Pakistan has achieved temporary relief from a potential debt default following a draft agreement with the IMF, but political stability will be crucial for the country’s economy in the upcoming months. Recent negotiations with the IMF have offered hope for Pakistan’s ability to meet its debt obligations, with USD 23 bln due in the fiscal year starting July 2023. Saudi Arabia and the UAE are expected to provide USD 3 bln in new loans, while Pakistan is also trying to secure about USD 10 bln committed in pledges following severe floods last year.