Pakistan On The Verge Of Inflationary Collapse – Pleads For Larger IMF Bailout

• Pakistan On The Verge Of Inflationary Collapse – Pleads For Larger IMF Bailout
  by Tyler Durden, https://www.zerohedge.com/
  Pakistan, a nuclear power with at least 165 warheads from short range to medium range, is facing potential economic collapse according to the country’s Finance Minister, Miftah Ismail.
  –
  With an official inflation rate of over 13.37% (double the official CPI to get a more accurate picture of true price inflation), the 2nd fastest rising rate in Asia, Pakistan has sought relief from foreign debt obligations and an IMF bailout deal. Initial arrangements for a three year deal with the IMF began in 2019, but Pakistan says that deal, originally for $6 billion USD, is ‘outdated’ due to the covid pandemic and new global financial pressures. The nation now says it is in ‘dire need’ of at least $36 billion in order to stay afloat.
  –
  read more.

end