Anisree Suresh

1 month ago | ndtv.com | Aishwaria Sonavane |Anisree Suresh

On May 9, the International Monetary Fund (IMF) approved the disbursement of another $1 billion to Pakistan under its latest Extended Fund Facility (EFF), reinstating Pakistan's dependence on international bailouts. As a country with a high dependence on imported oil, whenever oil prices hike or international borrowing declines, Islamabad's reserves take a further hit.