Best Enemies Pakistan Needs an American Bailout (Again)
For the first time since 2001, the State Bank of Pakistan’s foreign exchange reserves fell to $2.9 billion, prompting a mini-economic crisis in the country. Pakistan now has barely enough in the kitty to pay its import bill for three weeks. As a result, the inflation rate has gotten even higher and the Pakistani rupee continues to tank, putting further pressure on finances.
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