Episode 123 – Why is the Rupee so Volatile?

In this Urdu discussion, Uzair talks to Dr. Sajid Amin Javed about why the Pakistani rupee has been so volatile, the structural drivers of this weakness, and whether he believes the issues at hand go beyond the scope of economics.

Dr. Javed is Deputy Executive Director at the Sustainable Development Policy Institute (SDPI) Pakistan. Prior to joining to SPDI, he was Senior Research Fellow and Assistant Professor at Department of Economics, Pakistan Institute of Development Economics (PIDE).


0:00 Introduction

1:45 What caused the sudden devaluation?

14:00 Impact of Afghanistan trade and stopping imports

25:20 Has anything changed structurally?

30:10 Impact of petrol subsidy

37:20 Impact of fiscal deficits on currency value

51:20 Are these economic policy issues?

1:05:00 Conclusion