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Published in Dawn on May, 15, 2026 ISLAMABAD: Following the release of a $1.1 billion tranche for Pakistan, the International Monetary Fund (IMF) has identified Pakistan’s economic exposure to the Gulf Coope­ration Council (GCC) as its most acute external vulnerability. In its staff report, the lender warned that “the war weighs on the near-term outlook as Pakistan […]

Nasra Shah, Scientific Director, GLMM and Professor, Lahore School of Economic