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Squeezed between IMF demands and Chinese interests, Pakistan is on the brink of collapse

The Indian Express Original article ›
LyrArc Article Gist
Following the pandemic and the floods Pakistan is in a precarious position with its finances. The IMF estimates $25 billion in debt servicing requirements per year for the next 3 years. Pakistan's situation is similar to Argentina and Sri Lanka, countries that have gone to the IMF. International financial institutions are owed $41 billion and China $30 billion.



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