NaiTazi.com: Pakistani news. Powered by YOU!

Pakistan facing bankruptcy

October 7th, 2008 Sana · No Comments

Source: 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 […]

[Read more →]

Filed Under: Business · Politics