Pakistan May Go Bankrupt Without IMF Program, Warns Moody's

International credit rating agency Moody's has said that Pakistan can default without IMF bailout loans. International credit rating agency Moody's has said that Pakistan can default without IMF bailout loans. In this regard, Moody's Singapore analyst Grace Lim has said while talking to the American magazine Bloomberg that Pakistan will meet its external payments by June, but without the IMF program, Pakistan will default due to its low reserves. According to Bloomberg, Grace Lim added that current foreign exchange reserves are only enough to cover one month's worth of imports. After June, the nation's financial options are likely to be extremely uncertain. More about IMF