Pakistan in a panic

October 27, 2008

Part 2 on Tuesday While financial markets crumble worldwide, Pakistan is in the grips of a terrible economic crisis which threatens to destabilize the country. Pakistani officials have reached out to its richest allies for support, China, Saudi Arabia and the United States. All three countries, dealing with economic woes of their own, have denied this request, leaving the country to negotiate an emergency loan from the IMF. Sunil points out that the other major source of income for the Pakistani military leadership is the drug trade, a practice that is made possible by the billions in aid that the leadership receives from foreign governments every year.

Part 2 on Tuesday While financial markets crumble worldwide, Pakistan is in the grips of a terrible economic crisis which threatens to destabilize the country. Pakistani officials have reached out to its richest allies for support, China, Saudi Arabia and the United States. All three countries, dealing with economic woes of their own, have denied this request, leaving the country to negotiate an emergency loan from the IMF. Sunil points out that the other major source of income for the Pakistani military leadership is the drug trade, a practice that is made possible by the billions in aid that the leadership receives from foreign governments every year.



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