Pakistonomy - Episode 127 - The Return of Ishaq Dar
Pakistonomy
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Are You Just Trying to Create the Illusion of Stability and Growth in Pakistan?
The state bank is already running negative real rates. They've been doing OMOs to provide liquidity into the market. And on top of it now you have a finance minister sitting with the governor making these pronouncements and then also openly, as you said, saying he not only wants to stimulate growth,. He wants lower interest rates and a stronger currency. I just don't from the outside understand what they're trying to do. Yes, Pakistan will need support and dollar flows. But if you're seeking those flows and at the same time making the argument that I want a stronger currency with the track record of doing what he has done. That's the impression that I've gotten that these things
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