Pakistan says it agrees to IMF terms on release of $1.1bn payout
Al JazeeraJUL 2023
Pakistan's economy is on the brink. However, the chances of Pakistan meeting the IMF's conditions are low due to the severe political turmoil. The South Asian nation is at risk of defaulting on its debt obligations as its financing options beyond June are highly uncertain.
Pakistan can't let itself be a hostage to the IMF and allow itself to be treated like the West's de-facto colony. The country will execute a contingency plan if the June 30 deadline is met without concessions, which includes working on rescheduling the bilateral external debt of over $27B next month and turning to China to come out of the global lender's clutches.