Despite financial assistance, Pakistan faces declining forex reserves amidst external debt repayments

Publikováno: 29.11.2023

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During the initial months of 2023, Pakistan seemed to be heading towards a catastrophic point, with the IMF loan program in 2019 going off track after the fund realized the commitment of Islamabad to reform was lacking, which led to the suspension of loan disbursements.  Pakistan has imposed strict restrictions on imports to avoid defaulting …
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