Ruling elites are sleepwalking into a disaster
In this episode, Uzair talks to Ali Khizar about the ongoing negotiations with the IMF, the path forward, and why consensus is needed to rescue the economy. We also talk about debt restructuring, why the last few months have destroyed Pakistan’s credibility, and the broader challenges confronting the economy even after an IMF program is put back on track. Ali Khizar is a business journalist who frequently writes for Business Recorder. Chapters: 0:00 Introduction 0:45 Why did the IMF deal did not happen? 24:00 Debt restructuring needs 34:30 Political crisis and economic stability