IMF demands details of all debts

The IMF has said that it would need to know the extent and composition of Pakistan’s debt to appreciate and determine its debt sustainability. Islamabad might have to arrange $ 1-2Bn as stopgap arrangement to avert a crisis like situation in coming weeks. China has pledged some $ 60Bn in financing to Pakistan for ports, railways and roads, but rising debt levels have caused Islamabad to cut the size of the project by some $ 2Bn.