business
Tuesday May 24 2022
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Explainer: Will Pakistan default?

With Pakistan's foreign exchange reserves depleting to alarming levels, the rupee plunging to new lows, and a delay in the IMF programme, Pakistan's default risk soars.

The country's political upheaval is adding to this surge in the nation’s default risk and triggering further losses in bonds and currency.

In light of the current situation, will Pakistan default?