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Economy

Pakistan turns bullish with backing of Beijing and Riyadh

Islamabad begins bailout talks with IMF, but lacks sense of urgency

After a visit to Beijing, Pakistani Prime Minister Imran Khan now faces negotiations with the IMF for financial assistance.   © Reuters

ISLAMABAD -- Pakistan began negotiations with the International Monetary Fund this week on a bailout package, but the South Asian country feels no sense of urgency as it sees enough support from China and Saudi Arabia to avert a crisis, at least for now.

When Pakistan's main stock index -- the KSE-100 -- fell roughly 0.5% on Thursday, investors and analysts were hardly alarmed.

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