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Pakistan Works to Revive IMF Bailout
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ISLAMABAD—Pakistan held talks Monday with the International Monetary Fund in an effort to restart a stalled bailout program, as economists warn that the country is in danger of defaulting on its foreign debt.
Foreign currency reserves have shrunk to critical levels, enough to cover only about three weeks’ worth of imports, according to financial analysts. Pakistan Prime Minister Shehbaz Sharif said that he had pleaded to the IMF to pause what he called harsh conditions to its loan.
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