Pakistan has asked for IMF bailout to avoid an imminent collapse. In contrast to many African and South American countries, a collapse in Pakistan might have global consequences.
Pakistan, a nuclear state with at least 165 warheads ranging from short to medium range, is on the verge of economic catastrophe, according to Miftah Ismail, the country's Finance Minister.
Pakistan has sought relief from international debt commitments and an IMF rescue arrangement, with an official inflation...
