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Pakistan's economy now depends on Gulf states to bail out crisis

The International Monetary Fund's (IMF) condition that Pakistan secure confirmation from bilateral partners of the Gulf region to bridge the gap of USD 6 billion is simply an attempt to ensure its credibility. Non-materialisation may result in Islamabad sliding into default. The IMF review mission was forced to put forth this condition because representatives of these countries are on the Executive Board of the IMF. They made commitments on the approval of the 7th and 8th Reviews held last A...
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