IMF approves $7bn for Pakistan: Will the economy get stable now?

In this episode of New Wave Global, host Nauraiz Rana speaks with Haroon Khawaja, President and CEO of the Maverick Foundation and former advisor to the Prime Minister of Pakistan and the Chief Minister of Punjab. The discussion highlights critical topics surrounding Pakistan’s economic challenges and opportunities, beginning with the recent approval of a $7bn IMF bailout and whether it can help the country break free from perpetual bailout cycles. Mr. Khawaja explains whether Pakistan can successfully complete the IMF program this time and examines how government overspending continues to strain foreign reserves. The conversation also addresses the potential of the IMF bailout to foster economic self-reliance and considers the real impact of IMF measures on the everyday lives of ordinary Pakistanis. Tune in for the full interview!