PIPS
PIPS
Pakistani Coup Debt Fears
With minimal foreign exchange reserves, a suspension of credit from the IMF, and inflows from foreign investors drying up rapidly, Pakistan could be facing economic meltdown following last week's coup d'etat. The country is steeped in $32 billion of foreign debt, and has been forced to survive on IMF handouts since conducting nuclear tests in May of last year, a move which prompted heavy sanctions from several overseas donors including the US and Japan. Meanwhile the
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