The leading British journal Financial Times sounded the alarm on the difficulties faced by the Pakistani economy.
The editorial board of the British journal Financial Times reviewed Pakistan’s default and future developments.
According to the report, Pakistan is on the brink of collapse, with the nuclear power and its creditors taking drastic measures to avoid default.
The Financial Times says the country’s currency has plummeted, with Pakistan’s foreign exchange reserves dwindling to just $3.7 billion at the end of last month.
The report said that China, the IMF and the Paris Club need to speed up talks on restructuring Pakistan’s debt.
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