Pakistan’s economy is spiraling out of control with the rupee hitting a record low on a daily basis. What is driving this crisis and how can Pakistan get out of this tailspin?
This episode focuses on the ongoing crisis, with Ammar H. Khan joining the podcast to offer his perspective on what is going on and the path forward. Ammar is a non-resident fellow at the Atlantic Council, and is the Group Chief Risk Officer at Karandaaz Pakistan, a UK FCDO and BMGF backed entity that focuses on enabling access to finance for Small & Medium Enterprises, and digital financial inclusion.
Previously, he has worked with the largest asset manager in Pakistan as a Chief Risk Officer, as well as at HSBC in varying roles in sovereign risk assessment, and credit risk. In addition, he has been a consultant to multiple energy projects, from coal mines to LNG power plants, and terminals, with an accumulated ticket size of more than US$10 billion. Having worked in projects across the energy value chain, Ammar has an in-depth understanding of the intricacies of the sector.
He tweets at @rogueonomist.
1:05 What is fueling the crisis?
11:00 Does banning luxury goods help?
15:40 IMF negotiations
19:20 How should citizens prepare?
24:20 Monetary policy and growth
29:00 How to achieve sustainable growth?
36:00 Key decisions that must be made