Bank of America has warned that crisis-hit Pakistan will need to pause debt repayments if it isn’t able to secure funding from IMF quickly. Economists said Unless payout comes through sson, a state of moratorium looks unavoidable. They also say that China can rescue Pakistan because of the close ties the countries share. Pakistan has implemented series of policy measures to unlock funding from its stalled $6.5bn loan programme, and its finance minister insists a staff-level agreement will be signed this week.

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