The document summarizes research on instabilities, solitons, and rogue waves in coupled nonlinear waveguides that exhibit PT symmetry. It describes the goals of studying how gain and loss affect modulational instability and rogue wave formation. The model of two coupled nonlinear Schrodinger equations representing the waveguides is presented, along with constant wave solutions and a analysis of modulational instability through a perturbation approach. Three sources of instability are identified related to the nonlinearities, linear coupling between the waveguides, and imbalance of gain and loss.