LAHORE: In the immediate wake of 1998 nuclear tests, United States (US), European Union (EU), and Japan straitjacketed Pakistan’s economy by choking all kinds of monetary and non-monetary assistance. To make things worse, even International Monetary Fund (IMF) cancelled a $600 million loan agreement with Pakistan under the influence of the international powers.
Pakistan braved that storm of sanctions back in the day, but this time around, the threat is of a more serious nature as it comes only from the US, which is the largest single importer of Pakistani goods and services.
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