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

Pakistan looks at IMF and Saudi Arabia for fiscal bailout

Pakistan’s new government appears to be in a quandary over whether to go to the International Monetary Fund (IMF) or approach Saudi Arabia for bailout loans to support the country’s crumbling economy. It has reached a point where bankruptcy seems the least bad option to face. The budget deficit has reached Rs 2.26 trillion (US$18.4 […]

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