
Pakistan· KarachiPakistan's economic challenges: circular debt, IMF talks, and remittances
Pakistan is grappling with significant economic challenges, including persistent circular debt that complicates ongoing IMF negotiations, while also experiencing notable growth in remittances from overseas citizens.
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Pakistan's economic challenges: circular debt and remittances
First report 8h agoLast update 3h agoCircular debt remains a significant challenge for the government in its negotiations with the IMF.
The State Bank of Pakistan warns that geopolitical developments could push up global energy and commodity prices, leading to price spirals and affecting the macroeconomic outlook.
Remittances from overseas Pakistanis have shown encouraging growth, rising 13% to $3.6 billion in July, meeting government expectations.
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