Pakistan’s Foreign Minister Bilawal Bhutto Zardari urged the world to continue to help the South Asian nation recover from devastating floods ahead of a United Nations conference next month to mobilize funding.
Pakistan is facing an economic crisis with reserves covering one month of imports, a dollar shortage and a delay in its loan program with the International Monetary Fund. Investors are still concerned about the nation’s ability of its debt, with long-term dollar bonds continuing to trade at distressed levels despite the payment of a $1 billion bond this month.
“We find ourselves in this incredibly difficult position where