Default threat reaches Pak as inflation rises, political crisis worsens

Without a bailout from the International Monetary Fund, Pakistan may default for the second time in its history amidst inflation at its peak.


Soaring inflation. Squabbles over fuel prices. A fractious political environment. For months, Pakistan has struggled to keep its economy afloat, raising the prospect that one of the world’s most populous

Also Read

Russia-Ukraine war, Covid-19 surge in China on IMF-World Bank agenda

IMF sees inflation as 'significant risk'

IMF chief urges fast, well-coordinated action to tackle food crisis

IMF delays release of new forecast to factor in Covid developments

IMF defers Pakistan's 6th review to release $1 billion under fund facility

New Zealand raises interest rates 50 bps, signals more aggressive hikes

Singapore sees GDP at lower end of forecasts amid war, supply chain woes

Rising global food protectionism amid Ukraine war risks worsening inflation

US says will close Russia's last avenue to pay back international investors

WEF 2022: We'll never go back to office full time, says Credit Suisse CEO

First Published: May 25 2022 | 10:26 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to