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How to avert default

The recently elected Pakistan government faces the uphill task of tackling the economic crisis. The IMF has completed its second and final review of Pakistan’s economic programme, supported by the…

It’s IMF way or the highway?

Announcing the staff-level agreement on the successful completion of the 23rd short-term facility, the IMF (International Monetary Fund) has confirmed that a cash-strapped Pakistan is seeking a 24th successor medium-term…

Default, then?

Fitch’s doubts about securing a post-SBA (Stand-By Arrangement) IMF lifeline show that even leading IFIs (international financial institutions) understand how the political paralysis following the election is already threatening to…

Govt as the biggest power defaulter

The media is replete with news of the Power Sector – mostly negative. Most recently, it is the exorbitant bills being received by the people and the ensuing protests. Analysts…

Capital suggestion: Default?

Sovereign default is the “failure of a national government to repay its debt.” Here are six signs that can indicate a potential sovereign default. Oe, persistent and large fiscal deficits:…

Who suffers if Pakistan defaults?

While politicians and economists debate on talk shows and twitter over the inevitability or impossibility of a potential default, millions of working-class families are already feeling the crushing weight of…

A highly flammable summer

It was the biggest mystery. For months, since the economy started to slide into an entirely predictable and avoidable crisis, well to do Pakistanis would cite restaurant traffic and the…

Averting default

Pakistan currently faces many economic challenges with the lingering threat of default being the most potent one. By way of explanation, a country defaults when it is unable to repay…

Gaming out a default

Pakistan has been in a precipice of default for the last few months, desperately seeking external help, enacting draconian policies, while refusing to initiate any structural reforms. About nine months…