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Financial storm hits US-allied Pakistan

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posted on Oct, 6 2008 @ 09:01 PM
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Financial storm hits US-allied Pakistan


www.presstv.com

President Asif Ali Zardari told the Wall Street Journal that Pakistan needed a bail out worth $100 billion from the international community to overcome the nation's economic crisis and to fight terrorism.

The funds will help stop the outflow of capital from the country each time there is a bomb blast and it will build business confidence, Zardari said.
(visit the link for the full news article)




posted on Oct, 6 2008 @ 09:01 PM
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Hey, what's a $100b between 'friends', right?

One consequence of all of this turmoil is Pakistan teetering on the edge of complete financial collapse.

Dependence on the international community prop up your own economy and to 'fight terrorism' doesn't seem to inspire too much confidence.

We'll find out next month if the world is willing to bail out Pakistan... But it could be a very different world in the space of a month.

www.presstv.com
(visit the link for the full news article)



 
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