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LONDON/KARACHI (Reuters) - The political crisis engulfing Pakistan is eroding hopes that the South Asian country can get its much needed programme with the International Monetary Fund back on track soon and escape a full-blown debt crunch, analysts said. | 08:08am ....
Deadly clashes between supporters of Imran Khan and police spread across the country after Pakistan's anti-corruption agency arrested the former prime minister on Tuesday. The rupture in Pakistan's febrile politics comes as the 230-million-population nation prepares to hold tightly fought elections in the autumn while facing its worst economic crisis in decades, with dwindling reserves and a stalled $6.5 billion IMF programme that is expiring in June and scarce other financing sources in sight. ....
Holders of defaulted Sri Lankan bonds are keeping one eye on the South Asian nation s biggest creditors and the other on an African debt deal for clues as to how the restructuring might play out. ....