the scientist a we're talking to say it has been a long journey to get this right. the korean with hi takes care of the endangered species, as well as black ryan knows that rome all per jetta. he says the cows are ready for the embry has to be implanted. we wonder do his duty mattress possible because for the circuit mothers, we don't want to give them the or monitor chicken. it might cruise some problem. so we headed to a for said to me on a southern white animal actors at his a ball. so when he started mounting in any of the females, we know this is the bit them of the fussing to petition. rhinos are under threat because porches hunt them for their horns. the northern white sub species was wiped out in south sudan, uganda, and other parts of central africa decades ago. conservationists have spent years on this research. and finally it's bearing fruits. catherine soil da, 0. all project a conservancy in central kenya.

ah, this is our desert, easier top stories, as well as prime minister benjamin netanyahu has announced a series of measures in response to 2 gun attacks. they include demolishing the homes of palestinians involved and making it easier for us. riley's to get a gun license as well as national security ministers among those calling for more guns to be put in the hands of israeli citizens. this is, i mean, i want to weapons on the street. i want is ready 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. you know is righty settlers have broken into a palestinian home overnight and set it on fire? it happened in the town of to messiah north of ramallah and the occupied west bank . no one is reported to have been injured. the memphis police department has. 1

permanently disbanded a unit known as scorpion and comes off to the city, released a video showing 5 offices being an unarmed black man. tiera nichols who late had died. at least one person has been killed during demonstrations against the government in peru. it comes a day all to congress rejected a request from the president. deena ballasa to bring forward elections. the protest is a calling for new poles and the resignation of deena watty. these 4 people have died in flooding on new zealand. north island. days of heavy rains have coolest flash flooding and mudslides more severe weather is expected. the country's largest city, oakland is on the estate of emergency, tens of thousands of teachers in portugal of march to demand better pay and conditions. they took to the streets without education workers in the portuguese count to lisbon. on saturday. aaron's ministry of defense says that

a military workshop in the city of is for han, has been attacked by drones and said edge offences repel the attack. on saturday night, the workshop roof suffered mana damage and the complex will continue to operate. it's not known who carried out the strike. those are your headlines coming up next in story? ah, [000:00:00;00] ah, al jazeera. with right down to the pit. pakistan's economic crisis is worsening with the ruby sinking to

record lows against the dollar. e i. m f is sending a team next week amid a stand off with the government over reforms. so how is this crisis affecting pakistan's people and what does the future hold? this is inside stores. 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 against the us dollar. foreign exchange reserves are running out. the state is holding only enough to pay for vital import such as your for another 3 weeks. the i m f has cut off funding in a stand off with a 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 country is 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 hydro 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 or 10 shells, good bye david. bad news on the economic front. the buckets on a tumble 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 along which ran out of foreign exchange market on

foreign exchange. in all time low and our country is trying to negotiate with the i, m f, which after the evaluation of the ropey, had to come to progress on your discussion conditionality to resume that bailout package for margaret on. but they're going to miss wrong. that money will not be enough to address buckets on, you know, make problem. industry is shutting down because energy costs have been going up. imports are stuck at the fort regarding the bank opened letter of credit regardless of acute shortage of foreign exchange, particularly us dollars. we've been speaking to people on the ground and if it is what they tell us valid points. 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 as a crisis beyond the reach. so i don't push on among both buyers and sellers are too high inflation look at the de valuation 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 red head, the paper hard dead, already struggling to survive the central commodity. and they of course will be preventive because of the knock on effect on the prices of resent allied them vulgar thought of importing. we'd reduce their berlin with john driebe regard over your charges. and both of god's will moon that every year think pilgrim ordered me real fear bro. say something that the people of fog a thong 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 people with wide spread devastation costing around $30000000000.00, there's deep political division to prime minister shabazz 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 bring in 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. her son in islamabad, if i can start with you, what led to such a significant drop in the value of the pakistani groupie and what does it mean for a country that's already facing multiple crises? i mean,

it's her calling remission or following that of policies. economic policies, especially fiscal policies, monetary exchange it over maybe 34 decades. so the last one decade and a half knowledgeable people policy analysts have been writing about it. i've been speaking about that unless the reforms take place. part one is headed for a crisis. and surely this was predicted. now the thing is, if you look back 30 is earlier, the crisis was every 5 years. the duration or 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. but 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 in the plunge of the rope pakistan abandoned control of its 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 pillars of any i'm a program is they should not be a multiple exchange policy and focused 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 a market best. the other 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 pushing focused on to rationalize energy prices. i think that's 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 is not 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 lots of income or high inflation. and these itch must be

a large burden of that pin. 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 islamabad, you have to day more than 9000 containers that start get fords, 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 and facial? 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 get the average pakistani is poor. and so the

reforms that the i m f a suggest is suggesting is only uh for an injection for money, which will not actually feed the poor, which is the vast majority of our studies. and the question that you have asked of me and all 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 its lead because it barroso 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 sectors like linear loan for who all 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. their priorities of where they want to invest in pakistan's economy while or t human development has resided. not the vast majority of this country cannot look after it says and on the international aid where that 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 a d b to help us? that is just it stop gap for

a one year to year. ok. does not address our investment, lack of investment in boxed on a in 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 hold. the protest that we've seen to what extent is the political instability shaping these economic problems? does certainly oh, all of this again, norm b. i. so leonard from la mason almost harvey,

the war strong on or dix legally broken to calling me to do issue logan ramos are tomorrow's and long mondays. when day more to the people they have their manifestos where they promised recordings all night to the people. oh randy on to the all. oh and no to day. this isn't gone minka gold. there's lots of doll edmond as it is defined and has a wind an addition or just a really measurement off the been gone been called. but it also includes a social and a letter, as mentioned by like him because he so if i'm gay visa and chevrolet g o naturally. ok the there would it be strike? i strolled alums,

then there will be to start when so for supply chain right in the whole of that and on the really below promotions. so, when conducive and modern is on race, but in wire fraud on the gold, right. well, what i ask you about the security situation, please, because it would seem that the pakistani taliban have been emboldened by a taliban vote afghan, his son nearby. add to what extent is that a concern for investors today? who are looking at pakistan? oh, of course. 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 came up, walking high and below just stuck. and they are $1.00 increasingly dougherty in the line for st agencies. so now there is a,

a fear incentives on your b, m, among you, when the general citizens and the business vandals are prosperous, they are being turned and extortion balls are being given to them across the water. even if you want to do c, d o d provincial assembly or province, there has been bizarre. and according to the constitution, there was a requirement or do or do within 90 days or so. the government of habitable law and the go on we is under no obligation under the constitution. no, sir. okay. but it is honored law that i the election. maybe it was for you to do it on maybe with in students on those on

and i grandma romans and i will get back to mr. i'll 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 mean, 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 then they sort of disperse the next trice. once the disperse is 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 bargain on goes this elonka road. i think the chances of ever coming back into politics is 0. if they comply short enough, it would be painful, but at least there are 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 with the you and that was needed. ok, so my point is it's a bitter pill, but they left us all know 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, you know, 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 the 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 a 99 percent of the country. the prominent bowers are and those who live off government subsidies, those who have enriched themselves over the last 70 years. they are interrelated from the shocks of this country. but the average person and those who are affected in this round of knots 2022. don't forget, we also had lots in 2010 and then we all have a uniform 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 k as when and i kind of portion of southern punjab as with but of a vast majority that will hit once in an envelope just on and in areas where the human development indicators are bisman ad my any standard by the national standard, but also the global un standard for living government of pakistan and the provincial government of foxon had led down these citizens for the last 70 years, did the florida has only exacerbated it? so for example, women who had 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 of medicine. 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 it really a write a lender yet. let me ask him to laugh. are 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 will not. and why do you think that is and how can we change? because the reason why is the allocation and the so called structural reform is focusing on areas which benefit primarily the upper and the middle class . in the urban areas, the where government choose is not to invest in the social development sector and the human investment or human development investment that requires 2 well up the average citizen. more than half this country is illiterate. this is

a mighty generational investment that you need to develop. ok, not is not the concern of my m. s. okay. that is the concern of the government of pakistan and not this government along the previous government and a government before that and the government before darnell frankly bought off the problem. so it's a big know there probably. okay, let me ask added our son. so what, what do you think is the way out for pakistan i would have found in what economic policy should the pakistani government adopt to address these economic difficulties . so i'm in, in the most major term, the only policy they need to do as a final d, i m f, a sort of a form program in, in literature spinet. so they get immediate in flaw foreign exchange so that they

don't default. and it in some sort of normalcy 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, the energy sector is a 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 import score on. so that's the next one . you see, the important thing is you can think medium term or long term if you're going to think 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 of economic reform. ok, let me know that the thing will 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 the direction in which pakistan is headed. solution focused on and you should be here all day. yes. including the nations concern day be day was fun job and i have

a book and the assembly is all the process and as long as you are within the last edition of 2017. 0, really? in a within 90 days? i'm sure garments on a winding or the election on 12 dash all done. so you all are my mind is blair larry, dear me, alicia's window. no problems. ok, and there's no relationship to the nationalist certainty can be considered. our 1st and foremost is the letters to the problem. sure. let me have a while and no problem is all on joe. ok. but he's alicia. are you in order to send a wrong signal from the negative signals, lead in west shows or the war, or the economy really sort 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 it over at fredy and side dr. alisha. 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 point the whole team hearing doha, thanks for watching. bye for now.

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