By Irum Saleem Speculation gaining more credence that Pakistan is on the verge of a debt Default.     Where are we heading? Everyone seems clueless.      There are reasons why speculation has persisted, even though Pakistan hasn’t missed or delayed a single debt payment since the financial crisis set in earlier this year. At the moment, a major concern is foreign exchange reserves dropping to a four-year low of $6.7bn as inflows dry up on account of Islamabad-IMF tensions.    The disagreements between Pakistan and the Fund include, but are not limited to, the government’s flood-related expenditure estimates and serious

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