Political Choices For Pakistan’s Economic Problems

DefenseNews: Pakistan’s economic crises have become cyclical. In the absence of structural reforms, it has very little choice but to seek a bailout package from its lenders. Currently, it desperately needs $37 billion to finance its debt next year.  It is on the verge of an agreement with the IMF for an enhanced bailout package. Other lenders will also come to their assistance. The Chinese are rolling over Pakistan’s debt. The Saudis extended a $3-billion loan in December 2021 but are waiting for signals from the IMF. The French have suspended…