Cut The Clutter: Pakistan stares at default, raises interest rate to 20% with Moody’s downgrade, 40% inflation, melting rupee

As Pakistan's economic circumstances continue to decline, the country has come the closest to defaulting since 1998-99, its central bank raises rate by 300 basis points, inflation reaches 40% and currency tumbles. ThePrint Editor-in-Chief Shekhar Gupta lifts the layers from the crisis in episode 1184 of ‘Cut the Clutter’.