The consequences of a default for Pakistan's economy would be dire with hyperinflation, devaluation of the Pakistani rupee, a near-halt in imports, the closure of more factories, an increase in unemployment and political and social unrest.
Islamabad [Pakistan], May 11 (ANI): After Pakistan Prime Minister Imran Khan rejected the first draft for a bailout package, the country's Foreign Ministry on Saturday said that the talks with International Monetary Fund (IMF) are still underway.