One of the first tests facing Khan's government is whether to seek a bailout from the International Monetary Fund or to turn to China with a plea for more economic aid.
Pakistan Prime Minister Imran Khan has roped in some renowned foreign economists in the newly-constituted economic advisory panel to provide the best possible professional advice to his cash-strapped government on prudent economic policies, media reported on Sunday.
The immediate challenge for the Khan-led government is to arrange finances to fill about a USD 10 billion gap that is arising due to higher outflows than estimated inflows.
Pakistan's current account deficit stands at USD 18 billion, while its foreign currency reserves are just over USD 10 billion, enough to cover two months of imports, according to figures released before the cricketer-turned-politician was sworn-in as prime minister.
One of the first tests facing Khan's government is whether to seek a bailout from the International Monetary Fund or to turn to China with a plea for more economic aid.
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