Posted inChina, Middle East, Pakistan, South Asia, World

Pakistan seeks bailout from China and Saudis, rather than the IMF

Pakistan plans to seek financial assistance from China and Saudi Arabia to get out of the grave financial crisis it faces to bridge the country’s external account deficit ahead of budgetary proposals for the 2018-19 fiscal year. A well-placed source in the Ministry of Finance told Asia Times that instead of approaching the International Monetary […]