Is Pakistan Going to Default?

In this episode, our regular guest Khurram Husain joins Uzair to talk about the state of Pakistan’s economy, the status of the IMF program, why the exchange rate is under pressure, and the fight between Dar and Miftah. Khurram is a business and economy journalist and he shares his thoughts with Uzair on the outlook for the IMF program and why Pakistan’s economy is going to face more volatility in the coming weeks and months. Chapters: 0:00 Introduction 1:10 Will Pakistan default? 5:30 Exchange rate issues 12:10 Afghanistan and dollar demand 20:10 Where did the IMF program go south? 36:40 Dar v. Miftah