In this episode, Uzair talks to Khurram Husain about the latest decision by the central bank to keep rates unchanged. We talked about why the central bank has a credibility problem and how the IMF is influencing its choices. We also discussed the ongoing conversations between Pakistan and Saudi Arabia, why it feels different this time around, and the role of geopolitics.

Finally, we also discussed the upcoming budget, the finance minister’s priorities, and how he can secure his position in the cabinet.

Chapters:

0:00 Introduction

2:00 Interest rates and the IMF

16:20 Saudi Arabia’s interest in Pakistan

24:45 Role of geopolitics in Saudi conversations

32:18 Budget and reforms outlook

39:05 How long will the finance minister last?