doppelganger, mister hyde, lurking in the respectable dr jekyll, or the monster conjured out of an ordinary man in the wolf man. we know now that we can't beat them, he got to beat them. stories about ruthless malevolent aliens emerged in the 19 forties and fifties, with memories of the ruthless malevolence. humans were fresh in people's minds. perhaps when we gather in dark and theatres to be scared out of our wits, what we're really frightened of is one another. and ourselves, rob reynolds, al jazeera park city, utah. ah, this is out here, and these are the top store, is now israel's prime minister benjamin netanyahu was announced a series of measures in response to 2 shootings targeting is rainy's. they include

demo, demolishing the homes of palestinians involved and speeding up a gun licensing for is where the citizens earlier to is ready. settlers were injured in a gun attack. the military says a 13 year old palestinian suspect is in custody. he came a day after 7 israelis died in the shooting year, a synagogue in occupied east, jerusalem. israel's national security minister says the violence justifies easier access to firearms. if i'm young, i want to weapons on the street, but i want as righty citizens to be able to protect themselves. we saw this in today's attack near david city. if people have weapons, they will protect yourself. as you know, the memphis police department has permanently disbanded the unit known as scorpion announcement comes after the city released video showing fond of its officers beating time in nichols who later died. syria has rejected a report from the global chemical weapons watchdog which blames and government forces for chlorine attack. in 2018. there was ation for the prohibition of

chemical weapons says there are reasonable grounds to believe the military carried out the attack in the rebel held town of duma. ukrainian authorities say at least 3 people have been killed after russian missile strike in the eastern city of constantinople, regional governor of the, on the east coast. 2 others were injured in the attack. or apartment buildings in the hotel were damaged. at least one that pilot has been killed after 2 indian air force fighter jets crashed in mid air. the collision happened in the central india of the states of marya pradesh and understand. 2 crew members from one plane have been taken the hospital at least 24 people have died and a bus crash and peru. it plunged off a cliff in a northwestern province of pura police. say the vehicle was carrying 60 passengers, including a number of haitians and peruse a congress has reject to the request from the president to bring forward elections

from 2026 to december this year, dinner. although i tain't wanted to move the boat as she struggles to contain nationwide demonstrations demanding her resignation. there's all your headlines. news continues here now to 0. that's after inside story. we know what's happening in our region. we know how to get to places that others cannot the further. so going on the way that you tell the story is what can make a difference. pakistan's economic crisis is worsening with the ruby sinking to record lows against the dollar. the i m f is sending a team next week amid a stand off with the government over reforms. so how is this crisis effect in pakistan's people? and what does the future hold? this is inside stored. ah

hello and welcome to the program. i'm fully back to bull. pakistan's economic crisis is deepening where the ruby this week hitting its lowest level on record. again, c, u. s. dollar. foreign exchange reserves are running out. the state is holding only enough to pay for vital imports such as fuel for another 3 weeks. the i m f has cut our funding in a stand off with the government over reforms that money in the country needs to keep going and i left team will visit next week for what are expected to be tough talks. now all this comes as the countries reading from its most devastating floods in living memory. it faces deep political divisions to, along with high inflation during an uncertain global economic climate. or be looking at what's behind the crisis with our guest. but before that, our correspondent come, i'll hider has this report from islamabad on our people. there are feeling it's

another day, i guess, lama vod friday bazaar. as people go around shopping border tension. good bye david . bad news on the economic front. the buckets on a repeat the number against the us dollar by almost 10 percent. and that to, from a government bridge was promising to bring change of august on, according to the financial times, the countries on the brink of collapse and economic crisis which could be comparable to what happens to a lung which ran out of foreign exchange market on foreign exchange in all time low and the country is trying to negotiate with the i m f, which offered the evaluation of the rope. he had to come to budget on your discussion conditionality to resume that very loud factory for budget on by the government won. that money will not be enough to address budget on key. it can now

make problem. industry is shutting down because energy costs have been going up and for the fort regarding the bank's open letter of credit regardless of a cure shortage of foreign exchange, particularly us dollars. we've been speaking to people on the ground and this is what they tell us valid point. so probably did that where i was earning 500 rupees a day. even then i was happy as things were affordable. but now even if i'm earning 3 times that still it's hard to survive at the prices of beyond outreach, so i don't push on among both buyers and sellers are too high inflation look at the devaluation that will be obviously the increase, the patrol prices and other commodities, unfortunately, the total fail to the current government and wrong policies which brought the country. the difficult one is the valuation of the rope. a will have the paper hard dead already struggling to survive or the central commodity. and they of course will be preventive because of the knock on effect on the prices of resent july

terms. bugger thorn is importing, we'd reduce their berlin with gunnery regard over your charges. and this of god's will mean that every a central got mortar do will fear bryce high something that the people of fog a thorn can ill afford or pakistan has been hit by a series of sharks all contributing to it see can amik problems the worst floods in living memory killed around $1700.00 people with wide spread devastation costing around $30000000000.00. there's deep political division to prime minister shabba sharif and his predecessor him ron khan, who was ousted in an o confidence vote. blame each other for the crisis. power outages to save money have caused chaos and hit businesses the fates. foreign exchange reserves have shown to just over 3 and a half $1000000000.00. ah, well as bringing our guest now for today's show, from islam about the law for

a fredy, kazi, she is a disaster management professional from p shower at tar alisha political analysts in a former secretary to pakistan's government, home and tribal affairs department. and also in islamabad, abbey, her son and economists, and a former advisor to the world bank. welcome to inside story. thank you so much for joining us, mr. abbot hassan in islamabad. if i can start with you, what led to such a significant drop in the value of the pakistani ropey? and what does it mean for a country that's already facing multiple crises? i mean, it's her culmination or following donovan of policies, economic policies specially for us can foreigner to monetary extra 100 or what we read through ford records saw the last one bigger than a half knowledgeable people are foreigners here, and lives have been i think about date of his speaking about that unless the forms

take place, park is one, is headed for a crisis. and surely this was predicted. now the thing is, if you look back 30 is the crisis was every 5 years. the duration of the crisis has been narrowing shortening, and the magnitude has been increasing. so now, i mean even if the i'm, if, what to be let out and that you will probably have another crisis in 2 years or even less than that. because the whole economy is not hard wired for a boom and bust cycle, right? so unless we have deep reforms, which will be painful, we will have another cry says, i don't know in 12 months, 18 months despite the i'm a program. but just looking at the more recent crisis and the plunge of the rope pakistan abandoned control of it, control of its currency in order to meet the demand right,

to liberalize the exchange rate. will that be enough to bring the i m f on board in your opinion now and get this bailout going? i think one of the fundamental failures of any i'm a program is they should not be a multiple exchange policy. and buckets on a 3 exchange rate, some of the last 9 months, i think that was a bad policy. so clearly, i mean, it seems that the government has decided to unify the exchange rate and make it market best. the other it is for decades focus on was following a very bad pricing policy on energy, even though most of energy is imported. we were selling it to below import costs. we were selling it at below production costs then for at least 2 decades. the i'm and the bank i've been pushing pockets on to rationalize energy prices. i think that the 2nd thing on the table,

which they've been require focused on to adjust energy prices. and of course all of these things will lead to inflation. the key thing here is that at this point in time, it's a bit like cancel. anything that has no treatment without pain. so the important thing is, and the i, m f continues to sort of press any country and that, that look what needs to protect the poor from loss of income or high inflation. and each must be large burden of that been ok. and that's the important thing that one hopes that the government or the day and the political system and the key stakeholders, able to figure out the program that protects the poor. why and having the rich pay for the burden. all right, no fair in islamic. you have to day more than 9000 containers that has got boards

which are carrying the essential goods. how bad is the situation today for the average pakistani citizen, how are people able to cope on a daily basis with the skyrocketing invasion? they're not. thank you for inviting me on the program. i would like to add to what ob, in hudson was saying the i am has been out is only a stop gap. the average pakistani is poor. and so the reforms that the i m f a suggest is suggesting is only for an injection for money, which will not actually feed the poor, which is the vast majority of ox danny's and the question that you've asked of me and on the natural disasters that we have only might apply the existing are problematic in pakistan where the average person is unable to earn

unable to pay taxes. unable to be self sustainable are in the best of times, let alone when there's an international crisis, etc. the question to be asked is in an agricultural, based on quantity in agricultural based economy? why are we importing essential goods? why have a, why have the international community and the government of pakistan which it follows it's lead because it borrower. so martin, why are the structural reforms that we are constantly being ost don't focus on fundamental reforms, not only in the energy sector or tax sector, but loony loan for who or new offer who or what do you blame for the crisis? i believe the, the, the class that is the prominent state managers of pakistan for the last 70 years,

they priorities of where they want to invest in pakistan's economy while or t human development has resigned. did not, the vast majority of this country cannot look after it says, and on the international aid, when it's i am mad by not true. our stock gap measures, just as i'm in hudson just mentioned, where do we get the i m f or whether we get china or america b, e u 80 b to help us? that is just it stop gap for one year to year. ok. does not address our investment, lack of investment in boxes on pakistan. me ok i to alicia. let me bring you into the conversation. as abby said, an economic crisis in pakistan comes around every few years. but this time around the internal political crisis and the recent flooding seems to have made things

worse. to what extent are the political tension that tensions that we've seen, the ouster or former prime minister in ron connie and no confidence old. the protest that we've seen to what extent is the political instability shaping these economic problems? oh, certainly. oh, all of this again long b. i sal injured from moments under gomez. hornby though was from 100. thanks. legal. know bruce wanted me to do issue larger bombers are tomatoes and long barbies when they move to the people they have their manifestos. greer, the promise of gordon turns all night to the people. oh, when they come to the law. oh. and no to day. this isn't gone

minka gould is long. busy dole edmond as it is defined and has a wind accommodation or just a really measurement off the been gone, been called but it also includes us are shown to learn as mentioned by like him, cause he so if i'm gay lisa and chevrolet g o naturally. so the, there wouldn't be strike, i strolled alms, then there will be to so when, so for supply and sharing, right, in the whole on and on, there will be no promotions. so inducer in modern is on wis, but in wired father, bombay gold. right? well, what this would i ask you about the security situation, please? because it would seem that the pakistani taliban have been emboldened by

a taliban vote afghanistan nearby as to what extent is that a concern for investors today? who are looking at pakistan? oh or so when we compare genesis compared to the last, you know there is a surgeon as suassa. dallas' if you reduce, went in august time in particular the progress of chem, walking high and below just stuck as they are 1 dollar increasingly targeting the line force engines use. so now there is a lot of fear incentives on your b m. among you are the general citizens and the business vandals are prosperous. they are being turned and extortion falls on being given to them across the water. even if you want you c,

d o d provincial assembly or province, there has been bizarre. and according to the constitution, there was a requirement or do a part of the day within 90 days or so. the government does have to go into the wall and go on with a union under the constitution, but you know, sorry. ok, but it is andre barbara, that i the delicious. maybe it was for you to do it on. maybe we'll just, you know, if students on amazon and grandma or all the romans and i will get back to mr. ali act, i'll come back to the show of elections later because of course, the ron khan, the former prime minister, wants election to be held. i'll come back to that in a moment, but i want to come back to the economic situation and ask me that i found in is i'm

a bad weather. pakistan today is at risk of becoming another sri lanka, and defaulting i think of i would hate to say this, but the probability is very high unless immediately government is able to satisfy the i m f and they, they, they sort of disperse the next trice. once the display has a $1000000000.00, then there are other bilateral countries, especially so the be china. maybe i don't know some countries who basically said yes, we will put in a 1000000000 to 1000000000 once focus on, you know, as i am a program, do you think the company is in a better position? deserves the probably go from the sorry to interrupt you, but do you think the pakistani government is in a better position to go to comply with the demands of the i m f?

is a government in a better position today to meet those demands? look, the thing is they've come in now they're sitting in the saddle. if they don't comply, and vargas on goes this elonka road. i think the chances of ever coming back into politics is 0. if they can play short enough, it will be painful, but at least there's some probability that in the when the election come around, they could still contest. ok. so from the government's perspective, i think for they they were kind of you know, i mean, the thing, all these changes hoping against hope that somebody will, will build them out. and ultimately, you know, none of the family going to came forward. okay. did you and that was needed. ok, so my point is it's a bitter failed, but they'll have to swallow that. ok, now far,

i want to come back to you and ask you more about the situation of the average pakistani citizen. and i know you've worked in flood affected areas you've been involved in the relief operations there. so i wanted, if you can, to you to tell us about give us concrete examples of how pakistani today are suffering. whether it's in big cities like as i'm a bad all shower or whether it's in flood affected areas. how a people living on a day to day basis. ok, we focus on the flight affected areas, but the crunch is being sent up amongst 99 percent of the country, the permanent hours are and those who live off government subsidies, those who have enriched themselves over the last 70 years. they are insulated from

the shocks. of this country, but the average person and those who are affected in this round of floods 2022, don't forget. we also had lots in 2010, and then we all have the, you know, from flooding as well, which it doesn't capture the national or the international imagination. but since 2022 has to talk about god that has hit the most destitute parts of baluchistan. and since these 2 and a little bit of a k, p k as well. and i kind of portion of southern punjab as with but the vast majority that will hitler and send an envelope on. and in areas where the human development indicators are bisman ad might any standard by the national standard, but also the a global un standard for living government of pakistan. and the provincial

government of fox don had led down these citizens for the last 70 years. did the florida has only exacerbated it? so for example, women have given birth without housing. they continued to remain without a roof over their head. children are without doctors, you have no hospital. the is not enough on medicine a you have high of malaria incidence, like 80 percent communities, 90 percent communities with a massive critical healthcare needs with absolutely no medicines, no doctors, no housing food insecure. there, man, nourished or i mean in really a write a lender yet let me ask in the law far if the i m f where to put the money in today, do you think it would get to the people who need it the most? no, it would not. and why do you think that is and how can we change? because the reason why is the location of so corn structural

reform is focusing on areas which benefit primarily the upper and the middle class in the urban areas. d, where government choose is not to invest in the social development sector and the human investment, human development investment that requires us to pull up the average citizen more than half this country is illiterate. this is a, a mighty generational investment that you need to develop. ok, not is not the concern of my m s. okay, that is the concern all the government of box on and not this government alone, the previous government and a government before that and the government before that there frankly bought off the problem. so it's a deep new there, probably. okay, let me ask added our son. so what, what do you think is

a way out for pakistan i would have found in what economic policy should the pakistani government adopt to address these economic difficulties. so i mean in the most major to the only policy the need to do is follow the i'm if a sort of form program in, in letter and spit it. so they get immediate inflow off on an exchange so that they don't default and it, it in some sort of normal c comes to the importation of goods. but beyond that, when i say beyond that, i mean in the next 6 to 12 months, they'll have to address the whole issue of energy pricing because the energy sector is leading billions of rupees a day. and that's part of the reason disgraces. they've kept energy prices cheap,

so when the energy places are cheap, you sucking more import. so you have to price energy, right? so that the demand for energy goes down and imports go down. so that's the next one . you see, the important thing is, you can think medium long term if you're going to sink in the short term. so in the short term, the important thing is you don't think. and the only way to avoid thinking is you have to implement if i'm a program and letter and spirit, and then as you get a breathing space, i think the key stakeholders of this country need to get together and agree on a common platform. i think not make form. okay. let me know. got the thing. we'll just keep coming back and on thing. yeah. let me give the final word. if i can, you got what, what is the way forward for pakistan for pakistan to avoid thinking as i bade said that. and i know that the former prime minister in ron khan is pushing for

elections to be held this year as soon as possible. the schedule for october will holding elections, change direction in which pakistan is headed. i love a solution and bunker son and the institution her mom gave her all the areas including the eyelashes and run hands. marty's concern, the dear walk, and by john and hamilton, one the assembly is all to proceed. and as long as you are within the last edition, then the election, 2017. 0, really? the shows are required and we have, within 90 days. so i'm show goldman saw a warranty. elation on $13.00 dash,

all done. so you all are to my mind is blair larry, give me alicia's window. no problems. ok, i'm a nationalist. certainty can be considered. our 1st and foremost is the letters to the problem. sure. let me have a while. i promised all by joe. ok. but he's a sure, in order to send a wrong signal run the negative signals, lead in west shows or the war, or you call them, you really thought of the cellphone. ok, next b, b. o. i'm sorry to interrupt you, we'll leave it there. we've run out of time unfortunately. thank you so much for joining us today on this very important discussion. abby has signed a low for our free d. n side act talisha. thank you for being on inside story and thank you to for watching. you can always watch this program again any time by visiting our website at al jazeera dot com for further discussion. go on facebook page at facebook dot

com forward slash ha inside story. and of course you can join the conversation on twitter handle is that a j inside story from me fully back to the whole team? hearing doha, thanks for watching bye. for now. ah a $150000000.00 traits disappear every year into the clothing that we all wear from up cycling to save the forest. the famous yellow dress fade from blue jeans, go to conserving the world's dwindling wetlands. 3 of the 8th worlds

global bird migration white intersect right, where we are basically discovered a treasure trove. it is one of the most special that lands on the plan. rise ecosystems. a light on al jazeera from the al jazeera london broke out center to people in thoughtful conversation. i got much west racism when i was at the university of oxford, which really scared me because i was like these people are going to be in positions of power with no host and no limitations. empire is the reason that we live in a multicultural society. part 2 of 5, shaheen and adam rather fit studio b unscripted on out his era. ah, and carry johnston in dough with the top stories here on al jazeera, israel's prime minister benjamin.