AGRA, May 19: The Indo-Nepal-Bangladesh Conclave-2023 concluded, stressing the need for advancing towards collective prosperity by promoting mutual harmony and cooperation among all South Asian countries.
At a time when Pakistan's economic crisis is going from bad to worse, the International Monetary Fund has denied lifeline to India's neighbouring nation. It comes at a big blow to Pakistan as the IMF has denied sending rescue teams to help the crisis-hit nation.
The government had requested the IMF to send a team for the completion of the review. Speculations were rife that IMF would intervene to help Pakistan to help the nation to tackle its economic woes, worst in a decade, but the request has been turned down.
The forex reserves in the State Bank of Pakistan (SBP) has recently touched the lowest mark of $4.343 billion just enough for two weeks.Pakistan has been battling a balance of payment crisis with foreign exchange reserves falling to $4.6 billion, barely enough to cover three weeks of imports - mostly for oil, reported Reuters. Pakistan secured a $6 billion bailout in 2019, that was topped up with another $1 billion earlier this year.
Pakistan had approache