Balance of payments crisis: China is the only way to overcome it
If the IMF fund continues its declining recovery program, Pakistan has a mechanism to bail out Islamabad’s ailing economy to prevent a full-blown balance of payments crisis.
There will be no other option but to ask China to design.
Policymakers are now left with no choice but to explore all other avenues to avoid a balance-of-payments crisis and default, as well as an economy stifling to unprecedented levels.
Also Read: External assurance first, then agreement, IMF Director
The News spoke to top government sources who confirmed that the IMF has adopted a wait-and-see policy amid the deep political and economic crisis in the country, but this policy cannot be sustained for long.
Either the IMF will have to be reinstated through the completion of the ninth review or the program will be terminated. We will not share any further data with the IMF without the completion of the ninth review.