Pakistan warned of possible 'economic collapse' - 30 Mar 08

Pakistan appears to be enjoying economic prosperity and hopes of political stability. The Karachi stock exchange has enjoyed record gains.

However, the World Bank warns that the country could be on the verge of economic collapse.

The Bank says the new government needs to act quickly to counter sustained global economic pressure.

And, as Kamal Hyder reports, many Pakistanis are already feeling the squeeze.

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News & Politics

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• Jazeera
• aljazeera
• Pakistan
• economy
• World
• Bank
• collapse
• warning

[smano555]

we have 100s of cities , u have one Karachi and that too like this

The population of Orangi Town was estimated to be more than 720,000 at the 1998 census. It could be the largest slum in Asia

also

Chandigarh Featured as one of the 15 places in Best of Asia-2009 by Time Magazine

why no pakis city in the list if they so good ??

[shaundsouza81]

hahaha

[olebaj]

Gilani boob presser

[yahoovisitor]

US/IMF/W.Bank seriously need to enforce a check & balance auditing system in all Pakistan Govt dept if they want their loans back with due interest. As so far none of the loans sanctioned have reached the projects they were granted for. Rather 99% have been eaten by Pakistan’s political filth. The loans have been recovered in much huge amount than actual by fake inflation imposed but unless a solid check & balance system is enforced to recover the loans its all a dream for USA/IMF/W.Bank.

[yahoovisitor]

The industry I work in has its own system of external & internal auditing. This auditing whether by internal team of auditors or some external auditing Co makes us improve our working skill, remove our faults & do the work more smoothly. If Pakistan Govt acquires this system it can surely come out of deficit financing/begging for loans/applying unjust taxes leading to fake inflation & calling it a corrupt govt. A common/low paid man can’t bear any unjust lavish expenses of Pak Govt any more.

[dineshsk9]

HHAHHAHAHA

[yahoovisitor]

How do we recover the national wealth looted in the form of heavy loans? A loan of say Rs 500 million is sanctioned on the name of industry. Rs 350 million are thrown abroad in forex account & Rs 150 million are invested in the industry. After a few years when forex account jumps to double and industry has returned the invested amount with desired profit bankruptcy is declared. The industry is confiscated & auctioned for a meager amount. The same story is again repeated by the new industrialist.

[yahoovisitor]

Like a maths formula USA/IMF/W.B have set levels of poverty/lack of resources to approve any loan. Pakistans political filth is committing the blunder of confiscating human rights/basic needs of life/creating lack of resources & promoting mischief like fake inflation, no jobs, injustice to obtain loans & eat them all. USA terms these steps as corruption & blackmails Pakistans political filth. Anti Islamic Community uses USA & USA further uses Pakistan as front state for global destruction.