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Twarit Vishwa: IMF team reaches Pakistan to held talks on bailout programme
In Pakistan, despite robust growth, the currency has lost a quarter of its value against the dollar since the beginning of the year. Higher oil prices have led to a widening trade deficit and foreign exchange reserves have dropped sharply. A widening external debt position, currently standing at $92 billion or 31 per cent of the GDP has raised concerns about its sustainability.
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Sagarneel SinhaSagarneel Sinha
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