In this episode, Uzair talks to Khurram Husain about the ongoing economic situation in Pakistan where the foreign currency market is under strain. We discuss what is driving this shift, and how “over-extraction” is the policy focus right now in the country. We also spoke about protests in the region and what they tell us about the role of economic discontent and the limits of repression in socieities.

You can read Khurram’s latest columns here:

https://www.dawn.com/news/1939561/extracting-dollars

https://www.dawn.com/news/1941112/three-years-three-uprisings

Chapters:

0:00 Introduction

1:50 Over-extraction and dollars

17:20 Why fix the dollar rate

24:10 Protests and regime collapse

36:00 Lessons for Pakistan