Pakistan faces financial crisis

[bemildred]

Source: al Jazeera

International efforts are under way to stop Pakistan from defaulting on its debts after its foreign reserves dropped to just $3bn.

With about $1bn a month needed to provide its people with basic requirements there are fears that Pakistan could run out of money before the end of the year.

Saquib Sherani, the economic adviser to Yusuf Reza Gilani, Pakistan's prime minister, said on Sunday that the country urgently needed about $7bn to bridge the expected financing gap for the year.

"Its large and we need it quite fast ... the reserves are down to covering one month of imports," he told Al Jazeera.

Read more: http://english.aljazeera.net/news/asia/2008/09/200892885733125929.html

[pattmarty]

1. Forget about the border with Afghanistan, this could be.........

.........the proverbial straw, if they go bankrupt it'll be chaos there.

[bemildred]

2. Chaos, ciivil war, stuff like that, is what I expect. nt

[varun]

3. Even after $10 billion of US aid

Pakistan has managed to go bankrupt.

Why should they get more handouts?

[Lost River Ledger]

4. Please!

And have them empty the Swiss bank accounts its been diverted to? Have you no sympathy for the Swiss........oh the humanity!!!!!!!