For six years, Pakistan’s sugar barons were at war. Did they just call a truce?

Run on the power of political patronage, the sugar industry in Pakistan often ebbs and flows with the tides of political alliance

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IMF highlights advances, complexities in sovereign debt restructuring

Bond restructurings see progress with collective action clauses; Coordination issues prolong negotiations with non-bonded creditors; IMF highlights gaps in loan and collateralized debt restructuring