In its report 'Payment halt a possibility', Barclays says lack of new bilateral financing agreements reflects Pakistan’s complex political environment & macroeconomic instability
Says poor law and order situation has triggered extreme anxiety amongst businesses who are contemplating whether to continue their business in this city or move somewhere else
Fund managing director Kristalina Georgieva says IMF asking for steps that Pakistan needs to take to be able to function as a country and not to get into a dangerous place where its debt needs to be restructured
In short statement at conclusion of 10-day visit, IMF mission chief says resolute financial support from official partners critical for Pakistan to successfully regain macroeconomic stability and advance sustainable development
Says conditions the IMF places on its loan could either 'exacerbate social and economic hardship or provide desperately needed relief to Pakistanis while addressing crisis’s underlying causes'