Pakistan and IMF in crisis talks

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Pakistan is running out of foreign cash. They are in crisis talks with the International Monetary Fund after they failed to unlock $1.1bn in crucial funds aimed at preventing the country from going bankrupt. South Africa is having to impose power cuts every single day which has badly affected homes and businesses. It is now so bad that the countries President Cyril Ramaphosa has declared it a state of disaster. We hear from businesses in Pakistan and South Africa about how they are surviving. We also take a look at China because they are worried about the impact their declining population will have on its financial prospects. A senior health official in Beijing has told local governments to take “bold steps” to encourage people to have more babies. (Photo: A Pakistani stockbroker monitors the latest share prices development during a trading session at the Pakistan Stock Exchange in Karachi, Pakistan, 27 January 2023. Photo Credit: EPA-EFE/REX/Shutterstock)