Daily Archives: July 18, 2013

On becoming prime minister of a troubled Pakistan earlier last month, Nawaz Sharif and his cabinet spent 90 per cent of the first few weeks discussing how to turn around the plunging economy and the 18 hours a day of no electricity that has shut down industry and agriculture.

His first change of track as he realised the depth of the crisis was from defiantly rejecting all help from the International Monetary Fund to accepting a $5.3bn bail-out from the organisation and possibly $4bn more from other institutions such as the World Bank.