Thursday, December 13, 2018

No IMF money to Pak to repay Chinese debt: US

Pakistan is seeking $8 billion from the International Monetary Fund (IMF) to bail itself out from a severe balance-of-payments crisis that threatens to cripple the country's economy. A recent meeting between the IMF and Pakistan ended in a stalemate. The US feels that the huge Chinese debt was responsible for the economic challenges in Pakistan.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2QOSqL4

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