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India


Pak seeks international loans amid war losses, stock market crash

Pak seeks international loans amid war losses, stock market crash

New Delhi, May 9 (UNI) Pakistan's Ministry of Economic Affairs on Friday appealed to international partners for an urgent financial assistance, citing heavy losses inflicted by the "enemy" in an escalating war scenario, and a crashing stock market.
The Economic Affairs Division of the government posted on X: "The government of Pakistan appeals to international partners for more loans after heavy losses inflicted by the enemy. We urge international partners to help de-escalate."
The rare public appeal underscores the economic distress the country is facing as it struggles to stabilise its financial system while grappling with security threats and rising geopolitical tensions. The statement did not name the "enemy" or specify the quantum of the losses incurred.

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