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      Pakistan's future


      saudi arabia has agreed [in principle] to provide an oil facility, which would defer the payment of part of the oil import bill for pakistan, explains masood ahmed, director of external relations at the international monetary fuel and .
      curbs required for pakistan, such concessions are liternally about keeping the lights on; industry and households alike are already struggling with lengthy power cuts, which in turn curb economic activity .
      investors have been spooked and are wary about returning .
      president zardari is urged by the imf to significantly tighten both fiscal and monetary policy to contain inflation and reduce the external current account deficit - in other wordship, to cut back on both government spending and to raise interest rates to curb consumer spending .
      much has been blown on arms, with the military accounting fors some 15% of government spending .
      Generated 2008-9-11_17:22


      • Pakistan's future 2008-09-09 13:35:46

      • http://news.bbc.co.uk/go/rss/-/1/hi/business/7606148.stm
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