The infighting and lack of decisive action, coupled with the IMF’s holiday break and negative economic indicators, increased chaos and uncertainty in the economy. The government is now seeking financial assistance from China, the UAE, and Saudi Arabia, but these efforts may be complicated by changing circumstances in these countries. It is hoped that Dar will cooperate with the IMF and work to stabilize the economy.
Related: How much Islamic is Islamic Banking?
The Finance Minister, Ishaq Dar, currently lacks the resources needed to address economic challenges as he has done in the past. He is seeking funding from a variety of sources, including the IMF, World Bank, ADB, China, the UAE, and Saudi Arabia. If he is able to obtain this funding, it is believed that he will attempt to appreciate the Pakistani rupee, which may lead to further economic instability within 24 hours.
