High inflation, growing political crisis: Will Pakistan follow Sri Lanka and default on debts? ...Middle East

Pakistan is seeking the release of $3 billion from the International Monetary Fund (IMF). That amount would augment the nation’s foreign-exchange reserves, which at $10.2 billion cover less than two months of imports. The government is staring at a $45 billion trade deficit this year. Last week, international bonds due 2031 fell to a record-low.

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