IMF Bailout Funds needed for Pakistan

Pakistan may require an International Monetary Fund bailout after a tumble in foreign reserves and a plunge in its currency to a record low, as a struggling economy saps support for the government before a general election.

The rupee has slid 7 percent versus the dollar in the past year, with reserves down about 19 percent to $13.8 billion on a trade gap and aid repayments. IMF help is needed to stem the declines, said Standard Chartered Plc and ex-Commerce Minister Mohammad Zubair Khan, ahead of a visit by the lender this week.


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