Families sit near their belongings surrounded by flood waters in Jaffarabad, Pakistan’s southwestern Balochistan province, on Sunday. Photo: AP
Families sit near their belongings surrounded by flood waters in Jaffarabad, Pakistan’s southwestern Balochistan province, on Sunday. Photo: AP
Pakistan

Pakistan secures IMF funding restart to ‘ensure it doesn’t lurch into Sri Lanka-like territory’

  • Pakistan was on the verge of default, but the International Monetary Fund’s restart of balance of payments support has brought it back from the brink
  • Even so, inflation is soaring and wheat supplies have taken a hit, as the country of some 230 million people battles ‘floods of biblical proportions’

Families sit near their belongings surrounded by flood waters in Jaffarabad, Pakistan’s southwestern Balochistan province, on Sunday. Photo: AP
Families sit near their belongings surrounded by flood waters in Jaffarabad, Pakistan’s southwestern Balochistan province, on Sunday. Photo: AP
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