Pakistonomy

Iran has been rocked by protests, which are currently in their fourth week. Nearly 200 people have died and thousands injured. Sparked by the brutal killing of Mahsa Amini, these protests are a sign that all is not well in the country. In this episode, Uzair talks to Dr. Neda Bolourchi about what is going on in Iran and the path forward for the country. Dr. Neda Balourchi is Associate Director and...

We are back after a brief hiatus and in this episode, Uzair talks to Khurram Husain about the return of Ishaq Dar, who is already making headlines and "shouting down the dollar." We talk about what Dar's return means, the recent FX scandal casting a dark shadow over banks, and whether any political party has a serious plan to deal with the ongoing economic crisis. Khurram Husain is a business and...

Over 33 million people have been affected in the 2022 floods in Pakistan. The total estimated financial cost of damages and reconstruction is estimated to be over $16 billion, and this figure is going to rise in the coming days. In this episode, Uzair talks to Dr. Maira Hayat about this catastrophe, the need for solidarity among Global South countries, and the governance challenges that exist with...

The speculative bubble around crypto and Web3 has popped, but the innovation in this sector continues. In this episode, Uzair talks to Arsalan Khan about the ongoing innovation in the sector, touching on what excites him, the state of technical talent in Pakistan, and what other jurisdictions are doing. Arsalan had been in conventional finance for over 12 years working as a stock broker in Pakista...

Pakistan is underwater and its largest province in terms of land mass has been the hardest hit. In this episode, Uzair talks to Saad Dehwar Baloch about the current situation in the province, ongoing relief efforts, and the crisis of governance there. If you'd like to donate to flood relief in Pakistan, please consider the following organizations: https://www.facebook.com/wangorg/?ti=as https://im...

In this Urdu discussion, Uzair talks to Dr. Sajid Amin Javed about why the Pakistani rupee has been so volatile, the structural drivers of this weakness, and whether he believes the issues at hand go beyond the scope of economics. Dr. Javed is Deputy Executive Director at the Sustainable Development Policy Institute (SDPI) Pakistan. Prior to joining to SPDI, he was Senior Research Fellow and Assis...

Small businesses are the backbone of any economy. When they thrive, the economy grows, opportunity and jobs are created, and a culture of bottom-up innovation takes hold. In Pakistan, MSMEs face a tough time getting access to growth capital. Karandaaz Capital is changing this and this episode dives deep into how this change is happening. Uzair talks to Navid Goraya, who is Chief Investment Officer...

Where is the rupee headed? Will Pakistan default? In this episode, Uzair talks to Shahrukh Wani about the ongoing crisis in Pakistan, why this is just the latest episode of a long-term crisis, and what needs to change to get out of this. Shahrukh Wani is an economist at the International Growth Centre’s Cities that Work initiative based at the Blavatnik School of Government, University of Oxford....

The first episode of this year, way back in January 2022, discussed how politics will dominate the economy for the entirety of the year. In this episode, we take a look at how things have shaped up and what the path forward looks like for Pakistan’s chaotic and unstable political scene. This instability is having a disastrous impact on the country’s economy, and Uzair talks to Amber Rahim Shamsi a...

There has been a flurry of negative news regarding Pakistan's startup ecosystem, with the collapse of Airlift being the biggest story of them all. In this episode, Uzair talks to Ali Farid Khwaja about what led to this collapse, whether this is the end of the boom, and how entrepreneurs and investors should navigate this cycle. Ali Farid Khwaja is Chairman of KTrade Security and has over a decade...

Energy security has been a pipe-dream for Pakistan, with the country facing numerous economic and energy crises over its history. At its core, the issue revolves around failure to tap into domestic sources of energy in a way that benefits the country's economy. In this episode, Uzair talks to Amir Iqbal about Thar Coal and its potential to improve Pakistan's energy security. While coal is indeed a...

Access to credit is critical is fueling economic growth, especially by helping promising small businesses scale up and become more efficient. In Pakistan, however, access to credit remains a major challenge, especially because of the crowding out effect, where the financial system finds it easier and more lucrative to lend to the sovereign, which runs high fiscal deficits. In this episode, Uzair t...

Pakistan's higher education sector has been in a state of flux for a long time. From regular cuts to funding to scandals about paper mills, the story has not been great. On top of that, research funded by the HEC has not led to innovation on the commercial end, something a country like Pakistan sorely needs. In this episode, Uzair talks to Dr. Tariq Banuri, Chairman of the Higher Education Commiss...

Over the course of this podcast, we have had dozens of conversations on the need to reform the economy. But while we all know the broad scope of reforms that are needed, there is not really a constituency for reforms, across the political aisle, in Pakistan. Dr. Ahsan Iqbal, who is a senior leader of the Pakistan Muslim League - Nawaz and is currently the Federal Minister for Planning, Development...

Political violence has been a major issue facing Pakistan's flawed and floundering democracy for decades. From Karachi to South Punjab, political actors have overtly and covertly deployed violence to gain influence, votes, and power. But why do political actors use violence to achieve these goals? And what are ways to deal with this issue? In this episode, Uzair talks to Dr. Nilofer Siddiqui about...

A record-breaking heatwave has been wreaking havoc across the subcontinent, impact the wheat and mange harvest, setting fire to forests, and giving us a trailer of what climate change can do to our world. In this episode, Uzair talks to Dr. Erum Sattar of what is the latest research showing about where the world is headed and what actions governments and individuals must take to day to reduce the...

There is a widely-held belief that strong governments deliver reforms and sustainable growth. Research, however, shows otherwise. In this episode, Uzair talks to Dr. Irfan Nooruddin about his research on this topic, based on his must-read book Coalition Politics and Economic Development: Credibility and the Strength of Weak Governments. Dr. Nooruddin is is the senior director of the Atlantic Counc...

The situation in Balochistan has been complex for decades starting with the way in which Balochistan became part of Pakistan following independence in 1947. In recent months, the insurgency there has picked pace, but many forget that there are two insurgencies roiling the province. In addition, the economic situation is dire, with citizens facing abject poverty and a continued extractive approach...

Crypto is going through another winter with prices of all major crypto assets down sharply. There has also been the Luna collapse, which has raised a lot of questions about the future of the crypto and Web3 economy. In this episode, Uzair talks to Salahuddin Khawaja about what's going on in the crypto economy and how is he navigating the ongoing downturn. Salahuddin Khawaja is CEO of Hypermode, a...

Pakistan’s economy is spiraling out of control with the rupee hitting a record low on a daily basis. What is driving this crisis and how can Pakistan get out of this tailspin? This episode focuses on the ongoing crisis, with Ammar H. Khan joining the podcast to offer his perspective on what is going on and the path forward. Ammar is a non-resident fellow at the Atlantic Council, and is the Group C...

Pakistan's monetary policy has been the focus of attention over the last few years, particularly since Dr. Reza Baqir became governor in 2019. His three year tenure is up, which is a good time to assess the central bank and its performance. In this episode, Uzair talks to Ariba Shahid, a business journalist based in Pakistan, about the highs and lows of the SBP over the last few years.

Uzair talks to Maleeha Lodhi about Pakistan's foreign policy and the repercussions of the regime change conspiracy theory. Ambassador Maleeha Lodhi most recently served as Pakistan's Representative to the United Nations. Previously, she served as Pakistan's envoy to the Court of St James' and twice as its ambassador to the United States.

There has been a lot of talk about a foreign conspiracy in Pakistan, particularly by former prime minister Imran Khan and his followers. While this conspiracy theory is outlandish and has been debunked by many experts, Khan and his followers continue to believe it. But is Khan really standing against up for Pakistan when it comes to pushing back against foreign powers that have exercised influence...

A lot has happened in Pakistan over the last few weeks, with Imran Khan's government first creating a constitutional crisis and then losing power in a dramatic late-night vote in the National Assembly. But what does this mean for Pakistan's flawed and floundering democracy? And how should we view this moment in time from a historical perspective? In this episode, Uzair Younus talks to Dr. Ilhan Ni...

The COVID-19 pandemic, a once-in-a-century event, caused widespread socioeconomic upheaval in the world. In Pakistan, there were fears that the country would descend into chaos, but the country was able to navigate this crisis without realizing the worst-case scenarios. Credit for this goes to the Khan government and the NCOC, which did an excellent job coordinating the public health response to t...