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Pakistan seeks another bailout as economic and political crises worsen

The South Asian state is seeking a bailout from the International Monetary Fund again - something it's done more than 20 times

Pakistan, economy
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Photo: Bloomberg

Kai Schultz and Faseeh Mangi | Bloomberg
People crushed trying to buy subsidized food as inflation hits a 48-year high. The country going dark from power cuts. A former leader shot in the streets.
 
Pakistan is teetering on a precipice, with fiscal, humanitarian and political crises bringing it ever closer to the brink. As foreign reserves plummet, covering only three weeks of imports, the country is facing its worst economic meltdown in decades — echoing the fall of Sri Lanka and Ghana, but unspooling in a nuclear-armed nation with one of the world’s biggest populations.

The South Asian state is seeking a bailout from the International Monetary

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First Published: Feb 23 2023 | 8:39 AM IST

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