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Roving Periscope: With the IMF rejecting the plea, Pakistan inches closer to default

Virendra Pandit   New Delhi: With the International Monetary Fund (IMF) rejecting Pakistan’s revised Circular Debt Management Plan (CDMP) as “unrealistic,” the nearly bankrupt South Asian country has inched closer to default, a la Sri Lanka last year. The global financial institution, in Islamabad to throw a lifeline to a drowning economy, had asked Islamabad […]
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