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Thu, Jun 25, 2020

Can Pakistan handle the double crisis of COVID-19 and a struggling economy?

While critics argue that the 2020-2021 budget released by Prime Minister Imran Khan’s administration will result in a greater deficit and allocates excessive funding to the defense sector, supporters have defended the budget and praised its introduction of the rationalization of custom duties as well as the advance ruling system, which would ease trade and minimize costs associated with cross border trade—a domain that Pakistan has historically struggled to contend in.

New Atlanticist by South Asia Center

Economy & Business Pakistan

Sofyan Yusufi is a senior advisor at the South Asia Center, as well as an equity partner in Deloitte’s Government and Public Services practice where he focuses on leading and delivering finance, accounting and operational transformation projects for civil government institutions. His advisory clients include executive leadership of fortune 100 organizations, large multilateral organizations, international financial institutions and federal government leaders. He serves as the company’s lead business partner for NASA and the International Monetary Fund, and the engagement partner for the US Postal Service.

Prior to joining Deloitte in 2015, he was a financial analyst at Dell- Perot Systems, an American multinational computer technology company. He also worked as a services consultant at Symantec, a company dedicated to consumer cyber safety. Sofyan has the distinction of being the first South-Asian, Pakistani American and Muslim to be included as an equity partner in Deloitte’s legacy federal government practice. He came to the United States in 2001 to earn a Master’s degree in management from Carnegie Mellon University. While in Pakistan, he received a Bachelor’s degree at Greenwich University in Karachi, and launched the first public FM radio station in the country. He was a morning show host for ‘Good morning Karachi with Sofyan Yusufi,’ and travelled across Pakistan in a hot air balloon to do live radio shows across Pakistan.