![A vendor waits for customers in Karachi. With 220 million people, a nuclear stockpile and a fragile democracy, there is likely to always be some sensitivity to what a default in Pakistan may cost the world. EPA](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/WVDNTG34R3P7UOO2B3FPKNR3GE.jpg?smart=true&auth=2336c0b6e3c20d414045d7c6eeddf659148dc4c9c4d348008e33eeba5e64fb36&width=400&height=225)
A vendor waits for customers in Karachi. With 220 million people, a nuclear stockpile and a fragile democracy, there is likely to always be some sensitivity to what a default in Pakistan may cost the world. EPA
A vendor waits for customers in Karachi. With 220 million people, a nuclear stockpile and a fragile democracy, there is likely to always be some sensitivity to what a default in Pakistan may cost the Show more
Another IMF bailout for Pakistan – but this time it's different
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Johann Chacko is a writer and South Asia analyst
10 July, 2023