Inflation is on the rise. Disputes over the price of petrol A tumultuous political climate Pakistan has been struggling to keep its economy afloat for months, raising the possibility that one of the world's most populous countries will soon follow Sri Lanka into a wave of worldwide defaults.

Remove petroleum subsidies: IMF asks cash-strapped Pakistan

According to Pakistani media sources, two of Pakistan's main lenders, the World Bank and the Asian Development Bank (ADB), have withheld approval of another $1 billion (7,300 crore rupees) worth of loans due to a failure to fulfil certain conditions.

World Bank, Asian Development Bank delay $1 billion loans to Pakistan: Reports

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Remove petroleum subsidies: IMF asks cash-strapped Pakistan

World Bank, Asian Development Bank delay $1 billion loans to Pakistan: Reports