Pakistan facing bankruptcy - Reuters/The Telegraph - GoFuckYourself.com

xmas13 · 10-06-2008, 02:10 PM

http://www.telegraph.co.uk/finance/f...ankruptcy.html

Pakistan facing bankruptcy - The Telegraph

Pakistan's foreign exchange reserves are so low that the country can only afford one month of imports and faces possible bankruptcy.

Officially, the central bank holds $8.14 billion (£4.65 billion) of foreign currency, but if forward liabilities are included, the real reserves may be only $3 billion - enough to buy about 30 days of imports like oil and food.

Nine months ago, Pakistan had $16 bn in the coffers.

The government is engulfed by crises left behind by Pervez Musharraf, the military ruler who resigned the presidency in August. High oil prices have combined with endemic corruption and mismanagement to inflict huge damage on the economy.

http://www.reuters.com/article/marke...37755820081006

Debt crisis looms for Pakistan after rating downgrade - Reuters

http://www.newsweek.com/id/162401

The Fall of America, Inc. - Newsweek

Deputy Chief Command · 10-06-2008, 02:14 PM

the world is coming to an end . .we need alien invasion to build up our economies ..

latinasojourn · 10-06-2008, 03:20 PM

Quote:

Originally Posted by xmas13

http://www.telegraph.co.uk/finance/f...ankruptcy.html

Pakistan facing bankruptcy - The Telegraph

Pakistan's foreign exchange reserves are so low that the country can only afford one month of imports and faces possible bankruptcy.

Officially, the central bank holds $8.14 billion (£4.65 billion) of foreign currency, but if forward liabilities are included, the real reserves may be only $3 billion - enough to buy about 30 days of imports like oil and food.

Nine months ago, Pakistan had $16 bn in the coffers.

The government is engulfed by crises left behind by Pervez Musharraf, the military ruler who resigned the presidency in August. High oil prices have combined with endemic corruption and mismanagement to inflict huge damage on the economy.

http://www.reuters.com/article/marke...37755820081006

Debt crisis looms for Pakistan after rating downgrade - Reuters

http://www.newsweek.com/id/162401

The Fall of America, Inc. - Newsweek

good, now maybe the government will accept the reward $ for the capture of Osama bin Laden.

sltr · 10-06-2008, 03:22 PM

can't they sell some nukes for quick cash?

Vick! · 10-06-2008, 04:29 PM

Quote:

Originally Posted by sltr

can't they sell some nukes for quick cash?

I heard Iran is interested, paying $10 billion a pop.

sltr · 10-06-2008, 04:53 PM

Quote:

Originally Posted by Vick!

I heard Iran is interested, paying $10 billion a pop.

they have a special going- buy 3, get 1 free!

L-Pink · 10-06-2008, 04:55 PM

I hear some countries borrow money from China.

EscortBiz · 10-06-2008, 05:15 PM

Quote:

Originally Posted by L-Pink

I hear some countries borrow money from China.

china will soon be buying buildings in the US using spring rolls

10-06-2008, 02:10 PM	#1
xmas13 Confirmed User Join Date: Dec 2004 Location: GFY Posts: 5,176	Pakistan facing bankruptcy - Reuters/The Telegraph http://www.telegraph.co.uk/finance/f...ankruptcy.html Pakistan facing bankruptcy - The Telegraph Pakistan's foreign exchange reserves are so low that the country can only afford one month of imports and faces possible bankruptcy. Officially, the central bank holds $8.14 billion (£4.65 billion) of foreign currency, but if forward liabilities are included, the real reserves may be only $3 billion - enough to buy about 30 days of imports like oil and food. Nine months ago, Pakistan had $16 bn in the coffers. The government is engulfed by crises left behind by Pervez Musharraf, the military ruler who resigned the presidency in August. High oil prices have combined with endemic corruption and mismanagement to inflict huge damage on the economy. http://www.reuters.com/article/marke...37755820081006 Debt crisis looms for Pakistan after rating downgrade - Reuters http://www.newsweek.com/id/162401 The Fall of America, Inc. - Newsweek __________________ ICQ 557504926

10-06-2008, 02:14 PM	#2
Deputy Chief Command Deputy Chief Command Industry Role: Join Date: Nov 2005 Posts: 4,482	the world is coming to an end . .we need alien invasion to build up our economies .. __________________

10-06-2008, 03:22 PM	#4
sltr Confirmed User Join Date: Dec 2002 Posts: 3,191	can't they sell some nukes for quick cash?

10-06-2008, 04:55 PM	#7
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	I hear some countries borrow money from China.