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Economy

Imran Khan ultimatum looms as Pakistan pushes for IMF deal

Experts say PM Sharif's longevity hinges on showing army he can stabilize economy

Ousted Pakistani Prime Minister Imran Khan, left, continues to apply pressure on his replacement, Shehbaz Sharif. (Source photos by Press Information Department and Reuters) 

KARACHI -- An ultimatum from former Prime Minister Imran Khan to call fresh elections this week is hanging over Pakistan's coalition government as it works to secure a $900 million loan tranche from the International Monetary Fund and shore up critically low foreign reserves.

Analysts say Prime Minister Shehbaz Sharif's government is showing a willingness to make necessary, albeit unpopular, economic moves, and that the administration's survival ultimately hinges on the support of Pakistan's powerful army.

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