Episode 215 - Pakistan enters another IMF programme

In this episode, Uzair talks Khurram Husain about the recent agreement between Pakistan and the IMF, which has secured a 3-year $7 billion programme. We talked about what comes next for the economy and why the hard work is only just beginning. In addition, we focused on Pakistan’s debt sustainability, with Khurram sharing his perspective on why restructuring debt is perhaps not the right path for the country at this point in time. The articles we referred to in our conversation are linked below: - https://www.dawn.com/news/1859741/shaky-stability - https://www.dawn.com/news/1861209/and-audits-for-all - https://www.economist.com/by-invitation/2024/08/28/break-the-taboos-propping-up-unsustainable-debt-pleads-a-former-central-banker - https://www.project-syndicate.org/commentary/pakistan-needs-public-debt-restructuring-by-sanjay-kathuria-1-2024-09 Chapters: 0:00 Introduction 0:45 Debt restructuring for Pakistan 13:16 IMF agreement and its implications 22:55 Petrol prices and relief 29:10 Politics and the current status quo 36:25 Conclusion