Latest Update on IMF's Warning to Pakistan The International Monetary Fund (IMF) has warned Pakistan that it faces a potential economic crisis if it doesn't take steps to reduce its budget deficit and stabilize its foreign exchange reserves. Their latest report highlights a dangerous rise in Pakistan's current account deficit and a rapid decline in foreign exchange reserves. If these trends continue, Pakistan could face a default on its loans, leading to severe economic consequences. The IMF has urged Pakistan to implement measures to cut spending and strengthen its tax system. Additionally, they've called for reforms in the energy sector and improvements to the business environment. The Pakistani government has acknowledged the IMF's warning and begun taking steps to address the issues. These include: Cost-cutting measures: Reducing unnecessary government spending. Increased tax revenue: Raising tax rates and cracking down on tax evasion. Energy sector reforms: Low...