Episode details

World Service,02 Mar 2023,26 mins
Pakistan: Currency Lows and Interest Rate Hikes
World Business ReportAvailable for over a year
As the country waits on funds from the IMF, Pakistan's currency hits a historic low against the dollar and the Central Bank raises interest rates to 20%. We speak to the former Deputy Governor at Pakistan's Central Bank and a former IMF official to get perspectives from both sides. We get reaction from the G20 meeting in India as angry exchanges over Russia's war in Ukraine dominated the talks. And we hear about the new trend of de-influencers, telling us what not to buy. (Picture: Laborers work at a wholesale market in Karachi, Pakistan, 02 March 2023. Credit: Photo by SHAHZAIB AKBER/EPA-EFE/REX/Shutterstock)
Programme Website