Moody’s Investors Service warned that Pakistan was at an increased risk of failing to restart its $6.7 billion bailout programme with the International Monetary Fund (IMF). “There are increasing risks that Pakistan may be unable to complete the IMF programme that expires at the end of June,” a sovereign analyst at the company, Singapore Grace Lim said. Lim said: “Without an IMF programme, Pakistan could default, given its very weak reserves.”
