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Pakistan: Will Imran Khan’s Hybrid Debt Servicing Strategy Work?

Taking assistance of the IMF rather than sundry investors remains the sensible course but Mr Khan is concerned over questions on CPEC and cut on subsidies Pakistan has a deficit of $ 18 billion of which $ 12 billion is debt servicing for which the country does not have any resources, as per Finance Minister Asad Umar. Taking the assistance of the International Monetary Fund (IMF) remains the most sensible course but Prime Minister Imran Khan is concerned that too many questions will be raised over Pakistan’s servicing of loans for the China Pakistan Economic Corridor (CPEC) and constraints will be applied on subsidies that are required for financing the grandiose welfare schemes that are part of Khan’s plan for converting Pakistan into a welfare state on the Medina model or Scandinavian  form of social democracy with an Islamic character...................

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