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Staring at sovereign default, Pakistan desperately seeks its ‘Sputnik moment’

Pakistan is scrambling to secure an IMF bailout package by initiating a string of tough measures as it battles to avoid defaulting on external debt obligations. The nation is facing an acute shortage of essential commodities, skyrocketing inflation and energy prices, dwindling forex reserves and the highest interest rates in more than two decades.

from Economy-Prime-Economic Times

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