Pakistan’s Economic Recovery: How the State Bank Helped Stabilise the Economy | Kamran Khan | OMR

Watch On My Radar with Kamran Khan, Mon to Fri at 8:03 PM on ARY News! Four years ago, Pakistan was facing a severe balance of payments crisis, falling foreign exchange reserves, a weakening rupee, high inflation and rising interest rates. Today, Pakistan’s total foreign exchange reserves stand at around $23.7 billion, including approximately $18.3 billion with the State Bank of Pakistan and $5.4 billion with commercial banks. Former State Bank Governor Dr Ishrat Hussain joins us tonight on On My Radar for a discussion to examine State Bank Governor Jameel Ahmad’s policies and the central bank’s role in navigating one of Pakistan’s most difficult economic periods. The discussion looks at foreign exchange reserves, exchange-rate stability, monetary policy, inflation, interest rates and the current account, while also examining the role of the IMF programme, external financing, remittances and support from friendly countries. But with inflation rising again, high debt repayments, weak exports and continued reliance on remittances, Pakistan now faces the challenge of turning economic stability into sustainable growth, investment and employment. Watch the full discussion till the end #Nukta #NuktaPakistan #OnMyRadar #OMR #PakistanEconomy #StateBankPakistan #DrIshratHussain Follow us on: Facebook: https://www.facebook.com/profile.php?... Instagram:   / nukta.pakistan   TikTok:   / nuktapakistan   X: https://x.com/NuktaPakistan