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  2. Pakistani economic crisis (2022–present) - Wikipedia

    en.wikipedia.org/wiki/Pakistani_economic_crisis...

    Poor governance and low productivity per capita in comparison with other low to middle-income developing countries have contributed to a balance of payment crisis, where the country is unable to earn enough foreign exchange to fund the imports that it consumes. [5] Pakistan's economic crisis is the biggest crisis since its independence. [6] [7]

  3. IMF says it reaches a staff level agreement with Pakistan to ...

    www.aol.com/news/pakistan-imf-conclude-final...

    The funds are the final tranche of a $3 billion last-gasp rescue package Pakistan had secured last summer, which averted a sovereign debt default. "The IMF team has reached a staff-level agreement ...

  4. Pakistan PM Sharif says another IMF bailout is inevitable - AOL

    www.aol.com/news/pakistan-pm-sharif-says-another...

    With a long-term, two-to-three year IMF programme, he said, the $350 billion economy that has long been under extreme stress with a yawning balance of payment crisis would need deep-rooted ...

  5. Economic history of Pakistan - Wikipedia

    en.wikipedia.org/wiki/Economic_history_of_Pakistan

    Pakistan's five-year plans opted for a development strategy based on industrialization, but the major share of the development budget went to West Pakistan, that is, contemporary Pakistan. [34] A lack of natural resources meant that East Pakistan was heavily dependent on imports, creating a balance of payments problem. [34]

  6. Balance of payments - Wikipedia

    en.wikipedia.org/wiki/Balance_of_payments

    Country foreign exchange reserves minus external debt. In international economics, the balance of payments (also known as balance of international payments and abbreviated BOP or BoP) of a country is the difference between all money flowing into the country in a particular period of time (e.g., a quarter or a year) and the outflow of money to the rest of the world.

  7. Pakistan raises gas prices up to 200% ahead of IMF loan ... - AOL

    www.aol.com/news/pakistan-raises-gas-prices-200...

    Pakistan on Monday increased natural gas prices by up to 200% on Monday, shortly before the International Monetary Fund (IMF) was due to decide whether to approve a $6 billion loan for the country ...

  8. Pakistan and the International Monetary Fund - Wikipedia

    en.wikipedia.org/wiki/Pakistan_and_the...

    Three years later, Pakistan again went to IMF for third time for balance of payment problems for which IMF gave US$75,000 (equivalent to $657,129 in 2023) on 17 October 1968. [3] In 1971, Pakistan lost its Eastern half, East Pakistan, after the Bangladesh Liberation War. This war caused huge loses to Pakistan.

  9. Twin crises - Wikipedia

    en.wikipedia.org/wiki/Twin_Crises

    A currency crisis, on the other hand, does not help to predict the beginning of a banking crisis, but does help to predict the peak of a banking crisis. That is, although it doesn't cause the beginning of a banking crisis, a Balance-of-Payment crisis may help to deepen an existing banking crisis, creating thus a "vicious cycle".