Uzair Younus on Pakistan's debt
Pakistan keeps its economy running on loans from the IMF and China, but these will not fix its debt problems long-term. ASG’s Uzair Younus describes the policy reforms needed to save the country from financial crisis.
AAMIR QURESHI/AFP/Getty Images Pakistan is on the brink of economic disaster, experts say. Foreign exchange reserves are at four-year lows, pressuring the local rupee and triggering worries that Islamabad may soon be unable to finance monthly import bills. The developing country is also awash in external debt, having taken on loans from China for the $62 billion China-Pakistan Economic Corridor.