Explainer: How worried should we be about Pakistan’s economy?


Source: reuters.com reuters.com

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ISLAMABAD, Sept 30 (Reuters) - Concerns are rising again over the health of Pakistan's economy as foreign reserves run low, the local currency weakens and inflation stands at decades-high levels despite the resumption of an International Monetary Fund funding programme in August. The IMF programme was meant to stabilise an economy that has been in a tailspin for months. The nuclear-armed country has suffered from external shocks like other developing nations heavily reliant on imports of oil, gas and other commodities. But then Pakistan was hit by major floods in late August that killed more than 1,500 people and caused...