Even Pakistan is in need of a bailout plan
October 18th, 2008 Posted in Markets, Regional NewsIn the past twelve months, nuclear Pakistan has survived a constitutional crisis that led to the temporary suspension of 
rights, the assassination of a beloved former prime minister, and the resignation of a contentious president. With nations throughout the wider Middle East, including the Gulf, now pumping billions into banks and stock markets in an effort to blunt the blows from the global meltdown, Pakistan’s modest, emerging economy is also in need of a bailout. A fast-sinking rupee has created a balance of payments crisis, which has reportedly prompted the Pakistani government to seek $4B in aid from the World Bank and other industrialized countries, including the United States and China. See article in Financial Times, Pakistan calls on lender to help anchor rescue package.
