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IMF Bailout On The Cards For Next Government, Analysts Say

In 2019, the pressure would be further ratcheted up as Pakistan would need to make $12.7 billion of external repayments against $7.7 billion this year. JUL 9, 2018: The country’s next government, to be chosen in the July 25 general elections, faces growing fears of a balance of payments crisis with speculation it will have to seek its second IMF bailout in five years, analysts say. The central bank is running down its foreign reserves and devaluing the currency in a bid to bridge a yawning trade deficit, and theRead More