Pakistonomy - Episode 140 - Economic meltdown, restructuring debt, and rebuilding Pakistan
In this episode, Uzair talks to Ali Farid Khwaja about the economic chaos in Pakistan and the collapse of the rupee. We also talk about why restructuring is necessary and how that process would work. Finally, we also touch on the startup community and takeaways from Paklaunch’s Unconference, which was recently held in Dubai. Ali Farid Khwaja is Chairman of KTrade Securities and has over a decade of experience in the technology and financial sectors. Chapters: 0:00 Introduction 2:30 Devaluation of the rupee and debt restructuring 15:30 Why has selective default happened? 24:30 Economic discourse and role of politics 31:10 Gravity of the situation 34:43 Takeaways from Paklaunch Unconference 40:19 Saving and investing for the long-term 44:30 Need for honesty