Debts Pushing Pakistan To The Brink Of Ruin -- The Independent
The flooding crisis has weakened an economy already struggling to cope with its heavy financial burden. Omar Waraich reports from Islamabad.
Pakistan's already creaky economy has been pushed to the verge of ruin by the devastating floods of the past month.
With foreign aid only now beginning to trickle in, the impoverished country has been forced to take out further loans while pleading for outstanding ones to be restructured.
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More News On The Flood Disaster In Pakistan
Pakistan asks for help on loan payments -- The Telegraph
Pakistan faces 'massive economic challenge', says IMF -- BBC
Pakistan Plea For Debt Relief Over Floods -- SKY News
IMF to review Pakistan budget in talks: official -- Reuters
IMF To Review Pakistan Loan Program After Flooding -- Wall Street Journal
Economic outlook dire for Pakistan flood victims -- CNN
Desperate refugees fight over food as UN says EIGHT MILLION flood-stricken Pakistanis are in 'urgent need' of food -- The Daily Mail
More floods ravage Pakistan, displacing residents, destroying crops, homes, infrastructure -- New York Daily News
Pakistan braced for more floods; aid tops $800 mln -- Reuters
Thousands stay in Pakistan floods to protect homes -- AP
Pakistanis Flee As More Towns Flood -- Voice of America
South Pakistan villagers flee threatened areas -- BBC
Pakistan flooding submerges new areas -- CBC
Flooding submerges new towns in Pakistan's south -- AP
Pakistan flooding brings sickness -- UPI
Survivors of Pakistan floods face growing health problems -- CNN
Pakistanis' Anger Likely Rising; U.S. Worries -- CBS News
Pakistan Flood: Photos -- CNN
In pictures: Pakistan flood devastation -- BBC
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Pakistani economists say that the aid from abroad still falls short of the funds required, forcing Islamabad to resort to expensive borrowing that it cannot afford. The disaster has revealed decades of infrastructural neglect that damns successive governments. However efficiently the current government may have been able to mobilize resources, the state’s capacity was woefully lacking in the first place.
Pakistan on the brink
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