Pakistan suffered widespread flooding last year, which wiped out crops, killed thousands of people and caused damage thought to be worth up to $40bn (£32.4bn).
Pakistan is in talks to release of $1.1bn of cash from the International Monetary Fund to help ease its financial crisis.and last year's catastrophic floodsInflation is also thought to stand at around 24% to 26%, according to the country's finance ministry, and the currency has been devalued against the dollar.
If released, the cash from the IMF would go towards paying its external debt to the tune of $8bn, which has to be paid by the end of June.The government has stopped issuing lines of credit, causing a backlog of container ships at the port of Karachi, while industry has been battered by the currency devaluation and imports block.
The country's economy has been faltering for many years, with the floods in 2022 pushing it over the edge. Mr Khan delayed approaching the IMF, despite economists recommending it, saying he wants to shun the practice of approaching foreign entities with a"begging bowl".
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