Blackouts, currency dives and corruption: Pakistan's economy is on the brink of collapse
Publishing timestamp: 2023-02-03 03:17:44
Summary
IMF officials are in Islamabad for talks to unlock a $7 billion bailout fund for Pakistan, which is in a dire economic situation due to government corruption, depleted foreign reserves, and crippling debt. The IMF wants Pakistan to implement fiscal reforms before releasing the funds, and the country has already taken steps to do so. However, the country is still in a precarious situation and many citizens are considering leaving due to the economic instability.
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Keywords: defense, business news, terrorism, pakistan, world economy, economic events, islamabad, china, economy, inflation, emerging markets, dxy us dollar currency index,