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Geostrategic magazine

Il Pakistan e la drammatica situazione economica

Dall’analisi di Arif Rafiq, Asia Times. Pakistan’s economy is in a deep mess. This summer’s epic floods took more than a thousand lives and inflicted billions of dollars in damage and devastation. In spite of an International Monetary Fund (IMF) bailout, Pakistan’s external-account position remains precarious. Foreign-exchange reserves at hand cover less than two months of imports. Exports and remittances are in decline. Pakistan’s perceived default risk, as reflected by the credit default swap, continues to soar. Its sovereign credit rating sinks deeper into junk territory. Delivery of the next tranche from the IMF is uncertain as the Fund insists that Pakistan expand revenue collection.

Pakistan pays heavy price for domestic turmoil – Asia Times