Pakistan Economic Crisis

Advisor on Finance Abdul Hafeez Sheikh, releasing the Pakistan Economic Survey 2019-20 said the economy suffered massively due to the coronavirus pandemic

The Pakistan government is resisting the demand due to high inflation that has eroded people's real income

Prime Minister Imran Khan said that the precious government properties will be sold for better utilisation of funds on public welfare projects

The IMF's Executive Board had on July 3 approved the three-year bailout package worth $6 billion to Pakistan.

Cash-strapped Pakistan, which currently has a currency reserve of less than $8 billion, approached the Washington-based IMF in August 2018 for a bailout package

The talks come only weeks after a group of Chinese commercial banks lent $1 billion to Pakistan's government in April