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News: Pakistan on the verge of bankruptcy

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posted by rsk4you 1313 days ago

Pakistan's woes seem to have no end. After years of terrorism and bad governance spread havoc, the country is witnessing one of the most depressing economic crisis of all times. The global meltdown is now taking a heavy toll on the economy as it faces bankruptcy. Today, the country's creditworthiness rating is the second-worst among nations ranked by Standard and Poor's. The Karachi Stock exchange has lost more than half its value in the last 6 months, eroding the wealth of many investors. Investors are a worried lot, as most of them have seen their profits wiped off completely in months. The crisis in Pakistan worsensed this year as the country could no longer bear the huge burden of subsidies. Under former president Musharraf's regime, fuel and food prices were subsidised when international commodity prices rose last year. This eroded the government's coffers. This year also saw the assassination of the country former prime minister Benazir Bhutto leading to more internal strife and unabated terrorist attacks.
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| written by rsk4you 1313 days ago Rating: 1 | Rate comment: + -

Let god and People of pakis, save the country.

No use of believing in politicians and bureacracy.
| written by rsk4you 1313 days ago Rating: 1 | Rate comment: + -

Until the virus is powerful and inside the pakis territory, no external medicine are useful!
| written by aspirationz 1312 days ago Rating: 1 | Rate comment: + -

This is what happens when a country pays more attention towards destruction of other countries rather than its own development. The amount of money that Pakistan spends on infiltration and promotion of ISI, had it spent even a tenth on development issues, it would have been in a far safer state.
| written by denny 1312 days ago Rating: 1 | Rate comment: + -

damn right you are aspirationz.....

i completely agree with u on this point....

that clown Musharraf has already brought Pakistan to a stage of economic depression... now its upon the ppl of Pakistan to trust Mr Zardari and let him function for the betterment of the country.....

i am skeptical about China helping Pak financially....

i think the only country that can help Pakistan is India....

| written by seoharmu 1312 days ago Rating: 0 | Rate comment: + -

china will help, they had a good diplomatic relation in the past too,

but the real development can only be done by its own people, hope they love this democratic setup and let Zardari work in peace.

| written by seoharmu 1313 days ago Rating: 0 | Rate comment: + -

Pakistan is partnering with china for nuclear power, am sure china will help pak with financial aid as well!