The IMF and Pakistan have reached an agreement on $3 billion standby agreement as the country nears default on its international debts.
Dwindling foreign reserves and a fall in the value of the rupee is fuelling soaring inflation.
Political chaos has scared off foreign investors.
And last year’s devastating floods have added to the many challenges facing the country.
Many hope the IMF stand-by deal will offer some relief and prevent it from going into default.
Presenter: Adrian Finighan
Guests:
Adnan Jalil, Cabinet Minister of Commerce, Industry and Technical Education in Khyber Pakhtunkhwa province
Zeeshan Salahuddin, Political Analyst, at The Consultancy Firm Tabad-lab
Maleeha Lodhi, Political Scientist and Former Pakistani Ambassador to the United Nations, the United States and Great Britain
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#News #Pakistan #IMF #agreement #internationaldebt #rupee #inflation #politics #foreigninvestors #floods #challenges #relief #economy
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