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Pakistan Default Imminent as $22 Billion Debt Repayments are Due & Inflation Hits 50 Year High
PAKISTAN is on the verge of DEAFULT and is facing ECONOMIC MELTDOWN as the country runs out of Cash and Energy & Food Costs continue to Escalate. Pakistan has over $275 BILLION of DEBT and requires over $30 BILLION to service its debt and purchase FUEL & FOOD over the next 6 months. An urgent BAILOUT is needed and Pakistan is in discussions with the IMF about a Bailout Loan however the IMF want Pakistan to agree to Terms that they do not like. In a desperate attempt to avoid BANKRUPTCY Pakistan has now agreed an Oil Supply Deal with Russia but is in Urgent Need of some Capital as the Reserves are now down to $3BN meaning that the country has less than 3 weeks cash remaining.
Chapters:
0:00 Intro
1:36 PAKISTAN
2:50 PROBLEMS
3:53 CURRENCY
5:33 INFLATION
8:01 DEBT
10:54 IMF BAILOUT
12:45 RATING
15:24 SUMMARY & CONCLUSION
