Imran Khan, former PM of Pakistan, marked his 2nd year in solitary confinement in Adiala jail. General Munir is keeping him locked in a small cell. A currency board could stabilize Pakistan’s economy, as proven in Bulgaria. Capital flight in Pakistan contributes to its debt crisis, requiring repeated IMF bailouts.

Khan and an economist discussed the benefits of a currency board on a Zoom call. A currency board could stabilize Pakistan’s economy, boost confidence, and break the cycle of debt accumulation. Capital flight in Pakistan is a major issue, with funds being siphoned off to Dubai, leading to the need for constant borrowing from the IMF.

Khan’s imprisonment and the need for economic reform in Pakistan are linked. A currency board could stabilize the economy and reduce capital flight. The current economic situation in Pakistan requires drastic measures to avoid further debt accumulation and reliance on IMF bailouts.

Read more at Yahoo Finance: Steve Hanke on his last call with Imran Khan and the doom loop gripping South Asia