Pakistan Facing BankruptcyQuicklink submitted by Margaret Bassett Permalink
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|Islamabad - 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 of imports like oil and food.
Nine months ago, Pakistan had $16 bn in the coffers. Mr Zardari is expected to ask the international community for a rescue package at a meeting in Abu Dhabi next month.
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