Dr. Ali Hasanain comes on The Pakistan Experience to explain how keeping the Dollar artificially low in Pakistan is bad for the Economy in the long run. On this deep dive episode, we discuss how the Central Nervous System of Pakistan is broken, Fixing the Exchange Rate, Deficits, Imports, Exports, Trade with India, CPEC, the Tax Code, and more.

Dr. Ali Hasanain is an Associate Professor at the Lahore University of Management Sciences (LUMS). He served as the Head of Department from 2019 to 2022. Dr. Hasanain’s research focuses primarily on how public service delivery can be improved through reform initiatives, particularly through technological progress and improvements in the media. He also studies how information and communication technologies (ICT) can improve market functioning. Dr. Hasanain’s research has been featured in The Guardian, Economist, Huffington Post, various World Bank blogs, VoxEU, VoxDev, Herald, Friday Times, Dawn, and other media outlets, as well as been the topic of the feature story of the World Bank’s global website. He is a member of Evidence in Governance and Politics (EGAP), a Senior Research Fellow at the Mahbub ul Haq Research Center, a member of the research board of PRIME Institute, a Fellow of the Consortium of Development Policy Research (CDPR), and a faculty advisor at the Technology for People Initiative (TPI). From 2014 to 2016, he was a Global Leaders Fellow at Oxford and Princeton universities.

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Chapters

0:00 Introduction

1:30 Fixed Exchange Rate and Keeping the Dollar artificially low

8:00 GDP per Capita, Poverty and Income Inequality

14:00 Fiscal deficits and Problems with the artificial Dollar Rate

32:00 Miftah Ismail’s policies and fluctuating Dollar Rates

38:30 How can we fix the Economy and the Military Regime

58:00 Relationship and Trade with India

1:03:00 Fixing the Tax Code, Electoral Reforms and Creating the Knowledge Base

1:16:00 CPEC

1:23:00 Broken Nervous System of the Nation

1:36:30 Audience Questions