Pakistan's economy faces "some very daunting challenges," but the nation's interim government won't approach the International Monetary Fund for support, according to caretaker Finance Minister Shamshad Akhtar. The decision whether to approach the IMF for a bailout loan will have to be taken by the new government after a national election on July 25, Akhtar said at her first press briefing in Islamabad on Tuesday.
ISLAMABAD (Reuters) - Intensifying allegations of military interference threaten to cast a shadow over Pakistan's general election on July 25, a historic event that will mark only the country's second ever democratic transition of power. On Friday the ruling Pakistan Muslim League-Nawaz (PML-N) party handed over to a technocratic caretaker administration after completing a full five-year term, another democratic milestone.
Pakistan says it is reassessing strained ties with the United States, a move that could lead to halting supply lines into Afghanistan where American troops are fighting insurgents to stabilize the war-ravaged country with the help of NATO allies.