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