India Flash Bulletin

Pakistan will avoid default thanks to China, says Shehbaz Sharif

Shehbaz Sharif, the prime minister of Pakistan, said that the government and the International Monetary Fund (IMF) have not achieved an agreement, but he emphasized that China's cooperation would be essential in averting any possible default.
Prime Minister Sharif emphasized the government's commitment to finishing the IMF program while stating that Pakistan has successfully satisfied all of the strict restrictions set by the International Monetary Fund (IMF) during his speech to industrialists and businesspeople in Karachi, according to Samaa TV.
According to Sharif, China has shown assistance by refinancing its commercial debt, demonstrating the friendly nations' commitment to Pakistan's development.
He said that friendly countries have favorable feelings for Pakistan, indicating their shared desire to see the nation flourish, according to Samaa TV.
The premier emphasized how the previous administration had broken the terms of the IMF deal.
Political unrest has persisted in the nation for the last twelve months. The problem of inflation has been made worse by the current instability, which has further led to price increases.
Sharif emphasized the importance of investors who voluntarily take on risk and invest in Pakistan, seeing them as representatives of the nation.

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