bust cycles that have crippled our economy?

2023 WB report highlights that govt. policies (taxes, subsidies, industrial policies, trade restrictions etc) cause distortions that discourage productivity and lead to concentration of wealth; hence, growth is stunted by inability to allocate scarce resources to productive uses

According to the UN data, the average income of the poorest 10% to the average income of the richest 10% is 6.5%, i.e. 16 times the average for the poorest. We compare poorly to Bangladesh (7.5%), India (8.6% ) and Sri Lanka (11%) with rising inequality of income & resources.

Center of gravity is the unsustainable fiscal policy. Tax collection can no longer service government debt and sustain the government machinery. In the current year, the debt servicing is projected to rise to Rs. 5.5 trillion, which is 72% of the FBR tax collection target.

Solutions are politically difficult to stomach the required reforms. A comprehensive rightsizing of the federal and the provincial governments is needed. Starting point maybe NFC award and 18th Amendment.

WB 2023 report states that Federal government spent Rs. 710bn (1.3% of GDP) on 17 devolved ministries and financing subsidies and development projects that fall under the provincial domain. This overlap of expenditures and responsibilities need to be streamlined.

SOEs losses reportedly have increased to nearly Rs 1 trillion per year, with the power sector the main culprit. No serious effort has been made since 2006 to restructure SOEs and privatize them. However, successful privatization requires strong regulators to foster competition, attract new investment and protect consumers and investors. The starting point to embark upon privatization and an absolute must prerequisites are that the regulators to be strong & independent, and a tailor-made, comprehensive private investor selection framework in-line with each SOE’s, to be put on the block, peculiarities & business needs. This is in the best interest to protect the public value and the economic impact for the very purpose these entities came into being in the first place. With these pre-essentials of privatization in-place, we can immediate offload atleast 8 out of top 10 loss making SOEs - DISCOs, Pakistan Steel and Pakistan Post. The others in the bulge like PIA and NHA could be taken care of through an innovative, out of the box structuring, like “viability gap fund, etc.

The only subsidies that the government should implement are direct subsidies to the poorest households and performance subsidies for targeted industries which will generate export/ FX liquidity.