PAKISTAN has no other option
but to ask its all-weather ally
China to bail out its ailing economy to avert full fledged eruption of the Balance of Payment
(BoP) crisis if the IMF does not
revive the USD 6.5 billion programme, according to a media
report on Tuesday.
The policymakers are left
with no other options but to
explore all other ways to avert
default as well as choking off
the economy of over 220 million people, ‘The News
International’ quoted sources
“Amid deepening political
and economic crisis in the
country, the IMF (International
Monetary Fund) has adoptedthe policy of wait and see but
this policy cannot be pursuedfor a longer period,” a top official source said on Monday.
“Either the IMF will have tobe revived through completionof the 9th review or the programme will be scrapped. Wewill share no more data withthe IMF without completionof the ninth review,” the official said.