Latest Bailout News & Updates

Pakistan’s Economy Relies on Foreign Support, Lacks Real Reform

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New Delhi, Jan 26 (IANS) Pakistan’s economy continues to survive on external support rather than real reform, as policymakers rely on foreign borrowing and strategic alliances to avoid repeated financial collapse, a report has said.For decades, Pakistan has faced recurring economic crises, only to be rescued each time by foreign creditors, the International Monetary Fund (IMF), or friendly nations, according to an analysis by Sakariya Kareem.Instead of building a competitive export-driven econ…