"Pakistan's New Government Seeks $6 Billion IMF Loan Amid Election Chaos"

Pakistan's political chaos following controversial elections is jeopardizing its $3bn IMF deal, crucial for economic stability. Former Prime Minister Imran Khan, currently in jail, has called for an audit of the elections before proceeding with the deal. The IMF has expressed willingness to work with the new government, but the country's economic challenges, including high inflation and debt obligations, make extending the IMF deal critical. Failure to secure the deal could lead to default, with the country needing over $6bn to service its debt obligations by the end of the fiscal year.