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‘Friends’ unveil initiative to avert collapse: Over $15bn needed: media (bailout fund for Pakistan)
Dawn ^ | 09/27/08 | Anwar Iqbal and Masood Haider

Posted on 09/27/2008 9:12:24 PM PDT by TigerLikesRooster

‘Friends’ unveil initiative to avert collapse: Over $15bn needed: media

By Anwar Iqbal and Masood Haider

NEW YORK, Sept 26: A permanent forum was launched in New York on Friday to help raise billions of dollars to avert a possible economic collapse in Pakistan.

The forum, which will be called the Friends of Pakistan, will hold its first meeting in Abu Dhabi next month.

The decision to form such a body was made at a meeting of some of the world’s richest nations that also have close ties to Pakistan and want to help.

“I don’t want them to give us the fish. I want to learn how to fish and do it myself,” said President Asif Ali Zardari while explaining what Pakistan expected from the new forum.

“We are engaged with Pakistan through international financial institutions,” said US Secretary of State Condoleezza Rice. “We will support the steps Pakistan must take” for economic reforms.

British Foreign Secretary David Miliband described the meeting as “a very strong signal of political and economic support to the democratically elected government in Pakistan”.

(Excerpt) Read more at dawn.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: economiccollapse; failout; friendsofpakistan; islam; mohammedanism; pakistan

1 posted on 09/27/2008 9:12:24 PM PDT by TigerLikesRooster
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To: TigerLikesRooster; Uncle Ike; RSmithOpt; jiggyboy; 2banana; Travis McGee; OwenKellogg; 31R1O; ...

Ping!


2 posted on 09/27/2008 9:12:50 PM PDT by TigerLikesRooster (kim jong-il, chia head, ppogri, In Grim Reaper we trust)
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To: TigerLikesRooster

I was checking to see if this was satire. Are we seriously talking about sending money overseas when we are having a financial meltdown here?


3 posted on 09/27/2008 9:16:18 PM PDT by Rocky
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To: TigerLikesRooster

I hope nobody gives me a call.....

Heh, maybe I do, come to think of it......


4 posted on 09/27/2008 9:16:30 PM PDT by metmom (Welfare was never meant to be a career choice.)
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To: TigerLikesRooster
“I don’t want them to give us the fish. I want to learn how to fish and do it myself,”

Give us Bin Ladens head on a stick and we will give you a fleet of fishing boats!

5 posted on 09/27/2008 9:17:03 PM PDT by OCC
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To: Rocky
Are we seriously talking about sending money overseas when we are having a financial meltdown here?

I was wondering the same...also wondering why we want to spend a pile of money we don't have to build a missile defense system in Europe when Europe doesn't want it...

I was hoping someone would ask about that in the debate last night.

6 posted on 09/27/2008 9:19:29 PM PDT by Amelia
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