From The Wall Street Journal:
ISLAMABAD, Pakistan -- In dire need of financial help to stave off an economic collapse and beat back Islamic militants, Pakistani President Asif Ali Zardari headed to Saudi Arabia Tuesday in his latest effort to plead for financial support from a long-time ally.
Mr. Zardari is trying hard to avoid seeking aid from the International Money Fund, which would impose tough conditions that could undermine his support among the poor. And he is looking to Riyadh, which supplies the bulk of Pakistan's oil, to defer billions of dollars in oil payments owed by Pakistan.
Read more ....
ISLAMABAD, Pakistan -- In dire need of financial help to stave off an economic collapse and beat back Islamic militants, Pakistani President Asif Ali Zardari headed to Saudi Arabia Tuesday in his latest effort to plead for financial support from a long-time ally.
Mr. Zardari is trying hard to avoid seeking aid from the International Money Fund, which would impose tough conditions that could undermine his support among the poor. And he is looking to Riyadh, which supplies the bulk of Pakistan's oil, to defer billions of dollars in oil payments owed by Pakistan.
Read more ....