Pakistan set to dodge short-term default; political turmoil grows

Pakistan needs financial help to deal with "overwhelming" floods, its foreign minister said, adding that he hoped financial institutions such as the IMF would take the economic fallout into account

Pakistan is poised to evade a near-term default amid expectations the International Monetary Fund (IMF) will resume its $6 billion bailout program, but a rally in the nation’s assets may fizzle out amid escalating political tensions.

Columbia Threadneedle Investments, Tellimer Ltd. and Natixis SA predict Pakistan will win a loan approval from the IMF board when it meets on Monday, paving the way for the release of $1.2 billion in immediate funds. Two days later, focus will shift to a court hearing where former premier Imran Khan has been asked to appear as he battles a string of legal troubles. 

But Pakistan