INSUBCONTINENT EXCLUSIVE:
Pakistan needs more financial assistance from the International Monetary Fund and may seek another loan, the interim Finance Minister
caretaker government, at a news conference in Islamabad on Thursday.The comment, which comes a day after the South Asian nation reached a
staff-level agreement with the IMF for a $700 million payout under a $3 billion program, highlights the magnitude of the economic and
political crisis facing the country
Pakistan has about $1 billion in dollar-denominated debt due next year after it holds elections scheduled for February.Indian intel on high
alert as Pakistan announces general election dateWhile a nascent recovery is underway, the nation remains susceptible to significant
The term of the interim set up ends in February as the nation votes in national elections to elect a new administration.The caretaker
sources.Pakistan averted a default on its debt by securing the current nine-month loan program from the IMF in July and expects the
completion of its first review along with inflows from other lenders to boost its dwindling reserves that fell $115 million to $7.4 billion
Minister Anwaar-ul-Haq Kakar
has spurred a more than 50% return on its dollar bonds this year
