Fitch: Pakistan faces failure to obtain an IMF loan. Pakistan is facing a stifling crisis due to the amount of foreign debt exceeding 128 billion dollars.
Fitch indicated that the weak external position of sovereign bonds means that securing financing will be one of the most pressing issues on the next government’s agenda. Analyst Shakeel Ahmed Ramai says that given that the new government will proceed with obtaining another loan from the IMF, it will face difficulty in repayment unless new taxes are imposed on agriculture and real estate.