Pakistan defence minister has declared that the country has defaulted and is bankrupt. The statement by Khawaja Asif, the defence minister, has embarrassed Pakistan government which is seeking a bailout from IMF to avoid default amid unprecedented crisis in the country. Watch the video for more details. Hindustan Times Videos bring you news, views and explainers about current issues in India and across the globe. We’re always excited to report the news as quickly as possible, use new technological tools to reach you better and tell stories with a 360 degree view to give you a better understanding of the world around you.